Another painting by H.H. Dorje Chang Buddha III Entitled "Loquat" Sold for an Astronomical Price
This Six-Square-Foot Painting Sold at Auction for US$10,200,000
At the fall auction of Gianguan Auctions in New York, which just concluded on September 12th, a paint ing by H.H. Dorje Chang Buddha III entitled “Loquat” sold for a price of US$10,200,000. Once again, a painting by H.H. Dorje Chang Buddha III was sold at auction for an astronomical price. This painting is not large, as its size is only six square feet. The bidding opened at a price of US$9,200,000 and concluded with the winning bid of US$10,200,000, which is once again a sky-high auction price for a painting by H.H. Dorje Chang Buddha III. The US$1,700,000 per square foot price for this painting is a new world record in terms of square foot price, surpassing the previous world record of US$1,650,000 per square foot that H.H. Dorje Chang Buddha III created at the spring auction earlier this year. As a result, “Loquat” became the most outstanding piece of the entire fall auction.