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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)

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