Skate's Market Notes
Poly: In Start of Global Expansion, a Quiet Power Establishes Permanent New York Presence
Beijing Poly International Auction Co. Ltd is not even seven years old, but it is the world's third largest auction house, selling RMB 12.2 billion worth of art (USD 1.9 billion) in 2011. It remains in the third spot so far this year, trailing behind Sotheby's and Christie's in terms of trading volume.
Skate's covered the rise of Poly on July 26, 2011, and this week we learned the latest updates from the company concerning their strategy and vision going forward...
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