Auction house Christie's opened its regional headquarters in Hong Kong on Friday as its Asia Pacific chief predicted a sales "pickup" despite a global art market weighed down by wary sellers. President of Christie's Asia Pacific Francis Belin said the current dip in the market was due to "hesitant" consignors and "sellers being a little bit cautious".

The work, alongside a $35 million Monet, will headline Christie's inaugural sale at its new Asia headquarters.

Christie’s opened its new headquarters in Hong Kong, capping off a series of real estate expansions by auction houses in the financial hub.

Located in the city's prime Central district, it is a major affirmation of Asia’s auction hub. Read more at straitstimes.com.

The new venue, which spans 4 floors in The Henderson and holds first sales on September 26, signals a commitment to 'prestige' and Hong Kong Christie's unveiled its lavish Asia headquarters at The Henderson,