Sotheby’s Hong Kong Specialist Sees Financial and Economic Turmoil as Opportunity

Sotheby’s Julian King speaks to Reuters about the firm’s upcoming Hong Kong sale. King pushes the idea that the current market turmoil surrounding China is actually good for the sale’s prospects as wealth Chinese look for a safe haven to store value:

A rare peach bowl from China’s last imperial  dynasty and a two-centuries old portrait of an emperor’s consort  by Italian painter Giuseppe Castiglione could each fetch up to $7 million when they go under the hammer at Sotheby’s autumn auction next month.The auction, set to take place on Oct. 7, will include 270 lots with a total estimated value of $103 million.

Rare Chinese bowl, imperial portrait among top lots at Asian art auction (Reuters)