Change in plans for sale of world’s most expensive dinner

In our March issue, we highlighted the world’s most expensive dinner; a US$2 million epicurean extravaganza that was supposedly bought by Ville Oehman, founder of V Diamonds. The sinfully indulgent dining experience included a scenic helicopter ride over Singapore, a private luxury cruise, an 18-course meal and the gift of a stunning 2.08-carat blue diamond ring named after Hollywood actress Jane Seymour.

Oehman initially decided to resell the experience – with a lottery-style twist – by offering one million shares for partial ownership of the Jane Seymour ring at just US$2 apiece. Each share represented a one-in-a-million chance to win the revamped US$2 million dinner experience.

However, it seems plans have changed. A few days ago, it was announced that the lottery was cancelled and the overall sale had fallen through. Now World of Diamonds Group, the original sellers of the experience, are hoping to resell the entire package to just one lucky winner with the same price tag of US$2 million.

Expect a personal firework show

Included in the price is a three-night all-inclusive trip to Singapore. Two lucky winners will receive first-class tickets, five-star presidential suite accommodations, Michelin-starred meals throughout, a yacht cruise, a personal fireworks show and more.

The grand finale literally takes to the skies, where a specially-prepared degustation from renowned restaurant Jaan will be served aboard a private jet. The diners can even take home the diamond-studded, personalised chopsticks (valued at US$34,000) as a keepsake.

To assuage any potential guilt a potential buyer may experience for purchasing the world’s most expensive dinner, one quarter (or US$500,000) of the final price has been earmarked to aid a Danish humanitarian organisation to enrich the lives of orphans in Nigeria.

 

Shine bright: 910-carat diamond unearthed from Letšeng Mine

Although 2018 has just started, Gem Diamonds already has the gemology world buzzing by the first quarter of the year. The cause? Its announcement of the discovery of a staggering 910-carat D colour Type IIa diamond in Lesotho’s Letšeng Mine.

Gem Diamonds CEO Clifford Elphick commented, “This is a landmark recovery for all of [our] stakeholders, including our employees, shareholders and the Government of Lesotho, our partner in the Letšeng Mine.”

Elphick’s pride is well justified. The rough diamond has already been heralded as the fifth-largest gem-quality diamond ever found. It is also just the latest in a string of mammoth rough gemstones found at the Letšeng Mine.

Letšeng has grown to become one of the most prolific open-pit diamond mines in the world. Since 2006, it has produced five other gem-grade diamonds weighing above 300 carats, including the 603-carat Lesotho Promise. The stone was purchased by Graff and cut into 26 D-grade flawless white diamonds, the largest of which is a 76.41-carat pear cut diamond. The resulting Lesotho Promise necklace has an estimated price tag of US$60 million.

There’s no word yet on what final form, or forms, the hitherto-unnamed rough-cut 910-carat diamond will eventually take – but we all wait with bated breath.

Rare 1958 Porsche 550A shines at Bonhams auction, fetching US$5.17 million

A rare Porsche 550A from 1958 was snapped up at Bonhams’ Scottsdale Auction earlier this year. With its impeccable racing pedigree and well-documented provenance, the vintage sports car was a top attraction at the event.

The rare Porsche has a strong racing pedigree

Built in 1958 as the penultimate model of a limited 40-car release, this Porsche was first purchased by Dutch nobleman, Count Carel Godin de Beaufort. Under his ownership, it scored a class win and was sixth overall at the Nürburgring 1000 Kilometers. It also proved its mettle at the grueling Le Mans 24 Hours race, placing second in class and fifth overall.

These victories marked the beginning of a prodigious and long-lived racing career that continued well into the 21st century, and spanned both sides of the Atlantic Ocean. Most recently, the 550A participated in ten consecutive Mille Miglia races in Italy.

Rare Porsche 550A hits the market

When it went under the hammer, this rare Porsche 550A was smartly outfitted in its historic #32 livery from the 1958 Le Mans. Under the hood lay a period-accurate engine and a 4-speed gearbox. Given its impressive provenance and near-mint condition, it came as no surprise that the vintage sports car fetched a final price of US$5.17 million.

 

 

Sotheby’s hosts ‘Women in Art: Hong Kong’ exhibition to celebrate the city’s female artists

To celebrate International Women’s Day, Sotheby’s Hong Kong is hosting a special exhibition, Women in Art: Hong Kong, in collaboration with New Hall Art Collection, displayed at Murray Edwards College, Cambridge University.

At a time when there’s global attention on women empowerment, Sotheby’s hopes to create a dialogue around women’s visibility in art through exploring the rich heritage of female artists in Hong Kong.

The exhibition showcases diverse works by female artists from Hong Kong spanning the last 50 years. The works displayed cover a wide range of mediums, including traditional ink paintings by Fang Zhaoling and Irene Chou, video art by Ellen Pau and Angela Su, film posters by Ho Sin Tung and installation art by contemporary artists Ko Sin Tung and Jaffa Lam.   

The artworks displayed are steeped in Hong Kong’s culture and politics, from Ko Sin Tung’s ‘Closed 24hrs’ neon sign that comments on Hong Kong’s consumerist excesses to Jaffa Lam’s ‘Starry Day’ installation, that is made using white umbrella scraps gathered during the iconic Umbrella Movement of 2014.

According to a research conducted by Eliza Gluckman, curator of New Hall Art Collection, and independent researcher Phoebe Wong, a very high percentage of women (around 70%) graduate from art programmes in Hong Kong, but only a mere fraction of them survive in the male-dominated market. Phoebe pointed out many female artists take up teaching as a more viable option, due to a lack of proper infrastructure and funds to support emerging female artists in Hong Kong.

Through the Women in Art: Hong Kong exhibition, Sotheby’s has started a discussion which we hope will not only bring awareness to the work of leading female artists but will also inspire future generations.

Text: Suchetana Mukhopadhyay
Photos: Sotheby’s

Picasso’s Muse: Rare Picasso portrait makes auction debut

Picasso

Pablo Picasso’s Femme au béret et à la robe quadrillée (Marie-Thérèse Walter) surfaced on the market for the first time ever. The painting debuted as a star attraction at Sotheby’s London’s Impressionist & Modern Art Evening Sale in February.

While the painting definitely celebrates Picasso’s signature Cubist style and portrait skills, it also hides a rather scandalous back story. The oil-on-canvas artwork features Picasso’s ‘golden muse’ and mistress of over 15 years, Marie-Thérèse Walter. However, it clearly lacks the soft brightness so prominent in other Walter-inspired works such as Le Rêve. Instead, there are angular lines and an ominous darkness lurking in the background. It is a perfect example of art imitating life. When Picasso painted this piece in 1937, he was on the cusp of leaving Walter for his new lover, Dora Maar. 

While Picasso may have had trouble juggling his women, he has had no trouble selling their portraits. Sotheby’s London set the asking price for this particular artwork at a staggering HK$390 million.

Thomas Bompard, Head of Sotheby’s London’s Impressionist & Modern Art Evening Sale, said, “Of all of the artist’s styles and decades, this is the one that most epitomizes the legacy of Picasso as a portraitist of women.”

Photo credit: Sotheby’s

Preview of next week’s HKTDC Hong Kong International Jewellery Show and Diamond, Gem and Pearl Show

Haute joallerie aficionados are in for a treat next week with not one, but two high-end jewellery shows coming to our fair city – HKTDC Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem & Pearl Show. Over 4,550 exhibitors from 50 countries will be showcasing their precious wares, giving Hong Kongers a glimpse at some of the most beautiful gemstones and designs in the world.

HKTDC Hong Kong International Jewellery Show and Diamond, Gem and Pearl Show coming next week

First up is the HKTDC Hong Kong International Diamond, Gem and Pearl Show, which runs from 27 February to 3 March at AsiaWorld-Expo. Now in its fifth year, the event is a fantastic opportunity for industry professionals and gemstone lovers alike to snap up rare, top quality loose stone and raw materials.

Without pausing for breath, the 35th edition of HKTDC Hong Kong International Jewellery Show kicks off just two days later, running from 1 to 5 March at the Hong Kong Convention and Exhibition Centre. Here, beautiful finished high jewellery pieces from both local and international manufacturers take place of pride.

Alongside the stunning jewellery on display, the two events will also host a series of talks and forums on pertinent industry topics such as the evolving role of technology in the jewellery world, opportunities in Belt and Road markets, and so forth.

Side-by-side, HKTDC International Diamond, Gem and Pearl Show and HKTDC Hong Kong International Jewellery Show will form the world’s largest jewellery marketplace, with HKTDC expecting 115 buying missions comprising over 8,000 companies from 75 countries and regions to attend.

HKTDC VIPs at the pre-event press conference for HKTDC Hong Kong International Jewellery Show
From left: Kent Wong, Chairman of the HKTDC Jewellery Advisory Committee; Benjamin Chau, HKTDC Acting Executive Director; and Lawrence Ma, Chairman of Hong Kong International Diamond, Gem & Pearl Show and Hong Kong International Jewellery Show organising committees, at the pre-event press conference 

Benjamin Chau, Acting Executive Director of HKTDC, said at a press conference on Thursday, “[This] reflects that the industry… continues to view Hong Kong as an important sourcing platform for jewellery and raw materials.”

That event also gave Hong Kong a preview on what to expect, including a fashion show-esque parade where models strutted down the catwalk decked in stunning jewellery pieces that will be on show next week.

Models previewed stunning designs at HKTDC Hong Kong International Jewellery Show press conference

Standouts included a beautiful Columbian emerald set (valued at US$3 million) from Hatta New World Company, a lush golden South Sea pearl collection from Wing Hang Diamond Company and a stunning paraiba tourmaline and diamond set by Belford Jewellery Company. (Check out the gorgeous designs and other press conference highlights in the video below.)

Don’t miss out! Trade visitors can still register for both events through this link. Meanwhile, check out our sneak peek at some of the rare gems and designs to watch out for next week here. Happy shopping!

HKTDC International Diamond, Gem and Pearl Show
Date: 27 February – 3 March
Venue: AsiaWorld-Expo 

HKTDC Hong Kong International Jewellery Show
Date: 1 – 5 March
Venue: Hong Kong Convention & Exhibition Centre

Burgundy En Primeur: Are wine investments a good idea?

After 2016’s paltry Burgundy harvest, Robin Lynam ponders the merits of investing in valuable wines before release

Few of the grape-growers of Burgundy will look back on 2016 with fond nostalgia. Lulled into a false sense of security by a mild winter, the region was hit hard in the spring – first by unexpectedly severe frost, and then by hailstorms, compounded by unusually heavy rain. The quantity of the eventual harvest was drastically reduced.

That’s bad news for the many wine lovers in Hong Kong and China who in recent years have turned to Burgundy rather than Bordeaux when buying premium priced French wine, but at least the quality has turned out to be much better than had been widely feared thanks to a hot early summer which helped the vines to recover, and fine weather during the harvest itself.  

Read: Acker Merrall & Condit announces extravagant HK$208,888 wine weekend

In some ways that just makes it all the more painful that there isn’t enough to go ‘round. Just over 163 million bottles are available from 2016, which, against an average calculated over the last 10 years, means production is down by about 20%.

Smaller quantities of course mean higher prices. The Burgundians are traditionally less prone than their Bordeaux counterparts to overcharge for their wines, but they too have to make a living, and if there is less to sell, then they have to ask more for it.

So should Burgundy lovers be looking at buying 2016 wines en primeur – before release – rather than waiting to see what prices are when the vintage has been shipped?

The rules have changed in recent years. Although not the only region to invite customers to invest early in wines at a supposedly lower price than they will later command, it was Bordeaux that made en primeur a major element of its marketing.

Read: Gaggenau’s climate-controlled wine cabinet gets a nod from champagne expert Richard Juhlin

As demand from Chinese buyers for the top Bordeaux wines went through the roof in the early years of this century, so did the en primeur prices. Customers who had bought with the idea of possibly turning a profit on at least some of the bottles found themselves holding cases worth less on the open market than they had paid for in advance.

The market has since adjusted, and provided you are buying high quality well known wines wisely through a reputable wine merchant, Bordeaux en primeur now looks once again like a reasonably attractive idea. But that period of inflation disillusioned some wine lovers, many of whom turned instead to Burgundy.

Burgundy en primeur has generally been less about price than about obtaining an allocation year after year as a preferred regular customer. During these times of strangled supply, if you want to obtain some of the better wines, en primeur is almost the only way.

Read: Chateau Palmer leads the charge with new bio-dynamic wine approach

Bordeaux and Burgundy are talked of so often as though they were two sides of the same coin that people tend to forget that even in years when Burgundy is not beset with frost and hailstorms, the quantities of wine the region produces still amount to only a tiny fraction of Bordeaux’s output.

Either region can experience bad weather and a reduced harvest, of course, but Bordeaux has more than 120,000 hectares under vine by comparison with Burgundy’s just under 30,000.

In Hong Kong and China much of the interest in both regions is focused on the red rather than white wines, and in this area too Bordeaux’s production dwarfs Burgundy’s. Still, white wines account for around 61% of Burgundy’s total production, and sparkling white Cremant de Bourgogne, which is often a very acceptable alternative to Champagne, represents another 11%. That leaves just 28%, and although that is mostly red, rosé accounts for some of it. Burgundy is 50% planted with Chardonnay to just 41% Pinot Noir.

Read: Check out this wine resort in Yamanashi, Japan

“The question of volumes is inescapable,” says Adam Bruntlett, who has succeeded Jasper Morris MW as the Burgundy buyer for Berry Bros & Rudd. “While we have been well looked after by suppliers thanks to our longstanding relationships, there are many instances where volumes are limited.”

With strong pressure on prices and volumes, this, suggests Bruntlett, is a time to start looking beyond the Grand Cru vineyards. He points to lesser known producers and areas of fine but much less famous terroir which produce wines that don’t command the same stratospheric prices, whatever the weather has been like in any given year.

“The 2016 vintage is the time to look beyond the bigger names and consider lesser-known villages such as Marsannay, Santenay, St Romain and Auxey-Duresses,” says Bruntlett. The 2016 Burgundy white wines, he notes, generally have a fresher, more classic feel than their richer 2015 counterparts.

“Some frost-affected vineyards display a more angular profile, but many of these filled out over the course of the autumn barrel tastings and will continue to do so with further élevage [a wine’s adolescence or education]. The very best white wines will come close to matching those of the 2014 vintage.”

Read: The reasoning behind a push of wine and spirits into the Far East is compelling

For Chablis lovers, says Bruntlett – and you can’t really enjoy seafood and not love Chablis to go with it – the bad news is that quantities are severely down. As for the 2016 reds, in general Bruntlett finds them more consistent than the whites, and worth considering at all quality levels from Grand Cru down to everyday casual drinking.

“Across the board, the wines display an unmistakably Burgundian Pinot Noir fruit character. They offer a beguiling paradox of initial rich fruit on the front of the palate and succulent acidity on the finish, leaving one delightfully perplexed as to whether this is a warm or cool vintage. The very best wines are the equal of the 2015s – albeit in a style that will appeal more to the traditional Burgundy drinker,” he says.

Berry Bros has a good range of red and white Burgundies available to its Asian-based customers across a range of price points. Other well connected wine merchants able to offer a reliable en primeur service include Altaya, ASC Wines, and Watson’s Wine.

Terroirs et Signatures de Bourgogne / Photo: Anthony Upton

Still shopping for a few cases from the Grand Cru vineyards? “Clos Vougeot and Vosne Romanee experienced a very good vintage,” says José Lau, Private Sales Manager for Berry Bros & Rudd in Hong Kong. He too recommends buying en primeur.

“Supply and demand play a big role in why en primeur makes plenty of sense for Burgundy. There has been a huge increase in Burgundy drinkers in the past 10 to 12 years which has driven prices up again and again. Buying early will save you money down the road – and you might even use it as an investment to gain some.”

 

This article appears on Gafencu Magazine’s March 2018 print issue entitled “Burgundy En Primeur” by Robin Lynam

Legendary Cos d’Estournel to unveil limited-edition vintage “COS100”

Cos d'Estournel limited-edition COS100

Cos d’Estournel — a legendary vineyard in the Bordeux region of France — is set to unveil a limited-edition vintage in Hong Kong this March. The single varietal “COS100” vintage was created in honour of the 100th anniversary of “Parcelle des Femmes”, a treasured plot located within the heart of Cos d’Estournel vineyards.

Harvested in 2015, this special edition is a tribute to the brave women who despite the fact that their men were at war, faced adversity and forged ahead to plant vines to maintain the Château for the next century. This rare and exceptional wine was derived from these one-hundred-year-old Merlot vines.

COS100  will be exclusively available in large format bottles, giving the wine extraordinary aging potential. This exclusive and emblematic wine will be exclusively available through private sales in just 10 Balthazars (12 litre) and 100 Double Magnums (3 litre). Each Balthazar and Double Magnum is individually numbered and bottled by hand at the Château and bears a delicately engraved inscription. Presented in a leather box, the COS100 is a true collector’s piece that can be handed down for generations.

Only two of the Balthazars will be sold during live auctions in New York City and Hong Kong. All proceeds will be donated to Elephant Family, a non-profit organisation that aims to save Indian elephants from extinction through field projects, conservation efforts and habitat rehabilitation. 

Following the two international auctions, 100 Double Magnums will be available for private purchase. To find out more, visit www.estournel.com/COS100.

Opera Gallery hosts hyperrealist artist Mike Dargas’ first solo exhibition in Asia

Hong Kong’s art scene is already gearing up for March, most art-centric month of the year. Ahead of the two biggest art events in March – Art Basel and Art Central – the art galleries are hosting an array of art exhibitions by both local and overseas artists.

The most recent one to have caught our attention was Mike Dargas’ solo exhibition at Opera Gallery running from 19 January to 9 February. A German artist based in Los Angeles, he specialises in the perfect fusion of classic technique with the aesthetics of the digital age. Simply put, his paintings look so real that unless you look closely, they look like photographs.

Through this hyper-realistic technique, he explores the various nuances of human skin. A recurrent theme of his paintings is a frozen moment in time that arrests the path of a liquid dripping from a model’s face. This stillness – poignant in its spontaneity – captures the painting’s inner soul in a perfect moment. His current exhibition at the Opera Gallery, titled ‘Healing Beauty’, is all about this perfection of the soul and the feminine, fragile nature of identity. Dargas says, “My paintings catch an emotional snapshot and try to evoke a certain feeling to the viewer”.

Top Props: Robby the Robot joins the list of most valuable movie props to be sold at auctions

The original poster of Forbidden Planet starring Robby the Robot
The original poster of Forbidden Planet starring Robby the Robot

Move over, R2-D2. There’s a bigger, badder bot in town. Robby the Robot – a movie prop from the 1956 film Forbidden Planet – outperformed its Star Wars counterpart, at least in the cash-grabbing category. Collectors were stunned when an R2-D2 model sold for about US$2.8 million (HK$ 21.9 million) last year, but Robby came along and raised the bar, going for a record US$5.3 million at Bonhams’ recent Out of This World auction in New York.

Robby movie prop
Robby the Robot is a prop of towering proportions

Why the discrepancy? At seven feet tall, Robby’s basketball player proportions might offer some clue. Add to that the fact that this fully-functional suit – whose head, torso and legs can be dismantled – came with its Jeep, controls and the original MGM packing crates. Although it’s been more than 60 years since Forbidden Planet debuted, Robby the Robot still holds cult status among sci-fi fans. In an attempt by MGM Studios to get the most bang for their buck, Robby has also featured in The Twilight Zone, The Addams Family and other films.

Robby’s previous owner, filmmaker and collector, William Malone, who brought the robot to auction, said, “I’m astounded by the result, but also sad to part with him. However, it’s time Robby finds a place where he can be displayed, and with someone who can look after him. Of course, he will leave an empty spot in my house—and in my heart.”

movie props
The Maltese Falcon (to the left) and Marilyn Monroe’s dress (to the right) have been previous record holders in the non-automotive section.

Robby’s sale secured its status as the most expensive movie prop ever sold at auction, beating previous record holders including the falcon statue from The Maltese Falcon, the Batmobile and the dress made famous by Marilyn Monroe in The Seven-Year Itch.

The craze for collecting movie props reached a peak in 2013, when Bonhams Entertainment Memorabilia Department made history in New York, selling the Maltese Falcon statue from the noir classic of the same name for US$4 million, then a record price for a movie prop at auction (non-automotive). The 12-inch-tall Falcon was the star of the Bonhams inaugural movie props sale with partner Turner Classic Movies (TCM).

Batmobile movie prop
The 1966 original Batmobile

Automotive movie props too have grabbed a fair share of the spotlight for quite sometime. In 2010, the Aston Martin driven by James Bond (played by Sean Connery) in Goldfinger had fetched a handsome US$4.6 million. The 1966 original Batmobile again touched the record US$4.6 million when it was bought by a Phoenix-area businessman in 2013.

Dr. Catherine Williamson, Director of Entertainment Memorabilia at Bonhams, says, “This is the fifth year we have partnered with TCM to present auctions of movie memorabilia, and each year the demand only increases. It shows how important these props and costumes are to everyone throughout the world.”

Text: Suchetana Mukhopadhyay