Guests ride a wave of opulence

PUBLISHED : Tuesday, 22 May, 2012, 12:00am
UPDATED : Tuesday, 22 May, 2012, 12:00am


In a meeting of minds between a world-class waterfront residential development and a leading global auction house, Sino Land and its partners teamed up with Christie's to introduce Providence Peak - with an exclusive preview of the treasures available at Christie's Spring Auction.

Under the theme 'Upon a Wave of Opulence', more than 50 lots of fine jewellery and watches worth more than HK$76 million were on display at the event, which was organised by the South China Morning Post marketing services and attended by almost 300 special guests at Watermark restaurant on the Central harbourfront.

'Our mindsets are alike. Opulent properties and precious items both transcend geographical boundaries,' says Victor Tin, general manager, sales department at Sino Land.

'We have put together a large range of world-class facilities at Providence Peak, just like Christie's, which collects the best from around the world for its customers.'

Providence Peak, situated next to Hong Kong Science Park, is the latest phase of the large-scale residential development alongside Tolo Harbour. Providence Peak is a joint venture between Sino Land, Nan Fung Group, K. Wah International and Wing Tai Properties.

Tin believes the elements of rarity and investment value are common to Providence Peak and the treasures from Christie's.

'Providence Peak is for people who appreciate the finer things in life. It is a project offering world-class waterfront living, with designs from the internationally-renowned Foster + Partners, and that means iconic designs with a very high level of aesthetics,' Tin says.

Ci Sun, client strategy director of Christie's Asia, described the joint event as 'very meaningful'. She says Hong Kong is the only city in Asia where Christie's holds auctions, and the city's status as an auction centre is comparable to New York and London. 'Christie's customers are very international. Western buyers come to our Hong Kong auctions together with China and Southeast Asian buyers,' Sun says.

The fine jewellery and watches displayed at the event are two of the six categories in Christie's Spring Auction, which will be held from May 26 to 30 at the Hong Kong Convention and Exhibition Centre in Wan Chai.

Highlights will include a 12.04ct pink diamond ring by Harry Winston, the largest round Fancy Intense Pink diamond ever to appear at auction, and the most complicated watch ever made by Patek Philippe.

Explaining what makes a watch's investment value, Sam Hines, Christie's Asia head of watches, says the brand probably ranks number one among many factors.

'Then we look at the rarity, the complication, the condition and the provenance. Was it owned by a celebrity or someone famous historically?' Hines says.

Christie's jewellery and watch departments are global market leaders with a market share of 62 per cent, with sales totalling US$715 million last year.

'SCMP marketing services is excited to put together the two world-class brands, both with unique offerings that appeal to our highly discerning readers,' says Sylvia Lee, head of marketing services at the South China Morning Post.

'All who attended were there by invitation only, as we would like to keep this as exclusive as possible. We are glad that everyone who attended enjoyed the evening tremendously.'

Providence Peak is surrounded by natural attractions including Tolo Harbour, Pat Sin Leng Country Park and Plover Cove Country Park. The project is also close to Kau To Shan and Chinese University.

With a magnificent residential clubhouse, Providence Peak has 537 apartments and 11 houses. The apartments range from 788 sqft to 2,548 sqft, while there are 72 special units, including top-floor units with private swimming pool, and units with podium garden or roof garden.