The OECD had initially singled out 47 jurisdictions that included the likes of Hong Kong, Macau, the Philippines andMalaysia, but hasty commitments to improve transparency along with some backroom deal-making led to all four being removed from the blacklist.
"The way people buy has changed completely, " says Amelia Johnson, owner of the Hong Kong gallery Amelia Johnson Contemporary, which represents artists from Macau, Japan, Malaysia, Australia and China.