Hong Kong's Art Market Faces Challenges as High-End Gallery Closes
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The closure of Lévy Gorvy Dayan & Wei raises concerns about Hong Kong's art market. The gallery cites changing client behavior as the reason for closing, while other galleries open in Seoul and Tokyo. Despite challenges, Hong Kong remains important for artists and galleries. Office vacancy is high, rent has fallen, and some galleries are exploring alternative ways to maintain a presence. #HongKongArtMarket #GalleryClosure #Challenges #ArtIndustry...
#newstr #HongKong #ArtMarket #GalleryClosure #InternationalGalleries #AsianCollectors
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