Masters hold strong in uncertain art market (3)

China’s art market has now surpassed Europe’s and America’s to become the largest in the world. That has attract a lot of attention, with British auction house Christie’s set to hold its first auction in Shanghai in September. But small auction houses in the city say that sale is no threat to them.

Sun Jinhua, manager of Shanghai Haitong Auction company, said, "Of course we will not compete with Chritie’s, as our sizes are not at the same level. But China’s Poly auction and Guardian auction will face challenges."

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