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Millionaires are leaving Hong Kong, but its art scene is booming
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Күн бұрынThe number of millionaires in Hong Kong has fallen by 4% in the last decade, according to Henley & Partners’ World’s Wealthiest Cities Report. However, one sector in the city is showing great promise - art. The Hong Kong Art Gallery Association recorded a 27% increase in member galleries between 2021 and 2023 and the world’s largest auction houses are upsizing to meet demand. CNBC spoke to rising artist Mak2 at Art Basel Hong Kong to learn more.
#CNBC #ArtofAppreciation #HongKong #Art
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@aliali-ce3yf Ай бұрын
Its gotta be a front for money laundering.
@bon3beats 28 күн бұрын
exactly
@kwokmingng4548 10 күн бұрын
👆no wonder the West is lossing thier honor and credibility
@johnnyng8527 9 күн бұрын
There u go
@alexchou4945 Ай бұрын
Front for money laundering?
@BULLSHXTYT 23 күн бұрын
International crime center
@kwokmingng4548 10 күн бұрын
no wonder the West is lossing thier honor and credibility
@malindy978 29 күн бұрын
Can I say that the one of the reasons why so many art exhibitions hold in Hk in recent years, because the Hk government have the intend to build it so called “international Art hub”. Thats why they spend lots of money to promote now
@michaell4034 25 күн бұрын
So is this about millionaires are leaving or art scene is booming????? WTF!
@SeanPan-it3jm Ай бұрын
Billionaires stay。
@dinglshingle Ай бұрын
millionaires aren't really the "rich" of HK. when you look at real estate in HK it's apparent that one 2bedroom apartment can sell for over a million easily. so basically, it was just regular HKers moving out abroad which isn't anything new since 2019
@Insane2daCore 6 күн бұрын
I feel like ai art needs its own separate category to not be confused with non ai digital artists.
@HardyMung 7 күн бұрын
I am a millionaire, but I am not leaving Hong Kong. Stop misleading people.
@---zg7ex 24 күн бұрын
just another way to convert RMB to HKD or USD
@___beyondhorizon4664 Ай бұрын
It doesn't seem to relate to the current state of economy in the region.... Young rich collectors? They would be buying real estate
@malindy978 29 күн бұрын
Yup , I am wondering why the Hk government want to develop art industry now? In fact, they didn't put much resources in art development in the past.
@JCB671 13 күн бұрын
I wonder where's everyone going??? I just watched a video about millionaires are leaving Canada.
@ernestkj Ай бұрын
If art is booming, it simply means more is either coming in or going out..
@Clever_thought Ай бұрын
The solution is to increase penalties both from Airbnb/rental websites and the law.
@anyonename8067 15 күн бұрын
money laundering
@SEEZEE Ай бұрын
The art behind him on the left is something elementary school kids draw 🙄
@samsplayground8646 Ай бұрын
😂
@333Hedgehogs 15 күн бұрын
Typical comment from someone who isn't very...
@MAZZ007 8 күн бұрын
The guy who stands at the freeway exit asking for a dime said the same thing.
@qxin1130 25 күн бұрын
Everything is a remix…haha 😂
@user-mx3hu5lm7q Ай бұрын
when art becomes woke
@ilaphroaig Ай бұрын
Was looking for the thumb art with the plates. Didn't see them in this video. What a shame.
@halfacig Ай бұрын
It’s at 2:03 the bottom of a seal :)
@ilaphroaig Ай бұрын
@@halfacig No, I meant the blue/white dishes with faces on them.
@snowcountry322 14 күн бұрын
More and more art galleries r flocking to Seoul and Tokyo. Not HK.
@Giles20 6 күн бұрын
Nah, HK is better than those cities when it comes to art.
@battlegrand2557 Ай бұрын
what？
@stephenshih2666 29 күн бұрын
Stop insulting our common sense
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