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Sotheby’s displaces Armani at Chater House, upsizes to 24,000 sq ft exhibition space and cafe in Hong Kong
- The auction house’s lease for the two-storey space in Chater House starts in the fourth quarter of 2023, with the gallery due to open the following year
- The space will be used to host auctions and exhibitions and will also include a coffee bar similar to the one at its New York headquarters
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Sotheby’s, one of the world’s largest international auction houses, is expanding its footprint in Hong Kong.
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The New York-headquartered firm is leasing some 24,000 square feet of space in the retail podium of a prime office building in Central, which it plans to use for hosting auctions, exhibitions and a new concept cafe.
The expansion shows the auction house’s strategy to “bolster future growth in the region” as it plans to “anchor its position at the forefront of Hong Kong’s art and cultural landscape”, said Nathan Drahi, managing director for Asia at Sotheby’s.
The establishment of world-class museums such as the Hong Kong Palace Museum and M+, as well as the return of global art fairs, mark a new chapter in the city’s art scene, he added.
Sotheby’s “long-term” lease in Chater House will begin in the fourth quarter of 2023 , according to the landlord Hongkong Land. The two-storey space is currently occupied by the fashion label Giorgio Armani. Sotheby’s gallery is due to open in 2024.
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