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You're reading: China art auctioneers eye slice of Hong Kong Market
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China Guardian’s sale of Chinese art and classical furniture in the former British colony follows its rise as the world’s third largest auction house on the crest of China’s art market boom, with sales of $1.77 billion last year.

“We want to win over more overseas market and buyers,” said Wang Yannan, the president of China Guardian and the well-connected daughter of former Communist Party leader Zhao Ziyang.

The sale, though relatively small, is seen as a symbolic foray by China’s top auction firm into the turf of goliaths Christie’s and Sotheby’s who have long dominated international auction hubs like Hong Kong, New York and London.

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