Monday, April 4, 2011
Zhang Xiaogang sets record for living Chinese artist -- posted by Florida Fine Art Blog
A triptych oil painting by Zhang Xiaogang sold for $10.1 million on Sunday at a Sotheby’s auction in Hong Kong. The sale broke the record for a piece by a living Chinese artist, and was the latest sign of China’s phenomenal ascent in the global art market.
Mr. Zhang, who is 52 and based in Beijing, is now among a handful of living artists to have a work sell for more than $10 million. Less than a decade ago, many of his works were selling for $60,000 or less. He joins a group that includes Lucian Freud, Damien Hirst, Jasper Johns, Jeff Koons, Takashi Murakami and Gerhard Richter, according to Artprice.com.
Full Article from The New York Times
The Saatchi Gallery