Record Setting $65 Million Chinese Painting Tops Strong Sale in Hong Kong

Juin-Octobre 1985" by Zao Wou-ki.
Juin-Octobre 1985" by Zao Wou-ki.
(Sotheby's)

CNN: A painting by the Chinese-French painter Zao Wou-Ki sold for a record 510 million Hong Kong dollars ($65 million) Sunday, leading one of Asia's largest ever art auctions.

The artist's abstract work "Juin-Octobre 1985" is now the most expensive painting ever to go under the hammer in Hong Kong, according to Sotheby's. It was a record-breaking evening at the auction house, which sold $200 million worth of art at the sale. 
The price was 28 times what Taiwanese businessman Chang Qiu Dun had paid in May 2005 for the work. He spent $2.3 million for ‘Juin-Octobre 1985,’ according to Bloomberg.

More News Feed Headlines

Edward Cucuel (1875–1954), The Parasol, 1915, Oil on canvas.  Courtesy of The Hosek Collection of American Art

Over a Year After Hurricane Devastation, Houston's Pearl Fincher Museum Reopens With A Top-Tier Collection of American Art On View

  • December 13, 2018 16:10

In Houston, the 10-year-old Pearl Fincher Museum of Fine Arts, which closed for renovation after ...

Read More

Researchers Discover Way to Fight The Bacteria That Ruins Paintings

  • December 12, 2018 12:17

Besides sunlight, heat, humidity and other factors, paintings face deterioration over time ...

Read More

Tiffany glass fragments

Neustadt Opens Up Its 250,000-Piece Tiffany Glass Archive For Tours

  • December 11, 2018 22:03

The public can now go on tours of the world's largest archive of glass remnants from Tiffany ...

Read More

Louvre

Museums, Cultural Sites Reopen After Violent Protests in France

  • December 09, 2018 23:35

France cleaned up on Sunday after a fourth weekend of protests resulted in violence and property ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire