Auction house Christie's opened its regional headquarters in Hong Kong on Friday as its Asia Pacific chief predicted a sales "pickup" despite a global art market weighed down by wary sellers.

Christie’s opened its new headquarters in Hong Kong, capping off a series of real estate expansions by auction houses in the financial hub.

The new venue, which spans 4 floors in The Henderson and holds first sales on September 26, signals a commitment to ‘prestige’ and Hong Kong.

With the announcement of Riyadh-based managing director Nour Kelani, the firm hopes to deepen ties with the Kingdom's collectors and ambitious cultural projects

Located in the city's prime Central district, it is a major affirmation of Asia’s auction hub. Read more at straitstimes.com.