Collectors Nancy Olnick and Giorgio Spanu could be planning to open a 20,000-square-foot private exhibition space in Cold Spring, N.Y., where their 400-piece collection of postwar Italian art will be on view, first reported Bloomberg.

The couple also owns 500 pieces of Murano glass. Their glass collection was the subject of a solo exhibition at New York’s American Craft Museum (now the Museum of Arts and Design) in 2000.

Nancy Olnick writes about the collection on the couple's website, "...Giorgio and I moved to Rome for one year with our daughter Stella. It was during this time that we were intimately exposed to the world of Italian Art—both ancient and contemporary. In the end, it was Arte Povera that captured our hearts. This movement, which started in the 1960s and continues to be so relevant today. We began to study it in depth and decided to put exclusively Italian Art in our new home."

The possiblity of some sort of art space opening is hinted at: "The only drawback to collecting Arte Povera is that much of the work is huge in scale and certainly cannot be shown in a house made of glass walls. This led us to look for an appropriate space to display the artwork. It is our mission to be able to share our experience and education with family, friends, and an interested audience who may not be familiar with the power of Italian Art."