How to Spend $1 Million in Hong Kong

Art Basel concludes this evening in Hong Kong, after a second successful year. So far, the fair has attracted close to 100,000 visitors exploring 245 contemporary galleries from around the world.

Art collectors of ArtKabinett social media network may wish to splurge on Hong Kong's finest offerings while searching for contemporary sculpture.

Aside from buying art, here is what collectors with $1 million to spend can do when they visit Hong Kong Art Basel:

Fly in on a private jet with Remote Lands

Remote Lands is a bespoke, luxury tour operator founded by a wealthy couple who previously lived in Hong Kong.

The operator’s affluent, U.S.-based clients often jaunt to Hong Kong for quick weekenders on an Embraer Lineage 1000, which comes equipped with 22 seats, 2 flight crew and bathroom with shower. Private jet to Hong Kong: $250,000

Book the Presidential Suite at Peninsula Hong Kong

Fresh from a $58-million renovation with newer advanced technology (the touch of a button transforms a writing table into a vanity), Peninsula Hong Kong has wooed dignitaries, celebrities and upscale visitors alike since 1928, making it the oldest hotel in Hong Kong.

The 4,100-square-foot Peninsula Suite on the 26th floor, pictured here, comes equipped with its own helipad, private balcony, screening room, 24-hour butler and Rolls Royce.

For Art Basel, Peninsula Hong Kong partnered with British artist Tracy Emin (known for her I Promise to Love You neon installation in NYC’s Times Square 2013) for a unique laser animation presentation. This is the first art piece to ever be projected on the hotel’s facade.
Presidential Suite at Peninsula Hong Kong ($22,637 per night at 3 nights): $67,911

Uncork exclusive wines from Ginsberg+Chan

After abolishing its wine tariff in 2009, Hong Kong became one of the leading regions in the world for record-breaking wine auction sales and currently stands as the wine hub of Asia. The exclusive wine shop Ginsberg+Chan stocks rare and limited-edition wines frequently sold to gourmands and connoisseurs alike.

Grab a bottle of DRC Romanee Conti Grand Cru 1966 (($12,000) from Burgundy, one of the world’s greatest wine producers, Louis Roederer Cristal Millennium Methuselah 1990 (only 2,000 were produced, $11,352) and Chateau Latour Double Magnum 1982, a 100-point wine according to Robert Parker ($9,675). Rare wines at Ginsberg+Chan: $33,027

Throw a private Art Basel event at Ozone

On the 118th floor of Ritz-Carlton Hong Kong, Ozone is Asia’s highest bar and among the tallest in the world. Literally in the clouds at 1,600 feet, the indoor/outdoor bar flaunts staggering, 180-degree views of Hong Kong Island and Victoria Harbour (on a clear day), and the swank interiors are equally impressive.

Buy out the entire floor for up to 600 people for $103,202 with premium open bar and bites. While you’re at it, snag Ozone’s only bottle of 3-liter Petrus Pomerol 1982.

At a million Hong Kong dollars ($129,202), the bottle is more expensive than the actual rooftop buyout. Private event at Ozone ($103,202) + Petrus Pomerol ($129,202): $234,405

Buy art at Art Basel

Art Basel Hong Kong will not only see works of emerging, notable artists but also a slew of priceless art from familiar faces. Hammer Galleries will debut at the fair this year, bringing an exhibition of Impressionist and Modern Masters with an approximate value of 100 million USD, including important historical works like Picasso’s 1941 ‘Femmes dans un Fauteuil.’ A related Picasso painting sold at auction for $22 million.

A buzzy exhibit will be from Mitchell-Innes & Nash in New York City, featuring modern master paintings and intimate drawings by Jean Arp, Anthony Caro, Nancy Graves, Roy Lichtenstein, Brice Marden, Henri Matisse and Andy Warhol. Comfortable price for an artwork at Art Basel: $400,000

Cruise the harbor on your own private yacht

Last year’s Numarine 78-foot luxury yacht recently sailed to Hong Kong, and yachters can entertain up to 25 guests when booking with Riviera Orientale, a premium yachting society.

The bespoke furnishings, stylish interiors and spacious deck truly impress, ensuring it stands out flashy from other yachts in Hong Kong. Numarine is equipped with two cozy cabins should you want to stay aboard overnight. Numarine 78-foot luxury yacht charter for one night: $20,000

Rent out Fatty Crab for an evening

Hong Kong has seen a range of culinary imports open in the past year like Catalunya by elBuli’s Alain Devahive Tolosa. Among them, NYC’s Fatty Crab has created a buzzing scene with artists, hipsters and tastemakers who order notable, signature dishes like crispy pork belly and chile Dungeness crab. Guests can rent out the entire restaurant with food and beverage included (100 people max) for $9,675. Fatty Crab buy-out for one night: $9,675

Total spending: $1,015,018