A WEEK is a long time in politics, and also it seems, in Hong Kong's club land. Wan Chai nightspot, Club It, has been on the market for several months now with an opening price of $3 million. Started mid-way last year as a sort of cajun/soul eatery with live music, the venue's door policy barring Filipinas ended up becoming its mainsource of publicity. Former Scotties boss Calvin Craig was brought in to revamp the club's management but left without resolving anything, as did disc jockey Mickey Smith who had also hoped to turn things around. Now it is strongly rumoured an Australian entrepreneur has paid $1.25 million for a 49 per cent share of the club, including a management agreement. Still in club land, The Time Is Always Now in Wyndham Street is also on the market, with mainland Chinese buyers said to be interested in acquiring yet another Central site. Just around the corner is the Jazz Club, a venue that has appeared doomed at several points in its history, thanks to various financial imbroglios. Happily, it will celebrate its fifth anniversary tonight with performances by Eugene Pao, Nogabe, the Victoria Jazz Band and the Japanese Big Band. MORE news this week of Jim Griffiths, the former chief executive of STAR TV who went on holiday at Christmas, only to be told he need not bother to return. Griffiths was effectively axed by the abrasive Sam Chisholm, the London-based cohort of STAR TV owner Rupert Murdoch, after a bruising personality clash between the pair. Popular wisdom said Griffiths would return home to Los Angeles and his old desk at another corner of the Murdoch empire, Fox. Not so. Griffiths, henceforth known as ''Lucky Jim'', has landed a senior post in the corporate affairs department of the Creative Artists agency run by super-agent Mike Ovitz - a man more famous, or infamous, than many of the Hollywood stars he represents. WHILE universally lauded for its decor, Stanley restaurant Tables 88 has received a brickbat for its bar snacks policy. A group settled at the bar one evening last week and ordered a round of drinks. In between sipping and chatting they chomped on munchies from various bowls on the bar in front of them, including a sort of melba toast, and, somewhat unusually, prawns witha spicy tomato dip. When the bill came the group found it was $72 more than they expected. It turned out the bar staff had calculated they had consumed four of the prawns and charged $18 each for the crustaceans, although they actually reckoned to have eaten more than twiceas many. They consoled themselves with the fact they had not touched a bowl of strawberries that also sat temptingly on the bar, reckoning their cost would have required each of them to take out a second mortgage. But they were also highly aggrieved Tables 88 wastempting guests into eating pricey bar snacks, without making it clear they were not complimentary. Offering guests free nibbles is, of course, the usual practice in most restaurants and bars in the territory, and worldwide for that matter. MOST of us imagine that once your name is in lights in cinemas on both sides of the Pacific, your bank balance will compare favourably with the gross national product of a small, but prosperous country. Not so, according to Wedding Banquet star Winston Chao. Now in Shanghai filming Red Rose, White Rose, Chao has been invited to Hong Kong to present an honour at the Hong Kong Film Awards dinner next month along with his current director Stanley Kwan. Although Wedding Banquet was a smash hit, its success has not found its way into Chao's pockets. To make sure he is properly kitted out for the awards, the actor has bought the shiny, and rather vulgar dinner jacket he wore in the film from the production company, since it is the only thing he can afford. ''I hope Kwan and I aren't asked to give out the award for best costume,'' Chao quipped.