A painting by Chinese artist Qi Baishi set a record for modern art andcalligraphy   on the mainland when it sold for 425.5 millionyuanat anauction   on May 22. The sale was a milestone  in the auction of modern and contemporary artworks. The price meant its value had risen more than 2,000 per cent in six years . The work ,Eagle standing on pine tree with four-character coupleti , measures about 2.6 metres by 1 metre . It was the second highest price paid for an artwork on the mainland . A Song dynasty work by Huang Tingjian was sold for 436.8 millionyuanin 2010 . Qi's painting was finished in 1946 when Qi was 86 , and was his largest work . With a starting price of 88 millionyuan, it attracted nearly 50bids in half an hour . Shanghai businessman Liu Yiqian said that the work had belonged to him and had cost less than 20 millionyuanin 2005 . The auction company said the work was brought back to the mainland after being bought from a private owner in San Francisco six years ago . China ranked first in global art sales last year , ahead of the United States and Britain . Four Chinese artists were among the top 10 in worldwide sales : Qi Baishi , Zhang Daqian , Xu Beihong and Fu Baoshi . Qi's works ranked second in sales to Pablo Picasso's last year . Qi was born into a peasant family in Hunan in 1864 . He taught himself to paint and focused on nature including plants , insects , birds and fish . He is mostly well-known for his paintings of shrimps . In 1953 , he was elected president of the Association of Chinese Artists . He died in Beijing in 1957 . Which of the following is TRUE ?
Qi finished the painting when he was young . The painting was once stolen by an American . The owner of this painting Liu Yiqian gained a lot of money . Pablo Picasso's works ranked second in sales to Qi's last year .