The Institut Valencià d'Art Modern (Valencian pronunciation: [instiˈtud valensiˈa ˈðaɾd moˈðɛɾn]; Spanish: Instituto Valenciano de Arte Moderno; English: "Valencian Institute of Modern Art"), also known by the acronym IVAM, was the first center of modern art created in Spain
, opening in 1989 in the city of Valencia
. The Institut Valencià d'Art Modern is an important center for modern and contemporary art in Spain and Europe
It shows continuous developments of art and photography of the twentieth century. The museum offers both permanent collections and temporary exhibitions, discussions, courses and conferences, workshops and concerts related to exhibitions organized and other fields of contemporary art. It has two spaces: the Centre Julio González, a new building which opened in 1989 featuring the museum's collection along with other temporary signs and the Board of the Wall, located in the basement of the building that remains of the former Medieval fortifications of the city, and now houses temporary exhibitions.