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  • November 24, 2014
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  1. Business - Comment - JAKE'S VIEW

    Art zealots' belief in high prices is nothing but blind faith

    Posted Nov 27th 2012, 12:00am by Jake Van Der Kamp

    ... fact. The art world doesn't have a sacred book, of course, but it does have its priests- auctioneers in just the right garb of tie and jacket with just the right confident academic manner (Steven Murphy fits the bill), accompanied at auction by aproned acolytes scurrying about to perform the mysteries. It also has its sacred temple and altar (auction room and display easel) ...

  2. Business - Comment - JAKE'S VIEW

    Calculating how many BMWs artistic value buys

    Posted May 30th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp Thrills of appreciation are not accepted in payment at the BMW dealership Calculating how many BMWs artistic value buys Auction houses on the mainland are hoping ... auction deals in them. But this is not a value. It is only a price. It is entirely and only speculative in nature. It depends purely on what other people have paid in the past and how much ...

  3. Business - Comment - JAKE'S VIEW

    Keep Hong Kong airport for wide-body jets and ditch need for third runway

    Posted Jul 15th 2014, 01:17am by Jake Van Der Kamp

    ... runway is worth HK$200 billion in convenience to their passengers, then they should be glad to make these passengers pay for it. Just allocate landing slots by auction. When the revenue from these auctions becomes sufficient to satisfy financial markets that the airport can service a HK$200 billion bond issue, then we can hit the Go button on a third runway. And if it is not sufficient, ...

  4. Business - Comment - JAKE'S VIEW

    Taxpayers should not pay for a third runway … but they will

    Posted Mar 04th 2014, 05:09am by Jake Van Der Kamp

    ... airlines. SCMP, March 1   Join me in a hopeless stand, Mr Cowen. You are absolutely right. Auctioning off landing and take-off slots at the airport is a brilliant idea. But these so-called ... of that cabal of airlines, hoteliers and tourist shop operators, which thinks itself entitled to ready access to the public purse. Auctioning off landing and take-off slots is the obvious way to go. ...

  5. Business - Comment - JAKE'S VIEW

    Land exchange is not the way forward

    Posted Jun 06th 2013, 12:00am by Jake Van Der Kamp

    ... to run. Land exchanges, commonly referred to as Letter Bs, were the solution. The farmers were given pieces of paper exchangeable for land to be sold at future auctions. This got around ... entitlements and few auctions at which to use them, as all the best land had already been used by the public sector. Beijing then insisted that all these obligations be retired before the 1997 ...

  6. Business - Comment - JAKE'S VIEW

    Public housing plan is a case of too much, too late

    Posted Aug 01st 2013, 12:00am by Jake Van Der Kamp

    ... photographs of competing developers leaning over to each other at land auctions for a quick whisper and a resulting "joint venture" bid. Partly as a result, the Lands Department instituted an "application system" whereby auctions are only triggered if a developer bids more than a reserve price held secret by the department. It may have kept auction prices up, but it has also ...

  7. Business - Comment - JAKE'S VIEW

    Doubt cast on competition argument

    Posted Oct 15th 2013, 12:00am by Jake Van Der Kamp

    ... They will tell you the licences for 3G mobile networks will soon be up for renewal, which is true, and the choice is between renewing them all, putting them all up for auction again and bringing one new ... on the basis of their judgment alone as to who should get them. Fortunately, common sense prevailed (one of then chief secretary Donald Tsang Yam-kuen's better calls) and we auctioned them. ...

  8. Business - Comment - JAKE'S VIEW

    New Hong Kong television licences must not be sold cheap

    Posted Jun 13th 2013, 12:00am by Jake Van Der Kamp

    ... auctions, this argument carries no weight at all. Yet, strange to say, it does appear to carry weight with the Office of the Communications Authority (Ofca), as evidenced by its thinking ... bought at auction, we shouldn't tell a television licensee what programming to offer. That's his commercial decision. Nor do we put only two or three development sites up for auction ...

  9. Business - Comment - JAKE'S VIEW

    Let's cut plot sizes to a minimum

    Posted Oct 04th 2012, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp The big problem is with government reliance on auctions and lease conversion for land revenues Let's cut plot sizes to a minimum With half of the city's new flats supplied by a few major developers, small to medium-sized property companies want more small plots auctioned off to help them compete against their bigger rivals. SCMP, October ...

  10. Business - Comment - JAKE'S VIEW

    MTR's rail-property development model not for all

    Posted Aug 06th 2013, 12:00am by Jake Van Der Kamp

    ... if they sold these sites at auction? To my mind, there never was one of those "win-win situations" of which they talk so much, but just a convoluted way of doing things when a simpler way ...




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