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The São Paulo Institute of Contemporary Art or IAC was founded in 1997, with the main purpose of preserving documents and spreading the work of Brazilian artists of constructive tendency. They are: Sergio Camargo (1930-1990), Willys de Castro (1926-1988), Amilcar de Castro (1920-2002) and, more recently, Sérvulo Esmeraldo (1929). For the realization of this project, it was essential to build a headquarters for the Institute. Through an agreement signed with the University of São Paulo - USP, the IAC began the renovation of the Joaquim Nabuco building - construction of the 1920s, where the former Faculty of Philosophy, Sciences and Letters, the scene of events, operated from 1949 to 1968. political and cultural issues relevant to the country's history. In January 2004, IAC implemented its Documentation and Research Center. It is responsible for the safekeeping, conservation, cataloging, research, free dissemination and permanent access of the public to historical documentation regarding the artists that currently constitute its object of study. It has a team of professionals from different areas of knowledge - museology, fine arts, history and social communication - prepared for the technical processing of the collection, elaboration of research instruments and attendance to the public. In 2011, after the lending between IAC and USP, the headquarters was transferred, after invitation of the University Center Belas Artes, to the 1st floor of Dr. Alvaro Alvim Street, 90. In this place, the IAC implemented its cataloging, cleaning and cleaning room. attendance to the collection researches; an administration room; It has adapted the existing spaces to receive an exclusive showroom to present its collection and a technical reserve equipped with all the resources of contemporary preventive conservation. The aim of the Institute of Contemporary Art is to become a documentary and historical reference center. With this focus, the Documentation and Research Center collects and organizes important bibliographic material and primary sources, not only from the artists themselves but also from what has been produced about them. The documentary collection referring to the artists represented by the IAC is of invaluable importance for the history of Brazilian art and culture, especially from the second half of the twentieth century. In addition, IAC organizes international exhibitions in partnership with other renowned institutions. He has organized the Coloritmos exhibition by Venezuelan Alejandro Otero, one of the most significant artists in the history of modernist abstraction, in partnership with the Pinacoteca of the State of São Paulo and the Nemirowsky Foundation.
The Federal Prosecutor's Office investigated the institution after the complaint by the National Union of Plastic Artists. According to the union, the IAC president would select several works from her gallery to compose the exhibits mounted in the space that IAC occupied at the Maria Antônia University Center. On April 20, 2012, the Public Prosecution Service unanimously disregarded the complaint and decided to close the case.
The Institute of Contemporary Art has also published several catalogs recording their exhibitions, including: Extended Field, Absorption and Intimism in Volpi, Collector's Eye - Touiu Collection, Sergio Camargo - Claro Enigma. In the current space organized the exhibitions Brazil: Figuration x Abstraction and Dynamic Deformations with documents from the personal collection of Willys de Castro.
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