Classy fare in cool market

The upcoming China Guardian Auctions' sales are expected to witness renewed interest in the country's cultural legacies, especially in art. Lin Qi reports.

The art market in China has been cooling over the past three years, generating fewer records and a less competitive air in the salesroom.

Auction houses have, however, tried to enthuse bidders by offering fewer but better quality pieces with moderate presale estimates. As a result, artworks that boast a sound source of origin and which have not appeared on an open market for years are being bought.