The works of Fu Baoshi enjoy great fame both at home and abroad. His paintings have repeatedly set new record prices in the Chinese art market. In 1996, his painting “Procession of Beautiful Women” was sold for 10.78 million yuan at China Guardian Auctions, setting the highest auction price for modern Chinese paintings at that time. In November 2003, at the autumn auction held by Zhongmao Shengjia in Beijing, a set of Fu Baoshi’s “Poetic Landscapes of Mao Zedong” was successfully auctioned for 19.8 million yuan. This price not only broke the world auction record for Fu Baoshi’s artworks, but also marked a new high in the mainland Chinese auction market for Chinese paintings.
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