Friday, June 3, 2016

Confessions of a First Time Art Collector: Edward Zeng

By Rozalia Jovanovic
Yves Klein, Untitled Blue Monochrome (IKB 108). Image: Courtesy of Christie's
NEW YORK---I met with collector Edward (Qiang) Zeng on May 12, two days after he made a splash with his purchase of Yves Klein's Untitled Blue Monochrome (IKB 108), at Christie's postwar and contemporary art evening sale. He picked up the painting for $3.3 million (just above its $3 million low estimate). But more noteworthy than the price was the fact that it was the first work of art he had ever bought. "In Chinese philosophy, you have to be empty to get something. If you have a teapot, and you leave old water in overnight, you'll never drink fresh water. Empty it first. Then you drink fresh tea. When you become empty and let other people share with you then you become developers of the ecosystem." [link]

Edward Zeng with his art adviser Vanessa Guo, director at Hauser and Wirth. Image: artnet News.