Contemporary Artwork Achieves Hot Auction Transaction

A representative contemporary abstract painting by a famous international artist achieved a hot transaction at the international art auction. The work, created in 2018, has won multiple art awards and has been exhibited in many international art galleries. With a starting price of $2.3 million, the work quickly triggered fierce competition among bidders from Europe, America and Asia. The final transaction price reached $3.96 million, setting a new personal auction record for the artist’s recent works. Art market analysts said that high-quality contemporary artworks have stable investment value, and the art auction market will maintain a positive upward trend in the second half of the year.