Sotheby’s sold Zhang Daqian’s 1982 hanging scroll ‘Peach Blossom Spring’ for a record HK$240 million last year. Photo: Nora Tam

Hong Kong’s auction houses looking at a stormy 2017 if buyers can't get money out of China

Capital controls could reveal full impact of China’s economic slowdown on city’s auctions, at a time when market is facing growing competition

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Sotheby’s sold Zhang Daqian’s 1982 hanging scroll ‘Peach Blossom Spring’ for a record HK$240 million last year. Photo: Nora Tam
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