Christie’s Claims First Independent Art Auction in Mainland China – artmarketblog.com
Christie’s will become the first international art auction house to operate independently in China when they hold their first auctions in Shanghai beginning autumn 2013. The announcement by Christie’s comes six months after Sotheby’s were granted a license to conduct auctions in China in conjunction with the state-owned Beijing GeHua Art Company.
Steven P. Murphy, Chief Executive Officer of Christie’s says, “This development makes Christie’s the first international auction house able to directly conduct auctions in China under its own brand, and will offer collectors a more direct access to our global network and expertise. The art market continues to grow at a tremendous rate due to the burgeoning interest in art particularly in Asia and China; now Christie’s will be able to engage with our clients in Shanghai in the same way that we have done over many years in London, Paris, New York and Hong Kong.”
Christie’s has had a presence in Mainland China since 2005 when Beijing based Forever International Auction Company Limited (“Forever”) was granted a license to use the Christie’s name. Christie’s established a further presence in Mainland China in December 2012 with the launch of an art market education program in conjunction with the Shanghai based China Europe International Business School (CEIBS).
**Nicholas Forrest is a Sydney/London based art market analyst, art consultant and writer. He is the founder of the Art Market Blog (artmarketblog.com) which offers independent commentaries as well as research and analysis on the current art market, and has recently been published in Fabrik magazine, Verve magazine, Visual Art Beat magazine, Australian Art Collector magazine, Art & Investment magazine and many others. Nic has made several radio appearances (both nationally and internationally) as an art market expert and has received press from the likes of the New York Times, Conde Nast Portfolio and Times of London.
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