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Together, they recently bought the world’s largest collection of works by Ilya Kabakov (the priciest living Russian artist).Her collection is now legendary, containing thousands of mostly contemporary artworks.Today’s world is ever more globalized and increasingly interconnected—and that means the emergence of a new kind of multi-millionaire and billionaire with currency to spare (see The Top 10 Uber-Rich Art Collectors).Beyond their tendency to snap up properties of every shade, from penthouses to boats to businesses, this generation of tycoons, celebrities, and philanthropists are more regularly turning to another time-tested form of ritual consumption with a range of cultural benefits: art collecting.Richard Chang (United States) American-Chinese investment professional Richard Chang, the founder of the Domus Collection, is a trustee of the Royal Academy in London, a member of Tate’s International Council and its Asia-Pacific Acquisitions Committee, and a trustee of Mo MA PS1 and the Whitney Museum in New York, where he is also co-founder and chair of the performance committee.Dividing time between New York and Beijing, he is considered key in bridging Western and Asian art; he often sponsors special projects, such as Beijing-based artist Huang Ran’s feature film in 2013 (which was selected for the Palme d’Or at Cannes in 2014—see 31-Year-Old Artist Ran Huang Selected for Cannes’ Palmes d’Or), and Pipilotti Rist’s first exhibition in China, at the Times Museum in Guangzhou.Our roster of collectors features those who have been most active within the past 12 months and have shown a remarkable commitment to collecting.
To chronicle our times and these champions of the arts who hail from all corners of the planet and every possible background, artnet News has compiled the ultimate two-part list.
, a chair of the National Art Awards, and a former board co-chair of the Museum of Contemporary Art, Los Angeles (MOCA), got her start collecting modestly priced George Hurrell photos, and has always favored the work of idiosyncratic contemporary producers like Francesco Vezzoli and Mark Ryden.
Her husband Bill’s taste tends toward the more iconic, including works by Marcel Duchamp.
Irma and Norman Braman (United States) Since they began collecting in 1979—they fell in love with sculptures by Alexander Calder and Joan Miró at the Maeght Foundation in southern France, as the story goes—auto-industry magnate Braman and his wife Irma have built a veritable empire of modern and contemporary art.
Dividing their residences among France, Colorado, and Florida, the couple helped establish Art Basel in Miami Beach in 2002, and they are now single-handedly funding the design and construction of South Florida’s newest major museum, the Institute of Contemporary Art, Miami.