Looks like the Chinese artists have finally found their place in the world of art auctions. A beautiful three-panel oil painting created by artist Zhang Xiaogang fetched a staggering HKD 79 million ($10 million) in a Chinese contemporary art auction by Sotheby’s Hong Kong. Painted in 1988, the painting titled Forever Lasting Love, spots half-naked people in an barren landscape with symbols, like an emaciated ram, the artwork is will now be a part of Belgian collector Baron Guy Ullens’ collection.
The collection of 105 paintings earned HKD 427 millions; thrice the estimated price. Other notable sales by Chinese artists included Zhang Peili’s Series “X?” No 3 that earned HKD 23milliom and Geng Jianyi’s Two People Under a Light fetched HKD 18.6million.