The 2016 Guggenheim Young Collectors Party commenced with an intimate dinner with YCC cochairs and the host committee, held in The Wright restaurant, followed by a celebration with music, dessert, and drinks in the museum's rotunda. Funds raised from the evening benefited the Young Collectors Council Art Fund to support the acquisition of works by emerging artists for the museum's contemporary collection. For the third consecutive year, major support of the Young Collectors Party was provided by David Yurman.