A round-up of the most expensive cars ever to go under the hammer.
The boss of Zadig & Voltaire has apologised for saying that Chinese tourists would not be welcome at an exclusive new hotel planned by the company in Paris.
Vertu and the brand Italia Independent, created by Lapo Elkan, launch a unique collection of mobile phones, “Constellation Blue” with two different models.
Mercedes-Benz and AMG have been teasing us with the prospect of an all-electric supercar since the SLS AMG E-Cell concept broke cover in 2010.
Now at the Paris Motor Show, Mercedes has presented the public with an all-electric SLS that’s set to become the fastest production electric supercar in the world.
Is China suffering from bling fatigue? The central government’s attempt to rein in its high-ranking civil servants’ ostentatious displays and promote a “frugal working style” sounds like bad news to the luxe industry.
Mooncakes made of gold and silver are selling like hot cakes in China as gifts during the Mid-Autumn Festival, reported Xinhua news agency last week.
Sold in various weights of gold or silver, many of these mooncakes have reportedly sold out in the run-up to the Mid-Autumn Festival on September 30.
Mooncakes, a traditional Chinese delicacy made of lotus seed paste, are given to family and friends in China as gifts to celebrate the Mid-Autumn harvest festival.
The Bank of Communications is reportedly selling a 500-gram gold mooncake at over 21,000 yuan (US$3340) while ICBC Bank is offering a gift box of two 50-gram gold mooncakes, inscribed with auspicious motifs and Chinese characters, for 47,620 yuan (US$6,820). The cheapest of ICBC Bank’s range of mooncakes is a mooncake made of silver that is priced at 850 yuan each (US$135).
Other banks that have also jumped onto the bandwagon include the China Merchant Bank, Bank of Communications and Agricultural Bank of China.
These gold mooncakes are usually purchased as gifts and customers must order at least two week in advance; the gifts are “usually not for families or friends.”
The Chinese are among the top consumers of gold in the world in recent years. Over the past year alone, the ratio of Chinese rich investing in gold jumped from 0.1 percent in 2011 to 11.5 percent in 2012.
When the chef with the most Michelin stars in the world is asked to oversee the creation of the world’s biggest vat of mashed potatoes, there is no place for industrial-sized mixers or short cuts.
Singapore-based luxury resort chain Banyan Tree will develop its first luxury residential property in China, reported the South China Morning Post Wednesday.
Banyan Tree will launch the project in Chengdu, the capital of Sichuan province, where the residential property is located in a suburb 45 minutes away from the city.
The Italian sportscar maker is showing off six new Gallardo models at this year’s Paris Motor Show (Sep 29-Oct 14), all of them boasting angular and trapezoidal lines.