Wealth Blog

Steak out

PUBLISHED : Thursday, 13 September, 2012, 9:30am
UPDATED : Thursday, 13 September, 2012, 9:50am

We have a new contender for Hong Kong’s biggest and most outrageously expensive steak award. A totally comprehensive search is hazardous to health and has not been attempted, granted, but up to now it was a safe bet that either Morton’s of Chicago and Ruth’s Chris steakhouse served the biggest hunk of dead cow.  

Morton’s heavyweight menu on the fourth floor of the Sheraton, Nathan Road, boasts a 24-ounce Porterhouse for HK$748, with a 48-ounce Double Porterhouse for $1,496.  That’s nearly a kilo and a half of meat for just two people. Equivalent to a full size chicken.

Close behind comes Ruth’s Chris: their Mody Road outlet dishes up a whopping 40-ounce Porterhouse for two at $1,220.  This makes the 32-ounce $798 dry-aged Canadian bone-in steak for two at Prime Steakhouse and Wine Bar, third floor, Elements, Austin Road, look decidedly puny. But now comes a new contender for the Most Muscle on a Plate Award. Enter stage left Carnevino, above Gap on the fifth floor of LHT Tower on Queen’s Road. 

A relative newcomer to the restaurant scene, this Las Vegas steakhouse brings us a 32-ounce dry aged Ribeye for two at $1,568. Pound for dollar that costs most. But before you blow nearly half the helper’s salary on a beefy pig-out, remember dieticians recommend a daily protein intake of six ounces. It’s hard to fathom why this trend for mega steaks continues when even French haute cuisine trends are heading healthwards. So, is Carnevino’s the biggest, most expensive steak in town?

Domaine de la Romanee Conti – still world’s big name

It’s long but it’s a magic name in wine circles, the estate in Burgundy that produces winner after winner.

If not by volume - DRC accounted for less than 3% of overall lots at the latest Acker Merrall wine auction, but their wines comprised am impressive 15.5% of overall sales in dollars. ‘The’ Domaine also held 27.5% of the Top 10 lots of all combined live wine auctions in the first half of 2012, putting it in a league of its own. In three of nine live wine auctions, 1985 DRC Assortments emerged top, with an average price per case of over US$45,000.

The other top lots in each sale were dominated by the actual wine ‘Romanee Conti,’ occupying four of the other six top priced slots, including a Jeroboam of the 1999 RC, magnums of the 1999 and cases of bottles of both the 1985 and 1990. It just goes to show, the wine market may be 35 per cent off peak from last year, but investors should remember that big names still pull in the punters, regardless.