Art dealers, collectors and gallery owners gather in Hong Kong for the annual Art Basel exhibition this week at a time when fairs are increasingly driving growth in the sector and collectors from across Asia are flocking to the financial hub.
Henrietta Tsui-Leung, owner of Hong Kong-based Galerie Ora-Ora and co-founder of the Hong Kong Art Gallery Association, believes there’s plenty of room for growth in the city’s art market.
“We only have 100 galleries in Hong Kong ... definitely below 120. Any established city like New York or London will have over 1,000 or 2,000. There is definitely a lot of wealth in Hong Kong as well. We have a lot of room for growth,” she said.