Sotheby’s today announced that international auction house Sotheby’s will open a state-of-the-art immersive exhibition space to house its auctions and exhibitions at LANDMARK CHATER, in the heart of the Central portfolio.  Sotheby’s will take up close to 24,000 sq. ft within the luxury retail destination on a long-term lease, beginning in the fourth quarter of 2023.

The multi-functional area will incorporate an ultra-contemporary exhibition space, showcasing the full range of Sotheby’s leading offerings from signature auctions and private sales, to Sotheby’s Buy Now – a platform for instant purchases – and an F&B concept. There will be a permanent museum of collectibles, which will be accessible to the public, similar to Sotheby’s space in New York and London. The firm will also make use of Hongkong Land’s tenant-only Concentric space to host live auctions.

Sotheby’s will be the first Hong Kong auction house to move its galleries from office level into a retail space.  The two-storey, interconnected new space, due to open in 2024, will be located at the nexus of a pedestrian network of walkways and bridges connecting prime offices, premium and luxury retail and F&B outlets, and key transport infrastructure in the heart of Central.  Sotheby’s’ new space will provide collectors, office workers and passers-by with access to the world’s most special objects and experiences.

At the signing ceremony for the leasehold, Robert Wong, Chief Executive of Hongkong Land, said: “We are excited to be welcoming Sotheby’s to our portfolio. We will be working alongside Sotheby’s to develop what we believe will be the premier exhibition and retail space for an auction house in Hong Kong; a space that will be open to the public, and further enhance our current comprehensive retail and lifestyle offering. 

“We have been promoting art and culture throughout our portfolio for several decades and this strategic move by Sotheby’s underscores our Central Portfolio’s reputation as the premier lifestyle and luxury destination right in the heart of Central.”

Nathan Drahi, Managing Director for Asia at Sotheby’s, commented: “We are pleased to be partnering with Hongkong Land to lodge Sotheby’s in its dazzling new home at LANDMARK CHATER in Central. While echoing our near three-century-old company heritage, Sotheby’s is ever evolving, and this new space embodies our vision for a widely accessible, immersive and truly integrated destination for art lovers and people who want to learn about art.

“Hong Kong is the beating heart of Asia. As a new chapter opens for the city’s art scene, with the establishment of world-class museums such as the Hong Kong Palace Museum and M+, as well as the return of global art fairs, Sotheby’s new space will bolster future growth in the region as we plan to anchor our position at the forefront of Hong Kong’s art and cultural landscape.”

LANDMARK CHATER is one of the four iconic buildings of LANDMARK, situated in the centre of Hongkong Land’s Central portfolio, connected to other properties by a unique system of interconnected footbridges.  The prime retail space of LANDMARK has many of the world’s largest luxury brands amongst its tenants, as well as a diverse range of F&B options including 14 Michelin stars (1 of which is a Michelin Green Star).  Banks, asset managers and other financial services companies account for more than 40% of Hongkong Land’s office tenant profile by area and almost three quarters of major law firm leases across Greater Central. Sotheby’s new footprint, whose updated façade is currently being designed, will be one of the largest in LANDMARK CHATER, giving it unparalleled access to a community of clients who appreciate world-class art and luxury collectibles.

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