The price for a prime dry goods stall doubled yesterday on the second day of the auction for the Lunar New Year Fair in Victoria Park.
In a day of record-breaking prices for some of the 284 dry goods stalls on offer, the most heated bidding was a 45-minute battle between two people. In the end, it was the most expensive deal for a dry goods stall in 10 years - HK$150,500 - more than double the HK$63,600 paid for the same stall last year.
The stall is located at the fair entrance, welcoming crowds swarming in from Great George Street in Causeway Bay.
The winner did not disclose her identity, but the losing bidder was Leung Yui-hung, who has sold the popular Guangdong chicken cake snacks at the fair for the past six years, and he had never had this stall.
'I stopped at HK$150,000 because otherwise I would have no money,' he said. 'I bought the one right next to it for HK$68,500, which is a great deal. Today is a good day.'
He said the price of eggs - a key ingredient - had gone up 20 per cent, but he would not be raising prices.
Eight of the dry good stalls are themed, twice as large as regular ones and only permit the sale of Lunar New Year-related food, spring couplets, toys or decorations. The most expensive themed stall drew a record-breaking HK$72,000 - the highest price for this type of stall in the past 10 years.
