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HONG KONG - A monumental work by British artist Damien Hirst, pictured, fetched more than $2,21million (about R15,5million) at an auction this week, making it the most expensive art piece sold in Asia.
The Importance of Elsewhere: The Kingdom of Heaven went under the hammer to an absentee bidder after attracting only two bids.
It is 2,9m tall and 2,4m wide, featuring thousands of colourful butterflies that Hirst collected himself and is a reflection on life, death and God.
Although the price fell short of the estimate of $18million, the auction house said it was satisfied with the result as the price was the highest fetched for Hirst's works in the region.
"It's a tough market, under the current economic climate. Buyers want quality pieces at a good price. I am happy enough to see the top pieces have attracted enough interest," Misung Shim, director of Seoul Auction, said. - AFP