Art market on the upturn
By Zhang Kun in Shanghai | China Daily | Updated: 2018-01-06 06:54
A series of record-breaking sales that took place in December have sent out a clear message of China's art market recovery.
A series of 12 long-scroll paintings by Qi Baishi (1864-1957) fetched 931.5 million yuan ($141 million) at Poly Auction's autumn event in Beijing on Dec 17.
The price not only marked a new record for the artist's work, but also the highest price paid for any Chinese artwork in the world. Zhao Xu, executive chairman of Poly Int'l Auction declined revealing any details about the buyer.
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