Thursday, June 16, 2016

Liu Yiqian Snaps Up 36-Foot Gerhard Richter at Art Basel

By Henri Neuendorf
Liu Yiqian poses with his latest acquisition. Photo: Liu Yiqian via WeChat.
SWITZERLAND---Chinese art collector Liu Yiqian has added a massive Gerhard Richter painting to his collection. The billionaire posted a photo of himself posing in front of the German artist's 36-foot-wide 930-7 Strip on the popular Chinese social media platform WeChat. A friend of the collector, who did not wish to be identified, confirmed the purchase to artnet News. For him to buy an artwork, it has to be by a brand-name artist, and it has to be expensive. [link]