The Rich Spend Millions on Art in Hong Kong as Protests Rage

  • Sotheby’s event in Hong Kong generates record sales price
  • City has been rocked by demonstrations for four months
Art of Investing: Banksy, Record Hong Kong Sales Highlight Recent Auctions

Inside, the rich spent millions on art and fine wine. Outside, tear gas filled the streets, as an anxious Hong Kong was again engulfed by protests.

Those two scenes -- the first, at an art auction inside the city’s modernistic convention center, the second, in the neon-lit roads of the nearby Wan Chai district -- seemed to capture the dissonance that has become the new normal for Hong Kong.