High-end gallery closure in Hong Kong raises questions over state of city’s art market

Quick Summary:

Lévy Gorvy Dayan & Wei’s decision to close its space in Central at the end of 2024 comes as other international galleries open new outposts in places such as Seoul and Tokyo instead of Hong Kong.

Lévy Gorvy Dayan & Wei, which has shown works by Pablo Picasso and Paul Cézanne since opening its gallery on the ground floor of Central’s St.

The news follows a sharp decline in the value of art sold through Hong Kong auctions in the first half of the year.

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Article Details

Author / Journalist: Annie Cheung

Category: Business

Markets: Hong Kong

Topics: Space Says Gallery Clients Year Hong Kong International Market Galleries Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-14 @ 11:15:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 802 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21664464

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