The global auction market has long been dominated by Sotheby’s and Christie’s, but China Guardian and Poly Auction are catching up.
A preview of an October 2017 Poly Auction exhibition. Credit: SCHENG ahIM, Creative Commons
The world’s auction houses often serve as a mirror for confidence among the wealthy — rising and falling with the markets. Although international auction houses couldn’t operate independently in mainland China until 2013, the country has quickly emerged as a major force in the global auction market.
This week, The Wire introduces you to China's two biggest auction houses and examines the global art auction market.
Who’s Who
Christie’s is the world's biggest auction hous
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