Art auction

Author: Qin Chunrong
Publisher:
Publish Date: 2004-06-01
Features: Auction plays an indispensable role in the operation of China's current market economy with its principles of "openness, fairness, impartiality, and good faith." At the same time, as a unique transaction method, auction is also attracting increasing attention from all aspects of society. Looking back at China's reform and opening-up since the 1980s, the auction industry has only been revived for a mere dozen years, yet the trend of art auction has far outpaced the average growth rate of the entire auction industry. The reasons are mainly as follows:
1. Political stability and social harmony, with sustained development as a shining example.
2. The rapid expansion of the collection community, improved taste, and enthusiastic investment.
3. Gradual market regulation and the growing perfection of laws and regulations.