A boom in private museums funded by wealthy collectors is transforming the artistic landscape in Asia and filling the cultural vacuum left by penny-pinching governments, experts say.
Organizers of the Hong Kong International Art Fair (Art HK), which opened in the southern Chinese territory on Thursday, said the next Henry Tate or John D. Rockefeller Jr could be among the collectors perusing the pieces for sale.
Art HK advisory board member Philip Dodd, the former director of the Institute of Contemporary Arts London, said the growth of private museums was symbolic of the shift in economic power from West to East.
Photo: AFP
“For a short period these private museums are functioning as national museums, like the Met,” he said, referring to the Metropolitan Museum of Art in New York, which grew from the private collection of a railroad boss.
“As the power is moving East, there is a sense that China is moving from ‘Made in China’ to ‘Created in China.’”
Indonesian tobacco baron Oei Hong Djien, whose recently opened OHD Museum in the city of Magelang is intended as a de facto national gallery, was among the visitors to the Hong Kong fair.
Photo: AFP
“We do not have a national museum and the government is not taking steps in that direction, so we as private collectors have to take over that role,” he told a panel discussion, referring to his homeland of 240 million people. “In Indonesia, most or all of the private museums are funded by the main business of the owner, which is not related at all to art.”
The OHD Museum, which opened last month in central Java, is a trove of about 1,500 modern and contemporary pieces of Indonesian art, collected by 74-year-old Djin over five decades.
“My collection is like a national museum. It is very much historically orientated and that is because we don’t have a national museum from the government,” he said.
Photo: AFP
New York-based Art+Auction magazine recently placed another Indonesian private gallery owner, Budi Tek, eighth on a list of the 10 most influential collectors in the world.
Li Bing (李兵), who owns the Beijing He Jing Yuan Art Museum in the Chinese capital, said economic and social reforms since the late 1970s had unleashed a natural instinct for private collecting in China.
“In the past 30 years of reform the Chinese have gone back to this habit of collecting art and things of value, and this has a lot to do with our historic economic development,” he said. “The love for art and culture is something we all share. I would like to share my own passion and commitment with everyone.”
Wang Wei (王薇), who is rushing to open her private Dragon Art Museum in Shanghai in November, during the auspicious Year of the Dragon, said she began as a “housewife” with a plan to collect Chinese political art.
“I was thinking that I could collect in a systematic manner to reflect the history of that art,” she said. “I would like to develop a family-based, community-based and also female-dominated gallery.”
Lars Nittve, the former director of the Tate Modern Gallery in London, is now leading a state-backed project to develop a museum of contemporary art on the waterfront in Hong Kong, which will be known as M+.
He said there had been “exponential growth” in private museums in Asia, with hundreds of new spaces for art opening around the region in recent years. Hong Kong is third only to New York and London as an art auction center.
“If you go back 100 years or so [in the US] there was a sudden boom in culture, cultural facilities and museums and concert halls and so forth, and it happened at a certain stage in the economic development,” he said. “There are different drivers behind this, but of course it all needs finance to become a reality.”
Some of the Art HK merchandise bears the provocative slogan “Money Creates Taste,” a message private museum owners could be tempted to embrace.
However, Nittve said he disagreed that wealth created taste in the contemporary Asian art scene, despite the power of rich private benefactors.
“Many of the taste-creators are not the wealthiest,” he said. “The wealthiest are making use of the existing taste and want to be seen as having that taste, but they might not be the ones who created that taste.”
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure
RSS