You will have seen that Sotheby's is set to become the first international auction house to begin selling in China.
Under a 10 year agreement the auctioneer will be based at a free port near Beijing airport.
The move aims to build upon the superb auction performances seen in Asia of late. In Hong Kong last year, which of course already has free port status, Sotheby's achieved more than $1bn in sales.
I can only imagine the negotiations and bureaucracy that Sotheby's has undertaken to break this new ground.
But you can be sure that the auction house believes it is worth it. It will now be better positioned to tap into the country's booming economy, growing number of millionaires (1.4m at last count - the world's third highest) - and subsequent increase in demand for top of the range collectibles.
Figures from the 2011 European Fine Art Foundation report, which found that China had overtaken the US as the world's largest art market, prove the point.
Emerging economies - good news for you
And looking at the wider picture, Sotheby's expansion into China is indicative of a move away from a focus solely on Western auctions, and a realisation that growing economies around the world are set to transform the market over the coming years.
I'm talking about the BRIC (Brazil, Russia, India, China) and MIKT nations (Mexico, Indonesia, South Korea and Turkey).
Let's use India as an example.
India will overtake China as the most populous country in the world by 2050, with 1.69bn inhabitants, says the Population Reference Bureau (PRB).
And India's middle class will grow from 5% of the population to 40% by 2027, reveals research from the McKinsey Global Institute (MGI).
These two facts combined suggest that collectibles buying in the country is set to soar over the coming decades.
This may prompt some of you to consider investigating Indian artists or postage stamps that will become hot property over the coming years.
Yet I want to stay focussed on the bigger picture. Because as China, India and other booming economies produce growing numbers of wealthy inhabitants with the means and desire to purchase collectibles, competition for the best pieces, across a wide range of assets, will grow, and subsequently so too will values.
It's why I'm so optimistic about the future of collectibles, be it art, stamps, coins or wine. And why you should be too.
Get in touch today to discuss how best to invest and capitilise on these emerging markets.
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One last thing: It would be remiss of me not to mention that you have just one day left to bid on the many incredible items available at PFC Auctions' online sale. Take a look here.
Until next week,