Small Auction Houses Compete in Crowded Hong Kong Market

October 7th, 2013

As auction houses clamor to enter the Chinese art market, a number of independent auction houses have already sprung up in Hong Kong.  Focusing on narrow, more focused thematic sales, companies like Spink Phila China, China Guardian and Bonhams have sought to capture a larger size of the already thriving market for art and antiques.  “Once I was in London visiting Sotheby’s, and I was told they are jealous of China Guardian since some of their international markets are narrowing while our market is expanding,” said Kou Qin, director and vice president of China Guardian. “China’s economy is booming while other countries have been depressed over many years.” Read more at The New York Times