Sotheby’s Relocates Modern and Contemporary Hong Kong Sales to New York

Amid increasingly turbulent conditions in Hong Kong around the spread of coronavirus, Sotheby’s has relocated its major April Hong Kong modern and contemporary sales to New York. The announcement coincides with an increase in travel restrictions as the impact of the epidemic continues to grow in severity, reaching the Middle East and Europe. This follows initial concerns around the city’s stability as a trade site after the outbreak was declared a global health emergency by the World Health Organization in January.

The firm’s modern art evening sale, and contemporary evening and day sales, will be held the week of April 16 at the house’s headquarters on Manhattan’s Upper East Side. The venue change in the leading category sales requires a heavy lift for specialists, not only in terms of managing consignors’ expectations, but also in pivoting attention toward the United States base of potential buyers.
Report courtesy of ARTnews
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