Auction house Phillips expects Chinese buyers to drive art sales as market proves resilient to Covid-19 pandemic


Source: scmp.com scmp.com

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Phillips is hopeful of setting a record for its upcoming fall contemporary art auction with Beijing-based partner Poly Auction China, the world’s third-largest art market worth US$11.7 billion in 2019, will continue to fuel growth of auction sales despite travel restrictions Phillips is hopeful of setting a record for its upcoming fall contemporary art auction with Beijing-based partner Poly Auction. Even as the coronavirus pandemic wrecks havoc on the global economy, a handful of businesses such as art auctioneers have proven resilient and even thrived, clocking record sales as they bolster their limited physical auctions with a much larger online...