On August 11, after various promotions, Sotheby’s (Hainan) Cultural Development Co., Ltd. successfully completed the registration and officially landed in Haikou. It will rely on the “zero tariff, low tax rate, simplified tax system” of the Hainan Free Trade Port and the freedom and convenience of trade and investment policy, introduce precious art collections from all over the world, and carry out bonded auctions, art auctions and other businesses.

Founded in 1744, Sotheby’s is the world’s premier art and luxury goods platform. Based on innovation, Sotheby’s provides customers with access to works of art and rare collectibles through auction, private sale and retail services, and is committed to promoting art appreciation and preservation. Sotheby’s has a reputable global sales platform, supported by industry-leading technology platforms and expert teams, in 40 countries and covering 70 collection categories, including contemporary art, modern and impressionist art, Western classical art, Chinese art, jewelry, watches, wine and spirits, interior decoration, and automobiles and real estate.

Sotheby’s attaches great importance to the liberalization and facilitation policies of Hainan Free Trade Port in terms of trade, investment, cross-border capital flow, personnel entry and exit, etc., affirms the business environment of Hainan’s continuous relaxation of market access, and fully recognizes Hainan as a domestic and international dual circulation. The location and market advantages of the important intersection point are optimistic about the development prospects of Hainan in the art consumption and trading center, and are full of confidence in the future of Hainan Free Trade Port.

If you want to know more details, please contact us. Email address: contact@h2dhub.com.

Source(s): Invest Hainan