Issue/73/
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THE POINT

Capitalizing on Communism

By ANDREW COHEN

Illustration by Sun An

 Art-world insiders in China are divided over the moral and cultural implications of the most important collection of contemporary Chinese art ever to hit the auction block. Many are claiming Guy Ullens reneged on a promise to donate his collection to China, while others argue it doesn’t matter whether he did or didn’t make that promise—a person is free to change his mind.

Further fueling the debate is Ullens’ announcement that he’s looking to divest himself of his recently built Ullens Center for…

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