Lotus Studio by Qi Baishi.[Photo provided to chinadaily.com.cn]

A color shanshui (moutain-and-water) painting by Chinese artist Zhang Daqian fetched 103.5 million yuan ($15.2 million) at a Beijing sale on Saturday night.

A Copy of Juran’s Landscape was created in the late 1940s and exhibits Zhang's comprehensiveness in handling the mountain-and-water technique. It illustrates his in-depth research on classical Chinese ink paintings, based on which he developed a style of his own.

The painting made the top selling lot of China Guardian Auctions' "Grand View" evening sale of modern Chinese paintings.

In April, another Zhang landscape, Peach Blossom Spring, sold for HK$27 million ($35 million) at Sotheby's auction in Hong Kong, setting a record for the artist.

Guardian also hammered off Beauties, a figure painting by Fu Baoshi, at 66 million yuan, and Qi Baishi's landscape, Lotus Studio, at 52.9 million yuan.

The "Grand View" sale of modern Chinese paintings grossed 622.7 million yuan in total.