01/07/2013 07:43 am ET Updated Mar 09, 2013

Warhol Tops Picasso Sales, Richter Leading Living Artist

Andy Warhol has supplanted the Chinese ink painter Zhang Daqian as the world's biggest seller at auction.

Works by the U.S. pop artist fetched $380.3 million in sales in 2012, also beating Pablo Picasso, according to figures compiled by the database Artnet (ART) for Bloomberg News. The two western artists -- who died in 1987 and 1973 respectively -- had totals exceeding those for 80-year-old Gerhard Richter, the top living artist, with Zhang tumbling to fourth place from first.

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