Zhang Daqian   張大千

Auction Revenue:US$287 million

Zhang Daqian (1898-1983), born in Neijiang, Sichuan Province, was the most legendary master in traditional Chinese painting of the 20th century. A prodigy, Zhang excelled in drawing, calligraphy, seal-cutting and classical poetry. Zhang was also known for his ability to imitate the various styles of the ancient masters.

However, although he retained his title of champion, the volume of transactions decreased by 60 percent compared to that of 2011. His best result in 2012 was generated by his 1948 "Cloud-Shrouded Mountains and River," which fetched US$7.85 million (including commission).

The highest record was generated by Zhang's 1947 "Lotus and Mandarin Ducks" (184.5cm × 95cm), which fetched US$24.57 million (including commission) at Sotheby's in Hong Kong in 2011.