"China's Art Mogul Liu Yiqian Auctions Rare Modigliani Masterpiece"
Liu Yiqian, one of China's top art collectors known for his extravagant purchases of Chinese antiquities and Western artworks, is surprising the art world by selling 40 artworks, including a Modigliani painting, through Sotheby's auction in Hong Kong. The auction, the largest from a single owner that Sotheby's has held in Asia, is seen as a significant event in the Chinese art market, which has been facing challenges due to the country's slowing economy. The decision to sell part of their collection has attracted attention, and the auction is expected to raise between $95 million and $135 million.