Nov. 24 (Bloomberg) -- An abstract oil painting by 20th-century Chinese-French master Chu Teh-Chun sold for HK$60 million ($7.7 million) at Christie’s International in Hong Kong today, setting an auction record for the artist.
The work, entitled “La foret blanche II,” is a 1987 oil on canvas diptych measuring 1.3 meters by 3.9 meters. It was sold to a telephone buyer after five minutes of fierce bidding against an Asian woman in the saleroom.
The artist’s previous top price was $5.9 million at a Sotheby’s Hong Kong auction in 2009, according to the Artnet database. Chu was born in China in 1922 and moved to Paris in 1955.
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