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Everybody knows that the giant Western auction houses Sotheby's and Christie's are looking East for growth. Now, it seems that China's two major auction houses, Poly International Auctions and China Guardian Auctions, are both looking to move into the Western auction market — or at least woo the west's moneyed collectors.
 
Kou Qin, the vice president of Guardian, China's second-largest auction house, and the vice secretary-general of China Association of Auctioneers, has publicly stated that Guardian is considering opening an office in London. The announcement came in an address to a seminar audience at London's School of Oriental and African Studies. (The speech took place way back in July, but the Art Newspaper reported the news Friday morning.)
 
Word of Guardian's ambition comes hot on the heels of rumors of similar expansion plans for Poly, China's top auctioneer. Forbes reported in May that Poly is considering opening an office in New York later this year, citing a speech by managing director Li Da, who said that the house was looking to help build up its customer base — apparently outside of mainland China.

Poly is fast becoming a global giant to be reckoned with. Recently, it became public knowledge that it was planning an IPO, possibly as early as the beginning of 2012.