Chinese-Indonesian collector, founder of the Yuz Foundation
This year Budi Tek has spent some of his fortune and much of his time on architecture to house his art: in Shanghai in mid-December, he will hold the soft opening of the Yuz Museum, with the inaugural show dedicated to the local community, featuring works – from more than 1,500 in his collection – created by local artists or related to the local context. These will include Xu Bing’s Tobacco Project (1999–), a newly purchased ($3 million) painting by Liu Ye and a commissioned work from abstract painter Ding Yi.
In Jakarta he is creating what he calls a ‘museum-type office’ by relocating his company and the Yuz Museum to a new space; of this, an area of more than 1,000sqm will be reserved for a permanent exhibition. Via his not-for-profit Yuz Foundation, Tek continues in his role as a patron, funding Asia Art Archive, the Indonesian Pavilion at the Venice Biennale and Zeng Fanzhi’s retrospective in Paris.