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China art auctioneers face off with foreign rivals

October 9, 2012 • Business


Staff members listen to collectors’ offers on the phone during the autumn sale of China Guardian Auctions Co., in Hong Kong Sunday, Oct. 7, 2012. Chinese and international auction houses are encroaching on each other’s territory in Hong Kong and Beijing for the first time this autumn sale season as they step up the battle for the Asian art market. (AP Photo/Vincent Yu)

HONG KONG (AP) — Chinese and international auction houses are encroaching on each other’s territory in Hong Kong and Beijing for the first time as they step up the battle for the Asian art market.

China Guardian Auctions Co., the country’s second biggest auction house, held a small sale of Chinese ink paintings, calligraphy and furniture last weekend in Hong Kong, its first outside Login to read more

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