Bidding on change
Updated: 2013-06-17 09:28
By Jules Quartly and Sun Li (China Daily)
|
||||||||
![]() |
| A Napoleon III gilt bronze chenet (circa 1870). Photo provided to China Daily |
As for the 150 or so Chinese collectors and buyers who attended, there appeared to be a lot of curiosity to see if the experiment worked and would be continued.
Du Rongrong, a buyer from Beijing, says she intended to buy a few relatively inexpensive items and learn more about the market price of Western furniture.
"I believe the free port auction pattern will be replicated in the future because it is a neat way of sidestepping China's present laws," she says.
![]() |
| Art of urbanity |
Former lawyer and collector Wang Shi, from Jiangxi province's Jingdezhen, says the free-port auction idea was a bright one but did not entirely overcome custom duty issues.
"While I hope China's auction market becomes more open, one of the biggest headaches for collectors is the tax issue, as buyers have to pay duties of up to 27 percent of the price."
He adds that Huachen's reputation and the involvement of Triple-A gave him confidence in the authenticity of the items, which is part of the reason the two partnered at the end of 2012.
The other principal mover behind this collaboration is Jiang Qiqi, CEO of the Beijing-based Epai Live, which she describes as the "Wechat and Taobao of the auction world".
Jiang says the Chinese market has three principal problems - transparency, custom duties and taxes, and trust among buyers.
"What we want to import from Triple-A is the credibility factor and to further build Epai Live into a bilingual system on which foreigners have the confidence to buy and to ensure that payments really are made," Jiang says.
Michelle lays roses at site along Berlin Wall
Historic space lecture in Tiangong-1 commences
'Sopranos' Star James Gandolfini dead at 51
UN: Number of refugees hits 18-year high
Slide: Jet exercises from aircraft carrier
Talks establish fishery hotline
Foreign buyers eye Chinese drones
UN chief hails China's peacekeepers
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Shenzhou X astronaut gives lecture today
US told to reassess duties on Chinese paper
Chinese seek greater share of satellite market
Russia rejects Obama's nuke cut proposal
US immigration bill sees Senate breakthrough
Brazilian cities revoke fare hikes
Moody's warns on China's local govt debt
Air quality in major cities drops in May
US Weekly
|
|

















