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Masterpiece Auction House to expand Asian coverage through Hong Kong (with photo)

     Indonesia-based Masterpiece Auction House announced today (March 21) that its first auction in Hong Kong featuring Southeast Asian and Chinese modern and contemporary art works will be held this Saturday (March 26). The public preview will start tomorrow (March 22).

     Masterpiece Auction House recently opened an office in Hong Kong to help expand its market share of the growing Asian modern and contemporary art market, said the President Director of Masterpiece Auction Private Limited, Mr Benny Oenardi Raharjo.

     The company plans to host two auctions in Hong Kong every year showcasing artworks - paintings in particular - by established, emerging and young artists from Southeast Asia and Asia. It will also provide junior painters with an opportunity to introduce their work, which will help increase their international exposure.

     Mr Raharjo said, "The art market in Hong Kong has been buoyant, with more and more people buying artwork not just for the love of it, but as part of their financial and investment portfolio. Our entry into Hong Kong, a key art hub of the region, will allow Masterpiece Auction House to grab a larger slice of the growing Asian modern and contemporary art market."

     Associate Director-General of Investment Promotion Dr Jimmy Chiang said, "Hong Kong has a strategic location in the heart of Asia and is close to the Mainland. Against this backdrop, art auction houses or related companies in Hong Kong enjoy unrivalled access to a huge number of high net-worth individuals in Asia Pacific, as well as a pool of seasoned art managers, art-specific transportation and logistics support."

About Masterpiece Auction House

     Founded in 2003, Masterpiece Auction House is recognised as one of the leading and the most dynamic auction houses in Indonesia, Singapore and Malaysia. It gives exposure to high quality of fine art, particularly with the vision of developing and raising the national and international exposure of Indonesian art, especially through the medium of paintings. For more information about the upcoming auction and preview, please visit

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 of December 2015, InvestHK had assisted over 3 820 companies which have created more than 41 200 new jobs in the first year of operation or expansion and over HK$101 billion of investment. For more information, please visit

     For event photos, please visit:

Ends/Monday, March 21, 2016
Issued at HKT 11:00


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