13 Asia-based art collectors crack 2012 ARTnews global top 200

A comparatively low number of Asia-based collectors in the 2012 ARTnews top 200 list may indicate that the Asian region still has a lot of potential for art market growth.

On 26 June 2012, ARTnews released their 2012 200 Top Collectors list as well as a list of the top ten collectors in the world. Below we have listed all of the Asian buyers who are leading the region in art patronage and, by extension, art education and research.

Chinese-Indonesian collector Budi Tek plans to open a private museum, the De Museum, in Shanghai in 2013.

Chinese-Indonesian collector Budi Tek plans to open a private museum, the De Museum, in Shanghai in 2013.

Given the attention the Asian collector class has attracted in the past decade, it is perhaps surprising that only thirteen made the list, less than ten percent. Two Asian figures made the top ten: Taiwan’s Pierre Chen and member of the Qatari royal family, Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani. ARTnews did not give specific rankings, nor did they describe the criteria by which they determine their top collectors.

Below we have listed all of the Asian collectors by nationality, as well as the artwork they predominately buy. Visit ARTnews for the full list of the top 200 international collectors.

Hong Kong

Taiwan

  • Pierre Chen, Taipei, modern and contemporary art
  • Frank Huang, Taipei, Chinese porcelain; Impressionist and modern painting

Turkey

  • Halit Cingillioglu, Istanbul, Impressionism; postwar, modern, and contemporary art
  • Suna and Inan Kiraç, Istanbul, orientalist painting; Anatolian weights and measures; Kütahya tiles and ceramics
Japanese billionaire art collector Soichiro Fukutake.

Japanese billionaire art collector Soichiro Fukutake.

Japan

  • Soichiro Fukutake, Okayama, Impressionism, contemporary art
  • Tatsumi Sato, Hiroshima, contemporary art; primitive art; antique textiles
  • Tadashi Yanai, Yamaguchi City, modern and contemporary art

Republic of Korea

China

  • Budi Tek, Shanghai; Jakarta, Indonesia, international contemporary art, especially Chinese and Western
  • Wang Wei and Liu Yiqian, Shanghai, ancient and contemporary Chinese art
Sheikha Al Mayassa bint Hamad Al Thani, Chairperson of the Qatar Museums Authority. Image from pinchukfund.org.

Sheikha Al Mayassa bint Hamad Al Thani, Chairperson of the Qatar Museums Authority. Image from pinchukfund.org.

Qatar

 

The Economist recently polled 2000 wealthy collectors and found that only ten percent listed investment as their primary goal in buying art, whereas seventy-five percent cited “enjoyment”. The report also details the significant social aspect of participating in the art market, from the excitement and camaraderie of auctions and fairs to the psychology of collection booms.

In Asia, the psychology of collecting seems to have a strong societal element. High-profile art marketeers like Budi Tek and Liu Yiqian often build private museums to bolster their status as leading tastemakers, as well as giving back to the public. These institutions also provide the kind of art education typically offered by public museums and art institutions in the West.

Are there any notable Asian collectors that the list might have overlooked? Leave us a comment with your thoughts below.

PR/KN

Related Topics: business of art, art investment, collectors, market transparency

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Comments

13 Asia-based art collectors crack 2012 ARTnews global top 200 — 2 Comments

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