New Chinese Art Collection to Showcase at the Guggenheim

New Chinese Art Collection to Showcase at the Guggenheim

 

The Guggenheim in New York City is currently expanding its collection in order to focus more on the evolving, complex nature of Chinese identity. Richard Armstrong, who has previously worked for other prestigious American institutions, such as the Carnegie Museum of Art and the Whitney, publicly announced in Hong Kong that the New York Guggenheim will showcase seven Chinese artists.

While this white colored rotunda has had its fair share of exhibitions, this is a precious moment for this Guggenheim branch to further indicate their ever growing, eclectic global collections.

The various artists come from the Robert H.N.Ho family Foundation, which has an initiative that primarily focuses on guiding and cultivating the potential for Chinese artists. Based in Hong Kong, this foundation’s mission is centered around the notion of art development to be one of the main cornerstones in overall societal growth.

With less than a year for these artists to make their creative mark in the New York Guggenheim, the museum’s collection will actually be completed for the public during the beginning of November. Chinese artists such as Sun Yuan and Peng Yu have been chosen by Richard Armstrong to exhibit their work that focuses on their nation’s history, ever changing political atmosphere and specifically how these factors contribute to their identity.

Both Sun Yuan and Peng Yu are especially appealing to the NYC Guggenheim because they are currently at a very unique, transitional phase in their careers as artists who have not yet peaked in their professional field, but are not necessarily new to the scene. The expected work that will display this iconic, white spiraled museum will traverse a wide array of forms, ranging from visual clips to large installations throughout the gallery.

In addition to an exhibition focusing on the work from contemporary Chinese artists, the Guggenheim is also in the process of acquiring art from the 1980’s-1990’s. According to Alexandra Munroe, the museum’s Asian art curator, art from this era is experimental and outlandish in nature, offering a very different, more visually intriguing side complementing contemporary Chinese art.

Interestingly enough, this show is expected to be the most extensive art collection of this nature to have grace a US based museum. Although there are limited details as to when or what this exhibition would specifically entail, it is clear that Chinese artists will be on the rise on the American art scene in the years to come.

China Reveals Top Collectors of Art

Christie’s Asia+:First Open 2014, Hong Kong, October 2014In recent year, art collectors have been popping up over the world, many spending millions to secure collections of art which are deemed priceless around the world.

Forbes claimed the top three collectors in China as,

Eric Chang, Deputy Chairman of Christie’s Asia and International Director of Christie’s Asian 20th Century and Contemporary Art Department; Nick Simunovic, Director of Gagosian Gallery Hong Kong and Bao Yifeng, co-founder of Art021 art fair, and of the Chinese Young Collectors’ Council, an upscale organization connecting young collectors in China.”

These three are expected to spend anywhere from $100,000 upwards to $1 million on their art collections. They are also gaining notoriety as credited art collectors who are buying up collections which until recently seemed invaluable.

All three collectors explained that over the past 18-24 months, the youth has gotten extremely involved in purchasing art collections in China, and the numbers investing is still on the rise. Even though art buying has a social standard attached with it, it is still a family discussion and decision at the end of the day. The judgement and respect of elders still plays a major role before any purchase, but the youth is beginning to gain more power in buying.

Even though the youth has a tight budget compared to their elders when making a personal buy, they are becoming smarter in terms of buying and sending the art to exhibits to display. They understand the value and are slowly beginning to grasp what is popular and what is a good buy for the price.

The potential for youth to grow out of their families shadows is growing daily, and the youth could run the collection game very shortly once the reigns are handed over from the elders.

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