Liu Yiqian (Chinese: 刘益谦; pinyin: Liú Yìqiān, pronounced [li̯ǒu̯ îtɕʰi̯ɛ́n], born 1963/1964) is a Chinese businessman and art collector who built his fortune by investing in stock trading, real estate and pharmaceuticals.
Business Liu is chairman of Sunline Group, a Shanghai-based investment company
As of 2010, the value of his real estate properties have increased to $10 billion yuan (USD $1,613,970,528.90) over the past 19 years.
In 2004, Liu established the companies Tianping Auto Insurance and Guohua Life Insurance. In April 2013, Tianping formed a joint venture with AXA. According to Forbes, as of July 23, 2015, Liu has a net worth of USD$1.37 billion. He ranked as the 163rd wealthiest individual in China and 1,533rd wealthiest in the world. Art collecting In April 2014, Liu paid HK$281.24 million (USD$36.3 million) for a 500-year-old Ming dynasty cup. In March 2015, he paid HK$348 million (USD$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. Later that month, he bought an antique Tibetan bronze yogi sitting in the lotus position at an auction at Sotheby’s in New York.
On April 7, 2015, he paid USD$14.7 million for a Southern Song-era vase. In November 2015, he bought Italian painter Amedeo Modigliani’s Nu couché, a widely-known painting of a reclining nude woman, for $170.4 million, the second-highest price for an artwork at auction, in a volatile sale at Christie’s in New York.
He paid for the painting with his American Express card.
Chinese art collector Liu Yiqian has added a massive Gerhard Richter painting to his collection. The billionaire posted a photo of himself posing in front of the German artist’s 36-foot-wide 930-7 Strip on the popular Chinese social media platform WeChat. A friend of the collector, who did not wish to be identified, confirmed the purchase to artnet News.
The eccentric Liu and his wife Wang Wei have a reputation for openly exhibiting their wealth, and they are not shy about showing off their purchases. The couple are among the most prolific collectors in Asia, and founded the Long Museum in Shanghai to showcase their blue-chip acquisitions. Liu’s collecting habits are well documented. For him to buy an artwork, it has to be by a brand-name artist, and it has to be expensive.