31 May '11, 2pm

Lifestyle - Hong Kong auction record for China artist Chang: HONG KONG - A COLLECTION of 25 works by Chang Dai-c...

HONG KONG - A COLLECTION of 25 works by Chang Dai-chien, one of China's leading 20th century artists, sold at auction on Tuesday for HK$680 million (S$108 million) in just over an hour. The top lot, 'Lotus and Mandarin Ducks', sold for HK$191 million to a telephone bidder, against a pre-sale estimate of HK$20 million, setting an auction record for the artist, Sotheby's Hong Kong said. Bidding for another work, 'Ancient Temple Amidst Clouds', opened at HK$10 million but within seconds a telephone bidder offered HK$60 million 'that took the whole room by surprise' and eventually acquired the painting for HK$67.86 million, Sotheby's said. 'With intense bidding wars and stunning prices achieved for numerous works in just over an hour, I believe today's highly anticipated sale... has left a lasting impression on those present in the room,' said C.K. Cheung, head of Sotheby's fi...

Full article: http://www.straitstimes.com/BreakingNews/Lifestyle/Story/...

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