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Chinese Artist Ousts Picasso as Top Auction Earner

By Katya Kazakina

 |  Bloomberg News  

  January 13, 2012

Pablo Picasso has been dethroned. The world auction market’s top earner in recent years must yield to Chinese artist Zhang Daqian (1899-1983), according to a report from French research company Artprice. Zhang generated $506.7 million in auction revenue in 2011. Close behind was compatriot Qi Baishi (1864-1957) with $445.1 million. They lead a group of more than 450,000 artists tracked by Artprice. Picasso ranked fourth at $311.6 million.

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