Top auction houses Sotheby's, Christie's, and Bonhams expand in Hong Kong during pandemic-induced art market slump, targeting young Asian buyers.
Top auction houses Sotheby's, Christie's and Bonhams expand in Hong Kong amid pandemic-induced art market slump. Aiming to attract young Asian buyers, they're upgrading regional headquarters, focusing on sales under $1.3m and showroom auctions, and adapting to digital platforms. Despite pandemic challenges, they believe Hong Kong's strategic location, logistics, and legal frameworks make it ideal for tapping into other Asian cities.
July 28, 2024
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