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.