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Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. [1] The choice of the winner is done by a lottery, whereby the bidders compete for a higher chance of winning. [1] It is also known as penny raffle, chance auction and tricky tray. [2] [3]
[1] [2] [3] It is particularly known for its sale of Chinese calligraphy and ink paintings. [4] [5] First founded in May 1993 by Chen Dongsheng, [6] China Guardian is China's oldest art-auction firm. [5] [7] China Guardian was a leader of the Chinese art auction market until the emergence of Beijing Poly International Auction Co Ltd in the mid ...
Beijing Hanhai (Chinese: 北京翰海; pinyin: Běijīng Hànhǎi), officially the Beijing Hanhai Auction Co., Ltd, is an auction house located in Beijing.Established in 1994, after the Chinese government began allowing the auction of relics, it grew under the management of Qin Gong to become one of the country's largest auction houses by 2003.
Pages in category "Chinese auction houses" The following 2 pages are in this category, out of 2 total. This list may not reflect recent changes. C. China Guardian; T.
China Poly Group Corporation (Chinese: 中国保利集团公司; pinyin: Zhōngguó Bǎolì Jítuán Gōngsī) is a state owned Chinese business group among 102 central state owned enterprises under the supervision of State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
Tian Cheng International was founded in 2011. Its market is focused on classical Chinese paintings as well as contemporary Chinese art and paintings. [8] In particular, jadeite is a stock luxury item auctioned at Tian Cheng International.
Losing bidders must pay the difference between their bid and the next lowest bid. The winning bidder pays the amount bid for the item, without top-up. In a Chinese auction, bidders make sealed bids in advance and their probability of winning grows with the relative size of their bids. [68]
Duo Yun Xuan (simplified Chinese: 朵云轩; traditional Chinese: 朵雲軒; pinyin: Duǒ Yún Xuān) is an art dealer and auction house, which was founded in Shanghai in 1900. It is located on Nanjing East Road in Shanghai. Duo Yun Xuan was the first company to hold art auctions in mainland China. [1] [2]