• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
museums

Los Angeles Starts the Ignition on Rebuilt Petersen Auto Museum

By
Valli Herman
Valli Herman
Down Arrow Button Icon
By
Valli Herman
Valli Herman
Down Arrow Button Icon
December 7, 2015, 7:57 PM ET
Add Fortune on Google for similar content.

The Petersen Automotive Museum reopens today in Los Angeles after a 13-month closure and a $90-million top-to-bottom renovation. The dramatic exterior is the first, vivid clue to the changes: Wrapped with 308 undulating, steel ribbons, the hot-rod red building looks like it’s wearing racing stripes and traveling at 100 mph, leaving streaks of glowing tail lights.

The new model Petersen is more than the ultimate man cave: It’s also the culmination of efforts by several ultra-successful, car-loving businessmen to preserve and advance knowledge of what they call the most complex, profitable and beautiful pieces of human-engineered art–cars. And trucks and motorcycles, too.

Twenty-five new galleries contained in three themed floors explore in interactive, multimedia exhibits how cars are built, raced, adored and driven into our collective consciousness. Cutting-edge projectors, speakers and lighting put visitors inside the action–whether it’s the cockpit of a racecar or inside a chase scene in a Hollywood blockbuster, such as the latest James Bond epic, “Spectre.” Ten racing simulators in the Microsoft/Xbox Forza Experience room put users on a virtual race track.

Some of the biggest names in the world of automobile collecting, racing and publishing are behind the Petersen’s creation and recent transformation. The late Margie and Robert E. Petersen built a publishing empire of auto enthusiast magazines and converted a ‘60s-era department store into the Petersen Automotive Museum in 1994.

In 2013, auto enthusiast and philanthropist Peter Mullin rejoined as chairman of the Petersen board to oversee the museum’s 21st-century overhaul. Mullin is also known for amassing a fortune in insurance and spending chunks of it on exotic French cars and the Mullin Automotive Museum in Oxnard, north of Los Angeles.

Mullin is sharing his collection with the Petersen, which displays the Talbot-Lago 150 and the Bugatti Atlantique, considered among the world’s most beautiful. Through past philanthropic efforts, Mullin significantly financed the Art Center College of Design in Pasadena, which now has a glass-walled satellite studio at the museum.

A longtime board member, Petersen Vice Chairman and real estate investor Bruce Meyer is among the world’s most well-known auto enthusiasts and collectors. His Bruce Meyer Family Gallery opens with an exhibit called Precious Metal, which marks the most expensive gathering of cars in the museum’s history–an estimated $120 million total, with several valued in the tens of millions each.

Michael Armand Hammer, the newest Petersen board member and the grandson of Armand Hammer, former Occidental Petroleum Corporation chairman, also heads the Hammer Foundation and the Hammer Museum in Los Angeles, which houses the family art collection. Hammer’s Petersen gallery is devoted to cars used as canvasses for art. It opens with BWM Art Cars and will rotate a selection of the rolling artworks, beginning with those by David Hockney and Alexander Calder.

For budding car fans, the museum partnered with “Cars” movie maker Pixar Animation Studios on a new, interactive exhibition, the Cars Mechanical Institute, which explains helpful things such as how brakes, suspension and engines work. Another high-tech touch is a new app that allows visitors to take self-guided tours by smartphone or tablet.

The racy and now controversial exterior of the museum was designed by New York architecture firm Kohn Pedersen Fox Associates (MOMA’s latest renovator). Co-founder Eugene Kohn imagined the building at the western gateway to the Museum Row district on Wilshire Boulevard as a literal–and figurative–monument to the auto.

The bold design has some sneering, including Los Angeles Times architecture critic Christopher Hawthorne who called it “happily tasteless.”

Yet inside the museum during a long-awaited preview open to sponsors and press, those concerns evaporated like a Ferrari’s vapor trail. L.A. is, at its heart, a car town.

About the Author
By Valli Herman
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Getting past the pilot: Why so many AI test projects have trouble scaling
SuccessBrainstorm Tech
Getting past the pilot: Why so many AI test projects have trouble scaling
By Alexei OreskovicJune 24, 2026
4 hours ago
US says chemical maker Chemours will pay $450M in penalties and relief programs to three states to settle ‘forever chemicals’ case
EnvironmentEnvironment
US says chemical maker Chemours will pay $450M in penalties and relief programs to three states to settle ‘forever chemicals’ case
By The Associated PressJune 24, 2026
5 hours ago
A Viking ship named Havhingsten af Glendalough - the Sea Stallion of Glendalough -, the world's largest replica of a Viking warship, sets out 01 JUly 2007 from the Viking Museum in Roskilde, Denmark, on a voyage to Dublin in Ireland, where it is scheduled to arrive 14 August.
EuropeScience
1,000-year-old massive textile factory unearthed in Denmark—and it belonged to the Vikings
By James Brooks and The Associated PressJune 24, 2026
5 hours ago
‘Godmother of AI’ and tech entrepreneurs draw investors by pivoting from chatbots to ‘world models’ saying AI has to read the room, not just books
AIRobots
‘Godmother of AI’ and tech entrepreneurs draw investors by pivoting from chatbots to ‘world models’ saying AI has to read the room, not just books
By The Associated PressJune 24, 2026
5 hours ago
Trump’s Iran war provoked the Senate enough to get it to symbolically vote to curb his war powers for the first time
PoliticsDonald Trump
Trump’s Iran war provoked the Senate enough to get it to symbolically vote to curb his war powers for the first time
By The Associated PressJune 24, 2026
5 hours ago
‘We are in agony’: Today Show host Savannah Guthrie begs public for help as reports surface her missing 84-year-old mom might be dead
North AmericaMedia
‘We are in agony’: Today Show host Savannah Guthrie begs public for help as reports surface her missing 84-year-old mom might be dead
By The Associated PressJune 24, 2026
5 hours ago

Most Popular

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
20 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
12 hours ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
20 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
13 hours ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.