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  1. Shanghai's plate auction takes drivers for a ride

    Posted Oct 23rd 2010, 12:00am by Staff Reporter

    ... licences have been dubbed the most expensive steel products in the world. The controversial auction triggered concerns by the central government in 2004, when Huang Hai, then vice-minister ... Speculation heightened recently that the auction system would be phased out after the World Expo closes on October 31. There is even talk of giving free plates to new car buyers. Apart from the furore ...

  2. Research helps collectors avoid rip-offs

    Posted Sep 20th 2010, 12:00am by Staff Reporter

    ... such as the Art Loss Register,' says Pierre Valentin, a partner at international law firm Withers. 'Some auction houses search these registers as a matter of course, but many dealers do not, so ... a pair of 18th century vases at an auction,' Valentin says. 'She was told the vases were original and she paid nearly GBP2 million for them. Doubts were later expressed that the vases ...

  3. Home deals stay low as buyers await measures

    Posted Sep 08th 2010, 12:00am by Peggy Sito

    ... Friday stood at 83.61 per cent of the level in 1997 and were 1.8 per cent higher than a month ago. Buyers were also looking to the coming land auction results, Chan said. Two sites will be put up for auction on September 29. One is a residential site at the junction of Fan Leng Lau Road, Wo Muk Road and Luen Hing Street in Fanling, and the other plot is on Lin Shing Road in Chai Wan. Last ...

  4. Easyknit lease dodges cooling measures for Ho Man Tin flat sales

    Posted Aug 17th 2010, 12:00am by Charlotte So

    ... shareholder of Easyknit. That compares with the HK$280 million total development cost of the project. The price list of the apartments will be announced after the auction of two pieces of land in Hung ... for the flats will come after the auction of two sites tomorrow The Ho Man Tin development by Easyknit International will contain at least this many flats: 300 ...

  5. Sotheby's braces for big auction

    Posted Apr 03rd 2010, 12:00am by Enoch Yiu

    ... president and chief executive, William Ruprecht, estimates that a Hong Kong auction to run from today until Thursday will generate at least HK$1.3 billion- almost double the HK$691.15 million realised at last April's spring auction. A total of 2,400 items will go under the hammer, including wine, paintings, antique furniture and jewellery. 'With the economic recovery from ...

  6. Wine auction sales expected to exceed US$60m this year

    Posted Sep 28th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Local wine auction sales are expected to top US$60 million this year, about twice the value of wine sold at auction in London, according to estimates from major auction houses. This will see the city solidify its position as the world's biggest fine wine auction market after New York. The city's rapid ascent is remarkable because it comes little more than a year ...

  7. 100 per cent duty may test demand for whisky

    Posted Nov 12th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong's 100 per cent duty on spirits is expected to test demand for old and rare whisky when the city's first whisky auction takes place in two weeks. The duty, levied on imports of spirits, means bidders who are successful at the auction will probably have to pay the government thousands of dollars, or more, in duty per bottle if they want to enjoy ...

  8. Japan auction house displays eclectic flair

    Posted May 12th 2009, 12:00am by Staff Reporter

    ... to be less expensive now because there are fewer competitors bidding in the market,' said Takashi Seki, president of Est-Ouest Auctions, Japan's oldest auction house. Est-Ouest, which focuses on the sale of jewellery, European antiques, western contemporary and fine art, Chinese and Japanese contemporary paintings as well as French glass, will hold its second auction in Hong ...

  9. Developers missing out in land list system

    Posted Oct 27th 2009, 12:00am by Gary Cheung, Olga Wong

    ... Olga Wong and Gary Cheung Land-hungry developers have succeeded in less than a quarter of their efforts over the past five years to trigger auctions of government sites- and even when they did, just a handful of the sites went to the company that originally prompted the auction. This has emerged from a review of land data ahead of a meeting today between Financial Secretary John ...

  10. High land price a departure from corruption as usual

    Posted Aug 26th 2009, 12:00am by Tom Holland

    ... with Tom Holland For the past few weeks, mainland media have been thick with stories about the record prices being paid at government land auctions. Report after report has detailed how ... are seldom that simple. As an investigation into land auction fixing by senior business executives and officials in Chongqing should remind us, the current record land prices are an aberration. ...




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