"The abstract paintings by China-born, Paris-based Zao (1921-) sparked a frenzy of bidding each time they came on the block, often pushing prices to several times estimates at Christie’s International’s auction of modern and contemporary Asian art. Zao’s works fetched a combined HK$332.3 million ($43 million) during the marathon two-day sale of about 1,000 lots, part of a larger six-day series comprising 2,000 lots.
“Zao is a blue-chip artist,” said Kate Malin, Christie’s Hong Kong-based spokeswoman. “His works sell so well.”
Courtesy of bloomberg.com
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