Hong Kong poised to become world's second-largest art hub

The city’s art auction market share grew by 6% over the last decade.

Hong Kong is set to surpass London as the world’s second most important art hub with the government’s proactive policy initiatives, according to MDRi.

According to Hong Kong Art Centre, the measures in the Policy Address closely align with its development goals, building on the direction for cultural and artistic development set by the Culture, Sports and Tourism Bureau.

According to MDRi's 2025 report, Hong Kong's art auction market share grew by 6% over the last decade, outperforming London (-9%) and New York (- 2%).

Despite a 33% drop in auction sales to $4.48b (US$576m), lower price segments saw increased activity, signalling expanding opportunities for millennial and Gen Z collectors. 

($1=US$0.13)