Femme Au Chignon Dans Un Fauteuil [Photo provided to chinadaily.com.cn]

3. Pablo Picasso's Femme Au Chignon Dans Un Fauteuil, $29.93 million, May 5

The chairman of Huayi Brothers Media, Wang Zhongjun, purchased Pablo Picasso's Femme Au Chignon Dans Un Fauteuil for $29.93 million at the Impressionist & Modern Art Evening Sale in New York in May.

The painting had remained in the Goldwyn family collection since it was acquired by Hollywood legend Samuel Goldwyn Sr. in 1956. While long-celebrated for their extraordinary legacy in Hollywood, Samuel Goldwyn Sr. and Jr. were both passionate collectors as well, and approached film in the same spirit with which they acquired important works of art for more than 50 years.