auction

Christie’s to Auction Art on the Mainland

Auction house Christie’s announced Tuesday that it had secured a license to operate independently in China, a move which will facilitate direct access into the world’s largest art and auction market. From The New...

Chinese Developers Wary at Land Auctions

As criticism of land grabs and forced demolitions continues, the Wall Street Journal reports that despite signs of a rebound in the property market, Chinese developers are skittish at land auctions: A number of cities, including...

Almost Half of Chinese Auction Bids Unpaid

China is now the world’s largest art market. Yet, despite rules that full payment must be received within six months, many large bids made in China’s art auction houses last year remained unpaid when this time limit...

Ying Ma: Finding China, in Far-Flung Lands

Ms. Ma is a New York-based lawyer. She writes on The Wall Street Journal: The nationalist frenzy arrived quickly. As soon as Chinese art collector Cai Mingchao refused to pay for two bronze sculptures for which he had...

Chinese Vow to Halt Sale of Emperor’s Bronze – David Eimer

From Telegraph.co.uk: The proposed sale of a rare bronze statue, looted from Beijing by British and French soldiers in 1860, has run into powerful opposition from China, where there is rising anger over the millions of Chinese antiquities held by foreign museums and collectors. The beautifully preserved bronze horse head, which originally adorned the summer […]

Wanzhou Government Auctioned – Chongqing Morning Post

From Chongqing Morning Post via Yulun Jiandu, translated by CDT: On Aug. 4, the Wanzhou district government office building in Chongqing City was auctioned for 32.6 million yuan. The buyer, one of the two bidders, of the landmark 25-story is Three Gorges Hydropower Group. The auction was the third of the Wanzhou government’s attempt to […]

China plans to auction one unprofitable state-owned railway – xinhua

From Xinhua via People’s Daily Online: A 62-kilometer state-owned railway in South China will be sold off soon, which may possibly become the first railway in China to be completely owned by non-public investors. The state-owned Luoding Railway Co., an unprofitable coal carrier servicing two undeveloped cities in South China’s Guangdong Province, has been announced […]

China to Auction Historic Mao Portrait – AP

From AP via the New York Times (link): A portrait of China’s founding communist leader is getting the ultimate capitalist treatment. The painting of Mao Zedong that was used as a model for portraits hung above Beijing’s Tiananmen Square in the 1950s and ’60s will be sold at auction June 3. The painting is expected […]

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