Wu Guanzhong's oil painting draws record bid

An oil painting created by Chinese master artist Wu Guanzhong (1919-2010) was sold on Monday night and has set a new high among contemporary Chinese oil paintings.

Wu's masterpiece "Zhouzhuang" was sold for HK$236 million (US$30.4 million) at Poly Auction's spring sale, according to Beijing Times. It has also updated the auction record of Wu's artworks.

The painting was created in 1997 then Wu was 78 years old, 12 years after the artist visited China's water town Zhouzhuang in 1985. The painting is nearly three meters long, the largest-sized oil painting on the market so far.

The painting represents Wu's mastery in portraying picturesque Jiangnan or the southern area in the lower reaches of the Yangtze River.

A total of 146 items were on sale at the section "Fine Modern Chinese Paintings and Calligraphy" on Monday night, with "Orchid and Bamboo" by Zheng Banqiao and "Roosters and Bamboos" by Xu Beihong sold for HK$21.24 million (US$2.7 million) and HK$17.7 million (US$2.3 million) respectively.

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