Pablo who?
May 23 2011
Picture: China Guardian Auctions
Another record price in China seems to confirm the direction of the art market: a work by Qi Baishi (1864-1957) was sold in Beijing yesterday for $65m (or 425.m yuan). Eagle Standing on a Pine Tree, 1946, sets a new record for a modern Chinese painting.
According to Art Price, Qi's work raised $70m worldwide in 2009 - the only artists ranked higher were Warhol and Picasso.
The auction house was China Guardian Auctions.
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