Evelyn Lin of Sotheby's expects the contemporary art boom to continue as increasingly wealthy Russian and mainland Chinese investors are looking to buy art. Hong Kong hosted its first contemporary art fair on May 14-18, 2008. Hong Kong has no import/export tax, unlike China, thus making it a logical place for dealers to do business. While Hong Kong is situated to become a leader in the arts trade, it is still not a cultural capital and people are hoping that the West Kowloon Cultural District will change the cultural topology for the better.
Onsite
LIN Evelyn, 
English
art market,  auction,  art fair
Apr 2008
Gafencu Men, Apr 2008, pp. 170–175
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