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Kevin Ching (left), CEO of Sotheby's Asia, and Wang Zhongjun at the presentation ceremony of Van Gogh's still-life, Vase with Daisies and Poppies. [Photo provided to China Daily] |
Self-made billionaire and art collector Wang Zhongjun, 56, is an ambitious man. The chairman of Huayi Brothers Media aims to profit not only from China's flourishing entertainment industry but also by trading in art.
Wang signed a strategic cooperation agreement on June 22 in Beijing, through which Huayi Brothers Venture Capital, an affiliate of Wang's media enterprise, will establish an art-auction house in Shanghai jointly with Beijing Poly International Auction and Tianchen Times, a Beijing-based cultural corporation, which Wang co-founded.
A regular bidder at auctions, Wang says he has been collecting art for nearly 20 years, and the Shanghai auction house, which will be set up by the end of the year, will stage its inaugural auction in 2016 and two sales annually from the following year.
He says that the new company will also offer art-related financial services and products.
The signing ceremony was attended by high-ranking executives of the State-owned China Poly Group Corporation, including its chairman Xu Niansha. It also attracted the media, art collectors and artists, such as Zeng Fanzhi and Ai Xuan, whose paintings are fav
