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ARTnews publishes its list of the world's 200 top art collectors in its July edition

10 July 2012

NEW YORK, NY.- Who are the art world’s biggest spenders on art? According to the 22nd annual ARTnews 200, the Top Ten are:

  • Hélène and Bernard Arnault
  • Debra and Leon Black
  • Edythe L. and Eli Broad
  • Pierre Chen
  • Alexandra and Steven A. Cohen
  • Jo Carole and Ronald S. Lauder
  • Dimitri Mavromatis
  • Philip S. Niarchos
  • François Pinault
  • Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani

The ARTnews 200 list––which includes notable names in fashion, entertainment, finance, technology, media, and real estate––is compiled byARTnews correspondents in 22 countries who interviewed collectors, dealers, auctioneers, museum directors, curators and consultants. It appears in the magazine’s Summer issue, on newsstands July 10.

A record 22 collectors––more than 10% of the total list––are new to the ARTnews 200 this year, including: María Asunción Aramburuzabala, CEO of Tresalia Capital and Vice Chairman of Grupo Modelo (maker of Modelo, Pacifico and Corona beers); hedge funder Israel Englander and his photographer wife, Caryl; Fidelity Investments CEO Edward “Ned” Johnson III; perfumers Florence and Daniel Guerlain; lobbyists Heather andTony Podesta; Wella haircare heir Sylvia Ströher and her husband, Ulrich; Doha-based philanthropist Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani; and Chinese financier Liu Yiqian and his wife, Wang Wei.

Also new to this year’s list: Venture capitalist and E! Entertainment founder Jarl Mohn and his wife, Pamela; German realtor Peter W. Klein and his wife, Alison; INTRAV founder and CEO Barney Ebsworth; Toll Brothers founder Robert Toll and his wife, Jane; and Russian investor and AS Monaco Football Club owner Dmitry Rybolovlev.

Others on the list: jeweler Laurence Graff; venture capitalists and philanthropists Barbara and John Vogelstein; Tadashi Yanai, owner of the global apparel retailer Uniqlo; François Pinault, who runs the luxury goods company PPR; AllianceBernstein chairman Peter Kraus and his wife, Jill; Walmart heiress Alice Walton; and Ukrainian businessman and philanthropist Victor Pinchuk.

Contemporary art continues to be the most popular kind collected by the ARTnews 200: 84% collect contemporary art; 37% collect modern art; 14% collect Postwar art/Abstract Expressionism (up from 10% last year); 8% collect Impressionist/Post-Impressionist art; 8% collect Old Masters. 6% collect Decorative arts (furniture, design, textiles, ceramics). In addition, 5% collect African/tribal/ primitive art. American art is collected by 11%; 6% 2collect Asian art; 6% collect Austrian/German art; and 4% collect Latin American art.

Although many on the ARTnews 200 have multiple homes, 97 collectors have their primary residence in the United States (a 7% drop from last year). Germany has 21 collectors (a 40% increase from last year) – Germans make up 30% of those new to the Top 200. Switzerland has 14 collectors; the U.K. and France each count 10 collectors; Belgium boasts five collectors as residents.

New York is the primary residence of 36 of the ARTnews 200. London has nine collectors; Paris counts eight; Miami counts seven Top 200 collectors as primary residents. The Los Angeles area counts six collectors; San Francisco counts five; Berlin and Dallas/Ft. Worth each count four collectors.

Milton Esterow, Editor and Publisher of ARTnews, said that the consensus among dealers and auctioneers is that “increasingly the art market is a global market. New collectors keep emerging from many countries, including China, Indonesia, India, Russia and South America. But experts say that Americans are still driving the market in a huge way.”

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Source: ARTdaily