Art: Hong Kong vs. Singapore - WSJ.com

Art: Hong Kong vs. Singapore - WSJ.com: "HONG KONG -- These are the trophies of a war between Singapore and Hong Kong: whimsical oils by Indonesian boy-wonder artist I Nyoman Masriadi; an abstract painting by Zao Wou-ki; and an ancient Chinese imperial throne worth US$11 million. All of these artworks turned up for sale in Hong Kong in recent months -- and set auction records.Longtime rivals in trade and finance, Hong Kong and Singapore are vying to become Asia's regional arts hub, part of a strategy to be crowned Asia's top city. Already the third-largest art-auction market in the world, Hong Kong has picked up the pace by setting aside nearly US$3 billion for a massive development known as West Kowloon Cultural District, a move some people think will ultimately catapult Hong Kong to victory."

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