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Auction house seeks IPO as art sale boom swells Hong Kong spring auction takings

Tokyo Chuo Auction has filed for a stock market listing in Hong Kong to fund expansion as it seeks to ride on strong demand for art and other collectibles in Asia. The Japanese auction house is a young, and niche, player in the market, specialising in Chinese and Japanese antiques, paintings and tea ware. It was founded in 2010 by Ando Shokei, a Japanese national born in China who also goes by his Chinese name, Liao Xianggui. Modigliani sells for US$157 million, and it’s only fourth most...

from South China Morning Post - Culture feed https://ift.tt/2LFddeP
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