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Tokyo Chuo Auction announced today (November 3) the official launch of its first overseas sales location in Hong Kong, which has been set up to leverage the city's sophisticated art auction market and expand the auction house's regional reach.
Tokyo Chuo Hong Kong will host a debut art auction later this month featuring 220 Chinese antique pieces, said the founder of Tokyo Chuo Auction, Mr Ando Shokei. Tokyo Chuo Auction is also committed to fostering art and cultural exchanges between Japan and Mainland China.
"As one of the three most important auction centres in the world, Hong Kong plays a pivotal role in art transactions. It is home to many serious art collectors and professionals with connections to the global art scene. Tokyo Chuo Auction is pleased to expand its business to the city and make use of its advantages to expand our business in Asia," said Mr Ando.
"With its geographic and historical advantages, Hong Kong presents a great opportunity for us to engage international collectors. Tokyo Chuo Auction believes this strategic move should be promising and propel the growth of the company. In future, the company will invest more resources into this international cultural hub to promote the appreciation of Chinese fine art," he added.
Associate Director-General of Investment Promotion, Mr Andrew Davis, welcomed Tokyo Chuo Auction opening its first overseas sales location in Hong Kong. "Hong Kong has a thriving art scene and is attracting a growing number of overseas auction houses. Together with the access to the huge number of high net-worth individuals in the Asia-Pacific region, Hong Kong is the best place for overseas auction houses to set up and from which to expand their business in the region." said Mr Davis.
About Tokyo Chuo Auction
Established in 2010 in Japan, Tokyo Chuo Auction aims to offer exceptional works of art at auction and to support cultural and art events. To further develop its business activities in the region, Tokyo Chuo Auction set up its Hong Kong office in 2013 and has been working closely with different specialists and collectors as well as building a professional team in Hong Kong to meet its quest to collect the finest Chinese art in the region. For more information, please visit: www.chuo-auction.co.jp/en/.
About Invest Hong Kong
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to take responsibility for 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 of June 2014, InvestHK had completed over 3 300 investment projects, creating more than 36 400 new jobs in the first year of operation or expansion and over HK$88 billion of investment. For more information, please visit: www.investhk.gov.hk.
For event photos, please visit www.flickr.com/photos/investhk/sets/72157648687925439/.
Ends/Monday, November 3, 2014
Issued at HKT 12:21
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