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Sotheby’s record-breaking $13.2m (£8m) generated by the first sale of this category in their New York rooms on March 31 was trumped just eight days later by the HK$131.8m (£10m) chalked up by the Contemporary Chinese art offered in the auctioneers’ Spring Hong Kong series.

Record totals were complemented by individual highs. While New York led with a record $860,000 (£520,000) for Zhang Xiaongong’s contemporary Bloodline Series Comrade No 120 (pictured on the front of last week’s ATG) Hong Kong was able to field a quadruple-estimate HK$25m (£1.9m) for a modern work, the 4ft 2in x 2ft 7in (1.3m x 80cm) Pink Lotus by Chang Yu (1901-1966).

The price establishes a new record for a Chinese oil painting.

By Anne Crane