Sotheby’s opens a Gallery in Hong Kong
International auction house Sotheby’s was opening a large art gallery in Hong Kong yesterday, in a bid to tap China’s growing appetite for fine art. The 15,000 Sq foot (1,394 m2) space in Central HK will allow Sotheby’s to hold more auctions on top of its current spring and fall sales. This is the third gallery for Sotheby’s after London and New York.
Asian clients are very important for us now quoting Sotheby’s Asia Chief Executive Kevin Ching. “Asia will remain a very important growth area for the auction firm and it accounts now for onw third of their sales in terms of revenue”. The opening exhibition will be with Japanese artist Yayoi Kusama as well as French landscape paintings from the 19th and 20th centuries by Claude Monet and Jean-Baptiste-Camille Corot.
Leading Western galleries are clamouring for space in the city, with a string of recent openings linked to the huge Hong Kong International Art Fair that finishes today.