Chinese Art Breaking Records Again

Sotheby's Hong Kong

Sotheby's Hong Kong

A more than 50-minute slog between a group of committed, and wealthy, bidders has led to a record price of HKS 240 million for a Chinese landscape painting.

The work of art at the centre of frenetic bidding was a hanging scroll titled, «Peach Blossom Spring,» by Zhang Daqian, who was one of the best-known and most prodigious Chinese artists of the twentieth century.

The scroll is characterised by splash ink and intense colour, and is considered one of the most important works from Zhang’s late period. It had a pre-sale estimate at HK$65.

Hong Kong’s South China Morning Post reported that he buyer was from mainland collector Liu Yiqian’s Long Museum in Shanghai. The final price was HK$271 million, including buyer’s premium.

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