The 15 Biggest Art Collectors in the World Right Now

we're always hearing about art collectors seeing them in the movies and so on and so forth but do you really know who are the biggest art collectors right now in the world well if you don't today we are talking about the 15 biggest art collectors in the world right now it is well known that oil tycoon J Paul Getty was exceedingly parsimonious with his money in order to prevent guests from making expensive international calls he put dialogues on all the regular phones in his sari estate and he failed to pay his grandson's ransom for so long that the kidnappers delivered his ear in the mail yet he still spent Millions on artwork and millions more in the construction of the Getty museum in Los Angeles he was afraid of flying so he never even visited the gallery his wealth endowed with all he described himself as an incurable art collecting addict claiming that he has tried to break the Habit multiple times but had major relapses however Getty wasn't the only one who has gone to extremes to fulfill his art collecting compulsions throughout history people have hunted fritted away their money and even stolen it to fill their portfolios but what drives these art connectors what makes them tick purchasing artwork is not the same as collecting it buying art is more of a recreational activity based on flavored selections at any one time while collating art is a conscious focus a long-term Endeavor from the beginning of art making it has been widely held that art may be used to perpetrate personalities of both the artists and the buyers the best approach to comprehending the fundamental motivation behind art collecting is to perceive it as a tool to develop and strengthen social relationships as well as a mechanism for collectors to exchange information about themselves and their world go back to when you were a child and you'd show off your collection of baseball cards to the new kid on the block by saying I'm a fan of Mickey Mantle you establishing a connection with him and conveying and little information about yourself the same holds when it comes to Art collecting so let's talk further about collecting art in the area of Fast Change most people think that the most impressive and expensive art collections in the world belong to royalty and Wealthy Nobles but since the Medici family in the 15th century Bonafide art acquisition has been intertwined with trade commercial magnate and Merchants from Rockefeller and Carnegie and the other U.S industrial Titans to Diamond Traders in Europe art has been largely at the backing Court of the wealthy for a long time thanks to collectors such as Guggenheim Getty Gertrude Vanderbilt and Catherine the Great we have the chance to study the work of renowned artists from around the world in addition to ensuring that information is not lost collecting art also has the power to shape how history is taught and shared nevertheless this field is an unstable Arena that requires imagination a good sense of taste the ability to network financial resources and an entrepreneurial Spirit as as a result today's Elite connectors use their fortunes from businesses such as Finance real estate retail and on rare occasions as members of European nobility to purchase art and diversify their portfolios but more precisely who are they keep watching to find out who are the 15 biggest art collectors in the world right now starting at number 15 we have Harry yanto adiquesoma harryante adikosomo is the president of akr a business that his father founded and is a Pioneer in the distribution of chemicals and energy as well as the development of upscale real estate developing museum makan has been a long cherished stream for Attica Soma however his early attempts to collect art were Swept Away during the Asian financial crisis of 1997 and 1998 when his family lost practically everything to keep creditors at Bay he was obliged to sell his most precious artwork including a Renoir and a Picasso once the economy began to revive in the early 2000s ADI kasoma was able to repay the loans and restart the family business ever since he has been an active member of the Indonesian art scene as well as an influential figure on the international stage his collection of 800 pieces includes the work of such big names such as Jeff Coons Andy Warhol Mark rothko and Gerhard Richter as well as work by lesser known but widely admired Indonesian artists such as srihadi sodarsano and thanks harsona and afandi revealing Attica stone with eye for valuing art ahead of the market at 14 we have some nobility the prince of mission sign over the course of several centuries the prince of Liechtenstein compiled one of the world's most significant private art collections beginning with the purchase of a Reuben in 1643. since then his family has been acquiring an impressive array of prices artwork what more do you need to believe in the family's undying and love of the Arts the princely collections which number close to 1 600 paintings and feature Classics from the early Renaissance files to the second half of the 19th century include masterpieces by artists such as Rafael Anthony Van Dyke Rembrandt Lucas Clan at the Elder Francis Rudolph Von alt Hans McCart and Quentin masses among others number 13 the al-nayan family since 1793 the al-nayan family has served as Abu dhabi's rulers presently the family is worth approximately 300 billion dollars mostly thanks to the area's natural riches despite having a population of just above 1 million five hundred thousand the city-state has nine percent of the world's oil reserves and slightly under 5 of the natural gas reserves nevertheless that is not the reason they are included on this list they're here thanks to shakes I had been Sultan bin Khalifa al-na yand involvement with sadiat Island the largest single Consortium of world-class cultural resources including a law of designed by Jean novel and Guggenheim expected to be completed in 2025. the Louvre Abu Dhabi is the largest museum of its kind in the Arabian Peninsula with a display space measuring 86 000 square feet the unique idea for the exhibition looks at the connections between societies and cultures that at first glance seem to be far apart in time and space in other words by opening The Landmark Museum the arteryad family brought together the United Arab Emirates aspiration for cultural progress and transparency with forex's experience in the art keeping field at number 12 we might have one that may surprise you and that is Microsoft Microsoft is the only company on this list with a Monumental art collection of more than five thousand pieces spread out across 180 distinct locations the focus is on International contemporary art from the last few decades which is on display for the enjoyment of Microsoft employees guests and customers the company allocates a fraction of its annual revenue to Art it employs a curator whose primary responsibility is to acquire works by modern artists who are either just starting or are in the middle of their careers artists included in the collection range from Chuck close at Takashi murakami to Cindy chairman as corporations have become increasingly dependent on their Public Image and as the concept of art is a financial tool gains momentum major Global businesses may turn into the biggest rivals in the forthcoming art scene this is definitely a sign that things are moving in a good direction number 11 Damian has the British Artist Damien has is recognized by his belligerent views on beauty and death in the early 1990s he was a leading figure in the young British Artist group that also included Liam gillick Tracy Emin and Sarah Lucas when at London's goldsmiths his work attracted the attention of shahsachi who quickly became a patron of his art blending a rebellious perspective with an unwavering aesthetic sense he has produced some of the most iconic and challenging artworks of the past three decades thereby redefining art within contemporary culture in 1991 Sachi financed the debut of her's career by exhibiting the physical impossibility of death in the mind of someone living a massive glass case housing a formerly preserved Australian tiger shark in 2012 he exhibited that would become one of the most divisive Works in decades the project in and out of love later in 2015 Hertz opened the Newport Street Gallery and did something he had always wanted to do show people in London art from his own collection as it is in much of his work the central theme is death The Collection is primarily British but it does feature Pieces by Andy Warhol and Jeff Coons number 10 Roman Abramovich and Dasha zukova a wealthy politician and entrepreneur Roman Abramovich is widely regarded as one of the most prominent Russian only Gods he became famous as the former owner of the English football club Chelsea but also because he runs the private investment company Milhouse LLC his reported net worth of 8.2 billion dollars is a far cry from his modest origins in Lithuania by the time you turned 30 he had risen so quickly through the ranks of business that he was already a partial owner of the Oil Corporation sidneyft it comes as no supplies that he is also a big player in the global Arts Market Dasha took over who is in charge of the garage Center for contemporary culture most likely influenced abramovich's artistic preferences they are both particularly fond of Ilia kabakov but also of such luminaries such as Lucian Freud and Francis Bacon reported purchases include Lucian Freud's benefit supervisor sleeping at Christie's New York for 33.6 million dollars and a 1976 Francis Bacon Trifecta at Sotheby's New York where Chris 86.3 million dollars which at the time established a new record for the most expensive item of post-war art that was auctioned off number nine Danielle turiani after reading about the life of Italian collector and businessman Danielle turiani whose name frequently pops up in art hierarchies and headlines throughout the world it becomes clear that his passion for the Arts runs deep in the family in addition to running a successful hotel in Tuscany his grandfather was also an amateur painter he became friends with famous painters like Lucia Fontana Marina Marini arenato gutuso Stars Young Daniel was raised in a house filled with masterpieces by these artists moreover his mother's profession as an interior designer allowed her to further impress upon him the importance of these things after graduating with a degree in art history in 1996 then Neil began his career in public relations for his father's company his employment put him in touch with a myriad of art collectors who encouraged him to pursue a career in the field after relocating to London in 1998 he began working as a private art dealer in 1999. Danielle is now in charge of the successful art business JT art asset where he helps clients from all over the world by Art he uses Instagram to actively seek out and purchase works by other artists to add to his own and his clients collections number eight a person that has already been mentioned in this video but now gets his section of his own child Sachi despite his undeniable prominence in the art World Charles said she continued to shroud himself in mystery he is notoriously reclusive declining to participate in even an episode of his own television show Sachi was born to Jewish parents in 1943 in Iraq but a family made to relocated to London where his father started a successful textile business no doubt working in the industry had a profound impact on a young saatchi's outlook on design but she carried with him throughout his formative years even though he had some early failures in the business World in 1970 he and his brother Maurice found the thriving advertising agency Sachin Sachi which eventually became the largest company of its kind in the world buying up competitors like we buy groceries when he finally made it to the United States he saw a Jackson Pollock work at the Museum of Modern Art in New York and said it was life-changing the wrestlers they say is history amid his company's meteoric rise to prominence he purchased a massive vacant Warehouse in London and converted the space into a gallery he filled Versace Gallery with pieces from his large Personal Collection which included works by artists like Anson Kiefer Donald Judd and Andy Warhol in 1985 he made it available to the General Public number 7 Bernard Arnold the French collector Bernard Arnold who also happens to be the CEO of the luxury goods Behemoth lvmh has a network that places him third on the Forbes billionaire list after only Elon Musk and Jeff Bezos or sometimes even in front of them he was born in 1949 in the northern French industrial city of kuber after earning his engineering degree from eccle Polytechnic in Paris he joined the family company in 1971 however he shifted his Focus to luxury products and in 1984 he acquired the nearly insolvent textile company Busa which at the time controlled Christian Dior since 1989 he has hell's control over lvmh and due to his aggressive strategy he has earned the moniker the wolf in Kashmir and who doesn't know about his rivalry with franchise Pinot this animosity has expanded to business philanthropy and art collecting easily fitting a book's Pages a as per art Net News Cloud Monet's painting of Charity cross Bridge was the first artwork he purchased he kept adding to his collection over the years focusing on the connection between modern artists and the second half of the 20th century relying mostly on Blue Chip art the Jean-Michel Basquiat is just one of the important names number 6 Steve Cohen Steve Cohen a well-known and controversial Trader is also one of the most passionate art lovers in the world he manages nearly 10 billion dollars of his own money through 0.72 his family business his art collection includes works by Picasso Andy Warhol and Jeff Coons and is valued at roughly 1 billion dollars a lot of korean's collection is spread out between 0.72's offices in New York City London and Stanford the artworks are moved among those workplaces about once a quarter a procedure that begins in the afternoon and can last all night the pieces are so nonchalantly distributed around the halls that employees brush up against them nonetheless the billionaire not only purchases our work from gagu sienne cristies and sothbees but also from other collectors and even likes to go to understated Studios and look at paintings by younger artists of course it's a bummer when work prevents you from appreciating your own collection number five Francois Pinot the most successful stories are usually emerge from humble beginnings the year was 1963 and Francois Pino's first job was chopping wood rapidly developing his expertise he expanded his logging operation into a thriving Timber Trading Company in 1988 it went public on the French stock market he is now worth 40 billion dollars since then the Pino group now identified as caring has purchased the rest of the Gucci Group which includes Gucci Stella McCartney Alexander McQueen Balenciaga and Saint Laurent among his various Holdings are Puma the French football team stayed on Earth The Chateau Vineyard and a world-class art Connection in addition Pino is also the owner of Christie's one of the most prestigious auction houses in the world his first acquisition was the 8.8 million dollar Tableau Los Angeles II by priet Mondrian since then he has amassed an unparalleled collection of more than 3 000 watts of modern and Contemporary Art a range of over 200 works from his art collection including works by Mark rotko Lucio Fontana Damien Hurst and Jeff Coons estimated that over 1.4 billion dollars are on display at the Palazzo graci in Dennis number four Philip nyarkos when he passed away in 1996 nyad was to see Nia left behind a massive Fortune of almost 5 billion dollars and a collection of masterpieces it includes the world's finest private collection of Van Gogh's possibly pal gorgian's most valuable Opera and private hands Riders on the beach Picasso's self-portrait in Yo and El Greco's Exquisite pieta Philip niarcos who inherited The Collection has expanded it with post-war and modern pieces including those by Andy Warhol and Maurizio Catalan he added a self-portrait by Jean-Michel Basquiat for then recorded 3.3 million dollars in 1982 an astounding amount that was much higher than any other work by Basquiat had ever sold for auction forward 2013 and busquets dust heads was in the news again when the niaricos family auctioned it us for 48.8 million dollars much above expectations and number three we have Eli Broad and Edith broad Eli Broad is a self-made billionaire who is sometimes referred to as the Lorenzo de Medici of Los Angeles for his extensive charitable giving over the past half century the boards have amassed a sizable modern and post-war artwork collection under the premise are the best art collections are built when the art is being created the boards began to purchase Contemporary Art however their passion stretches back to 1973 they purchased Van Gogh's Carver blush or semarie later they acquired a few more works by Miro Picasso and Matisse the broad Art Foundation is home to an impressive collection brimming with works by prominent contemporary artists such as Jasper Jones Yayo kusama Robert rauschenberg and Ed rushka as well as significant photography collection and a growing presence of younger artists moreover Eli and Edith broad founded a museum in Los Angeles where visitors can see pieces from their collection at no cost it's a remarkable act of selflessness that fits with broad's balanced view of wealth he's one of the billionaires who have signed the giving pledge committing to give away half their fortunes number two David Geffen David Geffen once said my mother taught me not to get hustled she clearly trained him well and given he owns the largest art collection who could argue with his reputation as the most astute Art Market investor born in Brooklyn to Jewish immigrants Geffen is a College Dropout with dyslexia who used a false UCLA degree to obtain his first mail room drop fast forward to today and he owns one of New York City's prices apartment and previously sold the Jack L Warner estate to Jack Bezos for 165 million dollars a then record prize for a Los Angeles property over the years he has also ganned a remarkable collection of art which features Pieces by such luminaries as Jasper johns or William D crooning and Jackson Pollock though he has parted with two of his most prized Works Pollux number five and the kuning's woman 3 for 277 million dollars he still owns several in late 20th century artwork with his donation of 150 million dollars to the Los Angeles County Museum of Art in 2017 the largest gift in the Museum's history the billionaire further Drew attention to his charitable efforts shampoo Mr Geffen and top of our list for today and number one we have Ezra and David and David nahmad are two brothers who jointly own the most significant and valuable art collection in the world believe it or not their plan of action is straightforward maximize profits how buying a large quantity of our work storing it for a time and then reselling it for a hefty income this ruthless single-minded attitude towards art has earned the nahmoud's brow beating Fame in the art world and the level to which they approach art as a commodity to be waged and traded on has offended many art collectors however business is business and with a background in Investment Banking it is hardly shocking while calling either New York City or Monte Carlo home Esra and David nahmad keep their collection in a warehouse close to Geneva airport according to estimates the storage facility houses around 5000 works of art with a total market value of over 3 billion dollars are just a few of the more than 30 A-list artists in ahmad's collection which also includes over 300 picassos and is estimated to be worth more than one million dollars most people look up to well-known art collectors as authorities who shape the future of the hobby by establishing norms and Trends thus the reputation of famous art collectors tend to parallel that of The Works they collect Ergo collecting should originate from a place of personal Instinct and the key is to choose the items you find most meaningful as the passion behind the collection is what people notice first that's it for today over here at lunch static we hope you enjoyed this video if you did don't forget to give us a thumbs up and subscribe and we'll see you next time over here at luxatic thank you [Music]

Channel: Luxatic

Views: 11,446

Keywords: biggest art collectors, art, art collectors, largest art collections, art collection

Id: SUUgKktfK1E

Length: 22min 16sec (1336 seconds)

Published: Sun May 21 2023