Poly Culture Group has announced its forthcoming IPO, as well as that of its subsidiary, Poly Auction, the world’s third global auction house. The first public offering is to be made through the Hong Kong stock exchange, and is expected to bring $100 million to the company. This should allow Poly Auction to significantly increase its international visibility; the auction house could eventually become the first to offer sales on a global scale.
Artprice.com released 7th edition of its exclusive Contemporary Art Market Annual Report. This report analyses all auction sales results recorded between July 2012 and June 2013 for artists born after 1945.
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