Jinqing Caroline Cai

Jinqing Cai is the President of Christie's China. Christie's is a prominent international auction house that had sales of $2.8 billion in auction sales and $661.5 million in privately brokered art sales in 2012.^[1] Cai earned her notability as a leader of the Christie's China by successfully holding Christie's first auction in China where Christie's earned USD $25 million.^[2] Before she was appointed as the senior vice president and managing director of Christie's China, she worked for the Brunswick Group, the New Alliance Consulting International, and the k1 Ventures.^[3]

Early life and education

Born and raised in Beijing, China, Jinqing Cai studied at Beijing University before she pursued overseas education. She studied Chemistry at Beijing University from 1986 to 1989, and transferred to Wellesley College on 1989. She received Bachelor degrees in Arts, Chemistry, and Economics. Then, she continued her education at Princeton University from 1991 to 1993 and received Master Degrees in Public Affairs, Economics, and Public Policy.^[3]

In February 1990, when Jinqing Cai was 20 years old, she was profiled by The New York Times on her experience in pro-democracy protests in China.^[4] She was then profiled by People magazine in April 1990.^[5] In October 1992, she was interviewed by the Chicago Tribune on her experience in the protests as well as women's rights.^[6]

Early career

In 1997, Jinqing Cai moved to Hong Kong and worked at a venture capital firm investing in media, entertainment and online business.^[7] She then returned to her hometown Beijing in 2002 and started her own public relations company called New Alliance.^[7] New Alliance worked closely on public relations among government, corporate and media organizations.^[8] Jinqing Cai, along with New Alliance, managed the first annual Davos-like Boao Forum for Asia.^[7] In 2005, Jinqing Cai joined Brunswick, a global public relations firm as a partner and specialized in financial communications and executive strategies. Some cases she worked on are CNOOC's Unocal buyout attempt and Geely's complete acquisition of Volvo.^[7]

Time at Christie's

Jinqing Cai began her position as the first Managing Director of the China branch of Christie's on June 1, 2012. She leads the branch from the Shanghai location, serving as a consultant on Chinese and global art markets and overseeing all events put on by Christie's China.^[9] Cai was in charge of the company's first auction in mainland China which, combined with three days of exhibitions, lectures, and private sales, earned RMB 154 million (USD $25 million).^[10] According to Jinqing Cai before the September 26, 2013 auction, the goal of Christie's China is to "allow Chinese buyers direct access to our global network and expertise… the Shanghai auction company will open new channels for us to source and promote Chinese art directly."^[11] On October 22, 2014, under Jinqing's guidance, Christie's opened a new building for galleries and offices close to the tourist district known as The Bund. In its first year since the opening auction, Christie's office in Shanghai has sold contemporary Chinese art, modern art, and fine wine and jewellery. During the series of sales celebrating the one year anniversary of its first auction, the most expensive artwork Christie's China sold was Zeng Fanzhi's Untitled 06-3, which earned RMB 19.5 million (USD $3.2 million).^[12] According to Cai, the three auctions reached RMB 132 million (USD $21 million) in total and sold about 150 pieces.^[13]

In January 2015, Cai was named to Foreign Policy magazine's Pacific Power Index, a list of "50 people shaping the future of the U.S.-China relationship."^[14]

References