Painting sets Chinese record
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From the Associated Press
A Ming Dynasty painting has been auctioned for $10.7 million, a record price for a Chinese painting, state media in China reported.
“The Red Cliff Handscroll” by painter Qiu Ying was sold to a private buyer from China by China Guardian Auctions Co., Xinhua News Agency said.
The previous record for a Chinese painting was set earlier this year at an auction in Hong Kong, when “Put Down Your Whip” by Xu Beihong sold for $8.19 million.
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