Chinese billionaire’s buying spree continues unabated

Liu Yiqian bought a Song Dynasty <i>guan</i> vase for $14.7m at Sotheby’s Hong Kong this week

Share

The Chinese billionaire Liu Yiqian bought an octagonal guan vase, dating to the Southern Song Dynasty (1127-79), for $14.7m on 7 April. The work will join the collection of the Long Museum in Shaghai, which Liu co-founded in 2012 with his wife Wang Wei. According to Sotheby’s, which hosted the single-lot sale in Hong Kong, this is the third-highest price paid at auction for Song Dynasty ceramics.

The vase is not Liu’s first record-breaking purchase: last month he spent $14m on an album of Buddhist art and calligraphy, dating to 1414, at a Sotheby’s auction in New York, while this past November, Liu secured a 600-year-old Tibetan silk thanka (tapestry) for $45m at a single-lot sale held by Christie’s in Hong Kong. And exactly one year ago, he spent $36.3m on the Ming Dynasty Meiyintang Chicken Cup, 1465-87, at another Sotheby’s single-lot sale in Hong Kong.

Liu Yiqian, a former Shanghai taxi-driver turned investor, is one of China’s wealthiest individuals. As well as founding the Long Museum in Shanghai, Liu is chairman of a chemical, pharmaceutical and financial services company, Sunline Group. His is listed as #1,533 on Forbes ranking of the world’s richest people, with a net worth of $1.44bn.

Share

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Read our Cookie Policy for more information.

Customise