AN oil painting with the title Portrait de Mademoiselle Phuong (pic) by Mai Trung Thu has sold at auction for the highest price ever paid for Vietnamese art.
Offered at the “Beyond Legends: Modern Art Evening Sale” auction by Sotheby’s Hong Kong, the painting was sold for a record amount.
With a guide price of US$500,000 (RM2mil), the painting eventually reached US$2.573mil (RM10.5mil) on Sunday.
After taxes and fees were calculated, the total came up to US$3.1mil (RM12.5mil).
This is more than double the previous highest valued auction sale where the painting Khoa Than (Nude) by Le Pho sold for US$1.4mil (RM5.7mil).