A new auction record has been set for Asian contemporary art after Zeng Fanzhi’s Mask Series 1996 No. 6 sold at a Hong Kong auction for $9.5 million US.
The massive 2-by-3.6-metre work sold for almost triple its pre-sale estimate at the Christie’s event on Saturday.
The sale is proof that the Asian art market is still going strong despite world economic jitters and the weak American economy.
Asian collectors in suits and evening dresses were served champagne and a few bites before bidding in a packed auction hall.
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