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Bloomberg QuickTake: Now published this video item, entitled “Rare Chinese Classical Painting by Ren Renfa Auctioned for Almost $42 Million at Sotheby’s” – below is their description.
A rare piece of Chinese art fetched almost $42 million at auction in Hong Kong on Thursday. Ren Renfa’s “Five Drunken Princes Returning on Horseback” is approximately 700 years old. A Sotheby’s auctioneer took bids for over an hour before bringing down the hammer at HK$265 million. With the buyer’s premium and other costs, including exchange rates, Sotheby’s said this translates to $41,847,000. The estimate had been between $10- $15 million.Bloomberg QuickTake: Now YouTube Channel
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