BONHAMS OPENS OFFICES IN HONG KONG

Bonhams auction house opened its first Asia office in Hong Kong and will hold a sale of artworks and antiques in the city in May to tap a market dominated by Christie’s International and Sotheby’s, reports Le-Min Lim for Bloomberg. “Nothing in the global art market has been more dramatic in the last decade than the emergence of new art buyers in Asia,” Colin Sheaf, chairman of Bonhams Asia, said in a statement. Hong Kong will be “a springboard” to clients in China, Japan, India, South Korea, Indonesia, and Singapore, he said. London-based Bonhams said it will offer Chinese ceramics, jades, and contemporary Asian artworks at its Hong Kong auction on May 26, the first of three in the city this year.