Warhol "Mao" painting sold for $18m in Hong Kong

Warhol "Mao" painting sold for $18m in Hong Kong
Members of the media attend a pre-auction preview of ‘Mao’ by US artist Andy Warhol, 1973, acrylic and silkscreen ink on canvas, at a Sotheby's showroom in Hong Kong on March 17, 2017.

HONG KONG - An Andy Warhol portrait of former Chinese leader Chairman Mao Zedong has sold for US$12.6 million (S$18 million) at a Hong Kong auction, less than the US$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 US President Richard Nixon's historic trip to Beijing.

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