At the beginning of 2022, the art collection of Ingibjörg Guðmundsdóttir and entrepreneur Þorvaldur Guðmundsson was placed in the permanent keeping of the National Gallery of Iceland. The collection, which includes paintings, drawings, prints, sculptures, reliefs etc., is one of Iceland’s largest private collections. It comprises about 1400 works by many of Iceland’s leading artists, among them about 400 by Jóhannes S. Kjarval, who was a close friend of the couple.