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Xu Beihong painting sold for 42 million


 "An auction in Beijing sold a Xu Beihong painting for 266.8 million yuan (42 million U.S. Dollars) on Monday, smashing previous world records for the father of modern Chinese painting.


The traditional Chinese painting, which portrays three farmers cultivating their land with an ox, achieved the highest-ever bid after a fierce bidding war that started at a set price of 150 million yuan.


The previous top price for a work by Xu, who died in 1953 and is best known for his ink painting of horses, was 171 million yuan.


The record-setting painting, which measures 150 by 250 cm, was completed in 1951, his largest work after the founding of the People's Republic of China in 1949."


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