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German Auctioneer Exhibits Chinese Art in Beijing

German-based Nagel Auktionen exhibited 50 pieces of selected Chinese art in Beijing from April 16 to 18.

According to the company, it was the first time for a German company to auction items in China, and the local auction will be followed an Asian Art Auction in Stuttgart.

"Chinese auctioneers have become more competitive on the international auction market in recent years", said Nagel owner Robin Ph. Straub. He continued, "A quarter of catalogue items auctioned by the Asian Art Department last year were purchased by Chinese auction houses. China will be one of the potential great markets in the coming future."

Founded in Germany in 1922, the Nagel Auktionen is one of the oldest and biggest auctioneers for fine arts and antiques. It will put 2,000 pieces of fine Asian art in its catalogue for this year's May auction.