Beijing Dealer’s Shanghai Auction Total Drops 60% from Fall Debut to This Spring

Rongbaozhai, a 300-year-old art dealership based in Beijing, raised nearly 323 million yuan for its spring auction in Shanghai, following its successful debut auction in the city last autumn with a total amount of 810 million yuan.

This Xu Beihong ink painting sold for 23 million yuan (US$3.68 million)

Ink-wash painting fetches $3 mln at auction (China Daily)