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WEALTH BLOG

Hairstyles of the rich and famous

PUBLISHED : Monday, 01 October, 2012, 12:00am
UPDATED : Monday, 01 October, 2012, 1:35am

We have a new contender for Hong Kong's biggest and most outrageously expensive steak.

Morton's in the Sheraton Hotel on Nathan Road, boasts a 24-ounce porterhouse for HK$748, with a 48-ounce double porterhouse for HK$1,496. That's nearly a kilo and a half of meat for just two people.

Close behind comes Ruth's Chris: its Mody Road outlet dishes up a 40-ounce porterhouse for two at HK$1,220. This makes the 32-ounce HK$798 dry-aged Canadian bone-in steak for two at Prime Steakhouse and Wine Bar in Elements mall look puny.

But the award for most expensive bovine goes to Carnevino in Queen's Road Central. This Las Vegas steakhouse had a 32-ounce dry aged rib-eye at HK$1,568. Pound for dollar that makes it the most pricey.

Bangs for your buck

So just how much should you splash out on a haircut? Hong Kong's celebrity stylist Kim Robinson charges US$1,000 for a haircut. To me, that is a snip too far, but Mr R is vigorously defensive.

"When I cut your hair, it looks good for months and months. That's the difference between that and a haircut that needs redoing every three or four weeks," he insists.

"So, if you amortise that, looking good every day, that is an intelligent investment, whereas someone else might have to go to the hairdresser three times a week, and time is money."

Even when he does highlights, they need doing only three times a year, he says. (Ms Average has them done every six weeks or so.) "Most women have roots after a month, because they are too far away from their natural colour," he says.

I know what he means. That corn-growing-through-tarmac thing is so tacky. He's on a roll. "It's not believable, and to maintain that is a big expense in money and time. If you can afford it, you are getting a great cut [from me] that you can manage yourself."

Most women on the street have bad hair days every day, he says: "They look awful to me. It's because they can't manage it, and it doesn't look good."

Of course, some rich people take it to the other extreme. Apparently, Joyce Ma, founder of retail empire Joyce and very wealthy, takes perverse pride in tracking down the cheapest haircut. Every time she goes to the US, she gets her hair cut for US$6, I'm reliably told.

For more details on indiscriminate discretionary spending, see Anna's wealth blog at scmp.com/wealthblog

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