SHANGHAI.- Following the monumental Radiance: The Basquiat Show in Shanghai and record-breaking autumn sales in Hong Kong, Christie's announced a new business initiative in China — the relocation of its Shanghai office and art space to BUND ONE, No. 1 East Zhongshan Road in spring 2022.

In line with Christie’s history of anchoring our offices and galleries in the heart of major global cities such as London, New York, Hong Kong, and Paris, our new Shanghai office is located in a century-old historical building with a premium location in the heart of Shanghai’s art and culture scene, situated in the alluring and iconic Bund district.

Completed in 1916, BUND ONE was the tallest building on the Bund at the time. Featuring an architectural style combining Baroque and Modernist, BUND ONE is now a new cultural landmark in Shanghai housing multiple art spaces. Once in residence, Christie’s will interact more closely with neighboring art institutions, engaging collectors and art lovers with more exciting art events and interactive experiences.

The only international auction house licensed to hold live auctions in the Chinese mainland and with art spaces there, our new Shanghai home will have a total area of 1,600 square meters. It will be designed with flexibility in mind, to facilitate a myriad of events including auctions, preview exhibitions, private sales, cultural salons, and public arts education. We also continue our commitment to the environment and sustainability. Material selection and design for the new space will adhere to guidelines which will help ensure that we remain on track to achieve our goal of net zero carbon emissions by 2030.

Christie’s investment in China extends beyond maintaining a physical presence and infrastructure there. Our investment strategy also focuses on personnel, made evident by the appointment of Rebecca Yang to the position of Chairman, China in August this year, and in digital innovation, as exemplified by our multifunctional WeChat Mini Program which offers clients an optimal digital auction experience.

Francis Belin, President, Asia Pacific, commented, "The year 2021 has been a strong one for Christie's globally, with another spectacular edition of autumn sales in Hong Kong. Asian collectors, including those in China, have played a key role. China has always been a strategically important regional market for Christie's. We believe that the move to our new Shanghai office and art space will further strengthen our relationship with our clients and begin a new chapter in Christie's China development.”

Rebecca Yang, Chairman, China, added, "Having opened our Shanghai and Beijing art spaces in 2014 and 2016 respectively, we are delighted to be deeply involved in China's flourishing art scene. The new Shanghai space will enable us to engage more proactively with collectors, artists, and institutions from home and abroad, and to plan a richer variety of events including exhibitions. We look forward to embarking on more exciting art journeys alongside art lovers and collectors.”