Liu Yiqian

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Liu Yiqian
Born 1963/1964 (age 52–53)[1]
Residence Shanghai, China
Nationality Chinese
Occupation investor
Known for Chairman of Sunline Group
Net worth US$1.38 billion (November 2015)[1]
Spouse(s) Wang Wei
Liu Yiqian
Simplified Chinese
Traditional Chinese

Liu Yiqian (Chinese: 刘益谦; pinyin: Liú Yìqiān, pronounced [ljǒu îtɕʰjɛ́n], born 1963/1964) is a Chinese businessman and art collector who built his fortune by investing in stock trading, real estate[2] and pharmaceuticals.[1]

Business[edit]

Liu is chairman of Sunline Group, a Shanghai-based investment company[3] As of 2010, the value of his real estate properties have increased to $10 billion yuan (US$ 1.6 billion) over the past 19 years.[4]

In 2004, Liu established the companies Tianping Auto Insurance and Guohua Life Insurance. In April 2013, Tianping formed a joint venture with AXA.[5]

According to Forbes, as of July 2015, Liu has a net worth of US $1.37bn. He ranked as the 163rd wealthiest individual in China and 1,533rd wealthiest in the world.[3]

Art collecting[edit]

In April 2014, Liu paid HK$281.24 million (US$36.3 million) for a 500-year-old Ming dynasty doucai chicken cup.[6][7]

In March 2015, he paid HK$348 million (US$45 million) for a 600-year-old Tibetan embroidered silk thangka (tapestry). It was a record high price for a Chinese work of art sold by an international auction house.[8][9] Later that month, he bought an antique Tibetan bronze yogi sitting in the lotus position at an auction at Sotheby's in New York.[8]

In April 2015, he paid US$14.7 million for a Southern Song-era vase.[10]

In November 2015, he bought Italian painter Amedeo Modigliani’s Nu couché (1917–18), a widely known painting of a reclining nude woman, for US$170.4 million, the second-highest price for an artwork at auction, in a volatile sale at Christie's in New York.[11] He paid for the painting with his American Express credit card.[12]

References[edit]

  1. ^ a b c "Liu Yiqian". Forbes. 1 January 1970. Retrieved 11 November 2015. 
  2. ^ NRC Handelsblad, Oscar Garschagen on Chinese museums and collectors of art. Page C4 10 juli 2014
  3. ^ a b "Liu Yiqian" (in Japanese). Forbes. 1 January 1970. Retrieved 11 November 2015. 
  4. ^ "Top 10 figures influencing the stock market". Chinadaily.com.cn. Retrieved 11 November 2015. 
  5. ^ Xu Donghuan (22 April 2014). "‘Uncultured’ multi-billionaire is China’s biggest fine-art collector | South China Morning Post". Scmp.com. 
  6. ^ Kun, Zhang (25 July 2014). "Collector pays $36 million for tea cupLife Style". China Daily Asia. Retrieved 11 November 2015. 
  7. ^ "‘Uncultured’ multi-billionaire is China’s biggest fine-art collector | Times of News from China". China.timesofnews.com. 22 April 2014. Retrieved 11 November 2015. 
  8. ^ a b Frederik Balfour (16 April 2015). "The Expensive Antics of China's Gaudiest Billionaire – Bloomberg Business". Bloomberg.com. Retrieved 11 November 2015. 
  9. ^ "Chinese Billionaire Liu Yiqian Adds $45 million Thangka To His Art Collection". Forbes.com. 26 November 2014. Retrieved 11 November 2015. 
  10. ^ Napolitano, Dean (7 April 2015). "Southern Song Dynasty-Era Vase Sells for $14.7 Million at Sotheby’s Auction". WSJ. Retrieved 11 November 2015. 
  11. ^ Connor, Neil (10 November 2015). "Meet the Chinese billionaire behind the record Amedeo Modigliani purchase". Daily Telegraph. Retrieved 10 November 2015. 
  12. ^ "Billionaire buys $170M painting with credit card". 23 November 2015.