Art Museum Sold To Investors In Beijing (Wait, What?)

The parent company of the Ullens Center for Contemporary Art (UCCA) in the Chinese capital was purchased last week by a group of investors. “The museum’s founders, Guy and Myriam Ullens, announced that the UCCA was up for sale in June 2016, fuelling concerns about the future of what has become one of mainland China’s leading private art institutions since it opened in November 2007.”