The Contemporary Austin’s Laguna Gloria Art Museum at 3809 W. 35th St., Austin, permanently acquired the sculpture titled Time Span” by artist Nancy Holt on March 6. The piece was gifted by the Holt/Smithson Foundation, an organization dedicated to supporting the creative legacies of artists Holt and Robert Smithson, according to its website. Crafted from steel wheels, metal chains and stucco, the sculpture sits at the lakeside section of the site near the most remote point of the peninsula, The Contemporary stated in a press release. "Time Span" was commissioned for the Laguna Gloria’s 14-acre site in 1981, and according to The Contemporary Austin the piece was on view through a loan agreement.

“We are deeply grateful to Holt/Smithson Foundation for making it possible for The Contemporary to permanently acquire a work that so poetically communicates with the landscape of this very special place,” said Margie Rine, interim director of The Contemporary Austin.

An annual celebration of the piece featuring guest speakers will take place at the Laguna Gloria on April 5, the official completion date of "Time Span." Tickets for the event will be included with a museum admission ticket. The Austin Film Society will also be presenting a special screening of Holt’s films. 512-458-8191.