It is becoming abundantly clear that all the major London auction houses are vying with each other to establish themselves in pole position in what they see as the lucrative Chinese market.
The main competitors presently are Sotheby’s and Christie’s and it is understood that Bonham’s, currently for sale on the market itself, will also likely join the race as soon as its future is determined having recently opened opulent new premises in Hong Kong’s Pacific Plaza.
This week, Christie’s have made some important announcements.
- Christie’s Shanghai is opening its new home at a historical landmark building on the Bund
- A new category of Chinese Contemporary Design to be featured at the Shanghai Autumn Auction on 24 October, in addition to Asian and Western 20th Century and Contemporary Art evening sale and a Prestigious Lifestyle sale
- A ground breaking and cross-category private sales exhibition, The Art of The Horse, tours Shanghai and Hong Kong
One year after its ground-breaking inaugural sale in mainland China, Christie’s announces the opening of a new home and a multi-purpose art space at Shanghai’s historical Bund. To mark the occasion, Christie’s will present its Shanghai autumn auctions on 24 October featuring an evening sale of Asian and Western 20th Century and Contemporary Art, a Prestigious Lifestyle sale, and the launch of a new category of Chinese Contemporary Design. A private selling exhibition, The Art of The Horse, will be the opening exhibition at Christie’s Shanghai on 21 October, and tours to Hong Kong in November.
Christie’s are establishing themselves on Shanghai’s historic Bund on the banks of the Huangpu River. Photo by Paul Harris
Located in the heart of The Bund, the historic commercial centre of the city graced by its most elegant buildings, Christie’s Shanghai is housed at the Ampire Building which was built in 1907 and has been part of the urban landscape over the past century. The combination of heritage and style is a perfect match for Christie’s. Covering an area of nearly 1,000 square meters for exhibition galleries and offices, Christie’s Shanghai will serve as a convening place for collectors and art lovers by holding exhibitions, lectures, events, private sales, and embodies the same spirit of similar spaces developed by Christie’s in New York, London and Paris.
“Shanghai blends a fascinating history and a dynamic spirit, which makes it one of the great cultural centres in the world. The character and elegance of the classical building on the Bund, which has become Christie’s new ‘home’, is a perfect illustration of the uniqueness of this city. It will provide an ideal setting for us to continue developing our activities, with an expanded programme of auctions, exhibitions, lectures and events tailored to the interests of Chinese collectors,” said François Curiel, Chairman of Christie’s Asia Pacific.
Since setting up as the first international auction house in China in 1994 with a representative office, this latest landmark in Christie’s history demonstrates the auction house’s commitment to China and its art market.
Jinqing Cai, President of Christie’s China, said, “As we continue to expand in China, Christie’s new art space will allow us to accommodate the many activities that we have planned for China. Our mission is to become an integral part of the art community in China while promoting great works of art by Chinese artists and creative talents globally. The launch of our Chinese Contemporary Design category, for example, is also part of our plan to offer exciting initiatives to art lovers in China and worldwide. After being exhibited at Christie’s Paris, Hong Kong and New York, the collection will be offered at Christie’s Shanghai autumn auction.”