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SEP 26, 2013 - Business Insider

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Christie's Sells $25 Million Worth Of Art, Jewelry, And Wine At Its First-Ever Auction In Mainland China

Christie's held its first independent auction in mainland China Thursday with artworks including Pablo Picasso and Andy Warhol, marking its full-fledged entry into a market considered a key growth engine for global art sales. Hundreds of people attended the auction as more than 40 items -- from Western masterworks and Asian contemporary art to jewellery, watches and wine -- went under the hammer to fetch 153 million yuan ($25 million). Among the highlights, a Picasso painting titled "Homme assis" -- and produced in 1969, one of the legendary artist's most productive years -- fetched 9.6 ... Read More

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