Christie’s Experts See Hong Kong as a Leader for Global Sales in Five to Ten Years

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HONG KONG (REUTERS).- Global auction house Christie’s rounded up a robust Asian sale series in Hong Kong on Wednesday with solid demand for Chinese antiques and paintings, a trend a Christie’s director said could make Hong Kong one of its leading markets within a decade. A number of major works, however, failed to sell given overly aggressive valuations, including a “famille rose” revolving Qianlong vase expected to fetch more than HK$200 million and an 18th century imperial “dragon and cloud” wooden screen. Christie’s, which competes with fellow auction goliath Sotheby’s (BID.N) in the global art space, sold about $5 billion worth