London Art Collector Charles Saatchi Unloaded German Paintings

London art collector Charles Saatchi unloaded several German paintings in favor of Chinese works at Phillips de Pury & Co. on Saturday. [from Bloomberg]
Among the works Saatchi sold were Martin Kippenberger’s Paris Bar (1993) for £636,000 ($1.29 million), more than double its high estimate. Purchases at a later sale included Zhang Xiaogang’s Bloodline Series (2005), for £804,000.