The big daddy of a slew of newish, privately funded art galleries in the city, this impressive institution has a stunning location on the shores of the Bosphorus, an extensive collection of Turkish 20th-century paintings on the ground floor, and a constantly changing and uniformly excellent program of mixed-media exhibitions by local and international artists in the basement galleries. There's also a well-stocked gift shop, a cinema that shows art-house films and a stylish cafe-restaurant with superb views of the Bosphorus.