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Monday, 16 March 2015 11:00

Chinese Collector Liu Yiqian Pays a Record $45 Million for an Embroidered Tibetan Tapestry

An auction at Christie's. An auction at Christie's. Wikipedia

Of all the billionaires that come and go on the Forbes China Rich List, Liu Yiqian is certainly the one with the biggest appetite for art. Liu, who ranked No. 220 with a net worth of $ 1 billion, yesterday bought a 600-year-old imperial embroidered Tibetan tapestry at a Christie’s auction for $ 348 million Hong Kong dollars ($45 million), setting a record for any Chinese works of art sold by an international auction house.

For the art-savvy Liu, the magnificent piece is too important to miss. The silk tapestry, known as a thangka, is more than three meters tall and two meters wide.

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