Warhol 'Mao' painting sold for $12.6 million in Hong Kong

HONG KONG (Reuters) - An Andy Warhol portrait of former Chinese leader Chairman Mao Zedong has sold for $12.6 million at a Hong Kong auction, less than the $15 million it was expected to fetch.

The painting was sold to a private Asian collector at Sotheby's evening sale on Sunday.

Warhol began his series of silk-screen portraits of Mao in 1972 when ties between then Cold War foes China and the United States began to thaw after U.S. President Richard Nixon's historic trip to Beijing.

(Reporting by Reuters Television; Editing by Michael Perry)

Must Read

Warhol 'Mao' painting sold for $12.6 million in...

Apr 3, 2017

US-AUCTION-SOTHEBYS-WARHOL:Warhol 'Mao' painting sold for $12.6 million in Hong Kong

'Pink Star' diamond sells for record $71.2...

Apr 5, 2017

US-AUCTION-SOTHEBYS-DIAMOND:'Pink Star' diamond sells for record $71.2 million in bidding war

From teenager to warlord in 'Farewell My...

May 16, 2017

As a teenager, Zhao Hailong had a small role in the award-winning film "Farewell My Concubine," the...

Moody's China downgrade 'illogical', overstates...

May 25, 2017

US-CHINA-ECONOMY-RATING:Moody's China downgrade 'illogical', overstates debt: People's Daily

Chinese Nobel laureate's death turns focus to...

Jul 14, 2017

Friends of Chinese Nobel Peace Prize laureate Liu Xiaobo's family say efforts to persuade the...

Sign up now!