Those who like to rummage through other people's cast-offs are well catered for in cities such as London and Paris, with their flea markets and second-hand shops, but in Hong Kong, trade in "pre-loved" possessions is sorely lacking. That's about to change, though, with the arrival of Gresham's.

Billed as the city's first middle-market auction house, Gresham's will sell a variety of items, sourced mainly in the city, including furniture, carpets, art, antiques, jewellery and luxury goods. Starting this Saturday, the weekly events will showcase more than 300 lots per auction and will be preceded by viewing days and pre-auction website listings.

"Hong Kong is Asia's auction hothouse, with hundreds of millions of dollars worth of goods going under the hammer each year," says Gresham's founder, Stephen Freeman. "We bring the enjoyment and tradition of the auction house back to the general public. People can take home something beautiful, not just browse the unaffordable.

"The quick, interactive nature of live bidding is an engaging experience; one that I know Hong Kong's shopaholics will make their new favourite pastime."

Auctions will take place in an 8,000 sq ft warehouse-style space in Ap Lei Chau designed by Hong Kong-based interior designer Debra Little.

Gresham's is the latest of a number of creative ventures for Freeman. In 2009, he founded The Georgian Dealer, specialising in 18th- and 19th-century Chinese and European antiques and art. He is also the creator of a number of local art events, including ArtWalk.

For further details, call 2552 1887.