Christie’s inaugural auction in Shanghai achieves total sales of RMB 154mil (US$ 25mil)
27 September 2013Christie’s inaugural auction in Shanghai saw a total sales achievement of RMB 154 million (US$25 million) after having completed three days of gala events, exhibitions, forums and private sales.
Amongst highlights was Cai Guo-Qiang’s gunpowder drawing, Homeland, which sold for RMB 15 million, proceeds going to the Quanzhou Museum of Contemporary Art Foundation, or, more precisely, towards the the soon-to-be-opened Quanzhou Museum of Contemporary Art (QMoCA).