综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

More going, going, gone in China

By Sun Yuanqing | China Daily | Updated: 2013-03-13 15:43

More going, going, gone in China

Kevin Ching of Sotheby's Asia says its main strength is still in Hong Kong. [Photo / China Daily] 

International and Chinese auction houses move on to a bigger canvas

Sales may have dropped, but China's art market is still expanding.

After their first auctions in each other's territories last autumn, Chinese mainland auction houses are looking into further possibilities in Hong Kong, while the big Western houses try to establish themselves more in the Chinese mainland.

"Even at a much slower growth rate the long term outlook for art sales in China appears promising," says Vikram Mansharamani, a lecturer at Yale University and author of the Boombustolog: Spotting Financial Bubbles Before They Burst.

Beijing's Poly International Auction plans to hold seven auctions in Hong Kong next month, three more than last autumn.

China Guardian Auctions' vice-president Hu Yanyan says the company "will devote more to exploring the market potential in Hong Kong", and is trying to connect to the local art scene by launching a new category of paintings and calligraphy by contemporary Hong Kong artists.

Meanwhile, Sotheby's plans to hold a spring auction in Beijing, probably of contemporary paintings, jewelry, watches and wine, says Kevin Ching, CEO of Sotheby's Asia. This would be Sotheby's first official auction on the Chinese mainland following a single-item sale last September.

"The scale won't be very big, as our main strength is still in Hong Kong," Ching says. "We are still familiarizing ourselves with the procedures there. The scale will grow after one or two auctions."

Sotheby's set up a joint venture with the state-owned Beijing GeHua Art Co last year. It invested $1.2 million (917,400 euros) for an 80 percent stake in the new company. Ching expects the Beijing company to break even within 12 to 18 months.

The joint venture allows Sotheby's to become the first international company to hold auctions on the Chinese mainland.

Among other restrictions, Chinese law bars foreign auction houses from selling "cultural relics" that date earlier than 1949, which form a significant part of the Chinese art market.

This could be a major obstacle for the international auction house, says Ji Tao, a veteran auctioneer in Beijing.

"Everyone was talking about Sotheby's arriving in Beijing. It was big news. But no one is really worried about it because it's not allowed to sell cultural relics," Ji says.

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
天长市| 美姑县| 鄂托克旗| 科技| 临潭县| 克什克腾旗| 苗栗县| 洛浦县| 驻马店市| 宜君县| 拜泉县| 山丹县| 读书| 成安县| 安塞县| 沁阳市| 兴国县| 延边| 开封市| 股票| 柳林县| 兖州市| 常山县| 咸阳市| 武安市| 铜鼓县| 冷水江市| 景泰县| 临夏县| 湟中县| 元谋县| 峡江县| 赞皇县| 那曲县| 尼木县| 永济市| 宜春市| 塔河县| 西丰县| 巴马| 亳州市|