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AK Files: Titan Topples Tibetan Tapestry Record

Hong Kong -- 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.

Art collectors of ArtKabinett social media network are glad to witness an increase in market valuation, and repatriation of overseas Chinese antiquities.

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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