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How New York, London, Paris, and Hong Kong Competed in Major Auctions
24 September 2024
The global art market is undergoing changes, and cities like New York, London, Paris, and Hong Kong have evolved as as major hubs for high-profile auctions over the past decade. These transformations are driven by economic, political, technological, and cultural factors, leading to the development of new approaches in art sales. Considering the impact of the COVID-19 pandemic and the competition among these cities, Paris and Hong Kong are increasing their market share, while New York continues to hold the leading position.
Author(s)
Sahar Azad
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