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Collector Budi Tek reveals big vision for Shanghai

New Yuz Museum will be located in a 8,000 sq m. building with plans to swiftly expand

Shanghai

The Chinese-Indonesian collector Budi Tek revealed his vision for, and motivation behind creating, the Yuz Museum, also known as the De Museum, in Shanghai during a panel discussion at Art Basel in June. Due to open next year, it will be housed in a Soviet-designed 8,000 sq. m industrial building in the southern Xuhui District, which is being converted by the Japanese architect Sou Fujimoto. Tek said he plans to add 12,000 sq. m in a second phase within five years of opening, “and hopefully a third” after that. He said he chose to build the museum in Shanghai partly because “if I’m the first, I will leave my name in the history of art of China”. To fill the vast space, he has bought large-scale works by artists such as Ai Weiwei and Western artists including Maurizio Cattelan.

Originally appeared in The Art Newspaper as 'Collector reveals big vision for Shanghai'

Appeared in The Art Newspaper Archive, 237 June 2012