It 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 a barren landscape with symbols. Like an emaciated ram, the artwork will now be a part of Belgian collector Baron Guy Ullens’ collection.
The collection of 105 paintings earned HKD 427 million, thrice the estimated price. Other notable sales by Chinese artists included Zhang Peili’s Series “X?” No 3 earned HKD 23milliom, and Geng Jianyi’s Two People Under a Light fetched HKD 18.6million.