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.
– Contact HKEJ [email protected]