Yearender: Top 10 cultural events from 2016

Five Drunken Kings Return on Horses, by Ren Renfa [Photo provided to China Daily]

2. Highest price of Chinese artwork at auction this year: 663 million yuan

Five Drunken Kings Return on Horses by Ren Renfa, a prominent painter of horses and also a high-ranking official in charge of water controls during the Yuan Dynasty (1271-1368), was sold for 663 million yuan ($96 million) at a Beijing auction on Dec 4.

The 2-meter-long color hand scroll fetched 303 million yuan, claiming the record for the highest paid Chinese artwork at auction this year.

Related: Chinese painting sets record at Beijing auction