Oil Painting Sells for Record $8,200,000

45 year-old contemporary painter Liu Xiaodong, painted three paintings in the Three Gorges area from 2005 to 2006. One of these paintings, entitled “The Breeding Ground No. 1″, was sold for a record amount at auction a few months ago.

The painting, 2.6 meters high and 10 meters wide and depicting 11 men in their underwear playing cards, sold for a record 57,120,000 Yuan, or $8,200,000 USD.

“I painted the Three Gorges three times. Every time was a personal improvement for me,” said Liu.

Many other paintings sold at the auction, including one entitled “Homeless Furniture” by 64 year-old Wang Huaiqing, for around 28,000,000 Yuan.

By Sun Tzu on 09-11-2008