It is believed to be the second-highest amount paid for a piece of artwork at a Chinese auction.
Those looking for accurate antique appraisals might be interested to see that a Chinese scroll has been sold for $46 million (£28.84 million).
The item - the work of Chinese calligrapher Wang Xizhi, who lived in the Jin Dynasty around the fourth century - went under the hammer at the China Guardian autumn auction in Beijing on Saturday (November 20th), Xinhua reports.
And according to the news agency, the price is the second-highest paid for a piece of art at an auction in the Asian country.
Li Feng, assistant to the director of the Shanghai-based Minsheng Art Museum, said: "The exact record of who passed on the artwork to whom is a decisive factor for its price."
The news provider believes one of the earliest records of the script goes back to between 1049 and 1063.
This comes after a Chinese vase fetched £43 million earlier this month, despite a valuation of £1.2 million.
Posted by John Folwell