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ChinaMoney & Wealth

Chinese tycoon Liu Yiqian says he wants to add more Western art to his shopping list

The former taxi driver, whose personal wealth is put at US$1.38 billion, says it is his ‘social responsibility’ to show such art to the mainland’s younger generation

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Chinese art collector Liu Yiqian (centre) cuts a ribbon to open the Christie’s spring season in Hong Kong on March 31. Photo: AFP
Agence France-Presse

Former Chinese taxi driver-turned tycoon Liu Yiqian first stunned the auction world by snapping up hugely expensive Chinese antiquities, but he is targeting Western masterpieces.

He says it is his “social responsibility” to show them to the mainland’s younger generation.

Liu has become China’s highest profile art collector, hitting headlines with record-breaking buys and an irreverent approach.

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Liu Yiqian says he will buy more Western masterpieces to show them to the mainland’s younger generation. Photo: AFP
Liu Yiqian says he will buy more Western masterpieces to show them to the mainland’s younger generation. Photo: AFP
His acquisitions have mainly been of Chinese heritage, most famously the tiny Ming Dynasty “Chicken Cup” for which he paid US$36 million in 2014 at Sotheby’s before drinking tea from it – causing a social media meltdown.
The world is globalised ... our collection is mainly Chinese traditional works of art, [but] we are going to expand into Western and Asian works
Chinese art collector Liu Yiqian

However, in a departure from his Chinese collecting spree, last year Liu splashed out on Modigliani’s Nu Couche or “Reclining Nude” for more than US$170 million at Christie’s, the second highest price ever paid at auction for a work of art.

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