In 2008, which is Seoul Auction's 10th anniversary, the company successfully held the 1st Hong Kong Sale in October. Despite the delicate financial environment, Seoul Auction performed well in its debut auction and this proves that the demand for high-end art remains strong, and the demand for Korean art is growing in the region. In order to expand its business further across the Asian art market, Seoul Auction established Seoul Auction Hong Kong Limited and will hold the 2nd Hong Kong Sale on May 15th, 2009 at the same venue, Hong Kong Grand Hyatt Hotel.