A1 Journal article (refereed)
Foreign (In)Direct Investment in Chinese Contemporary Art Game : The Case Studies of Uli Sigg, Guy Ullens and beyond, 1989-2013 (2021)


Wang, S. (2021). Foreign (In)Direct Investment in Chinese Contemporary Art Game : The Case Studies of Uli Sigg, Guy Ullens and beyond, 1989-2013. Journal of Arts Management, Law, and Society, 51(5), 291-306. https://doi.org/10.1080/10632921.2021.1918597


JYU authors or editors


Publication details

All authors or editors: Wang, Shuchen

Journal or series: Journal of Arts Management, Law, and Society

ISSN: 1063-2921

eISSN: 1930-7799

Publication year: 2021

Publication date: 30/07/2021

Volume: 51

Issue number: 5

Pages range: 291-306

Publisher: Routledge

Publication country: United Kingdom

Publication language: English

DOI: https://doi.org/10.1080/10632921.2021.1918597

Publication open access: Openly available

Publication channel open access: Partially open access channel

Publication is parallel published (JYX): https://jyx.jyu.fi/handle/123456789/77676


Abstract

The boom in Chinese contemporary art is the result of China’s opening to foreign investment and private entrepreneurship in 1978, and the significant contribution by the transnational art enterprises of long-term patron-investor-collectors, such as Uli Sigg and Guy Ullens, between approximately 1989 and 2013. Through the opportunity offered by the gap between the private market mechanism and national heritage process for the “art game”, these investors used a variation of the controversial “Saatchi model” to generate high ROI. A further effect has been to bring CCA onto the global stage and complete the ecosystem of the art industry, building a foundation for the art economy of post-Mao China.


Keywords: art trade; contemporary art; internationality; investors; foreign investments; national culture; cultural heritage

Free keywords: Chinese contemporary art; art industry infrastructure; foreign (in)direct investment; Saatchi model; Sigg, Uli; Ullens, Guy; art game; heritage process


Contributing organizations


Ministry reporting: Yes

Reporting Year: 2021

JUFO rating: 2


Last updated on 2022-20-09 at 15:38