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
