By David Hulme & Brigitte Banziger, on 13-Jun-2012

At a press conference at Art Basel, Swiss-born Dr. Uli Sigg announced the donation of 1463 artworks by 350 Chinese artists from his collection to M+, the future museum of visual culture opening in 2017 in Hong Kong. The Sigg collection is universally recognised as the largest, most comprehensive and most important collection worldwide of Chinese contemporary art from the 1970s to today.

Dr. Uli Sigg, Dr. Lars Nittve and Michael Lynch (from left) discuss the donation of the majority of the Sigg collection of Chinese contemporary art worth US $ 163 million to a single museum at a media conference at Art Basel. Painting projected: Wang Guangyi, Mao Zedong: Red Grid No. 2 1988

Australians will get their own preview of this extraordinary gift a lot sooner this year in an exhibition at the National Portrait Gallery in Canberra. The show is titled Go Figure – Contemporary Chinese Portraiture from the Sigg Collection and will run from 12 September 2012 to 15 January 2013.

The collection comprises major works by leading artists, among them Ai Weiwei, Wang Guangyi, Xu Bing, Yue Minjun and many younger generation artists. Under a part gift / part purchase agreement, M+ acquired a further 47 works from Dr. Sigg’s collection for US$ 22.7 million, in a move similar to other international museum acquisitions, through which the recipient institution shows its commitment to the collection. 

Uli Sigg said he had realised in the 1990s that no-one was collecting Chinese contemporary art systematically, neither individuals nor institutions in China or internationally. He decided to change his approach and collect like an institution, that is to document the art production of China from the 1970s to today, along the timeline and across all media, rather than according to his personal taste as a private collector.

This has now resulted in one of the largest and most valuable donations of artwork ever made to a single museum, Michael Lynch explained. Australian Lynch is CEO of the West Kowloon Cultural District Authority, the body supervising the largest arts and cultural project in Hong Kong which will include 17 cultural venues and 30,000 square meters of space by 2020.

We suggested to Dr. Sigg that the market for Chinese contemporary art had largely been driven by Westerners such as himself. Would he believe that this collection now put on public display would influence mainland Chinese collectors who tend to focus on more traditional forms of Chinese art? He answered that the impact of the collection could be interpreted in various ways, and that one side effect of this could well be influencing collectors in their perceptions and purchasing.

And why is the donation going to Hong Kong rather than Bejing or Shanghai? Mainland China has still a rather strict and censorious approach to art, as the artist Ai Wei Wei is currently experiencing. Understandably, Dr Lars Nittve, the executive director of M+, is thrilled by this donation of an outstanding body of work to the permament collection of the yet to be built museum. He pointed out that this museum-quality collection was of global significance, as the period 1979-2009 in China was a unique moment in art history. It would now be impossible to build a collection similar in depth, scope and quality, as many works from the 1980s were destroyed (neither collectors nor institutions showed interested then), and the recent boom in Chinese contemporary art would have put them out of reach.    

500 works of the Sigg collection – or 30 % of the art shown – are slated to be on permanent display at the future M+.

About The Author

Brigitte Banziger and David Hulme are the principals of Banziger Hulme Fine Art Consultants, established since 2003. With their combined experience of over 40 years, they provide private collectors as well as companies and public institutions with independent expert art valuations. In addition to their appraisals for insurance, family law, deceased estates and market values, they assist clients with transparent advice when buying or selling an individual artwork or an entire collection, for some of Australia’s most significant private collectors. David Hulme is an approved valuer for the Australian Government’s Cultural Gifts Program, and both Brigitte and David are members of the Art Consulting Association of Australia, where David served as President from 2015 to 2019. David Hulme is a regular art market critic and commentator on the Australian art market and has been interviewed by numerous media, including the 'Australian Financial Review', 'The Australian' and 'The Sydney Morning Herald'. He has also been interviewed on Network 10’s 'The Project', on the ABC’s Radio National Breakfast show with Hamish MacDonald, the ABC’s 'The Business' program amongst many others.

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