Gagosian, White Cube and Art Basel is one of the heavyweights in the world of art that come to Hong Kong
When the red light in the center of Hong Kong, which emit a sound like the beating of a frantic mechanical toy in a tin drum. Hordes of consumers, workers, women expatriates grow thin babies in strollers and senior fashion rush across the tracks, threaded through some of the most expensive real estate in the world.
Peddercoveted in the building, with its exceptionally high ceilings, Abercrombie & Fitch has taken a privileged place occupied retail Shanghai Tang, a luxury brand in China, and the payment is, as Sir David Tang, a businessman from Hong Kong and worldly ", about 5 million pounds per year in rent." The state of the art in malls with customers all day. Brands like Louis Vuitton to stagger the hiring queues stretching around the block.
Hong Konginflux began after the British handover in 1997, when the relaxed borders, visas have become more readily available and mainland China were to happen. The richest of China has become, rather than traveling to Hong Kong to buy.
"Luxury brands are projecting over-year growth of 35%," says Helen Willerton, former CEO of the Asia Pacific Chloe. "Continental Flying in a few days, saving money on accommodation by staying in hotels of three stars, and retail spending -. upscale watches, jewelry and fashion"
But 14 years after the handover, Hong Kong is not just about shopping. Forget the designer labels, this state of the city is booming cultural unfolds at breakneck speed. The market for Chinese art is now the second largest in the world after the United States with a global share of 23%. Unique position of Hong Kong, poised between China and the West, is to become a cultural reference.
Gagosian Gallery, which has spaces in New York, Los Angeles, London, Paris and Rome, was opened in the building in January Pedder. Earlier this month, White Cube announced the launch of its first outside the United Kingdom on 50 Connaught Road areas near the Mandarin Oriental hotel favored by the rich Western and Chinese seriously rich, a bar and Private members Tang "and the restaurant, the China Club, which contains a unique collection of contemporary Chinese art. Others are bound to follow. Four years in Hong Kong Art Fair, Art in Hong Kong, only to sell a 60% of PMI Group, parent company of the contemporary art fair the largest in the world, Art Basel.
"Basel will change the quality of the art fair," said Li Xin, director of business development in Asia Christie. "It is also at the same time as the sale of Chinese contemporary market Christie is young, but it always surprises me -. I am Chinese - by the way they quickly learn that the Chinese know nothing of Hirst [Damien], then. six months later, he knows everything. "
"They took 35 million pounds in six days," said Tang, who chaired two public forums called "How and Why" and "Why do writers write?". The speakers were David Starkey Tang, Nicholas Coleridge, Tom Parker Bowles and Gill AA, and events crowded. "Where do you find that the thirst for knowledge, zeal to learn?" said. "That's why I make my forum to access the mind." Starkey agreed, saying the 700 questions taught to fire him. "When I came to this show, I could not believe how many people it is inconceivable that this could happen in Britain. "
West Kowloon Cultural District is a semi-independent with HK $ 21.6bn (£ 1.7 billion) in the bank and a piece of land on which to build, with a master plan to be presented by Norman Foster Associates in September. New spaces for groups currently performing arts will be created, but M + is a museum built from scratch, including a permanent collection.
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