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Billionaire Plans to Part With $35 Million Painting at Hong Kong’s Art Basel

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A vibrant abstract painting by Willem de Kooning, “Untitled XII,” will be among the top highlights of Art Basel Hong Kong, an international fair that opens next week. Priced at $35 million, the canvas will be offered by Levy Gorvy Gallery. Asian billionaires have been snapping up Western masterpieces at…

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