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Recently, it was revealed that Ma Weidu, a well-known figure in the Chinese art world, has donated his private museum after running it for 15 years. The museum is now under the management of the Communist Party, not his son. For reporters, paying tribute to Ma Weidu is no easy task. Despite being renowned for his collection, he doesn’t view his current holdings as something extraordinary.
Ma Weidu remarked, “With an unstable stock market and limited real estate investment opportunities, investing in art has become a new growth area. However, I don’t think this trend is driven by cultural enthusiasm. It’s more about shifting investments. This isn’t really collecting—it’s speculation. China’s national strength doesn’t align with such high-priced art pieces. For instance, a Qing dynasty blue-and-white vase sold for 550 million yuan recently, nearly reaching the price of the most expensive artworks in the world. I bought a similar piece in 1987 at Liulichang Market for over 400,000 yuan, which is now worth more than 1,000 times that amount. Unlike real estate, which is a necessity, art is a luxury. There's a saying: when you have money, art is the last thing to come into your home; when you’re short on cash, it’s the first to go. I don’t encourage people to invest in art recklessly. Instead, I believe in raising people’s cultural awareness and refining their approach to consumption.â€
When asked about how he started his journey, Ma Weidu shared that he began collecting long before others showed interest in it. Over the past two decades, he not only built an impressive collection but also accumulated significant wealth. Reflecting on his experience, he compared collecting to stock trading: “I always try to see the bigger picture. Once the overall direction becomes clear, many details fall into place. That’s the key.â€
He also advised collectors not to chase trends blindly. “Throughout history, collecting has been a personal passion, not just a way to make money. It should remain a hobby, not a purely commercial pursuit,†he said.
Ma Weidu’s insights offer a thoughtful perspective on the evolving relationship between art, investment, and culture in modern China. His legacy continues to inspire both seasoned collectors and newcomers alike.
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