Hong Kong: where art thrives - Hong Kong Economic and Trade Office, San Francisco

Hong Kong’s ascendance in the global art market continues to be one of the great success stories in Asia. Despite prevailing economic conditions, the city recently overtook London to become the second-biggest contemporary art auction market in the world after New York City. Yet, the reasons for Hong Kong’s rise go far beyond its auction houses. The city has a robust cultural ecosystem, including dedicated venues and facilities, as well as ground-up support from the local community. With significant funds already set aside by the government, Hong Kong is set to reach even greater heights in the art world.