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Hong Kong Diaries

Down to a fine art

Updated: 2015-10-16
By DJ Clark (chinadaily.com.cn)
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The rise of China as an economic power over the last 10 years has also seen the rise of Chinese contemporary art and investors, which has had a knock-on effect around the region. Singapore, on the other hand, is now positioning itself as the art hub for Southeast Asia while Hong Kong is still the art center of Asia. But is investment the sole reason driving the art market? People buy art simply because they “love art”. However, the financial component has started to creep in, adding “very few people buy art only for investment”. At the Hong Kong autumn auction sale last week, world auction records were achieved.

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