The 2012 spring auction of Xilingyinshe Auction Co., Ltd, southern China's largest art auction house, concluded on Tuesday in Hangzhou with a turnover of 772 million yuan (122 million U.S. dollars).

About 88 percent of the 3,000 items exhibited at the four-day event were sold. A calligraphy work by Huang Daozhou (1585-1646), an artist working during the Ming Dynasty, was auctioned for 19.55 million yuan after 121 price markups, making it the biggest winner of the auction, according to a statement from Xilingyinshe.

A painting of Zhu Da (1626-1705) went for 10.83 million yuan.

A set of 90 gold bricks forged between 1419 and 1911 in the Ming and Qing dynasties sold for 9.6 million yuan.

Xilingyinshe Auction Co., Ltd, established in 2004 in Hangzhou of east China's Zhejiang Province, specializes in the sales of Chinese paintings, calligraphy, inkstone, oil painting and sculptures.