Chinese Contemporary Art in HONG KONG

Guo Bochuan, The Forbidden City
29 x 36 in.
1946
$3,494,233
Sotheby’s Hong Kong Apr. 9, 2008
Sold to an Asian collector.
The painting had sold at auction in 1994 for $388,000.

Sotheby’s Hong Kong held its sale of Chinese contemporary art in Hong Kong on Apr. 9, 2008, totaling HK$403,000,000 -- about $51,700,000 -- for what the firm called the highest sales series of Chinese contemporary art at Sotheby’s. Of 184 lots offered, 159 sold or more than 86 percent. [from artnet]
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