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Asia's Booming Art Market

Sotheby’s and Christie’s Spring auctions in Hong Kong in April are seen as a barometer of Asia’s art market. This year's auctions saw record sales.

Contemporary and Modern paintings from China were the top sellers with one painting fetching the highest ever price for a contemporary Asian painting.

Over the past year China’s growing wealth has fueled prices and demand for art. In 2010, China accounted for 33 percent of global fine art sales. China continues to dominate the Asian art scene.

Click ahead to view Asia’s most expensive paintings sold via the two auction houses over the past year.

By Ansuya Harjani
Posted April 21 2011

"Bright Road" by Liu Ye, Source: Sotheby's