************************************************************
US-based Heritage Auctions announced today (December 9) that its newly opened Hong Kong office will hold its first coin and currency note auction tomorrow (December 10).
The opening of the new Hong Kong office is in response to the tremendous growth of the rare collectible coin and currency note market in the region, the Director of Asian Operations at Heritage Auctions, Mr Kenneth Yung, said.
The auction house will host two major sales every year auctioning collectible coins and currency from Mainland China and the surrounding region. Valuable coins and currency notes are among over 39 categories of collectibles that the company offers for auctioning.
Mr Yung said, "Hong Kong has a strategic location in the heart of Asia and is close to the Mainland. The Hong Kong office will help us better serve our clients in the region, as it is an important nascent market for numismatics."
He added, "Hong Kong as a regional logistics hub also has an efficient and convenient transportation network locally and regionally. This will provide convenience for our clients to transport and sell their items anywhere in the region."
Associate Director-General of Investment Promotion Dr Jimmy Chiang said, "By setting up in Hong Kong, you enjoy unrivalled access to a huge number of high net-worth individuals in the Asia-Pacific region. Therefore, the city is indeed one of the best places for auction houses to set up and from which to expand their business in the region."
About Heritage Auctions
Established in 1976, Heritage Auctions is the largest collectibles auctioneer and third largest auction house in the world, as well as the largest auction house founded in the US. It offers a wide range of collectibles, ranging from valuable coins and currency notes to fine and decorative art items such as entertainment and music memorabilia, vintage and couture handbags and more. For more information, please visit www.ha.com/hk.
About Invest Hong Kong
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As at June 2015, InvestHK had assisted over 3,700 companies which have created more than 40,200 new jobs in the first year of operation or expansion and over HK$99 billion of investment. For more information, please visit: www.investhk.gov.hk.
Ends/Wednesday, December 9, 2015
Issued at HKT 15:38
NNNN
