CHINA TOPIX

Chinese Billionaire Collector Liu Yiqian Buys Modigliani Painting for Record $170.4 Million

Elena Garcia   |

Nov 11, 2015 10:01 AM EST

Liu Yiqian, a Chinese billionaire collector, is known for shelling out millions in order to acquire Chinese artworks, but he also has an eye for western masterpieces. Liu Yiqian and his wife Wang Wei bought Amedeo Modigliani's 1917 painting of a reclining nude "Nu Couche" for as much as $170.4 million - the second highest auction price ever paid for artifact after a Picasso painting sold at Christie's for $179.4 million in May, Forbes reported.