Early Life: Inheritance, Involvement in The Art/writing Community
Peggy's father was of Swiss-German Jewish origin, and her mother of German and Dutch-Jewish ancestry. When she turned 21 in 1919, Peggy Guggenheim inherited US$2.5 million, roughly US$20 million in today's currency. Guggenheim's father, Benjamin Guggenheim, died in the sinking of the RMS Titanic and he had not amassed the fortune of his siblings; therefore her inheritance was far less than the vast wealth of her cousins.
She first worked as a clerk in an avant-garde bookstore, the Sunwise Turn, where she became enamored with the members of the bohemian artistic community. In 1920 she went to live in Paris, France. Once there, she became friendly with avant-garde writers and artists, many of whom were living in poverty in the Montparnasse quarter of the city. Man Ray photographed her, and was, along with Constantin Brâncuşi and Marcel Duchamp, a friend whose art she was eventually to promote.
She became close friends with writer Natalie Barney and artist Romaine Brooks, and was a regular at Barney's stylish salon. She met Djuna Barnes during this time, and in time became her friend and patron. Barnes wrote her best-known novel, Nightwood, while staying at the Devonshire country manor, 'Hayford Hall', that Guggenheim had rented for two summers.
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