Many shoppers who queued for days ahead of the launch of a new watch from two Swiss brands have listed the timepieces for sale within hours of buying them, with resale prices nearly seven times their original retail value. A South China Morning Post reporter observed at least 70 people in raincoats and carrying umbrellas…
As the year draws to a close, Hong Kong is awash with set menus, cultural happenings, themed brunches and extravagant countdown parties. The offerings run the gamut from high tradition (yes, more turkey) to the decidedly unconventional (fried chicken, anyone?). Tai Kwun has launched its “Simple Gifts of Joy” celebration, running until January 4. The…
The art market downturn continued to play out at Christie’s, Phillips and Sotheby’s regional headquarters in Hong Kong this past weekend, with the turnover from back-to-back art auctions loitering at an eight-year low. But a handful of records and some last-minute withdrawals – which improved the success ratio of the sales – helped inject long-missing…