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Chinese billionaires’ attempt to trim art collection ends in a surprise flop at Sotheby’s Hong Kong

Chinese billionaires’ attempt to trim art collection ends in a surprise flop at Sotheby’s Hong Kong

South China Morning Post · 06 Oct, 2023 @ 05:28

“The Long Journey” sale, named after Liu Yiqian and Wang Wei’s chain of three Long Museums in Shanghai and Chongqing, sold only 28 of the 39 paintings on offer for a total haul of $58m during Sotheby’s annual autumn auction, 24 per cent less than the conservative estimate, excluding fees.

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