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Apr 29 2021, 4:46 PM
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(Bloomberg) Andy Warholâs âLittle Electric Chairâ is among artwork thatâs at the heart of a fight between a private equity giant and a one-time Chinese restaurant tycoon.
(Bloomberg) Andy Warholâs âLittle Electric Chairâ is among artwork thatâs at the heart of a fight between a private equity giant and a one-time Chinese restaurant tycoon.
The $10.5 million piece from Warholâs 1960s âDeath and Disasterâ series on the underbelly of American consumerism and an $18.6 million untitled painting by Martin Kippenberger from 1988 are on a list of assets CVC Capital Partners hopes to seize from Zhang Lan as compensation for a failed investment in her restaurant chain, South Beauty.
Warhol’s Electric Chair Entangled in China Private Equity Fight
Bloomberg 4/29/2021 Benjamin Robertson
(Bloomberg) Andy Warhol’s “Little Electric Chair” is among artwork that’s at the heart of a fight between a private equity giant and a one-time Chinese restaurant tycoon.
The $10.5 million piece from Warhol’s 1960s “Death and Disaster” series on the underbelly of American consumerism and an $18.6 million untitled painting by Martin Kippenberger from 1988 are on a list of assets CVC Capital Partners hopes to seize from Zhang Lan as compensation for a failed investment in her restaurant chain, South Beauty. © Getty Images Andy Warhol Unlimited Exhibition : Press Preview At Musee D Art Moderne