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Chinese Artwork Brings Auction Record of $45 Million

United Kingdom Architecture News - Nov 27, 2014 - 10:01   4158 views

Chinese Artwork Brings Auction Record of  Million

image:inhabitat.com

A Chinese collector bought a Ming dynasty silk wall hanging for $45 million at a Christie’s auction in Hong Kong on Wednesday, setting a record for a Chinese artwork sold at international auction.

The price that the collector, Liu Yiqian, agreed to pay for the intricately embroidered 600-year-old hanging, called a thangka, was reached after an intense 22-minute competition that came down to two telephone bidders: Mr. Liu, a Shanghai-based billionaire financier, who was represented by Jinqing Cai, president of Christie’s China, and an international bidder, who was represented by François Curiel, the chairman of Christie’s Asia Pacific. The final price included Christie’s buyer’s premium of $5 million.....Continue Reading

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