The vibrant pulse of Hong Kong’s art and luxury market beats stronger than ever, as top auction houses in the region unveil new, swanky premises to cater to a dynamic year-round calendar of events and sales. The recent moves underscore the growing significance of Hong Kong as a vital hub in the global arts scene.
- Christie’s, a stalwart that has graced Hong Kong for nearly four decades, now calls The Henderson, a Zaha Hadid Architects-designed skyscraper in Central, its home. With three deluxe floors and a rooftop restaurant, Christie’s has cemented its position as a prominent player in the art world in the Asia Pacific region. This move symbolizes the region’s increasing influence on the global art stage, with Apac accounting for a noteworthy 21% of Christie’s global auction total.
- Sotheby’s, another powerhouse in the auction world, has opened a vast gallery and retail space in Landmark Chater earlier this summer. The space features five thematic galleries showcasing art and luxury objects, underlining Hong Kong’s role as a major player in the global art and luxury market.
- Bonhams, a relative newcomer from 2007, has also seen phenomenal growth in the region, with a 33% surge in spring sales reported in 2023. Their new auction base in Six Pacific Place is poised to cater to a diverse clientele, including young tech-savvy collectors seeking one-of-a-kind pieces through online auctions.
- Phillips, with its newly established Asian headquarters in the arts district of West Kowloon, is at the forefront of hosting successful watch and jewellery auctions. The recent sale of a Patek Philippe once owned by China’s last emperor for $6.2 million signifies the growing appeal of luxury auctions in the region.
This surge in activity in the luxury art market underlines Hong Kong’s allure as a key destination for collectors across the globe. The region’s strategic location and tax incentives continue to attract art connoisseurs, setting the stage for further growth and innovation in the years to come. Don’t miss out on the opportunity to witness history in the making as Hong Kong solidifies its position as an art and luxury haven. Let the mesmerizing world of art and luxury in Hong Kong inspire you as we witness the evolution of the global arts scene in real time.
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