In the context of Put Down Your Whip (painting), analyze the Auction of the History.
Put Down Your Whip was sold on 7 April 2007 in an auction in Hong Kong by Sotheby's for HK$72 million (US$9.2 million), setting a record for the highest price ever paid for a Chinese painting at an auction. The painting was bought by an anonymous collector over the telephone after competition from at least four other bidders.In response to the auction, some art historians have criticized the explosion in the prices for Asian art, in particular over exuberant buyers for sending prices sky-high. Sotheby's Asia chairman Patti Wong, however, responded stating Xu's Put Down Your Whip would have sold well in any market.
Patti Wong HK$ Put Down Your Whip Sotheby's US$