Movie mogul ventures into art
Updated: 2016-06-23 10:34
By Lin Qi(chinadaily.com.cn)
|
|||||||||
Wang Zhongjun, chairman of Huaiyi Brothers Media, one of China's largest home-growth entertainment companies, speaks at a press conference. [Photo provided to China Daily] |
Chinese movie mogul and art collector Wang Zhongjun, 56, is venturing into the auctioning business and says a private art museum of his own will be built in 2017.
On behalf of the Shenzhen-listed Huayi Brothers Media he chairs, Wang signed a strategic cooperative agreement on Monday to jointly establish an auction house in Shanghai by the end of this year, with Beijing Poly International Auctions and Tianchen Times, a Beijing-based cultural corporate which Wang co-founded.
Wang has collected art for some 20 years and says the to-be-opened Shanghai company will operate many art trading businesses, as well as staging auctions twice a year, as well as art-related financial services.
He says an art space to display his collections over the years will hopefully be established next year, out of a personal wish to benefit the general public with fine art.
A display of 30 artworks and antiques, mostly hammered off at Poly's auctions, will be held at the Poly Art Center, until Saturday. Among the items are a dozen paintings from Wang's collection, including Pablo Picasso's Femme Au Chignon Dans Un Fauteuil, which he bought for $29.93 million in Sotheby's New York sale last year.
In 2014, he fetched Vincent van Gogh's still-life, Vase with Daisies and Poppies, for $61.8 million, also in Sotheby's New York sale.
Last month he splashed 207 million yuan ($31.7 million) on Jushi Tie, a Song Dynasty calligraphic letter of politician and scholar Zeng Gong, in China Guardian Auction's Beijing sale.
The Beijing native was ranked 309th on Forbes' China Rich List for 2015 and 1,712 on the billionaires list, with a net worth of $1 billion.
- US Ambassador to China Baucus says he is a 'WeChat nut'
- Classes inspired by ancient arts offer moral teachings
- School's artificial grass found to be highly toxic
- Agency lists tiny hallway for sale: 1.5 million yuan
- Armed police mend gap in E China river defenses
- Over 90% Chinese netizens access news on mobile phones: report
- US urged not to rock the boat by flexing its muscles
- UK's EU referendum polls show 'Leave', 'Remain' tied up
- DPRK yet to confirm suspected missile launches
- Chinese panda expert concerned by sick panda in US
- British MPs pay tribute to murdered MP Jo Cox
- DPRK deploys Musudan ballistic missile in east coast
- Rising above the clouds: Mist envelops Qingdao
- In pictures: Countdown to Brexit referendum
- Top 10 classic Walt Disney animated films
- Top 10 overseas M&As of Chinese auto companies
- Now and then: Famous venues of the Long March
- Things you may not know about Summer Solstice
- First lady visits Fryderyk Chopin Museum in Poland
- Chinese factories score a goal with Euro 2016
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
Chinese State Councilor Yang Jiechi to meet Kerry
Chinese stocks surge on back of MSCI rumors
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
US Weekly
Geared to go |
The place to be |