The Absolut Art Collection Tour is about to make its final stop in Shanghai after touring across Asia Pacific over the past few months.

The Absolut Art Collection, a celebration of art, creativity and popular culture, includes works by Andy Warhol, Francesco Clemente, Rosemarie Trockel, Béatrice Cussol and Angus Fairhurst, to name a few.

This will be the last chance to see the collection before it returns to Sweden. The exhibition will run from July 14th to 30th in Longmen Art Projects Shanghai.

China has overtaken the United States as the biggest auction market for art and collectable objects, after its sales more than doubled in just one year.

A report for the CVV (the French Auction Market Authority) said sales in China, including Hong Kong, grew 137 percent in 2010 to 10.8 billion dollars.

China now holds 34.3 percent of global market share, compared to 24.2 percent in 2009, said the authority, a public body that regulates the auction industry in France.

Described by Boat International as “one of the world’s most amazing super yachts, that could spell the future for efficient long range cruising”, the striking 42.5m Trimaran Adastra is currently under construction at McConaghy Boats in China.

This one-off trimaran designed by John Shuttleworth is being built for Hong Kong clients Anto and Elaine Marden with interstellar voyages in mind.

The Beijing government has halted sales of the most expensive luxury apartment complex in the Chinese capital and launched an investigation into the developer for possible “profiteering”.

The high-end penthouse in Beijing’s Haidian district had an asking price of more than 300 million yuan (US$46.2 million), or 300,000 yuan (US$46,300).

Beijing’s housing authorities on 3 June suspended the sale of the unit, along with 22 other units in the Diaoyutai No 7 Complex.

Whereas once they were the uniform of London’s elite movers and shakers, the legendary Savile Row cut of suit has slowly been making inroads into China.

And a collection of the British capital’s finest bespoke tailors now has big plans to extend its reach across the nation.

Gieves & Hawkes — founded in 1771 and the oldest and largest bespoke tailor on Savile Row — has just announced plans to open 10 new stores across mainland China this year alone, to go with the 90 already established in the country.

Lotus Cars Ltd announced its official foray into China on Wednesday, seeing the huge potential from China’s surging super sports-car market.

The British sports-car maker has authorized Symphony Lotus Ltd as its importer and distributor around the nation with the launch of a new logo to avoid confusion with the local Youngman brand which already uses the “lotus” name (Lianhua in Chinese).

It will start first with an outlet in Beijing — expected to open in October — before moving into the cities of Shanghai, Chongqing and Guangzhou by the end of the year.