Prized Warhol's 'Mao' painting sold for US$12.6 million in Hong Kong

An Andy Warhol portrait of former Chinese leader Chairman Mao Zedong is sold in Hong Kong for US$12.6 million (S$17.6 million).

HONG KONG (REUTERS) - An Andy Warhol portrait of former Chinese leader Chairman Mao Zedong has sold for US$12.6 million (S$17.6 million) at a Hong Kong auction, less than the US$15 million it was expected to fetch.

The painting was sold to a private Asian collector at Sotheby's evening sale on Sunday (April 2).

Warhol began his series of silk-screen portraits of Mao in 1972 when ties between then Cold War foes China and the United States began to thaw after US President Richard Nixon's historic trip to Beijing.