Zhang Xiaogang News
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Some artists suffer more to create their work than others. Angela Su certainly has.
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“Every morning I wake up between 7 a.m. and 8 a.m., have a cup of coffee, read the news and head to the studio,” says artist Zhang Xiaogang, “where I stay until 10 p.m. to 11 p.m.”
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A painting by Zhang Xiaogang set an auction record for a work by a contemporary Chinese artist last night as Asian buyers competed at a HK$427.2 million ($54.9 million) sale by Sotheby’s in Hong Kong.
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China’s growing ranks of millionaires are set to buoy sales at Sotheby’s spring auction in Hong Kong as collectors seek Qing Dynasty porcelain, Chateau Lafite wines and multi-million-dollar paintings.
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Iron ore price talks between Chinese steelmakers, the world’s largest buyers, and suppliers are beset by differences, said Angang Steel Co.
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Yue Minjun has every reason to laugh. In 2007, one of his paintings sold at Sotheby’s in London for 2.9 million pounds ($4.47 million).
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An abstract painting by Zao Wou-ki fetched an auction record price last night, pushing Sotheby’s sales of modern and contemporary Asian art to HK$647 million ($83 million), as Chinese buyers battled for the artist’s work.
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Sotheby’s five-day autumn sale got off to a mixed start during the weekend, setting a record for a Southeast Asian work and pulling another lot whose ownership was contested by a Buddhist nun.
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Sotheby’s five-day autumn auction in Hong Kong ended last night with a total sale of HK$2.05 billion ($263 million) as buyers pushed prices of some top lots to records and shunned others.
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Waving paddle 3008, a woman in a black dress at the center of Sotheby’s Hong Kong saleroom saw off all comers to win a 1992 Zhang Xiaogang painting that set an artist record of HK$52.18 million ($6.7 million), as Chinese buyers competed for works by established artists.
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