Posts found in 'Auction'
China's maturing luxury market and growing middle class mean that a number of big players are moving to cash in on the country's booming secondhand sales.
Once a long-time favorite at auctions, Bordeaux wine Château Lafite failed to make it onto the list of the top 10 lots at Christie's recent Hong Kong wine sale as Burgundy continues to dominate sales.
Prices of top works in Christie's upcoming Hong Kong Asian contemporary art sale lag behind those of comparable Western pieces sold in New York, but a growing Chinese collector base means that values are set to increase in the years to come.
As Bonhams solidifies its place in Hong Kong's Chinese contemporary art market, its upcoming auction targets mid-range collectors with pieces by artists such as Liu Ye, Zhang Xiaogang, and Yue Minjun.
As China's anti-corruption campaign rages on, luxury goods confiscated from officials are up for auction in Wenzhou this weekend.