Mandarin Chinese auction house to hold fourth sale outside Hong Kong . Move may pose a threat to Christie 's and Christie 's market dominance . China 's art market has boomed in 1994 . Another Chinese auctioneer , Beijing Poly , ranks third after Christie 's and Sotheby 's . Chinese painters now outsell Warhol and Picasso at auction .
Mandarin Chinese auction house to hold fourth sale outside Hong Kong . Move may pose a threat to Christie 's and Christie 's market dominance . China 's art market has boomed in 1994 . Chinese painters now outsell Warhol and Picasso at auction .