As recently announced in the Newport Daily News, Astor’s Beechwood mansion which was purchased by Larry Ellison of Oracle about two years ago is slated to become the new home of Beechwood Art Museum which will house Ellison’s collection of 19th Century art. For those who do not know, Larry Ellison is the founder and CEO of Oracle Corporation and is the fifth richest person in the world. Larry also owns MBW Oracle Racing, sailing America’s Cup yachts. His team was just in Newport, Rhode Island in the 2012 America’s Cup Series races.
Ellison hired Newport architect Richard Grovesnor to reconstruct and restore the mansion to the way it looked when Richard Morris Hunt restored it in 1881. Along with the purchase of the Beechwood Mansion, two other properties north of the mansion were acquired and will be torn down and reconstructed due to the amount of work that needed to be done. When all is said and done, the Beechwood mansion will house Ellison’s collection in the large rooms on the first floor, while the second and third floor will be used for his residence. When Mr. Ellison is not in residence, the second floor will be opened to display his art in a residence setting and will be one of the finer mansions in Newport. With the amount of work that is being put into the mansion, this may become one or the more popular mansions to see on Newport’s fabled Bellevue Avenue.