Hot Art: Top 10 Auctions of 2012

- 2012-12-20T15:16:24Z

Christie's International via Bloomberg

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5. "All the Mountains Blanketed in Red"

A watercolor landscape by the 20th-century Chinese artist Li Keran sold for 293.2 million yuan ($46 million) at Poly International in Beijing, on June 3.

Executed in 1964, "Mountains in Red" was the largest of seven such landscapes inspired by a Mao Zedong poem. The result was an auction record for the artist, more than doubling his previous high.

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