Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

China Movie Studio Head Wang Zhongjun Revealed as Sotheby’s Van Gogh Buyer

November 6, 2014 by Marion Maneker

Huayi Brothers Media CEO Wang Zhongjun

Reports filtered out yesterday that the buyer of Sotheby’s van Gogh still life, a work described by Simon Shaw as a global picture, was purchased by Wang Zhongjun. The Wall Street Journal brought it all together:

A Chinese movie mogul bought a Vincent van Gogh painting for $61.8 million at a Sotheby’s BID -0.71% New York auction, in what is believed to be the highest price paid overseas for Western art by a Chinese collector.

Wang Zhongjun bid over the phone on Tuesday evening, according to a person close to the matter. Mr. Wang, one of China’s richest men, founded Huayi Brothers Media Corp. in 1994 with his brother. The Shenzhen-listed company, which produced major blockbusters such as Journey to the West, has a market cap of $4.7 billion

China Movie Mogul Wang Zhongjun Buys Vincent Van Gogh Painting for $61.8 Million  (WSJ)

More from Art Market Monitor

  • Christie’s Scores a Second Malevich for JuneChristie’s Scores a Second Malevich for June
  • Monet, Morisot & van Dongen from Lambrecht-Schadeberg Collection Announced for Christie’s in LondonMonet, Morisot & van Dongen from Lambrecht-Schadeberg Collection Announced for Christie’s in London
  • Become an Antiques MasterBecome an Antiques Master
  • Happenings: Credit Crisis EditionHappenings: Credit Crisis Edition
  • M+ Tests Hong Kong’s Political Speech Freedoms with Sigg Collection ShowM+ Tests Hong Kong’s Political Speech Freedoms with Sigg Collection Show
  • Swann African-American = $2.3mSwann African-American = $2.3m

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Rare Photo Album by Dutch Street Photographer Bought at Auction by Rijksmuseum
  • Christie's Announces $70m Picasso Self Portrait
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Tony Podesta's Secret Art Buying
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor