Chinese billionaire Liu Yiqian dropped HK$348 million ($45 million) on a 15th-century Tibetan tapestry at a Christie’s auction in Hong Kong on Wed.

The price surpassed the HK$214 million he paid last spring for a Chengua-era ceramic cup -- a piece called the Chicken Cup in reference to its imperial allegorical depiction using poultry. Chicken Cup held the auction record price for a Chinese work of art.

Liu plans to show the pieces in his new Shanghai museum.

The silk tapestry, or thangka, is embroidered with Buddhist deities, and carried a pre-sale estimate of HK$80 million.