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Oil painter Zhou Chunya topped the Hurun Art List with sales of his auctioned works hitting $75 million last year, according to the Hurun Report released on Wednesday in Beijing.
Zhou, 58, is the youngest artist ever to top the list.
The value of Zhou’s work has more than doubled since 2011 when he ranked eighth, according to the report, best known for its annual Hurun China Rich List.
As many as 222 of Zhou’s paintings were sold in 2012.
The most expensive one was a 1994 piece with stones as its theme, which was auctioned for 29.9 million yuan ($4.79 million).
Oil Painter Zeng Fanzhi, 49, came in second with $73 million in sales last year.
Renowned Chinese ink painter and calligrapher Fan Zeng, 75, took third place with $69 million in sales at public auctions last year.
Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading luxury publishing group based in Shanghai.
It has four luxury magazines, the Hurun Research Institute and a business events division targeting China’s entrepreneurs and high net worth individuals.