China’s English language news service covers Christie’s opening sale in Shanghai:

The biggest seller though was “Untitled 06-3,” an oil painting by Chinese contemporary artist Zeng Fanzhi, which fetched over US$3.2 million.

“We had three auctions with about 150 pieces. The transaction rate was 95 percent, which is a pretty good score. The final auction price reached 132 million yuan, which is about US$21 million,” said Cai Jinqing from Christie’s.

Cai said she hoped the opening of the new auction house would allow the auctioneers to have more interactions with Shanghai’s art circles.

Chinese artist’s painting fetches highest price at auction  (CCTV News)