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Est. 1902

Top 200 Collectors

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Budi Tek

Budi Tek

Jakarta, Indonesia; Shanghai

Philanthropy (Yuz Foundation and Yuz Museum)

International contemporary art, especially Chinese and Western

Overview

Few collectors could amass enough artwork in a decade to fill two museums, but that is exactly what Budi Tek, the Chinese Indonesian entrepreneur, managed to do. He began collecting in 2004 and has since acquired more than 1,500 works, many of which are large scale. It is a sad truth that you can’t keep a sculpture like Adel Abdessemed’s Like Mother, Like Son (2008), consisting of three airplanes woven together, in your backyard. Tek needed something bigger. In 2006, he opened the Yuz Museum in Jakarta. In 2014, he opened a second Yuz Museum, this time in Shanghai. At 90,000 square feet, the Yuz Museum Shanghai has plenty of room to house Tek’s holdings—even those giant installations that Tek says are so important to his collection. “[They] matter to me because they are three dimensional,” he has said. “Each dimension has a message. . . . There is something hidden, something unspoken, and something unclear.”

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