Millionaires are leaving Hong Kong, but its art scene is booming

The number of millionaires in Hong Kong has fallen by 4% in the last decade, according to Henley & Partners’ World’s Wealthiest Cities Report. However, one sector in the city is showing great promise – art. The Hong Kong Art Gallery Association recorded a 27% increase in member galleries between 2021 and 2023 and the world’s largest auction houses are upsizing to meet demand. CNBC spoke to rising artist Mak2 at Art Basel Hong Kong to learn more.

#CNBC #ArtofAppreciation #HongKong #Art
-----

Subscribe: http://cnb.cx/2wuoARM

CNBC International TV: https://cnb.cx/2NGytpz

LinkedIn:   / cnbc-international  

TikTok:   / cnbci  

Facebook:   / cnbcinternational  

Instagram:   / cnbcinternational  

Threads: https://www.threads.net/@cnbcinternat...

X:   / cnbci  

Telegram: https://t.me/cnbci

WhatsApp: https://bit.ly/CNBCiWhatsApp