Tuesday, April 2, 2013

Whither China’s art market?





After the high values achieved in recent New York Asian art auctions, the art world’s eyes focus to Sotheby’s Hong Kong, with Chinese selling art, jewellery and wine this week.


Sotheby’s also held up well in New York, selling over US$41 million (HK$318.3 million) of Chinese ceramics and classical paintings – way above the US$22 million (HK$170.8 million) minimum expected, while Christie’s sold US$45.7 million (HK$354.8 million) – nearly three times the estimate, reported Britain’s Daily Telegraph. Bonham’s made healthy sales of US$9million (HK$69.9 million).









via Business feed http://www.scmp.com/comment/blogs/article/1205335/whither-chinas-art-market

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