16 February 2019

Rembrandt on block in Sotheby’s China debut, Bloomberg says

Sotheby’s will hold its first commercial auction in mainland China on Sunday, which will include works of Picasso and Rembrandt, Bloomberg News reported Friday. The New York-based auction house said it is offering US$212 million worth of western and Chinese art, jewelry and furniture in three private sales and an auction in Beijing. A highlight of the auction is a 1958 oil-on-canvas abstract painting by the late Chinese-French artist Zao Wou-Ki, which is expected to set a new artist record. The work is being sold by the Art Institute of Chicago with a high estimate of 45 million yuan (US$7.4 million), the report said.

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