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CHAGALL SHINES IN HONG KONG
19 October 2010
Catégorie : MARKET


An artwork by modernist master Marc Chagall became the most expensive contemporary Western painting sold in Asia when it was auctioned on Oct 4, 2010 for $US4.18 million ($4.3 million) at a Hong Kong sale.

Seoul Auction sold Bestiaire et Musique, a 1969 oil painting typical of Chagall's whimsical style, to an unidentified buyer.

The auction house said the work set a new record in a region increasingly wielding more influence in the global art market.

But the price, though high for Asia, is still relatively modest compared with the  impressive bids for impressionist and 20th century Western masterpieces in London and New York.

The Chagall painting depicts a bride and a fiddler floating in a night sky amid circus performers and animals.
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