Unroll the Scroll Painting: Inside the Chinese Art Market and Its Regulatory Landscape
LexBlog IP
APRIL 15, 2022
When Christie’s Auction House first entered the secondary art market of mainland China in 2005, it licensed its brand to a local auction house and received a total of RMB 97,000,000 (roughly $12,100,000) for its inaugural sale. [1] Challenges: exchange control and tax. 22] The tariff rate sometime would also be affected by geopolitics.
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