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Time At Christie's
Jinqing Caroline Cai began her position as the first Managing Director of the China branch of Christie’s on June 1, 2012. She leads the branch from the Shanghai location, serving as a consultant on Chinese and global art markets and overseeing all events put on by Christie’s China. Cai was in charge of the company’s first auction in mainland China which, combined with three days of exhibitions, lectures, and private sales, earned RMB 154 million (USD $25 million). According to Jinqing Caroline Cai before the September 26, 2013 auction, the goal of Christie’s China is to “allow Chinese buyers direct access to our global network and expertise… the Shanghai auction company will open new channels for us to source and promote Chinese art directly.” On October 22, 2014, under Jinqing’s guidance, Christie’s opened a new building for galleries and offices close to the tourist district known as The Bund. In its first year since the opening auction, Christie’s office in Shanghai has sold contemporary Chinese art, modern art, and fine wine and jewellery. During the series of sales celebrating the one year anniversary of its first auction, the most expensive artwork Christie's China sold was Zeng Fanzhi’s Untitled 06-3, which earned RMB 19.5 million (USD $3.2 million). According to Cai, the three auctions reached iRMB 132 million (USD $21 million) in total and sold about 150 pieces.