Xiling Yinshe Auction Company held a sale of a dozen Western works late last year that made a combined total of $8m, including a $3.2m Monet, a $1.4m Morandi and $1m Gauguin.
According to a Xinhua report picked up by the Latin American Herald Tribune:
In recent years, the most profitable sale of a western painting in China was a work on ceramic by Spanish cubist Pablo Ruiz Picasso (1881-1973), “Grand vase aux danseurs” (Large vase with dancers) – a white terracotta vase painted by the Malaga artist in 1950, sold by Christie’s Chinese subsidiary for 3.03 million yuan ($488,511) in April.
A Monet Fetches Record $3.2 Million in China (Latin American Herald Tribune)
