The Financial Times has posted an interview with Edward Dolman, Christie's International chief executive, in which Dolman explains the eastward shift in the auction industry. As emerging auction markets like China, Russia, and the Middle East heat up, auction houses like Christie's and Sotheby's have intensified their outreach and localization strategies, leading both to greater success particularly in places like Hong Kong. With the continuing strength of the New Chinese Collector, it is expected that this eastward shift will continue for the near future, particularly as Mainland interest in fine wine and Chinese contemporary art (as well as antiquities) continues to grow.
Click here to see the video.
The FT video comes on the heels of another interview Dolman did for The Economist a couple of weeks ago, in which Dolman discussed the current state of the art market and his expectations for the future: