Chinese oil painting fetches record price in HK auction (Reuters)

HONG KONG (Reuters) - A rare piece by renowned Chinese artist Xu Beihong has smashed the record for a Chinese oil painting, selling for HK$53.9 million (US$6.9 million) at a Christie's auction in Hong Kong on Sunday. The work "Slave and Lion," far exceeded the pre-auction estimate of HK$32 million, underscoring the sustained feverish demand from buyers for top quality works by Chinese artists. The price exceeded the previous mark by Taiwanese artist Chen Chengbo's oil on canvas "Danshui ...