Originally a real-estate development company, Wang Jianlin’s Dalian Wanda Group now owns AMC Loews, a British yacht company called Sunseeker, and a stake in a Spanish soccer team, among many other interests. As of 2015, it also owns $1.6 billion in art. But, even here, Wang’s tastes are varied. Initially focused on work by Chinese modern and contemporary artists like Wu Guangzhong and Shi Qi, Wang (Asia’s second-richest man as of July 2016, according to Bloomberg) has recently begun to buy Western art. His first major purchase of a work by a non-Chinese artist was Picasso’s Claude et Paloma (1950), which he bought at auction in 2013. Since then, according to Guo Quingxiang, who oversees the Wanda Group’s art collection, Wang and his company have been devoted to “collecting original and important works representative of key developments in art history,” regardless of where or when those “key developments” happened. At Sotheby’s, New York, in May 2015, Wang bought a Monet painting for $20.4 million.
Copyright 2017, Art Media ARTNEWS, llc. 110 Greene Street, 2nd Fl., New York, N.Y. 10012. All rights reserved.