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Heng Ren Partners Demands Sinovac Distribute $8.9 Billion in Cash to its Shareholders and Cause Reinstatement of Trading

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BOSTON, March 20, 2025 /PRNewswire/ — Sinovac Biotech Ltd. (NASDAQ: SVA) (“Sinovac”) shareholder Heng Ren Partners, LLC funds (“Heng Ren”) today sent an open letter to Sinovac’s shareholders outlining the significant and decisive action that Sinovac’s Board of Directors must take to create liquidity and release cash to shareholders. Specifically, Heng Ren demands that Sinovac’s Board of Directors announce a distribution of $8.9 billion in cash to its shareholders and cause the resumption of trading of the Company’s shares.

The full text of the letter follows:

March 20, 2025

Dear Fellow Sinovac Shareholders:

Like you, we are shareholders in Sinovac Biotech Ltd. (“Sinovac” or the “Company”).  Heng Ren Partners, LLC (“Heng Ren”) manages funds that have held Sinovac shares since 2018.  Heng Ren has long believed in the Company’s business and its potential, and Heng Ren’s conviction was borne out by the Company’s incredible success with the CoronaVac vaccine.  In 2019, before the COVID-19 pandemic, the Company’s revenues were $246 million with income of $39.8 million.  By 2021, revenue soared to more than $19 billion with profits of $8.5 billion.  That incredible increase in profits and value should have been shared with us—Sinovac’s shareholders and owners.  It was not.

Unfortunately, the Company did not share its meteoric success with the shareholders.  Despite raking in massive amounts of cash—Sinovac has been sitting on more than $10 billion in net cash and cash equivalents for more than three years—the Company did not make a single distribution to shareholders.  Instead, it appears that Sinovac subsidiaries distributed billions of dollars to other entities while Sinovac common equity shareholders got nothing.  Furthermore, litigation resulted in the suspension of Sinovac trading on NASDAQ for more than six years, preventing shareholders from trading during the Company’s massive transformation.  That trading suspension continues through today.  In short, shareholders were handcuffed from selling their shares at the peak of the Company’s success and the Company failed to make any distributions.

On January 16, 2025, Sinovac announced that the litigation was resolved and on February 28, Sinovac announced that a new board of directors was appointed.  The Company also announced that the new board was committed to achieving the resumption of trading.  But more than three weeks have passed, and the new board has not communicated to shareholders any concrete steps or timeline.  More importantly, the Board has not told us, the shareholders, when it will distribute the billions of dollars of hoarded cash to us, the shareholders, its rightful owners.

Heng Ren calls for Sinovac’s Board to take decisive and immediate action.  Specifically, Heng Ren has identified the following acts that the Board must take:

1.  Distribute Cash.  The Board should distribute $8.9 billion of the Company’s approximately $10.3 billion in net cash and short-term investments to all shareholders, with a record date for such distribution that is prior to the resumption of trading.

  • This distribution is long overdue. For more than three years, the Company has been sitting on more than $10 billion in net cash or cash equivalents all while shareholders were prevented from trading. This money should be distributed to the shareholders now—especially given that, from 2021–2024, Sinovac’s subsidiaries distributed cash dividends totaling $2.7 billion while common shareholders like us got nothing. If shareholders like us had been paid their share of these dividends, an additional $3.9 billion in dividends would have been distributed to us. Another $5.0 billion in excess cash also should be distributed as long overdue dividends to shareholders. The Company still would be well capitalized. Dividends should have record dates prior to the resumption of any trading.

2.  Reinstate Trading.  After announcing a plan to distribute cash to shareholders, the Company must take all action necessary to cause the resumption of trading of Sinovac’s shares on NASDAQ.  The Board must immediately take and disclose all steps that it is taking to make this happen.

  • The Board must inform shareholders of a clear timeline as to when the trading of Sinovac’s shares will resume on NASDAQ.
  • The Board must prevent any trading, by Company management or otherwise, of Sinovac’s shares until full disclosure is made of the Company’s financial condition and other material information.

3.  Provide a Full Accounting.  Shareholders are entitled to all information necessary to determine which additional actions, if any, are warranted.

  • From 2021–2024, Sinovac’s subsidiaries paid out $2.7 billion in dividends to minority shareholders. The precise context surrounding the payment of these dividends is unspecified and unknown, but Sinovac’s common shareholders received nothing. Sinovac shareholders are entitled to a full and complete accounting of these and any other distributions to entities or parties other than Company shareholders.
  • Shareholders are entitled to information regarding all related party transactions entered into by the Company or any of its subsidiaries, on the one hand, and any member of the prior board or any entity controlled or affiliated with any member of the prior board, on the other hand.

There should be little doubt about the value of Sinovac’s shares.  In its most recent holdings filing with the U.S. Securities and Exchange Commission (SEC), OrbiMed Advisors LLC, a large and well-respected biotech and life sciences fund family, which owns 3.8% of Sinovac, reported the value of its Sinovac stake at $333.9 million, or $122.85 per share. Not the price of $6.47 frozen since the trading halt in 2019.

https://www.sec.gov/Archives/edgar/data/1055951/000117266125001136/xslForm13F_X02/infotable.xml

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With the resolution of the litigation and the appointment of the new board, the Company must act with transparency and urgency to distribute cash with a record date prior to the resumption of trading, resume trading of Sinovac’s shares, and provide an accounting to the Company’s shareholders.  We urge our fellow shareholders to demand that the new Board take these actions.

About Heng Ren:

Heng Ren Partners is a Boston-based asset management firm investing in Chinese companies.  Ropes & Gray LLP is serving as its legal counsel.

Any shareholder may obtain additional information or contact Heng Ren
at https://www.hengreninvestment.com and click “Sinovac Fairness.”

 

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Cognizant to Deploy Neuro AI Platform to Accelerate Enterprise AI Adoption in Collaboration with NVIDIA

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Cognizant will offer solutions across key growth areas, including enterprise AI agents, tailored industry large language models and infrastructure with NVIDIA AI.

TEANECK, N.J., March 25, 2025 /PRNewswire/ — Cognizant (NASDAQ: CTSH) announced advancements built on NVIDIA AI aimed at accelerating the cross-industry adoption of AI technology in five key areas: enterprise AI agents, industry-specific large language models (LLMs), digital twins for smart manufacturing, foundational infrastructure for AI, and the capabilities of Cognizant’s Neuro® AI platform to integrate NVIDIA AI technology and orchestrate across the enterprise technology stack.

Cognizant is working with global clients to help them scale AI value efficiently, leveraging extensive industry experience and a comprehensive AI ecosystem comprising infrastructure, data, models, and agent development powered by proprietary platforms and accelerators. NVIDIA AI plays a key role in Cognizant’s AI offerings, with active client engagements underway across industries to enable growth and business transformation.

“We continue to see businesses navigating the transition from proofs of concept to larger-scale implementations of enterprise AI,” said Annadurai Elango, president, Core Technologies and Insights, Cognizant. “Through our collaboration with NVIDIA, Cognizant will be building and deploying solutions that accelerate this process and scale AI value faster for clients through integration of foundational AI elements, platforms and solutions.”

“From models to applications, enterprise AI transformation requires full-stack software and infrastructure with access to domain-specific data,” said Jay Puri, executive vice president of Worldwide Field Operations, NVIDIA. “The Cognizant Neuro AI platform is built with NVIDIA AI to deliver specialized LLMs and applications to ready businesses for the era of AI with reasoning agents and digital twins.”

At NVIDIA GTC 2025, Cognizant presented its intent to deliver offering updates across the following five areas:

  • Enterprise AI agentification powered by Cognizant® Neuro AI Multi-Agent Accelerator: Running on NVIDIA NIM microservices, this framework will enable clients to rapidly build and scale multi-agent AI systems for adaptive operations, real-time decision-making and personalized customer experiences. With these frameworks clients can create and orchestrate agents using a low-code framework or use pre-built agent networks for various enterprise functions and industry-specific processes such as sales, marketing, and supply chain management. The frameworks also allow clients to easily integrate third-party agent networks and most LLMs.
  • Building multi agents for scale: Cognizant works to enhance business operations through the use of multi-agent systems and integration with NVIDIA NIM, NVIDIA Blueprints, and NVIDIA Riva speech AI. The company will be developing a future-proof agent architecture that supports modular and adaptable agent design to meet evolving needs and the long-term viability and adaptability of AI solutions. This includes pre-built integrations with security guardrails and human oversight. This approach aims to enable enterprises to develop and deploy market-ready applications tailored to their specific needs using the pre-built agent catalog. Examples include industry agents such as insurance claims underwriting multi-agent systems, appeals and grievances multi-agent systems, automated supply chain multi-agent systems and contract management multi-agent systems.
  • Industry LLMs: Cognizant is developing industry-oriented LLMs powered by NVIDIA NeMo and NVIDIA NIM. These solutions are tailored to meet the unique needs of different industries and build on Cognizant’s deep industry expertise to drive innovation and improve business outcomes. For example, Cognizant has developed a fine-tuned language model to transform healthcare administrative processes. This system will leverage Cognizant’s domain expertise and NVIDIA technology to enhance medical code extraction and support higher accuracy, reduced errors, and better compliance with HIPAA and GDPR standards. It is designed to help clients cut costs, decrease latency, improve revenue cycle management and help ensure accurate risk adjustment. In internal Cognizant benchmarking, the model has demonstrated effectiveness in reducing effort by 30-75 percent, boosting coding accuracy by 30-40 percent, and accelerating time to market by 40-45 percent.
  • Industrial digital twins: Cognizant’s smart manufacturing and digital twin offerings, accelerated by NVIDIA Omniverse, will aim to drive digital transformation by combining NVIDIA Omniverse’s synthetic data generation, accelerated computing, and physical AI simulation technologies to address challenges in manufacturing operations and supply chain management. These capabilities will be designed to assist clients in enhancing plant layout and process simulations with real-time insights and predictive analytics, while also supporting improved operational efficiency and optimized plant capital expenditure. This offering enables integration of diverse data from applications, systems and sensors with synthetic data, allowing clients to simulate various scenarios and find solutions to issues in the plant. Additionally, by building the necessary digital infrastructure, including IT systems and skilled personnel, Cognizant’s offerings can be used to create and manage digital twins for large-scale systems, such as factories, smart grids, warehouses, or entire cities, with precision and efficiency.
  • Infrastructure for AI: Implementing AI effectively requires robust AI infrastructure and data prepared for AI. Cognizant’s infrastructure for AI, accelerated by NVIDIA, will provide clients access to NVIDIA AI technology via “GPU as a Service”, along with secure and managed infrastructure. This helps ensure that AI models can be run in various environments, including the cloud, data centers or at the edge. Additionally, Cognizant intends to use NVIDIA RAPIDS Accelerator for Apache Spark to help clients accelerate data pipelines for AI implementations, facilitating efficient and scalable operations. In one example implementation for a large healthcare client in the U.S., use of Cognizant’s infrastructure for AI resulted in a 2.7x cost efficiency improvement and a 1.8x enhancement in the performance of their Spark workloads.

“As we enter the era of AI industrialization, enterprises are seeking to accelerate the value velocity of their AI investments—focusing on outsized economic impact, agentic-led workflow transformation, and industry-specific deployments,” said Nitish Mittal, Partner, Everest Group. “Cognizant’s deepening partnership with NVIDIA signals the right trajectory for forward-thinking enterprises aiming to unlock breakthrough value in the AI era.”

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

For more information, contact:

U.S.

Name Ben Gorelick

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Email benjamin.gorelick@cognizant.com 

Europe / APAC

Name Christina Schneider

Email christina.schneider@cognizant.com 

India

Name Rashmi Vasisht

Email rashmi.vasisht@cognizant.com 

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Exceptional Performance for Ureteral Stents: ICP DAS-BMP Reveals Latest TPU Materials at CMEF 2025

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HSINCHU, March 25, 2025 /PRNewswire/ — ICP DAS-BMP (Biomedical Polymers), a committed Taiwan-based manufacturer and supplier of medical-grade TPU (thermoplastic polyurethane), is excited to announce its participation in CMEF (China International Medical Equipment Fair), held from April 8-11, 2025, at the National Exhibition and Convention Center, Shanghai.

The spotlight of this year’s exhibit will be the ARP-93A-B20 WHITE L and ARP-95A-B20 WHITE L, specifically engineered for ureteral stents. These innovative TPU materials meet ISO 10993 standards for biocompatibility, ensuring safety during implantation. They offer exceptional stability in thermal-setting processes with no migration issues, maintaining product reliability. With 15 available colors commonly used in medical devices, they offer versatile design possibilities for manufacturers.

Complementing this highlight are other groundbreaking TPU solutions. The Arothane™ ARP-W-G series, contained with 40-60% Tungsten, provides excellent radiopacity for thin-walled medical devices and reliable performance for guidewire coatings. Additionally, the Arothane™ ARP-B20 and Durathane™ ALC-B40, enhanced with Barium Sulfate, deliver certified safety for extended implantation.

To meet the demands of a wider range of applications, ICP DAS-BMP also focuses on both softer and harder TPU materials. The Engineering Arothane™ TPU (EARP series), with hardness above 70D, features a high glass transition temperature and exceptional light transmission, making it an ideal choice for high-strength, high-modulus applications such as Luer-Lock connectors. Meanwhile, the soft ARP series, with hardness below 70A, provides enhanced flexibility and adaptability for diverse medical applications, further expanding ICP DAS-BMP’s comprehensive TPU portfolio.

Visit the ICP DAS-BMP team at Hall 8.1, Booth M49, to explore these advancements and discover tailored TPU solutions designed to elevate healthcare innovations.

About ICP DAS-BMP
ICP DAS-BMP, a leading TPU manufacturer and supplier based in Taiwan, is ISO 13485 certified and operates specialized laboratories focused on quality management. Leveraging over thirty years of industrial automation expertise from its parent company ICP DAS, ICP DAS-BMP employs smart factory practices to enhance product quality and expedite delivery times. The company is committed to responsive after-sales support and flexible solutions, even for small order quantities, ensuring customer satisfaction and fostering long-term partnerships.

For more information, please visit: https://bmp.icpdas.com

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Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann’s Abode of Chaos as a ‘total work of art’, the global headquarters of Artprice by Artmarket.

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PARIS, March 24, 2025 /PRNewswire/ — La Demeure du Chaos (“The Abode of Chaos” – dixit the New York Times) was conceived in 1999 as “a mirror of our world” by thierry Ehrmann. Besides his many business accomplishments, his certified biography in Who’s Who In France describes Ehrmann as a ‘visual artist since 1980’.  https://imgpublic.artprice.com/img/wp/sites/11/2025/02/2025-Biographie_de_Thierry_Ehrmann-Who-s-Who-In-France.pdf

The Abode of Chaos is managed by a contemporary art museum baptised “Organe” and located in the village of Saint-Romain-Au-Mont-d’Or just outside Lyon, France.

This unique open-air museum spans 7,555m² and features a one-of-a-kind museum trail set in the heart of nature. Open to the public free of charge, it was conceived as a total work of art, ensuring accessibility and inclusion for all audiences, in line with the vision of its founder and creator, thierry Ehrmann. It is classified by the Prefecture as an ERP open-air museum. Since its opening in 2006, the Contemporary Art Museum has received 2.5 million visitors free of charge, 25% of whom are from outside France.

In 25 years, the Abode of Chaos has been the subject of nearly 3,600 written and audiovisual press reports from 72 countries. Its activities are followed around the world by more than 10.9 million subscribers on its social media accounts and it counts 720,000 signatories to the petition for its preservation and recognition by France’s public authorities.  

The Abode of Chaos has three imposing buildings dating back to 1630 that have been completely re-sculpted in an alchemical transmutation that gave birth to nearly 7,200 distinct works of art created by thierry Ehrmann. Each work has its original name, its original medium and its original shape. There are 4,500 laser-sculpted steel artworks, some weighing several hundred tons. There are also portraits, paintings, street artworks, mural engravings, installations, digital artworks created with AI, works of land art and an all-encompassing electronic system, which together constitute a ‘total work of art’:

https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf

France’s Minister of Culture, Madame Rachida Dati has officially recognized in a letter dating 20 March, 2025 thierry Ehrmann’s Abode of Chaos as a total work of art in the following terms:

“Dear Sir,

For several years you have been practicing a proteiform artistic activity alongside your energetic development of Artprice, the company you founded.

Not long ago, you drew the attention of one of my predecessors and my ministerial services (DRAC and DGCA) to the complex situation surrounding the product of your artistic activity: the Abode of Chaos.

Originally an old farm in the Monts du Lyonnais, you made the property your personal residence as well as the headquarters of your company Artprice. At the same time, you developed a multi-faceted and abundant artistic project on the entire site, part of which has National Historical Monument protection, called “La Demeure du Chaos” (Abode of Chaos). This project, which integrates the architecture of the existing building as well as its surroundings, while preserving and respecting the remains of an old Protestant cemetery, is a total work of art, in perpetual evolution. It’s primary artistic objective is to reflect the historical and societal convulsions at the end of the 20th century and the promises and uncertainties of our 21st century. The work is both indoors and outdoors, integrating public and private spaces, notably those dedicated to the daily activities of your company.

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Its integrated contemporary art museum offers a hallucinatory and fascinating promenade through the recesses of human memory via portraits of the prominent personalities of our modern era, as well as key quotes, sculptures and architectural extensions that modify the existing buildings. Repurposed car and plane wrecks also play a key role, alongside contemporary ‘factories’ installed in the park.

I would like to inform you that my ministerial department officially recognizes the value of this unique work, which I understand is in perpetual motion and will only stop evolving when you are no longer.

According to Madame Dati, thierry Ehrmann’s work, “is in line with great ‘total works of art’ like Postman Cheval’s Ideal Palace and the Cyclops in Milly la Forêt…

By this letter I wish to inform you that the Ministry of Culture recognizes the artistic value of the work already created and encourages you to continue it.”  

Recognition by public authorities constitutes the highest point in the process of protecting the artworks of the Abode of Chaos and, with regard to the law, it is the principal factor that triggers the work’s inclusion in the History of Art and its preservation for posterity. The different protection measures constitute a subsidiary factor, while the Minister offers a range of legal solutions to allow the transmission of the Abode of Chaos to future generations:

“I also hope that a dialogue can be initiated with State Services and in particular with the Regional Prefecture and the Regional Office of Cultural Affairs (DRAC), in both directions.

The first concerns allowing greater access to the Abode by extending the openings hours that you already practise.

The second concerns implementing the right conditions to ensure the sustainability, conservation and accessibility of the Abode to future generations. I will also ask my services, both central and decentralized, to collaborate with your teams to examine the various legal frameworks that could be used to allow the perennity and transmission of the Abode to future generations: endowment fund, a protected foundation, or a foundation recognized as being of public utility, or any other suitable device.”

With great emotion, upon reading this letter, thierry Ehrmann – founder of Artprice, historian and visual sculptor – cannot help but reflect on the extensive study he dedicated to the sculptor Constantin Brancusi:

“Exactly a century ago, the U.S. High Court (Brancusi/USA) redefined the cognitive value of a work of art through a landmark trial involving Constantin Brancusi’s The Bird in Space. Today, after 25 years of legal struggle, France, through its Minister of Culture, Madame Rachida Dati, has officially recognized the value of my work, defining it as unique through my artistic creation embodied in The Abode of Chaos and its total work of art. Furthermore, it acknowledges that my work is in constant evolution and encourages me to continue, while supporting its dissemination, conservation, and sustainability. This moment forms a true ‘mise en abîme‘, linking Brancusi’s The Bird and his portrait painted in my studio at the heart of The Abode of Chaos. It represents both my Great Alchemical Work and my 45 years of artistic creation. I receive this recognition with deep gratitude towards the Minister of Culture, her team, and all my long-standing supporters, as we mark the 25th anniversary of the Abode of Chaos. Today, France, through the voice of its Minister of Culture, is writing a new chapter in the history of art.”

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The process of recognition and legal protection of the Abode of Chaos relies on in part, on the creation of an in-depth bilingual architectural study titled “The Abode of Chaos: Gesamtkunstwerk & Singular Architecture”. This study is now freely accessible to the public at:

https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf

The brief description provided in this press release is not exhaustive. The reader is encouraged to consult the typescript for a comprehensive reading of the referenced works.

The study examines the Abode of Chaos from a historical, archaeological, sociological, artistic, architectural and scientific points of view, with the help of international experts, distinguished professors,  and multidisciplinary researchers.

This Study constituted the core requests led by Sandra Béchiche – Director of thierry Ehrmann’s office, in charge of international relations and heritage conservation, for legal protection addressed to the French Ministry of Culture, and more specifically to the General Director of the General Department of Artistic Creation (DGCA) in the person of Christopher Miles, as well as to Marc Drouet, Regional Director of Cultural Affairs Auvergne-Rhône-Alpes (DRAC AURA).

These initiatives began in December 2019 in order to obtain recognition from the public authorities of thierry Ehrmann’s total work of art, and to ensure its sustainability and a peaceful resolution to the 25-year legal dispute initiated by the Commune of Saint-Romain-Au-Mont-d’Or, based on town planning law in the face of artistic creation. This dispute was initially protected by the Malraux laws and later by the law of July 7, 2016, concerning freedom of creation, architecture, and heritage. thierry Ehrmann contributed to this through the legal debate he initiated on the status of the artist in France and the freedom of artistic creation.

The surveys, plans, sections, illustrations, orthophotographs for the complete digitization of the 7200 artworks connected to the buildings, outbuildings and surrounding walls over 7,555 m² (generating a digital heritage of 1.2 Terra-Bytes [1 pixel IPTC/GPS DMS = 1mm]) was carried out in 18 months by Philippe Barthélémy, founder of ICONEM (which has done extensive work of the Bamiyan cliffs, Palmyra site etc.) as well as TT Géomètres Experts Group and its 3D Lab. This work was based on the European Commission’s standards for the digitization and online accessibility of cultural material and digital preservation (2011/711/EU).

The study and the complete digitization of the Abode of Chaos was overseen by martyr heritage specialists led by Dr. Nicolas Detry, a specialized Heritage Architect. N. Detry wrote the main corpus of the section on “Formativity of the Abode of Chaos” with reference to the work of Luigi Pareyson. Raphaëlle Rivière, historian of art & architecture and archaeologist, studied the Total Work of Art (Gesamtkunstwerk) and the Singular Architecture that is the Abode of Chaos / Demeure du Chaos with Nicolas Detry. They were both also the curators of the exhibition “The Abode of Chaos: History of a Sustainable Heritage from the 17th Century to the Present Day” in 2022.

Finally, from a purely pedagogical perspective, the notion ‘total work of art’ (from the German Gesamtkunstwerk) that Madame Rachida Dati, Minister of Culture, has officially recognized in the Abode of Chaos, is an aesthetic concept originating from German romanticism and appearing in the 19th century in Europe. A ‘total work of art’ is characterized by the simultaneous use of numerous artistic mediums and disciplines, and by the symbolic, philosophical or metaphysical significance it holds. Such projects are born from a desire to reflect the interconnectedness of all elements of existence.

thierry Ehrmann opens the doors of the total artwork La Demeure du Chaos to Loïc Ballet & Sébastien Chabal for the TV program En vadrouille on March 9, 2025 (France 3 Auvergne-Rhône-Alpes, France Télévisions group, LB Production):

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https://www.youtube.com/watch?v=nF_W2e4NeCc 

thierry Ehrmann’s Abode of Chaos is regularly cited by art historians as the artistic continuity of the Merzbau, a monumental spatial assemblage, the culmination of the ‘total work of art’ that the artist Kurt Schwitters worked on in his studio and home in Hanover as of 1923.

At the same time, a number of other studies were conducted, notably on the conservation and restoration of the corpus of works at La Demeure du Chaos. The eminent specialist, Simona Sajeva, a civil engineer and international specialist in the conservation-restoration of historic buildings, and President of the International Scientific Committee on Mural Paintings of ICOMOS (International Council of Monuments and Sites) played a key role in these studies.

La Demeure du Chaos is regularly included in international nominations for selections such as the Watch List of the World Monument Fund proposed by the DIVA (Documentation Interpretation and VAlorization of Heritage) research laboratory of Liège University in Belgium. The DIVA specializes in conservation sciences for art and architecture under the direction of Claudine Houbart, professor, architect, art historian, and specialist in the conservation of monuments and sites. She is also a Doctor in engineering sciences, and President of the Doctoral School at the FNRS (Scientific Research Fund) dedicated to building arts and urban planning, and a member of the ICOMOS International Scientific Committee on the theory and philosophy of conservation.

This nomination benefited from prestigious sponsorships including the support of Giovanni Carbonara (1942-2023) – professor, architect and Director Emeritus of the School of Specialization of Architectural Heritage and Landscape at the University of Rome, “La Sapienza“, and Special Advisor to UNESCO – and Pierre Hallot – Doctor of Philosophy and Geospatial Information Sciences, professor at Liège University, member of ICOMOS, expert and Belgian Representative of the CIPA (International Committee of Architectural Photogrammetry – Heritage Documentation).

In addition, La Demeure du Chaos has been subject to restoration after thierry Ehrmann reluctantly agreed to the destruction of part of his works to comply with requests from the public authorities. This work was conducted by specialists in listed monuments, including the company Comte (Vinci Group), which, among other projects, has restored the Primatiale Saint Jean in Lyon on several occasions, a UNESCO World Heritage site.

The memory of this artistic loss will remain in the martyred heritage thanks to the “Catalogue Raisonné of an Artistic Loss Necessary for Republican Peace” created in 2023, which lists the 450 destroyed works.

Lastly, the dimentions of the “total work of art” of the Abode of Chaos include the global headquarters of Artprice by Artmarket, World Leader in Art Market Information since 1987, listed on the Paris Euronext’s regulated market, as well as Groupe Serveur (Artprice’s principal shareholder) and its legal, scientific, and press agency subsidiaries (since 1985).

The Abode of Chaos is also home to the world’s largest collection of manuscripts, codices and art market sales catalogs kept under exceptionally high security standards. These documents represent the history of the art market from 1700 to the present day, a modern-day ‘Library of Alexandria‘. All the archives belong to Artprice by Artmarket and they have all been scanned annotated and studied by the company’s historians and experts. The company’s underground area also hosts its various data centers, hosting more than 180 data banks of art market information which constitute the global reference for art market professionals all over the world, and for more than 9 million Artprice by Artmarket subscribers. Artprice’s press agency, ArtMarketInsight, distributes Art Market news with its long-standing partner of 27 years, Cision PR Newswire, to 122 countries and in 11 languages.

Of the many descriptions of the Abode of Chaos proposed over the last 25 years, many art historians have used the term ‘total work of art’, while others have described it as a “Black Work of hermetic tradition feeding on the Alchemical Chaos of our tragic and sumptuous 21st century, whose embers were ignited on September 11, 2001.

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Various studies from different parts of the world suggest that the genesis of the Abode of Chaos can be traced back to first Masonic trestle boards by thierry Ehrmann at the National Grand Lodge of France in 1985, referring to the remarkable alchemical work “The Philosophers’ Mansions by Fulcanelli.

In addition, over the last twenty-five years, thierry Ehrmann’s Abode of Chaos has regularly been compared to the famous ‘total work of art’ created by “Postman Cheval” with his “Ideal Palace”. Indeed, the reference work on Postman Cheval’s work (published by Postman Cheval’s Ideal Palace in conjunction with the École Nationale Supérieure des Beaux Arts and the Musée de la Poste in 2008) described thierry Ehrmann as The Postman Cheval of the 21st century (section titled “Cheval and his artistic lineage”, page 18). The Postman Cheval lineage is clear and unambiguous, and there exists a cultural tour incorporating visits to the two sites for more than 15 years now.

The Abode of Chaos is also home to more than 1,800 geopolitical, literary, scientific, philosophical, artistic, and historical portraits. The portraits reference personalities involved in 90% of the global news regularly covered by written and audiovisual media around the world, as well as thousands of alchemical engravings.

The international press sees the Abode of Chaos as a “body of distinct works” and as an “essential and unique ‘Factory’” that has a key place in the History of Art as the most significant major work of the beginning of the 21st century (see press review, notably the special issue of the The New York Times and Artpress).

It also exists within the realm of ideas. It has sparked exhibitions, debates, numerous books, short and feature films by renowned directors, theses, research, and reverberations across different continents.

In 2024, the 36th Congress of the International Committee of Art History (CIHA) convened in Lyon. On a global scale, the CIHA Congresses have constituted the most unifying events for the entire community of researchers and professionals in the world of art and heritage since 1873.

thierry Ehrmann, CEO and Founder of Artprice declared: “Considering our strategic mission, it is natural for Artprice and the Organe Museum of Contemporary Art that manages the Abode of Chaos, to sponsor the 36th CIHA Congress as one of its principal patrons, with contributions from all of Artprice’s historians and researchers. We were delighted to welcome delegates to the global headquarters of Artprice by Artmarket in the heart of the Organe Contemporary Art Museum and its Abode of Chaos.”

This extraordinary event for Art History, held every four years, contributed to re-emergence of France, which – according to Artprice’s 30th Annual Art Market Report – is now positioned as the second largest public art market in the world in terms of transaction volumes, just behind the United States. In 2024, Paris generated the  4th largest art auction turnover in the world, surpassing both Beijing & Shanghai. 

https://www.artprice.com/artprice-reports/the-art-market-in-2024 

Copyright 1987-2025 thierry Ehrmann www.artprice.comwww.artmarket.com

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About Artmarket.com:

Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

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Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company’s CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Who’s Who In France©:

https://imgpublic.artprice.com/img/wp/sites/11/2025/02/2025-Biographie_de_Thierry_Ehrmann-Who-s-Who-In-France.pdf

Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 865,100 artists.

Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

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Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 119 countries and 9 languages.

https://www.prnewswire.com/news-releases/artmarketcom-artprice-and-cision-extend-their-alliance-to-119-countries-to-become-the-worlds-leading-press-agency-dedicated-to-the-art-market-nfts-and-the-metaverse-301431845.html

Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed prices.

There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI.

Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.

See our 2024 Global Art Market Annual Report, published in March 2025 by Artprice by Artmarket: https://www.artprice.com/artprice-reports/the-art-market-in-2024

Artprice by Artmarket publishes its 2024 Contemporary Art Market Report:  https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2024

Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/

Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:

www.facebook.com/artpricedotcom/ (more than 6.5 million subscribers)

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Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video

whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:

https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture.
Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf

Contact Artmarket.com and its Artprice department – Contact:  Thierry Ehrmann, ir@artmarket.com

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thierry Ehrmann in front of Brancusi’s painted portrait at The Abode of Chaos

 

The Entrance of The Abode of Chaos

 

« The Basin of Vanities » at The Abode of Chaos

 

« Ground Zero » at The Abode of Chaos

 

Trump mural at the Abode of Chaos (Time magazine, Butler, PA, 2024)

 

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