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 panels, Twelve 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 Warhol, Pablo 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.