ULI SIGG DONATES NEARLY 1,500 WORKS TO HONG KONG MUSEUM

The West Kowloon Cultural District Authority announced today that Swiss collector Uli Sigg has given a donation of 1,463 artworks to the permanent collection of M+, Hong Kong’s museum of visual culture, set to open in 2017. The donated collection is estimated to be worth $163 million. M+ has purchased an additional forty-seven works from Sigg’s collection, at a total cost of $23 million. Said Sigg, “In the early 1990s I realized that nobody was collecting Chinese contemporary art even remotely systematically—neither individuals nor institutions in China or abroad. That seemed odd for the biggest cultural space in the world, and for what will be in hindsight a very important period. So I decided to change my approach and collect like an institution would: documenting the art production of China from day one to today—along the timeline, across all media, rather than according to my personal taste as a private collector would.”