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Hong Kong Millennials Drive Art Hub’s Record Strength

A third of bidders for Sotheby’s contemporary art are under 30, helping establish the city as a haven for young buyers.

Art collections inside Michelle Wang and Wilson Leung’s home in Hong Kong.

Art collections inside Michelle Wang and Wilson Leung’s home in Hong Kong.

Photographer: Lam Yik/Bloomberg

There’s a burgeoning group of players in Hong Kong’s art scene and they’re young, savvy and very competitive.

Millennial and Gen Z buyers are now a key driver of art sales in the city, with auction houses seeing jumps in the number of younger bidders this year. That’s helped establish Hong Kong’s reputation as a haven for youthful art buyers, especially compared with the US and Europe.