Chinese artist’s painting sold at auction in Hong Kong for almost $30 million

We are talking about a triptych called “Winter Harmony,” made in 1986 in oil in an abstract style.

A painting by Chinese-born French artist Chu Teh-Chun (1920-2014) went under the hammer in Hong Kong on Sunday for almost $30 million. This was announced by the organizers of the auction of works of modern art from the auction house Sotheby’s.

“The lot sold for HK $ 229,568,000 ($29.54 million),” the auction website says. This was twice the estimated cost of the canvas, which was from 80 million to 120 million Hong Kong dollars ($10.3-15.4 million).

We are talking about a triptych called “Winter Harmony,” made in 1986 in oil in an abstract style. The buyer’s name was not disclosed.

Simultaneously, at the same auction, a painting by another famous Chinese abstract artist Zhao Wou-Ki (1920-2013), who lived and worked in France, was sold for $20.9 million. The final cost of his canvas, called “13.02.62,” made in oil in red and white tones, was higher than the upper limit of the preliminary estimate. Nevertheless, this lot did not become the auction leader, although it was initially considered the highlight of the auction.

Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
E-mail: Great7news@gmail.com