Art auction fetches RM240mil

HONG KONG: A Christie's auction of Asian art in Hong Kong has fetched a world record US$62.9mil (RM240mil), a news report said yesterday. 

The figure is the highest ever for a sale of Asian art and was set over two days at an auction in the city's Shangri-La Hotel, the Hong Kong Standard reported. 

More than US$30.1mil (RM114mil) was bid at an auction of classic, modern and contemporary Chinese paintings, contemporary Korean art and South-east Asian pictures held on Sunday. 

MASTERPIECE: A staff looking at the 'Fragrance of Lotus after Rain' painting in Hong Kong recently.

A second sale of Chinese porcelain, ceramics and other works of art the following day raised another US$32.8mil (RM125mil), the newspaper reported. 

The total was more than double the amount raised at a similar Christie's auction in October last year and 10% higher than a sale in April which set the previous record. 

The top-selling painting at the auction was modern master Zhang Daqian's “Fragrance of Lotus after Rain,” which fetched US$1.3mil (RM5mil), five times its pre-sale estimate. 

A Chinese 15th century gilt-bronze Buddhist figure fetched US$2.3mil (RM8.7mil), a world record for a Chinese artwork of its kind. 

Sotheby's said yesterday its autumn auctions in Hong Kong raised a total of HK$590mil (RM288mil), a record for the Chinese autonomous region. 

The most expensive item was a 88.88 carat flawless diamond which fetched more than HK$47mil (RM23mil).  

Topping the bill in the art field was a famille-rose vase which sold for HK$41.5mil (RM20mil), breaking the world auction record for porcelain from China's Qing Dynasty (1644-1911). – Agencies  

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