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    Christie's to operate on the mainland without local partner

    By Wang Zhuoqiong | China Daily | Updated: 2013-04-11 07:19

    Christie's International PLC, one of the two largest global auction houses for fine arts, said it will become the first international auction company to operate on the Chinese mainland without a local partner.

    The company, which was established 247 years ago, said it won a license to hold auctions in Shanghai starting this fall.

    Steven Murphy, the company's chief executive officer, said in a statement that the move makes Christie's the first international auction house able to directly conduct auctions in China under its own brand, and will allow it to offer collectors a more direct access to its global network and expertise.

    Christie's to operate on the mainland without local partner

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