Zhang Lan was convicted of fraudulent asset transfer; artwork valued at 29.1 million US dollars was seized ( including video )

WealthCoffee · 2026-03-28T13:54:39+00:00

On March 24, 2026, an American court ordered the seizure of two famous paintings purchased by Zhang Lan in New York, with a total auction price of $29.1 million. In 2013, CVC Capital acquired 82.7% of Zhang Lan's restaurant brand Qiao Jiang Nan for approximately $286 million.

WealthCoffee

2026-03-28 13:54:39

Abstract generation in progress

**　【Caixin Global】** On March 24, 2026, the U.S. District Court for the Southern District of New York ruled to seize two artworks that Zhang Lan won at Christie’s New York in 2014—Andy Warhol’s Little Electric Chair and an untitled self-portrait by Martin Kippenberger—for a total hammer price of $29.10 million.

In December 2013, La Dolce Vita Fine Dining and its holding company (together, the “CVC side”), controlled by the established European private equity firm CVC Capital, acquired 82.7% of the equity in the Qiaojiangnan dining restaurant chain from Zhang Lan and the entities it controlled for a consideration of approximately $286 million.

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