Investing in cutting-edge international contemporary art has become popular in the west over the past 10 to 15 years. Can the same be said about Hong Kong? Dominique Perregaux, owner of Art Statements Gallery (above): 'Hong Kong still lags other international cities, but it's slowly changing. The main problem is that there are few galleries (and let's not talk about government lack of understanding) showing world-class contemporary art and participating in the global market. 'This has prevented people being able to understand the main global art trend (conceptual art) and collect and invest in quality international contemporary art. This lack of exposure is not only affecting people's understanding about art, in general, and the main art trend, in particular, but is also taking away real art investment opportunities. 'But there's a wind of change, with more young professionals and art lovers willing to be in phase with the rest of the world and their time. Investors are also starting to develop a better understanding of international market practices and are now acknowledging changes in art trends. 'With some new galleries exhibiting and selling cutting-edge international contemporary art and giving people access to the global art market, the city is now ready to accommodate the needs of people who want to catch up with the rest of the world.'