A series of auctions of high-end goods from fine wine to Imperial Chinese ceramics goes into full swing this weekend in Hong Kong, as the city challenges the dominance of New York and London.
The multi-million-dollar auctions are looking to cash in on the vast wealth of
China’s growing number of millionaires keen to show off their newly-made cash.
Christie’s six-day Spring sale kicks off Friday with more than 2,700 lots, including a rare
Patek Philippe watch and several pieces of contemporary art, that the house expects to rake in about HK$2.4 billion ($308 million).
Italian luxury goods company Prada is set to file a listing application for a Hong Kong IPO that could be worth almost $2 billion, Reuters reports.
The Milan-based company, known for its colorful
Miu Miu dresses and Prada handbags, planned to list in Hong Kong at the end of June.
Prada would be only the second company from Western Europe to list in Hong Kong, after L’Occitane International.
world’s highest hotel opened its doors in Hong Kong on Tuesday, offering unrivalled panoramic views of the world famous Victoria Harbour.
Towering some 490 metres (1,600 feet) above the bustling, chaotic streets of the Southern Chinese city, the
Ritz-Carlton Hotel is making a grand comeback after temporarily closing in 2008.
Visitors peered out of the floor-to-ceiling windows of the 118th floor of the
International Commerce Centre, which houses the hotel, for a 360 degree view of the glitzy financial hub and the South China Sea.
Hong Kong’s Severn Road, a winding street of mansions and tony apartments, is still the
priciest address on the planet.
For the second year running, Financial News has determined that properties on Severn Road cost more per square foot than those anywhere else.
Properties on Severn Road were valued at US$78,200 a square meter (about US$8,689 a square foot), up from US$70,000 in last year’s survey.
It could be a queue for a pop concert, a top nightclub or even the opening night at the theatre. But the hundreds of people lined up in a Hong Kong street are actually waiting to bag a bit of luxury.
“We’re looking for new handbags,” says student Celeste Law as she queues patiently alongside her friend Karina Luh outside the supermarket-sized branch of Chanel on Hong Kong’s Canton Road.
The students, both 20, already sport impressive accessories — Celeste carries a
Louis Vuitton monogrammed bag, while her friend’s is from Chanel.
A measure of any Asian businessman is the time he keeps and, far more importantly, the
watch he wears to mark it.
A handshake can be soft or firm but will likely soon be followed by a glance to the wrist to see the watch wrapped around it, especially in
A heavy slab of gold could be a marker that the person is from an inland city. A more expensive, understated watch could be a sign that they’re from the coastal cities of Shanghai, Shenzhen or Beijing.
China will be the world’s biggest
luxury goods market by 2020 as its economy booms and an emerging middle class spends a growing chunk of their cash on high-end items.
Over the next decade, Chinese consumers — including a surging number of billionaires — will account for 44 percent of global spending on goods such as
bags, vehicles, watches, shoes and clothes, the report by brokerage CLSA said.
luxury goods sector was worth $25 billion in 2009, or about 10% of the world market, including purchases by consumers in HK, Macau and Taiwan.
The Wing airport lounge at
Hong Kong International Airport has been chosen as the best in the world by guidebook publisher Frommers.
In a guide compiled for USA Today, Frommer’s picked the world’s top ten executive lounges, putting
Cathay Pacific‘s 4,500 square meter facility in first place.
Reserved for Cathay’s first and business class passengers, the lounge offers individual bath and shower rooms with their own minibars.
Louis Vuitton and Yana Peel hosted an “Art for Baby” opening reception on 18th January 2011 at Espace Louis Vuitton
The “Art for Baby” exhibition brought together in celebration of the Asia launch of the highly-acclaimed book by the same name.
It showcases the 20th century’s most prolific painters from America, Europe and Asia, with works by
Damien Hirst, Gary Hume, Julian Ope and Takashi Murakami.
This traditional, Parisian-style brasserie French restaurant has already had an established following in
You can enjoy signature dishes like, Bouillabaisse, Steak Tartar, French Mussel, Crepe Suzette or the Souffle!
La Brasserie differentiates itself from other French restaurants in Hong Kong by featuring old-world dishes rarely available in the city such as pressed duck.
The cream of China’s
hotel industry has been selected by a Chinese publication, with the top gongs going to properties in Hong Kong, Shanghai and Hangzhou.
The China Best Design Hotel Awards were awarded last month in Shanghai, with three exclusive properties coming top of the list —
The Mira Hong Kong, the Waldorf Astoria Hotel Shanghai and the Four Seasons Hangzhou West Lake.
Presented by The Bund, a Chinese lifestyle magazine, the China Best Design Hotel Awards are chosen by public vote and a panel of international design experts.
In celebration of the festive season,
Swarovski presents the 30-metre high outdoor Crystal Christmas Tree at Statue Square in Central, Hong Kong.
Inspired by urban effervescence, and a landscape dominated by skyscrapers and buildings with a seemingly endless number of windows, the Swarovski Crystal Christmas Tree towers over 30 metres high.
Rhombus-shaped mirrors in silver and gold, reminiscent of window panes, sheath the tree. They are embellished with over 20 million pieces of Swarovski crystals.
, the number one luxury jewelry brand in China, continues to ramp up its presence in the Asian country with the opening of yet another flagship on Friday. Cartier
The new store, which spans 900 square meters (9,687 square feet), is housed inside the Prince’s Building — an upscale shopping center in Hong Kong.
The three-story boutique replaces Cartier’s old store — opened in 1970 — that was located on the ground floor of the same building.
The date has now been set for the opening of the “
”. Visitors to Hong Kong will get a view of the city no one has ever seen before. world’s tallest hotel
From March next year, the Ritz-Carlton, Hong Kong will have its home in the 102nd to the 118th floors right at the very top of
. Hong Kong’s new ICC
The finishing touches are currently being applied to the ICC, which at 484 metres high is Hong Kong’s tallest building.
Three bottles of
â€™s 1869 vintage each sold for a record price of HK$1.8 million ($230,000) at a sale in Hong Kong last saturday. Chateau Lafite
All three were bought by the same Asian telephone bidder, said Sothebyâ€™s, which offered almost 2,000 bottles of Lafite shipped directly from the cellars of the chateau in Pauillac, near Bordeaux.
The 1869s – the oldest bottles in a range of vintages that spanned 139 years – were each estimated to sell for between HK$40,000 and HK$60,000.
and Hong Kong dominated a list of Asia’s best restaurants, but Malaysia made it into the elite ranks for the first time, an annual survey showed. Singapore
Singapore restaurant Iggy’s moved to the top spot from being #2 last year, according to this year’s ranking of Asia’s top 20 restaurants by The Miele Guide.
in Hong Kong slid to second place from being number one last year. Joel Robuchon
Last week, Hong Kong-flag carrier
unveiled its new lounge at Hong Kong International airport, promising a “new level of comfort and convenience.” Cathay Pacific
“The Cabin” is spread across 1,339 square meters and designed by Foster and Partners to be “contemporary, refreshing and dynamic.”
Passengers can choose between 5 zones designed for different purposes, including The Reception, The IT Zone, The Deli, The Health Bar, and The Relaxing Zone.
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Travel and tagged airlines, Airport, airport Lounge, Cathay Pacific, Hong Kong, Hong Kong International airport, London Heathrow, Norman Foster, singapore airlines, TOP 10, virgin atlantic on . October 6, 2010
The ranks of Asia-Pacific millionaires are likely to continue growing faster than those from developed countries as regional economies led by
and China power ahead, a report said on Tuesday. India
The study on high-net-worth individuals (HNWIs) — defined as anyone with investable assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and
. consultancy firm Capgemini
“Moving forward, China and India will lead the way in the region with economic expansion and HNWI growth likely to keep outpacing more developed economies,” the Asia-Pacific Wealth Report said.
is giving champagne lovers something new to do with their phones with the launch of the Veuve Clicquot QR Code in Hong Kong. Veuve Clicquot
A quick refresher on QR codes for the uninitiated. QR codes are a very useful tool for pointing people to more information about your product.
You take a photo of the two-dimensional bar code with your phone and you are automatically taken to the web site that is embedded in the code.
Coco, the cafe-patisserie at The Mira Hong Kong, is collaborating with
to create this year’s mooncakes for the Mid-Autumn festival. Lindt Chocolate
These chocolate mooncake come in four sophisticated flavours (sour, sweet, bitter and spicy) boxed in designer packaging to reflect Cocoâ€™s couture roots.