Thursday, May 17, 2012

Evolution of Artur Walther and Budi Tek as top collectors

One common thread that binds the world’s top collectors, as is evident, is their keenness to institutionalize their rich and vast collections.

A renowned German-American collector focused on publicly exhibiting and promoting contemporary photography and video art since the late 1990s, Artur Walther studied at Harvard Business School. He served as a general partner at Goldman Sachs till his retirement. Simultaneously, he started collecting photography and established The Walther Collection.

The collection is open to the public at its Neu-Ulm, Germany based museum campus as well as its Project Space in the New York City. Instead of acquiring works of the well-established artists, he looks for those names typically respected in their home countries, albeit yet to attain global recognition. Of course, once he turns his attention to them, fame and name is far away such is the charisma of the savvy collector.

Budi Tek hardly bothers about the frenzy people get into over the money part of it all, like the wave he created after buying a work by Zhang Xiaogang for a whopping $ 6.7 million at a 2010 Sotheby's auction. For him, all that matters is the work's critical discourse. This maverick collector’s portfolio runs into over a thousand pieces, spanning across the genres of installations, video works, paintings, public sculpture, and photographs.

Chinese contemporary art is a favorite with this an Indonesian Chinese agribusiness owner. His journey as a collector began with a Balinese sculpture almost a decade ago. Beyond sheer love for art what drives Budi Tek is his determination to guard the ‘national treasures’ and to create an educative enriching and lasting  experience. His collection in a way depicts the Chinese contemporary art’s evolution.

He is also keen on Malaysian, Japanese and Arabic art. Tek also has an Anish Kapoor and a Subodh Gupta in his kitty, though the collector concedes he has some catching up to do before focusing on contemporary Indian art. Cultural philanthropy forms the core of his life mission, and wants the ‘rich and mighty’ to take interest in art. His Yuz Foundation aims to form a network of museums and art spaces in Shanghai, Beijing, Jakarta, and Bali.

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