Adrian Cheng

It could be said that Adrian Cheng is following in his family’s footsteps. Aged thirty-five, he is part of an extensive business dynasty; his grandfather Yu-Tung Cheng, with an estimated fortune of $13.7 billion, occupies 76th place on the Forbes list. It was he who founded the family empire some eighty-five years ago, creating Chow Tai Fook Jewellery, a jewellery brand that has now also become a retailer, with 2,200 stores across China. Its market value? HK$ 107.6 billion. The family also owns New World Development Ltd, run by Henry Cheng Senior, a company with real estate assets that include shops, hotels and ports, among others. Third in line, Adrian therefore has little to worry about. After graduating from Harvard, followed by a long stay in Japan in 2002, where he learnt Japanese, the young man cut his teeth at Goldman Sachs then at UBS. In 2005, he returned to the family fold, becoming Executive Director of New World Development and Chow Tai Fook Jewellery. Adrian Cheng could have been satisfied with these top jobs, but this young magnate has a hobby: art. Priding himself on his painting, in 2009 he decided to combine it with his passion for business and launched a new concept in shopping centres: the K11. He notes that it is "the world's first original brand to pioneer the blend of three essential elements of art, people and nature", before going on to explain that "K11 aims to establish a community where culture, entertainment, shopping and life revolve around art". Like father, like son: success was on the cards. After Hong Kong, the concept was rolled out to other Chinese cities: Beijing, Guangzhou and Shanghai. It was the megalopolis of Shanghai that staged the "Master of Impressionism - Claude Monet" exhibition last spring, bringing together fifty-five works, including forty on loan from the Musée Marmottan in Paris. Adrian Cheng was delighted to stage the first exhibition in mainland China of works by the painter of the Water Lilies. It attracted 350,000 visitors. According to the New York Times, it included the Japanese Bridge, a canvas by the master that had been sold a month earlier by Sotheby's to an Asian collector for $15.9 million. Entrance to this exhibition was unusually set at 100 yuan (around €12) in order to cover the cost of transporting and insuring the works.



.Content - Number 42

Who but Picasso can boast of having seven museums named after him in Europe, no less? The one in Paris, the most important, is now re-opening in the Marais, renovated and redesigned after a long spell in purdah. The inaugural chronological hang devised by Anne Baldassari, the museum's former director, restores all the splendour of the works, inventiveness and constantly renewed career of this revolutionary in painting: a quintessential artist of the 20th century. "At the age of ten, I painted like Raphael, but it took my whole life to be able to draw like a child," said Picasso. The Hôtel Salé now has 37 rooms compared with the previous 20. "Three are devoted to Marie-Thérèse, whom my grandfather would wake up at night to show her what he had painted. Before, Picasso's women used to be an underground affair. Now they have moved to the upper floors!" smiles Olivier Picasso. Of the artist's many companions, Marie-Thérèse is the one who commands the highest prices in the market: in 2010, the "Nu au plateau de sculpteur" of 1932 topped the €86 million mark at auction… 

EVENT

Art Market Magazine

Gerhard Richter is as much in the limelight as ever, in both museums and auction rooms. He is the star of the upcoming Versailles Enchères sale with this painting of 1999, "Abstraktes Bild 857-1". Although he has expressed himself in many different forms throughout his career, trying his hand at sculpture and drawing, and integrating photography into his work, Richter sees himself primarily as a painter. 

UPCOMING

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The motto inscribed on this jade seal refers to a pavilion: a peaceful place where the Qianlong Emperor liked to withdraw. This could have been the Yue Xin Dian on the island in Beihai Park in Beijing, or an imperial residence, "the Jingyi Gardens" of Tianqin: a huge complex of pavilions and gardens laid out between 1744 and 1754. The stamp features in the collection of seals entitled "Qing dai di hou xi yin pu"

ASIAN SALES

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Maitre Osenat had never seen his auction room as packed as it was for this sale of part of the Napoleonic collections of Monaco's royal family. The total of €10 million taken over two days left the high estimate of €4 million far behind. Every nationality was represented, and collectors were far less reserved than usual, to the great surprise of some of the regulars. The happy winner of Napoleon's hat

RESULTS

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It could be said that Adrian Cheng is following in his family’s footsteps. Aged thirty-five, he is part of an extensive business dynasty; his grandfather Yu-Tung Cheng, with an estimated fortune of $13.7 billion, occupies 76th place on the Forbes list.It was he who founded the family empire some eighty-five years ago, creating Chow Tai Fook Jewellery, a jewellery brand that has now also become a retailer.

PORTRAIT

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After the ritual bronzes of the Meiyintang collection, the Musée National des Arts Asiatiques de Paris continues its exploration of Ancient China. "Splendor of the Han looks back over the epic period of the Chinese emperors who reigned from 202 BC to 220 AD over a huge territory only rivalled at the time by Rome. Staged to celebrate the 50th anniversary of diplomatic relations between France and China.

INTERVIEW

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Imaginary interview with Perugino. Fontignano, 1523. The master welcomes us to this small village, where he is decorating the parish church. Your maniera dolce has been praised throughout Europe. How do you explain this? When I arrived in Florence in 1470, I brought a type of sweetness from Umbria that contrasted markedly with the grandiloquent feel of the reign of Lorenzo the Magnificent.

FICTION

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Art Market Magazine Gazette International

December 2014 Edition

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