Chinese Painting Sets Record at Auction – AP
From AP via Forbes.com:
A painting inspired by the 1989 crackdown on the Tiananmen Square protests has become the most expensive work by a Chinese contemporary artist ever sold at auction, Sotheby’s auction house said.
Yue Minjun’s “Execution” sold to a telephone bidder late Friday for $5.9 million, well over its upper pre-sale estimate of $4.1 million. The price includes a buyer’s premium. Sotheby’s (nyse: BID – news – people ) described Yue’s 1995 painting as “arguably the artist’s most vehement, candid and politically loaded work.” [Full Text]