Liaoning International Auction Co., Ltd was founded on Mar. 1997 in Shenyang Fenghuang Hotel, and after careful preparation, the first session of auction was ready. 128 pieces of works from Fu Baoshi, Guan Shanyue, Li Keran, Qi Baishi, etc gathered at the auction site, and the illustration brochure carrying these 128 pieces of works expressed the determination and confidence of the company on the northeast market. Warm invitations have been sent to the domestic and overseas collectors. On Sept. 26, the first session of auction on calligraphies and paintings were held in Shenyang , and at 1 o ' clock pm and under the spotlights, the auction hall with capacity of 300 people. Mr. Du Chunguang himself chaired this auction. “Stone and Chicken” by Liu Haisu was concluded at 150 thousand yuan, “The Sunshine of Tashkent” by Wang Shenglie at 320 thousand yuan, while the “Figure” co-authored by Fu Baoshi and Guan Shanyue concluded at 450 thousand yuan, which hit the record of the auction and the highest record in the same year in Liaoning Province. The final sales volume of 1.78 million yuan wakens the domestic market and welcomed the first spring of calligraphy and painting market.

　　After the auction, the leaders from the provincial government highly appraised the company. Yang Renkai, the honorary curator of Liaoning Provincial Museum and the famous connoisseur, donated his works to the company as greetings after he heard that the auction was successfully held.

　　The sales volume of this auction has lost its value as reference, and especially during the rapid development of northeast market, the company also develops rapidly. For the company in these ten years, we have established a good system and trained a lot of talents. In these ten years, we have also experienced the process from the initial imitation to city tour auction and then to the development of branded enterprises, and we also see clearly the promising future of northeast collection market when we are astonished at the glorious achievements.

　　After the success of the first auction, we made full use of our advantage as a relic institution, and in 1998, we started to explore the cooperation with relic companies around China in order to realize a linked development, and so we put forward an idea of “city tour auction” . By the analysis and planning for half a year, the “city tour auction” was successful held in Dalian , and later, such auction was successively held in Harbin , Anshan , Jinzhou , and Panjin etc. The historic contribution of such auction to the northeast market is that it provided a price basis and that it established an invisible transaction rules and encouraged the enthusiasm of collection.

　　As the rapid development of Chinese relic market and the strong demand of public investment, the company suggested at the right time to develop the market of fine collections. At the same time, the high-end customers can be separated by mass collection market by weekend auction, so the two-line development enables the company to provide more effective service targeted at the different customers when the company effectively development the market.