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New Southeast Asian Record Set by $4.4 Million Sale at Sotheby’s

Oct. 7 (Bloomberg) -- Sotheby’s said it set a new Southeast Asian record with the HK$34.3 million ($4.4 million) sale today of a painting by Indonesian Lee Man Fong.

The work by the Indonesian artist was painted while he was in Amsterdam in 1951. Entitled “Fortune and Longevity,” it depicts a traditional Chinese village scene.

The oil on wood panel measures 86 centimeters by 260 centimeters (34 by 102.5 inches) and was purchased by a telephone buyer after nearly 10 minutes of bidding.

Muse highlights include Robert Heller on rock, Martin Gayford on art, Warwick Thompson on London stage and Ryan Sutton on food.

To contact the writer on the story: Frederik Balfour in Hong Kong at fbalfour@bloomberg.net or on Twitter @frederikbalfour.

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.

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