We have a busy run up to the end of the year with involvement at several prestigious events in Hong Kong: CDO Innovation Forum, Hong Kong Fintech Week and Insurtech Insights Asia
Hong Kong is proving to be a magnet destination for the world’s top auction houses. Christie’s is moving its regional HQ to the new Henderson skyscraper this month, while Sotheby’s, Bonhams and Philips are all establishing themselves in the city. The reason, it would seem, is that to counteract the global slowdown in art sales, the auction houses are hoping to attract the ultra-high end of the Asian market who they believe are active in Hong Kong.
Singapore has long been associated with luxury, and the market for high end goods continues to thrive. According to Mordor Intelligence, the market is projected to register a CAGR of 4.64% between 2022 and 2027.
