Louis-François Crozat was the son of Antoine Crozat, le Riche, marquis du Châtel. Antoine and his brother Pierre Crozat, le Pauvre, were bankers in Toulouse, where they rose to positions with the Treasury of the province of Languedoc. After making their fortunes, they established themselves in Paris around 1703.
There, Antoine continued to work, obtaining exclusive--and very profitable--rights of trade with the Louisiana territory. Pierre built a sumptuous residence, now destroyed, on the rue du Richelieu and dedicated himself to collecting the works of art with which he filled his home. Crozat collected both fine and decorative art objects in abundance--over 400 paintings, as many sculptures, some 18,000 drawings, as well as engravings, Chinese and Japanese porcelains, Italian ceramics, etc.The hôtel Crozat became a sort of artistic center, hosting many musical and artistic soirées, frequented by the artist Watteau among others. Crozat died in 1740; in his will he stipulated that a part of his belongings be sold after his death, with the proceeds going to the poor. A portion of the collection was thus acquired by the Duc d'Orléans. Crozat bequeathed the paintings and statues to his eldest nephew Louis-François, marquis du Châtel. Louis-François survived his uncle by only ten years. After his death in 1750, the sculptures were sold at auction in 1751 and the the Crozat paintings collection divided between Châtel's daughter, Louise-Honorine, later duchess of Choiseul, and his younger brothers, Joseph-Antoine, the marquis de Tugny, and Louis-Antoine, baron de Thiers. Tugny died the next year, and Thiers purchased his choice of the Crozat pictures from Tugny's heirs. After Thiers himself died in 1770, the Crozat collection was sold in 1772 through Denis Diderot [1713-1784] to Catherine II of Russia, and ultimately became part of the collection of the Imperial Hermitage Gallery in St. Petersburg. Likewise the Crozat pictures owned by the duchess of Choiseul were sold following her death, many of them to Catherine II as well. [Compiled from sources and references recorded on CMS]