Zhang Xiaogang’s Bloodline: Big Family No. 3 sold for a world record price of $12.1 million US.
Auction records were established for Chinese, Japanese and South East Asian artists at Sotheby’s Modern and Contemporary Asian Art sale in Hong Kong. There were eight auction records in a sale which realised US$85.9 million. The top lot was Zhang Xiaogang’s Bloodline: Big Family No. 3 which sold for US$12.1 million. Collectors from around the world competed vigorously and Asian buyers took most of the top pieces. Seven bidders competed for Potted Chrysanthemums, a previously unrecorded painting by modern Chinese master Sanyu which sold for US$10.4 million.
There were records for Japanese artist Yoshitomo Nara, Southeast Asian artists S. Sudjojono, Sudjana Kerton, Romualdo Frederico Locatelli, Ay Tjoe Christine, But Mochtar and Le Pho.