Qi Baishi Just Became the First Chinese Artist to Break the $100 Million Mark at Auction The sale sets a new record for a work of Chinese art.

Eileen Kinsella

Qi Baishi, Twelve Landscape Screens (1925). Courtesy Poly Beijing

Qi Baishi, Twelve Landscape Screens (1925). Courtesy Poly Beijing

The painter Qi Baishi has become the first Chinese artist to join the $100 million club.

A set of Qi’s ink-brush panelsTwelve Landscape Screens (1925), sold for $140.8 million (931.5 million yuan) on Sunday at Poly Beijing. It is the highest price ever paid for a work of Chinese art at auction.

Only 15 other works—by artists including Andy WarholPablo Picasso, and Vincent van Gogh—have sold at auction for more than $100 million (accounting for inflation), though a number of others have reportedly sold privately.

Full Article by Eileen Kinsella

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