Christie’s Tests Old Master Market in China

December 21st, 2012

Sandro Botticelli The Madonna and Child with the Young Saint John the Baptist in a LandscapeChristie’s will offer Sandro Botticelli’s “Madonna and Child With the Young Saint John the Baptist” in Hong Kong next month. The work has a presale estimate of $5 million and should be an indicator of interest in a non-Christian Eastern market. The auction house is hoping that the subject matter could translate as a emotional scene between mother and son. Ken Yeh of Christie’s Asia stated that “When you spend that kind of money, you have to think about resale value,” he said. “It’s no longer just to decorate your house.” Read the article via The WSJ