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Hong Kong property tycoon Joseph Lau

THEY are not in the room rubbing shoulders with traditional wealthy buyers, instead choosing to remain in the shadows, making their multi-million bids by telephone.


Asian millionaires and billionaires last week discretely stolen the show at a range of auctions Cheap Adidas Superstar Pride Pack Womens , dishing out record sums for works of art and precious gemstones put on the block.


Auction houses Christie’s and Sotheby’s say the spectacular sales are part of a wider trend in which their business is increasingly turning toward Asia.


Christie’s Asia chief Francois Curiel said the auction house had quadrupled its Asia-based staff since 2010 to 220 to keep up with the demand.


“When I arrived in Hong Kong in 2010, our Asian clients represented five percent of our sales on a global scale. In 2014, they represented 31 percent,” he said.


The same is true of competing auction house Sotheby’s, where Asian clients today account for about a third of global high-end jewelry sales, Asian director Patti Wong said.


“Asian participants make up a hugely important part of our global client base Cheap Adidas Superstar Pride Pack Mens ,” she said, adding that over the past decade “we’ve seen tremendous growth” from Asia.


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