Auction Revenue:US$152 million
Fu Baoshi (1904-1965), born in Xinyu, Jiangxi Province, was one of the most important Chinese artists of the 20th century. He was best-known for his land- and waterscapes.
His best result in 2012 was generated by his "Du Fu's Composition of Poem" (208cm × 59.5cm), which fetched US$13.8 million in Poly Auction's spring sale of 2012 at Beijing Poly international Auction Co.,Ltd.
The market has a stable need for Fu's works. According to the Art Market Monitor of Artron, the effective demand of the market ranges from some 100 to 150 pieces. The sell-through rate of Fu's works has been above 80 percent since 2009.