Sotheby’s Facing Increased Competition from China Guardian as Chinese Auction House Expands

August 11th, 2017

China Guardian, via SCMPThe SCMP has a piece on China’s China Guardian auction house, as the organization expands to go head to head against Sotheby’s in Hong Kong, and prepares a move to a massive new compound in Beijing. “With the extra space in Hong Kong, we can experiment with new categories – watches, jewellery – and new formats, such as a dedica­ted sale of local architect James Kinoshita’s art and furniture collection,” says China Guardian Chief Executive Hu Yan Yan. “It will be designed to resemble his home, as we want to encourage buyers to live with their collection rather than just keep it in a warehouse.”

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