Upcoming Ullens auction at Sotheby’s Hong Kong as a start for new Chinese collectors and as UCCA new foundation?
Essentially, Ullens appears to see the coming sale as a positive thing for the cultivation of newer art collections in China. After the sale, which is expected to raise millions, Ullens will be able to put UCCA on a stronger foundation, while simultaneously seeding dozens of new art collections throughout mainland China and Hong Kong. Considering the pace at which wealthy Chinese new collectors are building private museums and important collections this historical auction could be a start for many. To read the article “Why the upcoming Ullens Auction is important for Chinese Collectors“.