Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

HK’s H Queen Looking To Be City’s Gallery HQ

September 6, 2016 by Marion Maneker

Henderson Land H Queen

Within this innocuous real estate story about the gallery building in Hong Kong that is being purpose built for Pace, David Zwirner, Pearl Lam and eventually others is the information that Zwirner makes 20% of its sales in Asia now. The building is only half leased and not expected to open for another year. By then, or maybe because of the opening, Zwirner’s Asian sales may be significantly more than 20%:

Henderson Land, which is controlled by billionaire Lee Shau-kee, has signed up seven international galleries and auction houses for a new 24-storey art building that will cement Hong Kong’s place as the third most important city in the industry after London and New York. The building, which is in the heart of central Hong Kong, has been specially designed to attract galleries, with high ceilings and a crane that can lift heavy artworks straight on to each floor.

“There’s a lot of growth in the arts here but a lack of good space for galleries in Hong Kong,” said Kristine Li, deputy general manager of leasing for Henderson and the granddaughter of Mr Lee.

HK property developer hangs hopes on art market (FT.com)

More from Art Market Monitor

  • Hirst at the WallaceHirst at the Wallace
  • 548-Image Trove of Edward Weston Prints Made by His Son to Be Offered at Sotheby’s for $2-3m548-Image Trove of Edward Weston Prints Made by His Son to Be Offered at Sotheby’s for $2-3m
  • K Auction to Run Pop-Up Show of Korean Abstract Art in New York During Frieze Art FairK Auction to Run Pop-Up Show of Korean Abstract Art in New York During Frieze Art Fair
  • Does the Market Make It Art?Does the Market Make It Art?
  • Swann African American ResultsSwann African American Results
  • Hirst in TimeHirst in Time

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...