Zwirner Wants to Open Gallery in Hong Kong ASAP, or, As Soon As Rents Come Down

The South China Morning Post has a breathless report that David Zwirner is eager to open a space in Hong Kong:

“A couple of years ago, we thought we would just come to the art fair. Now, I’m convinced we need a gallery here,” said the founder of the eponymous New York and London gallery during a whirlwind visit to meet local clients.

Christopher D’Amelio, senior partner in the gallery, said it wanted to have a permanent presence in Hong Kong “as soon as possible” after witnessing a steady growth in its Asian business.

But the interview goes on to say that Zwirner is wary of having to pay up in a declining real estate market:

He said he had yet to find a suitable space and was prepared to wait for Hong Kong’s retail rents to fall further.

Top art dealer David Zwirner looking to open gallery in Hong Kong (South China Morning Post)