There is no axis click event. If we expose such event we can give custom info to the client about this axis. For the time being the event can the attached through the chartObject:
		<script>
			function pageLoad() {
				var chart = $find("<%=ColumnChart1.ClientID%>");
				chart._chartObject.bind("axisLabelClick", chart_axisLabelClick);
			}
			function chart_axisLabelClick(e) {
				alert(e.value);
			}
		</script>
		<telerik:RadHtmlChart runat="server" ID="ColumnChart1" Width="600px" Height="400px">
			<PlotArea>
				<Series>
					<telerik:ColumnSeries Name="Product 1">
						<SeriesItems>
							<telerik:CategorySeriesItem Y="15000" />
							<telerik:CategorySeriesItem Y="23000" />
							<telerik:CategorySeriesItem Y="10000" />
						</SeriesItems>
					</telerik:ColumnSeries>
				</Series>
				<XAxis>
					<Items>
						<telerik:AxisItem LabelText="Item 1" />
						<telerik:AxisItem LabelText="Item 2" />
						<telerik:AxisItem LabelText="Item 3" />
					</Items>
				</XAxis>
			</PlotArea>
			<ChartTitle Text="Product sales for 2011">
			</ChartTitle>
			<Legend>
				<Appearance Position="Bottom" />
			</Legend>
		</telerik:RadHtmlChart>