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Painting by Chinese Master Fetches Record $35 Million

A painting by Chinese artist Zhang Daqian sold for nearly $35 million at an auction in Hong Kong on Tuesday, the most one of his works has ever fetched, underscoring strong demand for quality Chinese art despite an overall slowdown in the market. The two-metre (6.5 feet) long scroll inkbrush painting "Peach Blossom Spring" more than tripled its expected price at a spring Sotheby's sale to fetch HK$270.7 million ($34.91 million), including the...

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