In the Chinese art market saw signs of recovery

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Painting Chinese artist Liu E was sold on April 5 for 2,5 million dollars at auction at Sotheby's in Hong Kong, reports Bloomberg.

This is the maximum amount that was paid for a work of contemporary Chinese artists in the past two years. According to analysts, this indicates the restoration of art-roaring to pre-crisis indicators. Contemporary art has reached the maximum performance at the auction in May 2008, when the work Zeng Fanchzhi was sold for 75.4 million Hong Kong dollars.

In addition to painting "Bright Road", six lots were sold to more million dollars. Total auction of contemporary Chinese art has brought 18.7 million dollars. Earlier, at Sotheby's art auctions have been held in South-East Asia and the Chinese art of XX century. In total, three auction on April 5 yielded 40,8 million dollars.

April 6 another auction dedicated to Chinese artists of the XX century, he brought 39.3 million.

http://www.bloomberg.com/apps/news?p...d=aOqVMNJE7uPo