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A tale of two philanthropies: why private foundations differ in London and Paris

Two new private philanthropic art spaces have opened in London this month: YDP (Yan Du Projects) in Bedford Square, founded by Chinese patron Yan Du, and Ibraaz in Fitzrovia, funded by Tunisian-Swiss banker Kamel Lazaar and run by his daughter Lina Lazaar. YDP focuses on Asian and Asian diasporic art, while Ibraaz centers art of the "global majority," featuring works like Ibrahim Mahama's installation and a library by the Otolith Group. Both founders, in their early 40s, represent a younger generation of patrons prioritizing social impact over legacy.

A tale of two philanthropies: why private foundations differ in London and Paris

Two new private philanthropic art spaces have opened in London this month: YDP (Yan Du Projects) in a Georgian townhouse on Bedford Square, founded by Chinese patron Yan Du, and Ibraaz in Fitzrovia, funded by Tunisian-Swiss investment banker Kamel Lazaar and run by his daughter, curator Lina Lazaar. YDP focuses on Asian and Asian diasporic art, while Ibraaz showcases art of the "global majority," featuring works like Ibrahim Mahama's installation and a library by the Otolith Group. Both philanthropists, in their early 40s, aim to foster community and support underrepresented voices. Meanwhile, in Paris, the Fondation Cartier has relocated to a vast Haussmann building opposite the Louvre, joining other luxury-brand-funded museums like the Fondation Louis Vuitton and the Pinault Collection, highlighting a contrasting model of grand-scale cultural philanthropy.

A tale of two philanthropies: why private foundations differ in London and Paris

Two new private philanthropic art spaces have opened in London this month: YDP (Yan Du Projects) in Bedford Square, founded by Chinese patron Yan Du, and Ibraaz in Fitzrovia, funded by Tunisian-Swiss banker Kamel Lazaar and run by his daughter Lina Lazaar. YDP focuses on Asian and Asian diasporic art, while Ibraaz showcases art of the "global majority," featuring works like Ibrahim Mahama's installation and a library by the Otolith Group. Meanwhile, Paris has seen the opening of the Fondation Cartier's vast new museum opposite the Louvre, joining other luxury-brand-backed institutions like the Fondation Louis Vuitton and the Pinault Collection.

yan du project billy tang artistic director 1234753246

London-based nonprofit Yan Du Project (YDP) has appointed Billy Tang as its artistic director, effective this month, ahead of the opening of its new home in a Grade I-listed townhouse on Bedford Square this October. Tang, who was born in London to Vietnamese refugee parents, returns to the city after serving as executive director and curator at Para Site in Hong Kong, and previously held curatorial roles at Magician Space in Beijing and Rockbund Art Museum in Shanghai. YDP is the second nonprofit founded by ARTnews Top 200 Collector Yan Du, following the Asymmetry Foundation launched in 2019.

chinese collector to open new non profit art space in londons bloomsbury district 1234743128

Chinese collector and philanthropist Yan Du will open Yan Du Projects (YDP), a new nonprofit art space in London’s Bloomsbury district this October. Housed in a Grade I-listed 18th-century Georgian townhouse on Bedford Square, YDP will host site-specific commissions, exhibitions, artist residencies, and public events focused on artists from Asian backgrounds. The opening show features Chinese painter Duan Jianyu, and the first artist-in-residence is Bangkok-based Harit Srikhao. Hong Kong-based BEAU Architects designed a modular "suitcase project" interior to respect the building’s listed status.

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Art Collaboration Kyoto announced 72 exhibitors for its fifth edition, with 25 first-time participants. Patti Wong, former Sotheby's executive, launched New Perspectives Art Partners with Ed Dolman, Brett Gorvy, and others. Art Fair Tokyo's 20th edition saw sales of ¥2.86 billion, down 10% from last year. Lisa Horikawa and Mizuki Takahashi were appointed co-curators of Japan's pavilion at the Venice Biennale. The Sharjah Art Foundation named Angela Harutyunyan and Paula Nascimento curators of the 17th Sharjah Biennial. YDP, a new non-profit space in London, will open with a solo show by Duan Jianyu. At Sotheby's London, Yu Nishimura's painting sold for £292,100. Hong Kong collector Adrian Cheng resigned from New World Development's board.