Courtauld was the son of Sydney Courtauld and Sarah Lucy Sharpe, and the great-nephew of textile magnate Samuel Courtauld. He was educated at Rugby School. After he finished school he visited Germany and France and studied textile technology to prepare to work in the family business. In 1901, he became director of one of the factories, then in 1908 the CEO of all plants of the company. He became interested in art after seeing the Hugh Lane collection on exhibition at the Tate Gallery in 1917. However, his career as a collector started in 1922 following an exhibition of French art at the Burlington Fine Arts Club. Courtauld was one of the first collectors to display interest in FrenchImpressionist and Post-Impressionist paintings. During the 1920s, he assembled an extensive collection including masterpieces by Vincent van Gogh, Édouard Manet, Paul Cézanne and Pierre-Auguste Renoir. The core elements of his collection were acquired between 1926 and 1930, though his passion dwindled somewhat following the death of his wife Elizabeth in 1931. Samuel founded the Courtauld Institute with Viscount Lee of Fareham and Sir Robert Witt in 1930. Courtauld provided the bulk of the finances for the founding of the Courtauld Institute. His wealth came from the textile business, but on both sides of his family there were connections with the arts and traditions of patronage going back several generations. Courtauld loved pictures and wrote poems about them. On the advice of Roger Fry and others he bought French Impressionists and Cézannes and took out a lease on the best Robert Adam house in London, Home House, 20 Portman Square, in which to display them - a novel and stunning combination. His example was emulated by his younger brother Stephen, who converted the medieval ruins of Eltham Palace into an Art Deco mansion. Samuel Courtauld was the real Maecenas of the trio, and when his wife died in 1931, he made over the house in Portman Square, together with the pictures, for the use of the new institute until such time as permanent accommodation could be found for them. In the event the Portman Square house was to be the institute's home for almost sixty years. Courtauld also created a £50,000 acquisition fund for the Tate and National Gallery in London, helping lay the foundations of national collections of Impressionist and Post-Impressionist art.
Family
Samuel Courtauld married Elizabeth Theresa Frances Kelsey on 20 June 1901. The children from this marriage included: Sydney Courtauld married the politician Rab Butler. Samuel's younger brother, Stephen Courtauld, was also an arts patron and is remembered for his work on restoring Eltham Palace. Augustine Courtauld Samuel's cousin was an explorer, noted for his pioneering observations of the climate of the ice cap of Greenland.
