Records smashed in Hong Kong Chinese Art Sales
1:08pmWorld auction records for many Chinese artists were broken in Sotheby’s Hong Kong sales on Monday. Despite the financial downturn, there is still a massive demand for certain types of Chinese art among Chinese wealthy collectors…. Lin Fengmian’s rare oil painting Fishing Harvest – on the market for the first time – sold for HK $16.34 million – a record sale price for the artist. The sale fetched $88.6m (HK$691) overall, 11 percent higher than its pre-sale estimate.
In a separate sale, four of Lin Fengmian's portraits sold for $3.1 million – a price that was a great deal in...
