The first Christie's auction in mainland China brought $ 25 million
Chinese collectors have bought almost everything. The top lots were works by Picasso and Warhol, as well as necklace with diamonds and rubies
auction house Christie's yesterday held its first auction in mainland China. First of totally enclosed for Western auction houses market obeyed willingly. Under the first Christie's auction in Shanghai were sold 39 of 43 proposed lots (almost came to the white gloves), the revenue exceeded the total estimate is almost twice — $ 25 million vs. 16 million total ozenki@
to Start working with Chinese collectors "in their territory" in Christie's decided, so to speak, on the principle of "a little bit": a little art, a little wine, jewelry, watches. Mainland collectors responded in unison: up for auction were about 600 people, after each new betting hall applauded, a lot more lots left estimato@
In the picturesque selection of the most successful were Picasso and Warhol. For the painting of Pablo Picasso's "Seated man" (1969) argued five candidates, the hammer price was 11.5 million yuan (1.9 million dollars) in the upper estimate of 6.2 million yuan. And for classic silkscreen Warhol "Shoes with diamond grit" paid 4.8 million yuan (nearly 800 thousand dollars) — as part of the estimate of 3.8–5 million Juana@
Top lot in yesterday's auction was a necklace with diamonds and rubies of the company Fai Dee: while the estimate from 18 to 28 million yuan hammer price was € 21.1 million yuan (3,49 million).
we Can say that the Western troops auctioneers landed in mainland China quite successfully. However, against Christie's and others eager for Chinese million Western auction houses with the law on the protection of cultural heritage of China. According to this law, a large part of Chinese art and Antiques may not be taken on the implementation of foreign auction houses. That the Chinese government has relaxed these restrictions, while not a speech. But while Christie's don't expect to, and rejoice already reached capacity. Moreover, the growing interest of Chinese collectors to the West Iskusstvo@
Sources: bloomberg.com, artdaily.com, artinvestment.ru
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