The German collector Torsten Broehan (Torsten Bröhan) sold his design collection. It was bought by the China Academy of Art (CAA) to be part of a new design museum in Hangzhou.
Source: http://usa.chinadaily.com.cn/business/2011-06/03/content_12637344.htm
Source: http://usa.chinadaily.com.cn/business/2011-06/03/content_12637344.htm