Zhongjun's $29.9M Art Buy
Wang Zhongjun · Paid $29.9 Million for a Picasso Portrait from the Goldwyn Collection
$29.9 millionCould have fed
273,059
hungry kids for a whole year
No Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. No Kid Hungry, What your dollars can do
Huayi Brothers cofounder Wang Zhongjun bought Picasso's 1948 Femme au chignon dans un fauteuil for $29.9 million at Sotheby's.
Or it could have
- 5,436
lives from malariaGiveWell estimates its top charities save a life for $3,000 to $5,500. We use the higher figure: $5,500, the cost through Against Malaria Foundation bed nets. GiveWell, How much does it cost to save a life?
- 273,059
hungry kids for a whole yearNo Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. No Kid Hungry, What your dollars can do
- 747,500
people clean drinking watercharity: water: about $40 funds clean water for one person, on average, in rural communities. charity: water, How much clean water will my donation provide
- 1,676
homeless veteransAt the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. U.S. Census Bureau median gross rent, via USAFacts
- 838
families escaping abuse a safe home for two yearsThe federal transitional housing program for survivors pays market rent for up to 24 months. At the U.S. median rent of $1,487 a month (Census, 2024), that is about $35,688 per family. U.S. DOJ Office on Violence Against Women, Transitional housing
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The purchase: Los Angeles Times, May 2015; Artnet News, May 2015. The full story on Rich vs Reality →