Auction Sees Record Price for Chinese Painting

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 ◆ Auction Sees Record Price for Chinese Painting

A Chinese painting featuring rare birds drawn by an emperor of the Northern Song Dynasty (960-1127) and retrieved from overseas sold for 25.3 million yuan at a Chinese spring auction recently.

A spokesperson for the auctioneer said that this was the highest price paid at auction for a Chinese painting to date.

Bidding for the painting began at 7.8 million yuan and soared to a final price of 25.3 million yuan. But the buyer declined to be identified.

The spokeperson also said that the surprise price proved that Chinese art was widely admired around the world and with the standardization and expansion of the country's antique market, more and more historical relics would return to China.