Collectors become obsessive and then addicted. You become addicted to art and you can't live without it.

I never stay anywhere — parties , museums, meetings — longer than 3 hours.

Artists rarely do the same thing over and over again. Art is about the new, doing things in a new way.

I learned to embrace risk, as long as it was well thought out and, in a worst-case scenario, I'd still land on my feet.

Museums do not share their collections with other museums unless they get something in exchange. The Metropolitan will deal with the Louvre, but will they send their stuff to Memphis? No.

I've never been one who enjoys maintaining the status quo. I'm always pushing for new ideas, whether it's in business or philanthropy.

Unfortunately, the boards of art institutions tend to be populated with well-meaning supporters of the arts who often lack any business background or appetite for imposing appropriate discipline.