Arts

Christie`s sells nearly $15 million of art at Shanghai auction

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Christie’s sold nearly $15 million worth of art at its autumn auction in Shanghai on Sunday, with a painting by abstract master Zao Wou-ki fetching more than $5 million.

SHANGHAI (Reuters) – Christie&rsquo-s sold nearly $15 million worth of art at its autumn auction in Shanghai on Sunday, with a painting by abstract master Zao Wou-ki fetching more than $5 million.

The combined 98.5 million yuan ($14.8 million) sale was 35 percent higher than the previous year, the company said.

Zao&rsquo-s &ldquo-24.12.2002 – Diptyque&rdquo- sold for 33.6 million yuan, the most expensive work of art to be sold in Christie’s Shanghai.

The highest price for a Western work of art was 13.2 million yuan for Salvador Dali&rsquo-s sculpture &ldquo-Elephant du triomphe&rdquo-.

&ldquo-We have presented both young and established artists to an international audience and witnessed strong buying from Chinese and international clients,&rdquo- said Charlotte Liu, Managing Director of Christie&rsquo-s China.

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