MALACCA: Shanghai’s reputed auction house Duo Yun Xuan is making debut in historic city.
The auction house specialising in art and porcelain items is investing RM50mil in Melaka to open an auction centre, the first outside China with the maiden auction to be held in August.
Chief Minister Datuk Seri Idris Haron said the auction house would be located in an existing heritage building at Lorong Hang Jebat near the tourist attractions of Jonker Walk, Hardrock Café and the Stadhuys.
“Besides a commitment to hold annual auctions, the company will also host exhibitions every two months on paintings as well as on ceramics and historical artefacts.
“The auction house will also provide 100 to 150 jobs when it operates at full capacity, targeting foreign bidders and local tourists,” he said after chairing the weekly state exco meeting on Wednesday.
Idris earlier witnessed the signing ceremony on the opening of the auction house here that was sealed between State Development Corporation represented by chief executive officer Datuk Baharam Mohd and Duo Yun Xuan represented by its chief executive officer Huang Wen Ching.
He said Malacca was chosen for its tourism extravaganza and capability to attract worldwide population and auctions’ potential customers.
On a separate note, Idris said Malaccans should preserve heritage buildings in the state for the benefit of younger generations.
He said apart from Portuguese and Dutch structures, most heritage buildings were constructed during the British rule.
“These buliding dates back to 1925 and would be a century-old structure in next 10 years with high historic values.
“Not only in core Unesco Buffer Zone but the buildings are even found in Asahan, Merlimau and Kuala Linggi,” he added