From the Art Basel Daily paper  BASEL. Budi Tek, the Indonesian-Chinese collector, has been shopping at Art Basel this week for an ambitious museum complex he is building in Shanghai. This is due to open in stages over the next decade. As Art Unlimited opened, Tek purchased the Fred Sandback installation Untitled, (Sculptural Study, Seven-part Right-angled Triangular Construction), 1982/2010, for just under $500,000 from David Zwirner and Verna (U20). Tek told us he was also interested in buying Dan Flavin’s 1972-75 installation nearby (Paula Cooper, U24). “I had a very intuitive reaction to those pieces,” he said. . 
Budi Tek plans to open a museum in China designed by Japanese architect Sou Fujimoto An acquisition budget for his museum Critics calls Indian government's elegies of M.F. Husain hypocritical The sixth edition of Design Miami/Basel is considered, confident and mature Theodora Vischer, the founding director of the Schaulager (2001-10) and, as of March this year, the senior curator-at-large at the Fondation Beyeler, selects her favourite works at Art Basel As prices rise and museum budgets shrink, collectors are playing an ever bigger role in public institutions Pierre Huyghe’s animatronic penguin that moves its head and wings in a creepily lifelike way, is proving a hit with cerebral and not-so-cerebral alike  all articles  video  It was standing room only at a crowded Art Basel on the VIP opening day. Guests were 'champing at the bit' to get in and be the first to see and potentially purchase the art work on display.There was a frenetic buzz around the fair today, seemingly more so than in recent years. Visitors from around the world decended on Basel which whilst it is growing as branded fair appears to be staying true to its roots. The Art Newspaper Magazine  Free with the June issue: Magazine on Venice and Basel – over 100 Biennale artists data. Subscribe now for online access to The Art Newspaper's magazine and the June issue. Subscribe for immediate access | 
