Kevin Ching News
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Christie’s chief executive officer Steven Murphy is the most powerful person in the art world, according to Art & Auction’s 2012 top-10 list.
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Sotheby’s said it has withdrawn a 20th-century Chinese painting valued at as much as HK$12.8 million ($1.65 million) after a Taiwanese Buddhist nun challenged its ownership.
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Sotheby’s has signed a 10-year joint-venture agreement to form the first international auction house in China, the company said.
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A Chinese Imperial jade seal and album of calligraphy are being re-offered for sale this week after their Asian bidders failed to pay.
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Sotheby’s five-day autumn sale got off to a mixed start during the weekend, setting a record for a Southeast Asian work and pulling another lot whose ownership was contested by a Buddhist nun.
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It was standing room only in Sotheby’s Hong Kong saleroom as auctioneer Quek Chin Yeow brought down the hammer on Fu Baoshi’s “Court Ladies,” the top lot in a HK$407.3 million ($52.5 million) sale of Chinese ink paintings.
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Sotheby’s Hong Kong spring auction sales fell 30 percent to HK$2.46 billion ($317 million) from a year earlier because there were fewer mainland Chinese buyers, Ming Pao Daily reported today, citing Kevin Ching, chief executive officer of Sotheby’s Asia.
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A marathon of competitive bidding by collectors of Chinese artworks pushed a Hong Kong auction to more than three times its estimate.
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A jade seal of China’s 18th century Qianlong emperor is one of the star attractions at Sotheby’s 3,200-lot Hong Kong auction that may raise HK$1.6 billion ($210 million) in a test of Chinese demand for art.
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Sotheby’s sold environmentally- themed art worth HK$2.2 million ($283,000) in a special sale to support a Hong Kong group dedicated to raising awareness of the city’s deteriorating air quality.
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