Buying in Bulk, Hotelier Born Bets on Chinese Contemporary Art – Katya Kazakina
Chinese contemporary art has become a way for American collectors and investors to tap into China’s booming economy. The first contemporary Asian art auction in New York fetched $13 million at Sotheby’s Holdings in March, setting 20 world records for individual artists — some of whom have works in Born’s hotel display.
The trademark toothy smile of a Yue Minjun ÔºàÂ≤≥ÊïèÂêõÔºâcaricature self- portrait greets visitors at the lobby entrance. In the mezzanine, you’ll find several cartoonlike oil paintings of Chairman Mao by Li Shan(ÊùéÂ±±), a pop-art “Motorola” canvas by Wang GuangyiÔºàÁéãÂπø‰πâÔºâ and a woodblock print of a camouflage-patterned head by Fang Lijun(ÊñπÁ´ãÂùá). [full text]