U.S.-based auction house for collectibles expands into region
U.S.-based Heritage Auctions opened a Hong Kong office and held its first coin-and-currency-note auction on December 10.
The move to open in Hong Kong is in response to the tremendous growth in the regional market for rare, collectible coins and currency notes, said Director of Asian Operations at Heritage Auctions Kenneth Yung.
The auction house will host two major sales yearly, auctioning collectible coins and currency from mainland China and the surrounding region. Valuable coins and currency notes are among more than 39 categories of collectibles that the company offers for auctioning.
Hong Kong’s strategic location in the heart of Asia and proximity to mainland China were important considerations in opening the Hong Kong office.
“Hong Kong as a regional logistics hub also has an efficient and convenient transportation network locally and regionally. This will provide convenience for our clients to transport and sell their items anywhere in the region,” said Mr. Yung.