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Christie's to Open New Hong Kong HQ, Sees Growing Asian Gen Z Interest

People watch the sunset over Victoria Harbour from a mountaintop in Hong Kong, China March 12, 2024. REUTERS/Tyrone Siu/File Photo
People watch the sunset over Victoria Harbour from a mountaintop in Hong Kong, China March 12, 2024. REUTERS/Tyrone Siu/File Photo
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Christie's to Open New Hong Kong HQ, Sees Growing Asian Gen Z Interest

People watch the sunset over Victoria Harbour from a mountaintop in Hong Kong, China March 12, 2024. REUTERS/Tyrone Siu/File Photo
People watch the sunset over Victoria Harbour from a mountaintop in Hong Kong, China March 12, 2024. REUTERS/Tyrone Siu/File Photo

Auction house Christie's hopes its new 50,000-sq-ft Asia headquarters that opens in Hong Kong in September will boost sales in 2024 amid increased interest across the region from a new generation of culturally astute millennials and younger.
Francis Belin, Christie's Asia-Pacific president, said he is "cautiously optimistic" about sales in the region as they try to engage with clients with the right products, right price and "exciting" events, Reuters said.
"We think we'll continue to see a market in 2024 which is not as booming as in 2021, but it's one that we can navigate if we do the right thing like we did in 2023," Belin told Reuters on Monday.
Total auction sales in the Asia-Pacific region eased 4% to $805 million last year from 2022, contributing 28% to the group's total. The sales decline compared to 43% and 9% drops in Americas and EMEA (Europe, Middle East, Africa), respectively.
Greater China accounted for 80% of Asia-Pacific sales.
Christie's also saw a surge in new buyers among millennials, born between 1981 to 1996, and Gen Z, born since 1997. It said Asia-Pacific accounted for 66% of its global millennial buyers last year, and more than half of them were from mainland China. Gen Z buyers from Asia-Pacific also more than doubled.
Belin said the auction house had started to see a surge in buying from young Chinese collectors for Chinese works of art and paintings over the past three years, rising from a few percentage points to up to 20% now, thanks to the company's increasingly use of Chinese social media apps such as Wechat and Xiaohongshu.
"So you find collectors at the depth of collecting, not just the hip, new artist, but that goes back to their cultural roots. That's meaningful for them and their culture," Belin said.
The market was slower last year because collectors were not convinced it was the best time to sell, he added.
The auction house will open its new Asia-Pacific headquarters at The Henderson, a new office tower in Hong Kong's prime Central district, in September. Christie's four floors in the building, which is being designed by Zaha Hadid Architects and developed by Henderson Land, will launch a three-month program of sales, exhibitions and events until November.
Belin shrugged off the impact of new national security laws that the Hong Kong government has imposed on the city, saying the financial hub still has a free flow of capital and rule of law.
He said he recognised the Hong Kong government's efforts in developing the city's arts and culture by hosting international events and building the West Kowloon Cultural District, which overlooks Victoria Harbour.
"Hong Kong will be able to rebuild itself; art and culture is part of it."
The Knight Frank Luxury Investment Index (KFLII), which tracks the performance of 10 popular investments of passion, showed that art was the best-performing luxury asset class in 2023, followed by jewelry, with prices rising 11% and 8%, respectively.
Knight Frank said in a report last week clients in Hong Kong allocate 19% of their investment portfolio to luxury investments, in line with the global average.

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Varieties

January Was Fifth Hottest on Record despite Cold Snap

This handout photo taken on February 7, 2026 and received on February 10 from Japan's Ministry of Defense shows members of the Japan Ground Self-Defense Force's 5th Infantry Regiment, stationed in Aomori Prefecture, carrying out snow removal work in a town within Aomori Prefecture. (Photo by Handout / Japan's Ministry of Defense / AFP)
This handout photo taken on February 7, 2026 and received on February 10 from Japan's Ministry of Defense shows members of the Japan Ground Self-Defense Force's 5th Infantry Regiment, stationed in Aomori Prefecture, carrying out snow removal work in a town within Aomori Prefecture. (Photo by Handout / Japan's Ministry of Defense / AFP)
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January Was Fifth Hottest on Record despite Cold Snap

This handout photo taken on February 7, 2026 and received on February 10 from Japan's Ministry of Defense shows members of the Japan Ground Self-Defense Force's 5th Infantry Regiment, stationed in Aomori Prefecture, carrying out snow removal work in a town within Aomori Prefecture. (Photo by Handout / Japan's Ministry of Defense / AFP)
This handout photo taken on February 7, 2026 and received on February 10 from Japan's Ministry of Defense shows members of the Japan Ground Self-Defense Force's 5th Infantry Regiment, stationed in Aomori Prefecture, carrying out snow removal work in a town within Aomori Prefecture. (Photo by Handout / Japan's Ministry of Defense / AFP)

The planet experienced its fifth-hottest January on record despite a cold snap that swept across the United States and Europe, the EU's climate monitor said Tuesday.

The Northern Hemisphere was hit by severe cold waves in the final weeks of January as a polar jet stream blew icy air into Europe and North America, according to the Copernicus Climate Change Service.

But monthly temperatures were above average over much of the globe, including in large parts of the Arctic and western North America, according to Copernicus.

"January 2026 delivered a stark reminder that the climate system can sometimes simultaneously deliver very cold weather in one region, and extreme heat in another," said Samantha Burgess, strategic lead for climate at the European Centre for Medium-Range Weather Forecasts (ECMWF).

The average global temperature in January was 1.47C above preindustrial times.

Europe endured its coldest January since 2010, with an average temperature of 2.34C, the service said.

The United States, meanwhile, was hit by a monster winter storm that dumped snow and crippling ice from New Mexico to Maine. It was linked to more than 100 deaths.

The planet remains in an extended run of human-driven warming, with 2024 setting a record high, 2023 ranking second 2025 now third warmest.

Varieties

Beirut's 'Mother of Cats' Who Rescues Felines

Diana Abadi, known as "the mother of cats," sits with felines waiting for adoption at her small pet food and plant shop in Hadath, in Beirut's southern suburbs known as Dahiyeh, in Lebanon, Saturday, Feb. 7, 2026. (AP Photo/Bilal Hussein)
Diana Abadi, known as "the mother of cats," sits with felines waiting for adoption at her small pet food and plant shop in Hadath, in Beirut's southern suburbs known as Dahiyeh, in Lebanon, Saturday, Feb. 7, 2026. (AP Photo/Bilal Hussein)
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Beirut's 'Mother of Cats' Who Rescues Felines

Diana Abadi, known as "the mother of cats," sits with felines waiting for adoption at her small pet food and plant shop in Hadath, in Beirut's southern suburbs known as Dahiyeh, in Lebanon, Saturday, Feb. 7, 2026. (AP Photo/Bilal Hussein)
Diana Abadi, known as "the mother of cats," sits with felines waiting for adoption at her small pet food and plant shop in Hadath, in Beirut's southern suburbs known as Dahiyeh, in Lebanon, Saturday, Feb. 7, 2026. (AP Photo/Bilal Hussein)

Diana Abadi is known in the southern suburbs of Beirut as the “Mother of Cats.”

For the past 12 years, she has turned her home and shop into a refuge for abandoned felines who now number between 50 and 70, and she often sleeps beside the cats as she cares for them full time.

Abadi began by taking in a single kitten.

Word spread, and residents started bringing her injured and unwanted animals, especially during periods of crisis. At its peak, the shelter housed more than 150 cats, especially during the COVID-19 pandemic and the recent Israel-Hezbollah war, when fear and displacement led many people to abandon their pets.

Her plant and pet food shop in the southern suburbs known as Dahiyeh serves as both her livelihood and the cats’ shelter. Among those currently in her care are Joujou, 13, the oldest, as well as cats named Loulou, Fluffy, Emma and Panda.

One of the most challenging cases involves a cat that was completely blind when abandoned. A woman offered to cover the animal’s expenses if Abadi would take him in. After months of treatment, the cat has partially regained vision in one eye.

Social media has recently helped improve adoption rates, reducing the number of cats under Abadi's care. Rising costs, however, threaten the shelter’s future. Monthly rent has climbed to $800, up from $250 before the war, forcing Abadi to cover most expenses herself.

“These are living beings,” she said. “I don’t take holidays or Sundays off.”

Varieties

Face of 400-Year-Old 'Vampire' Recreated

Scientists have given a face to a decapitated skull which was uncovered in Croatia. (Croatia’s excavation team)
Scientists have given a face to a decapitated skull which was uncovered in Croatia. (Croatia’s excavation team)
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Face of 400-Year-Old 'Vampire' Recreated

Scientists have given a face to a decapitated skull which was uncovered in Croatia. (Croatia’s excavation team)
Scientists have given a face to a decapitated skull which was uncovered in Croatia. (Croatia’s excavation team)

The face of a "vampire", whose remains were posthumously mutilated to prevent them from rising from the dead, can be seen for the first time in more than 400 years, reported Sky News.

Discovered in a grave at Racesa, a fortress in eastern Croatia, the body had been exhumed, beheaded and reburied face down beneath heavy stones.

And since the desecration cannot be explained by environmental factors, experts believe it was done to stop the dead man returning as a vampire.

Now the face of the deceased can be seen for the first time in centuries, after scientists rebuilt his likeness from his skull.

Archaeologist Natasa Sarkic, part of the excavation team, said the fear inspired by the man in death may stem from the fear he inspired in life.

She said: “Bioarchaeological analysis showed that this man often participated in violent conflicts, and died a violent death. He experienced at least three episodes of serious interpersonal violence during his lifetime.”

“One of those attacks left his face disfigured, which could cause fear and repulsion, leading to social exclusion. Before even recovering from the penultimate trauma, he sustained a final fatal attack,” she revealed.

“Individuals who died violently, behaved violently in life, or were considered sinful or socially deviant, were believed to be at risk of becoming vampires,” she continued.

“He may have been regarded as a 'vampire', or a supernatural threat due to his facial disfigurement and his marginal lifestyle, characterized by repeated interpersonal violence,” Sarkic explained.

She said such beings were thought to be restless, vengeful, and capable of harming the living, spreading disease and killing people or livestock.

Sarkic said that, in the Slavic tradition, the soul remains attached to the body for about 40 days after death.