By: China’s Mega-Collectors - ikonotv

[...] Barbara Pollack reports for Artnews: “China’s mainland auction houses, led by China Guardian and Poly International, both of Beijing, brought in nearly $5 billion in sales in 2011, according to the annual report from Artprice, the French art data analysis firm. And Christie’s and Sotheby’s Hong Kong raised another $1.8 billion (Sotheby’s and Christie’s are not permitted to operate auctions in mainland China). These figures were fueled by the rise of a new class of Chinese mainland art collectors, who have made their presence felt both at auction and in galleries throughout the region. [...]