Source:
https://scmp.com/business/companies/article/1317049/christies-plays-down-shanghai-threat-hong-kongCompanies
Christie's plays down Shanghai threat to Hong Kong
One of the artworks on display before the Shanghai auction. Photo: SCMP
Christie's auction in Shanghai tomorrow, the first to be run independently on the mainland by a foreign firm, would not challenge Hong Kong's leading role in the art business in Asia, the British house's chief executive said.
Stephen Murphy conceded it would be easier for many mainland art investors and collectors to take part in the auction in Shanghai than for them to fly to Hong Kong, which requires visiting mainlanders to have a permit.