March 2-8, 2007
Master Wan Ko Yee’s Painting Was Sold at the Price of 300,000 US Dollars per Square Foot
The Painting at the Price of 900,000 US Dollars Was Not Sold
AN auction held by International Buddhism Sangha Association took place on February 7, 2007 in San Francisco. Three Chinese paintings were displayed. One of the paintings entitled “Two Flowers; One Lotus Capsule; One Dharma Nature” was sold at 300,000 US dollars per square foot.
The world renowned Great Buddhist Dharma King Wan Ko Yeshe Norbu (also known as the great artist Master Wan Ko Yee) donated three valuable paintings as gifts to International Buddhism Sangha Association. At the time of the auction of these three paintings more than 10 people expressed an interest in buying them. After several competitive bidding rounds, the lotus painting was sold to an English collector Ian Hamilton at the price of US$300,000 per square foot. Another painting, “Plum Blossoms”, was sold at US$210,000 per square foot. However, the most anticipated painting, “Pasture in Spring (a shepherd boy herding cattle)”, was not sold at this time. “Pasture in Spring” was considered the most valuable of the three donated paintings. Even though the buyer raised the price to US$540,000 per square foot, the seller insisted that the price cannot be below US$900,000 per square foot. Therefore, this transaction was not completed because of the great difference between the prices.