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

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)