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Wednesday, 26 November 2014 10:59

$45 Million Tibetan Tapestry Sets Auction Record for a Chinese Work of Art

A 15th century Tibetan silk "thangka" tapestry . A 15th century Tibetan silk "thangka" tapestry .

Chinese billionaire Liu Yiqian purchased a Tibetan tapestry for HK$348 million ($45 million) at a Christie’s auction in Hong Kong today, breaking the record for the most expensive Chinese work of art he set in April.

Liu, who bought a HK$214 million Chengua-era ceramic cup -- nicknamed the Chicken Cup for its imperial allegorical depiction using poultry -- and then paid for it with his Centurion credit card at Sotheby’s, plans to show both works in his private Shanghai museum.

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