Overseas Asian Sales
The Asian auction held by Nagel (33% buyer’s premium) in Stuttgart on May 20 and May 21 saw a larger influx of mainland Chinese dealers than for their last major Asian sale in November despite the fact that until two days before the auction the German government had placed a moratorium on visa applications in response to the SARS outbreak.
“Two days prior to the sale we had 35 visa applications from mainland Chinese,” said Michael Trautma…