Buying Art Is Like A Drug Addiction
Or any other addiction but you just can’t escape it and would never want to also because it seems to be a good habit for a wise investment. Beijing-based businessman Zhang Rui is a smart person with great business sense. Rather than resurrect images of Chairman Mao, China’s latest generation of emerging artists often tackle issues like consumerism and urban development.
“Buying Art Is Like A Drug Addiction,” Zhang Rui says. The billionaire now owns a vast collection featuring 800 pieces of contemporary art works, known to be one of the country’s largest art private collections. The home of Zhang Rui, a collector and patron of the Arts, in Beijing. Mr Zhang is a telecommunications executive whose home was inspired by the Guggenheim.
The Chinese entrepreneur, who has mainly derived his wealth from telecommunications industry, has majorly invested in buying Chinese art. Unlike the Mainland Chinese collectors Wang Wei and her husband Liu Yiqian, who have amassed a $317 million art collection all in a span of just two years, Zhang Rui started investing in art before the art market boomed in China in early 2005.