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AUCTION REPORT

Taking Care of Business

SANYU, Blue Chrysanthemums in a Glass Vase, c. 1940s, oil on masonite, 124.5 x 68.4 cm. Courtesy Christie’s Images Ltd.

Isn’t déjà vu delightful? Back in 2008, on the eve of the global recession, Italian-Bulgarian-American curator Carolyn Christov-Bakargiev opened her Biennale of Sydney. Four years ago Pace Gallery opened their Beijing space, and auctions for modern and contemporary art in New York and Hong Kong rang up far out totals of USD 1.2 billion.

This May, other brand-name galleries from Europe are betting on Asia by unveiling…

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