Billionaire Liu Yiqian Reveals $6M Annual Loss at Shanghai's Long Museum West Bund
Billionaire collector Liu Yiqian disclosed a $6 million annual operating loss at the West Bund location of his Long Museum in Shanghai. This financial detail emerged in an art market report on China commissioned for TEFAF and authored by Kejia Wu. Liu, renowned for spending $170.4 million on Amedeo Modigliani's 1917–18 painting 'Nu Couché', discussed the broader costs of his collecting passion. The Long Museum, which has two venues in Shanghai curated by his wife Wang Wei, continues to exhibit selections from the couple's collection of over 2,000 traditional and contemporary Chinese and international artworks. In a notable 2023 program, the museum presented American artist Mark Bradford's first institutional exhibition in China, titled 'Los Angeles', which was well-received in Shanghai.
Key facts
- Liu Yiqian is a billionaire art collector.
- He spent $170.4 million on Modigliani's 'Nu Couché' (1917–18).
- He revealed a $6 million annual loss at the Long Museum's West Bund outpost in Shanghai.
- The Long Museum has two locations in Shanghai.
- The museum is curated by Liu's wife, Wang Wei.
- The couple's collection exceeds 2,000 works of traditional and contemporary Chinese and international art.
- In 2023, the Long Museum hosted Mark Bradford's first Chinese institutional show, 'Los Angeles'.
- Kejia Wu authored a TEFAF-commissioned art market report on China featuring Liu's comments.
Entities
Artists
- Liu Yiqian
- Wang Wei
- Amedeo Modigliani
- Mark Bradford
Institutions
- Long Museum
- TEFAF
Locations
- Shanghai
- China
- West Bund