DALLAS – Heritage Auctions has announced that it will officially open in Hong Kong in late 2015 and that it has hired Kenneth Yung as director of Asian Operations. The company is currently finalizing its plans to acquire space in the city and will hold its first auction in December.

“Heritage already has many clients throughout Asia,” said Cristiano Bierrenbach, vice president of Heritage Auctions. “We see this as a logical step for the company. This will make it easier for our clients and bidders in that part of the world to work with us.”

Plans include two auctions per year out of the office focusing on world coins, though Heritage has made it clear the expansion plan, and the hiring of Yung, make it more convenient to take in material across all 40 of its categories. The active search for a Hong Kong headquarters will be underway within 60-90 days.

“We’ve been actively searching for a Head of our Hong Kong office for some time now,” said Bierrenbach. “I’m convinced our diligence has paid off with Kenneth’s appointment. He mirrors our standards of transparency, customer service and focus on collectors. His stellar reputation and attitude of teamwork will be the driving force of our expansion into Asian.”

“It’s a great honor to join the team at Heritage, the largest numismatic auction house in the world.” said Yung. “Together we hope to lead the Asian numismatic market into a whole new era.”

Heritage Auctions in Hong Kong will include coins, currency and other numismatic items from the following countries: Bhutan, British North Borneo, Burma, Cambodia, Ceylon, China, French Cochinchina, French Indochina, Hong Kong, Indonesia, Laos, Macau, Malaysia, Mongolia, Myanmar, Sarawak, Singapore, Straits Settlements, Sumatra, Taiwan, Thailand, Tibet and Vietnam.

Consignments will be accepted until October 19.