Titled "1.3.1964 - Painting Relief", the artwork was sold by international auction house Bonhams.
One of the most sought-after paintings of British-Taiwanese minimalist artist Richard Lin, which was exhibited in a post-war German art exhibition titled 'documenta III' in 1964, sold for over Rs 5 crore in Hong Kong.
Titled "1.3.1964 - Painting Relief", the artwork was sold by international auction house Bonhams on Monday.
As per Bonhams, the artwork made of oil, aluminium and perspex on canvas, echoes a realm of quietude through its understated palette and geometric harmonious composition, serving as an epitome of Lin's disciplined pursuit of simplicity.
The work is the largest of the artist's only three works selected to exhibit at 'documenta III' in 1964, the third edition of the leading international contemporary art exhibition in Kassel, Germany.
Established in 1955 on a post-war idealism to restore modern international art that were banned under the Nazi regime, 'documenta' aimed to revive global culture and civilization at the time.
The exhibit featured 353 international artists, including Lin.
The painting appeared on the market for the very first time after 55 years.
Indo-Asian News Service
An original drawing used for the first published "Tintin" cover was sold at auction on Saturday in Dallas for $1.12 million, the Heritage Auctions house told AFP.
The lost study for the painting by the French Romantic painter which inspired generations of artists including Paul Gauguin, Vincent van Gogh and Paul Cezanne was discovered in a Paris apartment 18 months ago.
The Norman Lykes House in Phoenix, the last residential property Wright worked on, will be up for bid on Oct. 16, according to Heritage Auctions. There will be no minimum starting bid required, the Auction house said in a news release.
K-pop -- along with K-drama soap operas -- has been one of South Korea's most successful cultural exports to date.
At 35, she’s married to a kind and crazy-handsome judge, has adopted his sweet teen daughter and lives in a tony Long Island neighborhood.
A painting by the Nigerian artist responsible for the "African Mona Lisa" sold at auction in London on Tuesday for £1.1 million after the family who owned it googled the signature and realised its importance.