City guide · China
Buying ultra-luxury watches in Shanghai
Shanghai is mainland China's primary luxury watch hub. Same tax stack as Beijing (~40-50% effective). Christie's Shanghai watch auctions have grown substantially since 2020. New cultural shift toward Chinese-domestic independent watchmakers (Atelier de Genève partnerships).
Tax & import regime
| VAT / sales tax | 13% VAT + 20% consumption tax (>USD 1,500) |
|---|---|
| Import duty | 13% |
| Market tier | Primary Mainland Chinese Hub |
Auction houses · Shanghai
- Christie's Shanghai
- Poly Auction Shanghai
Key retailers
- Hengdeli Group network
- Mainland Patek/AP boutiques (limited)
Best for
Selling to the mainland Chinese market. Chinese-collector-specific dial variants.