Art lovers find HK a growing cultural paradise

For Hong Kong officials, the city boasts a strategic location in Asia that links the Chinese mainland and the world. In addition, Hong Kong's low tax rate and thriving art fairs have attracted art lovers from all over the world to participate in the city's art trading events, said Secretary for Culture, Sports and Tourism, Kevin Yeung Yun-hung.

"These qualities have contributed to the emergence of Hong Kong's art trading and auction market, making Hong Kong one of the world's top three art trading centers," he said.

Sotheby's, which considers Hong Kong as its primary hub in Asia, is capitalizing on the city's expanding art market and leveraging its "free-market economy, efficient business infrastructure, and well-established professional services".

Nathan Drahi, managing director of Sotheby's Asia, says Hong Kong is a prominent global art hub with robust cultural and commercial foundations. "Its strategic location makes it easily accessible for clients from the Asia-Pacific region and beyond."