The Expensive Antics of China’s Gaudiest Billionaire

Liu Yiqian has conspicuously ignored the official kibosh on ostentatious shows of wealth

Billionaire art collector Liu Yiqian stands on top of the Long Museum West Bund in Shanghai on March 28, 2015.

Photographer: Frederik Balfour/Bloomberg

President Xi Jinping’s austerity drive has sent China’s high rollers running for cover, emptying casinos and golf courses as vin ordinaire becomes the new Chateau Lafite. Billionaire art collector Liu Yiqian doesn’t seem to have gotten the memo.

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