Posts Tagged ‘Gresham s – medium-sized auction house is launched in Hong Kong’

Ap Lei Chau Hong Kong Iceland

15.05.2014
09:41
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Gresham’s – medium-sized auction house enters Hong Kong at the launching of the 1989 American entrepreneurs was Stephen Freeman convinced, that a lifestyle magazine needs Hong Kong. So he moved to the Asian metropolis. Has 24 years and 1,000 spending of HK magazine later, Stephen Freeman discovered a new market niche and established in July of this year, Hong Kong’s first medium-sized auction house. At Gresham’s you will find a large selection of affordable paintings, furniture and art objects. Designed in a chic loft-style stretch Gresham’s showrooms on over 740 square meters in Ap Lei Chau Hong Kong Iceland. The auctions are held on three weekends per month.

After his move to Hong Kong Freeman established the Asia City Media Group (ACMG) together with his business partner, Greg Duncan. At the time of the sale by ACMG in the this year, the South China Morning Post reported the company with its regional portfolio of free magazines every year, 10 million USD. I had over two years with the idea “played to start the auction house and when I was ready, we decided also the sale of our company”, so Freeman. The timing was so perfect, because the art and auction market in Hong Kong recorded a rapid growth. According to Freeman, the arrival of renowned international art galleries, the founding of the Art Basel in Hong Kong, the abolition of the wine tax, which made Hong Kong the wine centre, the rise of Chinese artists from the Mainland and the increasing number of well-to-do consumers from China, to Hong Kong for shopping come contributes that Hong Kong after New York and London into an International Centre for art and antiques was. “Every city in the world has a successful medium-sized auction house and it seemed logical to me that in Hong Kong about the level of eBay and below the level of Sotheby’s and Christie’s would work”, he explained the motivation for his new company was founded. Regardless of the price level was the difference to other auction houses also the focus on Hong Kong.

We are specifically looking for suppliers and buyers from Hong Kong and not internationally imposed us for our auctions. In Hong Kong, a wealth of high-quality art meets buyers interested in new and remarkable objects. Here we focus our currently.” It belongs to the recipe for success by Stephen Freeman, to tackle the business never halfheartedly. “We have invested a considerable sum and plan to continue to do so. Hong Kong’s unique position as a business location in Asia offers us fantastic opportunities for our business. The metropolis has tens of thousands of demanding customers and a wide selection of high-quality services. We want to bring together these.” He advises future entrepreneurs to adhere to their ideas. Who has an idea and really believes, should be keep by the realization. At the same time, the fact orientation in business planning is important. So you must be open to advice and willingness, his plans to customize. I have never heard of a business plan, after the establishment of the business over five years was unchanged followed. More adjustments will be needed and only who manages to do so, will make successful his company.” Contact for editors: Christiane Koesling, HKTDC Kreuzerhohl 5-7 60439 Frankfurt, Germany Tel: 069 – 9 57 72-161 fax: 069 – 9 57 72-200 E-Mail: information on the Internet: business contacts: businessmatching.hktdc.com

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