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 editorsWang, Shuchen

Journal or seriesJournal of Arts Management, Law, and Society

ISSN1063-2921

eISSN1930-7799

Publication year2021

Publication date30/07/2021

Volume51

Issue number5

Pages range291-306

PublisherRoutledge

Publication countryUnited Kingdom

Publication languageEnglish

DOIhttps://doi.org/10.1080/10632921.2021.1918597

Publication open accessOpenly available

Publication channel open accessPartially 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.


Keywordsart tradecontemporary artinternationalityinvestorsforeign investmentsnational culturecultural heritage

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


Contributing organizations


Ministry reportingYes

Reporting Year2021

JUFO rating2


Last updated on 2024-03-04 at 19:56