New kid on the auction block unfazed by competitive market

PUBLISHED : Tuesday, 22 May, 2007, 12:00am
UPDATED : Tuesday, 22 May, 2007, 12:00am

Colin Sheaf, the chairman of auction house Bonhams Asia, will later this week spearhead their first auction in the city, entering the hyper-competitive market occupied by Christie's and Sotheby's.

Sheaf is not put off, having had 30 years in the business, and quite a few of those at Christie's. A long-time Hong Kong fan, he opened Christie's in Hong Kong in the 1980s when he was a callow youth.

The most expensive thing on offer at the auction on Saturday is a 14th-century Chinese porcelain vase that should go for between HK$20 million and HK$40 million while Sheaf does all that fast talking on stage.

Bonhams Asia's inaugural Hong Kong auction will be of fine Chinese works of art and paintings, Asian contemporary art and the Green Willow Hall Collection of Jade Carvings at the Asia International Arts and Antiques Fair. You can sneak a peek on the two preceding viewing days at AsiaWorld-Expo.