The document discusses Peggy Guggenheim, an American art collector known for her significant personal collection housed at the Peggy Guggenheim Collection in Venice. It details Guggenheim's passion for collecting art and supporting artists, which began in the late 1930s and continued throughout her life, as well as her distinctive personal style and home in Venice where she housed her collection. The piece also references how Karl Lagerfeld recently paid homage to Guggenheim's style and life for a Chanel fashion show held in Venice.