Chinese collectors’ works to be featured in upcoming sales
- Four works from Liu Yiqian and Wang Wei’s collection to be included in Sotheby’s sales
- Shanghai-based couple known for vast art collection and founding the Long Museum
- Three works to be offered in The Now Auction, one in the Contemporary Evening Auction
- Marlene Dumas’s Love your Neighbor, Kerry James Marshall’s Plunge, and Jenny Saville’s Shift among the works
- Gerhard Richter’s Strip also being offered
- Plunge and Shift guaranteed to sell
- Marshall and Saville paintings previously set records for the artists
- Dedicated evening sale in Hong Kong fell short of expectations
Four works owned by Chinese collectors Liu Yiqian and Wang Wei will be offered at Sotheby’s later this month in New York. The Shanghai-based couple, known for their vast art collection and the founding of the Long Museum, will have three works included in The Now Auction and one in the Contemporary Evening Auction. The works include Marlene Dumas’s Love your Neighbor, Kerry James Marshall’s Plunge, Jenny Saville’s Shift, and Gerhard Richter’s Strip. Plunge and Shift are guaranteed to sell, as they have irrevocable bids. The Marshall and Saville paintings previously set records for the artists. However, a dedicated evening sale in Hong Kong earlier this fall fell short of expectations.
Factuality Level: 8
Factuality Justification: The article provides information about the upcoming auction of four works owned by Chinese collectors Liu Yiqian and Wang Wei at Sotheby’s. It includes details about the works being offered, their estimated prices, and the previous records set by some of the artists. The article also mentions a previous auction in Hong Kong that fell short of expectations. Overall, the article provides factual information about the auction and the collectors’ art collection.
Noise Level: 3
Noise Justification: The article provides information about four works owned by Chinese collectors Liu Yiqian and Wang Wei that will be offered at Sotheby’s. It mentions the artists, the estimates, and the previous records set by the couple’s purchases. It also briefly mentions a previous auction in Hong Kong that fell short of expectations. However, the article lacks depth and analysis, and it does not provide any actionable insights or explore the consequences of the auction on the art market or the collectors themselves.
Financial Relevance: Yes
Financial Markets Impacted: Art market
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the sale of artworks owned by Chinese collectors, which is relevant to the art market. There is no mention of any extreme event or its impact.
Public Companies: Sotheby’s (BID)
Private Companies: Long Museum
Key People: Liu Yiqian (Collector), Wang Wei (Collector)
Reported publicly:
www.barrons.com 
