Francesco Risso will become creative director of the label.
The designer had most recently been freelancing after running his own label and working at Cerruti and Jack Wills.
On view from May 4 through Sept. 4, 2017, the exhibition will examine Kawakubo’s fascination with the space between boundaries.
The Balenciaga creative director feted his first collection in the Rodeo Drive boutique on Thursday night, capping a five-day trip to L.A.
The event takes place Nov. 29.
The Lempicka painting has not been seen publicly beyond the couple’s Upper West Side apartment for the better part of 47 years.