Is Hong Kong Enough? How Some Western Art Dealers Are Cracking Mainland China
Last year, Christie’s, Sotheby’s, and Bonhams made bullish investments in Hong Kong, opening new headquarters even as demand for art in China flagged. This was in keeping with tradition. Business-friendly Hong Kong has long been the preferred base of operations for Western auction houses and galleries looking to serve the world’s second-biggest art market. Since…
