A
Chinese artwork has sold for a record 236 million Hong Kong dollars
(30.4 million US dollars), a new high for contemporary Chinese oil
paintings. Master artist Wu Guanzhong’s painting was auctioned at the
Poly Auction Hong Kong on Monday night, China’s state Xinhua News Agency
reported.
Chinese oil painting sells for record $30 million
Wu’s
masterpiece, entitled The Zhou Village, portrays the picturesque
tranquil beauty of Zhouzhuang - a famous water town and popular tourist
attraction in China’s Jiangnan, the southern area in the lower reaches
of the Yangtze River.
Chinese oil painting sells for record $30 million
Measuring
148 by 297 centimeters, the painting was finished in 1997 when Wu was
78. It is the largest oil painting on canvas ever auctioned in China.
Combining the Western oil painting tradition with scenes from China, Wu has been called the father of modern Chinese painting.
The new record comes despite auction sales of living Chinese artists’ works falling by 45 percent, according to a survey by wealth publisher the Hurun Report, which collated auction results for the 100 most lucrative Chinese artists.
Combining the Western oil painting tradition with scenes from China, Wu has been called the father of modern Chinese painting.
The new record comes despite auction sales of living Chinese artists’ works falling by 45 percent, according to a survey by wealth publisher the Hurun Report, which collated auction results for the 100 most lucrative Chinese artists.
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