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Reading about Swiss collector Uli Sigg's announcement he will donate the majority of his collection of Chinese contemporary art—believed to be the largest, most comprehensive in the world—to Hong Kong’s M+ Museum of Visual Culture, which is earmarked to open its doors in 2017, in the West Kowloon Cultural District. Under a part-gift, part-purchase arrangement, 1,463 artworks from the Sigg Collection—conservatively valued by Sotheby’s at HKD 1.3 billion (USD 163 million)—will be donated, while M+ has agreed to purchase a further 47 works, for the sum of HKD 177 million (USD 22.8 million): http://artasiapacific.com/News/MajorCollectionDonationToMWestKowloonCulturalDistrictSFutureMuseum
Reading about Swiss collector Uli Sigg's announcement he will donate the majority of his collection of Chinese contemporary art—believed to be the largest, most comprehensive in the world—to Hong Kong’s M+ Museum of Visual Culture, which is earmarked to open its doors in 2017, in the West Kowloon Cultural District. Under a part-gift, part-purchase arrangement, 1,463 artworks from the Sigg Collection—conservatively valued by Sotheby’s at HKD 1.3 billion (USD 163 million)—will be donated, while M+ has agreed to purchase a further 47 works, for the sum of HKD 177 million (USD 22.8 million): http://artasiapacific.com/News/MajorCollectionDonationToMWestKowloonCulturalDistrictSFutureMuseum
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This morning Lido