Since the Four Seasons Restaurant's opening (1959), within the Seagram Building, NYC, the curtain has been hung in "Picasso Alley" – the hallway between two dining rooms of the restaurant[3][4] – and it would remain there until 2014.[5]
In 2000 Seagram's assets (including Le Tricorne) were sold to French conglomerate Vivendi. In 2005 Vivendi gifted the stage curtain to the non-profit preservationist group New York Landmarks Conservancy, as a "Gift to the City",[8] and it remained on display at the Four Seasons.
In 2014 the Seagram Building's landlord, Aby Rosen, decided to take Le Tricorne down to repair the wall behind it. According to Rosen, the wall had been damaged by moisture and steam from the kitchens on the other side; without repairs, the painting itself was in risk. But its owner, New York Landmarks Conservancy, contended that the wall was fine, and moving the unframed painted curtain could severely damage it. The removal of the fragile, large-scale tapestry led to a legal battle between Rosen – who had reportedly described the work as a schmatte, the Yiddish word for "rag" – and Landmarks Conservancy.[3]
Finally, after the controversial expulsion from its former home of 55 years, Le Tricorne was received as a gift by the New-York Historical Society,[9] where it remains as of 2023.[1][10]