China Guardian Auctions Company in the near future to open a branch in London, and its main competitor, the auction house Poly International, in 2012, will be released to the stock market

China Guardian Auctions, the second yield auction house in China and fourth — in the world, perhaps in the near future will open a branch in the UK capital. The Vice-президент company, Qin kou (Kou Qin) said during his speech held in London in July, a seminar organized by the University of London School of Oriental and African studies in cooperation with the Chinese Association of auctioneers. Vice-президент China Guardian noted that now the company management is discussing this issue, however, did not name the exact date of opening of the branch.

the Main competitor of China Guardian, the auction house Poly International Auctions (according to the website Artprice, the third most successful auction house in the world in 2010), recently announced planned at the beginning of 2012 the initial public offering of its securities (of withdrawal to the exchange platform). As they say in their latest report experts Baltimore research company Stifel Nicolaus, such a measure "will increase the transparency of the market of mainland China".

the Material was prepared by Maria Astrova, AI

Source: theartnewspaper.com, artinvestment.ru