"Ink Lotus' By Contemporary Artist His Holiness Dorje Chang Buddha III Sells For US $16.5 Million

News provided by

Gianguan Auctions

16 Apr, 2015, 01:43 ET

NEW YORK, April 16, 2015 /PRNewswire/ -- "Ink Lotus," a painting by His Holiness Dorje Chang Buddha III, sold for $16.5 million at a recent auction held at Gianguan Auctions in New York. He is an American artist known for his Chinese paintings, oil paintings and sculptures.

Continue Reading
"Ink Lotus" by H.H. Dorje Chang Buddha III.
"Ink Lotus" by H.H. Dorje Chang Buddha III.

The painting was independently appraised by a licensed and certified art appraiser, who is an expert in taxation and estate settlement in probate court, for US $10.5 million. The appraiser is experienced in appraising the arts of calligraphy and painting for the Smithsonian Museum and the Metropolitan Museum of Art, among others. He has more than 40 years of professional experience.

The artwork was part of a fierce bidding war and represents the highest price paid for any work at the spring auction held from March 13th through 22nd.   

The artist is the highest world leader of Buddhism and has been recognized globally for his contributions to his religion with the World Peace Prize, the Presidential Gold Medal, and the Martin Luther King Award, among others.

His paintings are on display at the International Art Museum of America in San Francisco and the H.H. Dorje Chang Buddha III Cultural and Art Museum in Los Angles County, California.  The artist lives with his family in California.

"Ink Lotus," with two artists seals, contains the artist's statement in calligraphy that translates as: "An utter chaos strewn with broken strokes: a peculiar sight, yet wondrously endowed with soul-soothing charm."  The work is mounted, ink on paper, and ten square feet in size.

His Holiness' limited edition reproductions also hold the price record, exceeding that of such world-renowned painters as Picasso, Monet, Van Gogh, Cezanne and Gauguin.  The artist's limited edition of 200 copies of his "Carp in Lotus Pond," for instance, auctioned at $380,000 for one piece. 

Art by H.H. Dorje Chang Buddha III is expected to increase in value as the artist is now focusing solely on Buddhist activities, and will no longer pursue painting.

Contact:

Mary Frances Duffy
The Dilenschneider Group
212-922-0900
Cell: 917-854-6580
[email protected]

Photo - http://photos.prnewswire.com/prnh/20150413/198118

SOURCE Gianguan Auctions

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.