{"id":19717,"date":"2013-04-19T18:15:00","date_gmt":"2013-04-19T18:15:00","guid":{"rendered":"http:\/\/www.randian.art\/?p=19717"},"modified":"2024-01-05T18:24:21","modified_gmt":"2024-01-05T18:24:21","slug":"christies-finally-gains-access-to-the-china-market","status":"publish","type":"post","link":"http:\/\/www.randian.art\/zh-hant\/christies-finally-gains-access-to-the-china-market\/","title":{"rendered":"Christie\u2019s Finally Gains Access to the China Market"},"content":{"rendered":"\n

After a three-year-long campaign for a license Christie\u2019s has finally been approved as the first international fine arts auction company to operate independently in Mainland China. For the past eight years, Christie\u2019s has been limited in China to a licensing deal with Forever International Auction Co. Now the 247-year-old company has signed its own agreement with the City of Shanghai and plans to hold its first auction this fall according to the New York Times<\/a>.<\/em><\/p>\n\n\n\n

Christie\u2019s Chief Executive Steven Murphy told the Wall Street Journa<\/a>l <\/a><\/em>that they ultimately chose Shanghai in favor of Beijing, because the city is about to open a spate of museums that will likely attract audiences from across Asia. The Wall Street Journal<\/em><\/a> further reports the city also has a surfeit of wealthy bankers who already collect art.<\/p>\n\n\n\n

Christie\u2019s rival auction house, Sotheby\u2019s, who opened a joint venture last year in Beijing with Gehua, a state-owned media and entertainment company, is tied to a local partner but owns an 80% stake. Besides a comprehensive auction license, Christie\u2019s can offer regular exhibitions, art import and exportation, art advisory, training and other services.<\/p>\n\n\n\n

The world\u2019s two biggest auction houses have long sought greater access to Mainland China. The announcement suggests that the Chinese government has further eased market restrictions.<\/p>\n\n\n\n

\u201cWe\u2019ve been dreaming about selling in China for many years,\u201d Fran\u00e7ois Curiel, president of Christie\u2019s Asia, told the Wall Street Journal<\/a>.<\/em><\/p>\n\n\n\n

Furthermore, this moment also marks a turn in the company\u2019s tumultuous relationship with the country: while Christie\u2019s has benefited greatly in recent years from the boom in the Chinese art market \u2014 the number of clients from Mainland China bidding at Christie\u2019s global auctions has doubled since 2008 \u2014 it fell into disfavor with the Chinese government in 2009. Two bronze sculptures, which were taken from the Summer Palace by foreign armies during the Second Opium War in 1860, were sold in Christie\u2019s auction center in Paris despite the objections of Chinese authorities \u2014 though in the end the auction was questioned as being sabotaged when a Chinese collector won the bidding but refused to pay.<\/p>\n\n\n\n

The company said the current agreement restricts it from dealing in \u201ccultural relics.\u201d Christie\u2019s spokesperson Luyang Jiang Hildebrandt <\/strong>told ARTINFO<\/a>.<\/em> The company will trade mostly in contemporary Chinese art, jewelry, wine and watches.<\/p>\n\n\n\n

Simultaneously, China\u2019s own formidable auction houses \u2014 Poly Auction and China Guardian \u2014 have been expanding beyond China. Both started selling in Hong Kong late last year in an attempt to establish international credibility as well as to compete with the world\u2019s two biggest auction houses where they are already well established.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a three-year-long campaign for a l … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[13284,13174,3008,13283,12252,13286,13285,69,11269,13288,13287,12520,13289,13290,13291,13292,12815,13293],"yoast_head":"\nChristie\u2019s Finally Gains Access to the China Market - \u71c3\u70b9 Ran Dian<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christie\u2019s Finally Gains Access to the China Market - \u71c3\u70b9 Ran Dian\" \/>\n<meta property=\"og:description\" content=\"After a three-year-long campaign for a l … Continue reading →\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/\" \/>\n<meta property=\"og:site_name\" content=\"\u71c3\u70b9 Ran Dian\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-19T18:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-05T18:24:21+00:00\" \/>\n<meta name=\"author\" content=\"Lien\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lien\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/\"},\"author\":{\"name\":\"Lien\",\"@id\":\"http:\/\/www.randian.art\/#\/schema\/person\/52a3fdee246825a3356b50e0c44bbeeb\"},\"headline\":\"Christie\u2019s Finally Gains Access to the China Market\",\"datePublished\":\"2013-04-19T18:15:00+00:00\",\"dateModified\":\"2024-01-05T18:24:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/\"},\"wordCount\":461,\"commentCount\":0,\"publisher\":{\"@id\":\"http:\/\/www.randian.art\/#organization\"},\"keywords\":[\"China Guardian\",\"Christie's\",\"contemporary chinese art\",\"Fine Arts Auction\",\"Fran\u00e7ois Curiel\",\"Luyang Jiang Hildebrandt\",\"Poly Auction\",\"Shanghai\",\"Sothebys\",\"Steven Murphy\",\"\u4e2d\u56fd\u5609\u5fb7\u56fd\u9645\",\"\u4f73\u58eb\u5f97\",\"\u4fdd\u5229\u62cd\u5356\",\"\u62cd\u5356\u8bb8\u53ef\u8bc1\",\"\u65af\u8482\u6587\u00b7\u58a8\u83f2\",\"\u6b4c\u534e\",\"\u82cf\u5bcc\u6bd4\",\"\u848b\u7490\u9633\"],\"articleSection\":[\"News\"],\"inLanguage\":\"zh-TW\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/\",\"url\":\"http:\/\/www.randian.art\/christies-finally-gains-access-to-the-china-market\/\",\"name\":\"Christie\u2019s Finally Gains Access to the China Market - 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