Date
18 October 2017

Art auction marks Shanghai FTZ first, Xinhua says

The Shanghai International Artwork Trading Center became the first mainland auctioneer to put items under the hammer in Shanghai’s free trade zone on Saturday, Xinhua reported Sunday. The company sold 73 of the 90 items on the block for a combined 8.68 million yuan (US$1.42 million), with an unspecified item attracting the top price of 700,000 yuan, the report said.

– Contact HKEJ digest@ejinsight.com

TL/AC/SK

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