HONG KONG.- Today at Sotheby’s Hong Kong Modern and Contemporary Southeast Asian Paintings Spring Sale 2010, Lee Man Fong’s seminal work Bali Life commanded HK$25,300,000/ US$3,243,590, setting the World Record for any Southeast Asian Painting and for the Artist at Auction. The entire Modern and Contemporary Southeast Asian Paintings Spring Sale 2010 totalled HK$69,292,000, comfortably surpassing the pre-sale high estimate (HK$34.5 million). Bidding of Bali Life opened at HK$4 million and the heated competition continued for a tension-filled ten minutes. After a total of 31 furious bids, Bali Life eventually sold for an astonishing HK$25.3 million (including buyer’s premium) to an Asian collector over the telephone, more than tripling the previous record for the artist. (The previous record for Lee Man Fong was also achieved by Sotheby’s Hong Kong when his Magnificent Horses sold for HK$8,180,000/