Opinion | More pandas are great, but let’s also grow Hong Kong as a city of art
While Hong Kong remains one of the world’s leading auction capitals, the worth of having a healthy arts scene must also be recognised
I had the chance to see the artworks up close at the preview, and all that beauty on display was so euphoric and uplifting that my Monday blues melted away and I walked out of the space with a lighter step. No wonder art is increasingly emerging as a form of therapy.
This level of public access to the arts in Hong Kong is commendable, and entirely in keeping with our standing as an arts and cultural hub. Hong Kong remains one of the world’s four leading auction capitals, alongside New York, London and Paris.
In fact, the Hong Kong art market has generally been on an upward trajectory over the past decade, reaching a high of US$1.8 billion in 2021. For auction lots in the US$10 million-plus price bracket, Hong Kong’s sales volume increased fivefold, from US$90.6 million over the decade, beating both Paris and London in 2021.