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DBS CEO dinner auction in Singapore fetches $15,000 bid
Fortune Asia· 2025-09-18 09:49
Core Insights - Singapore is embracing luxury experiences, highlighted by a recent charity auction for a dinner with Tan Su Shan, CEO of DBS Group Holdings Ltd, reflecting the city's growing appetite for such events [1][2] Company Insights - The winning bidder paid S$18,900 (approximately $14,790) for the dinner, significantly exceeding the pre-sale estimate of S$6,000 to S$8,000, indicating a strong demand for unique experiences in Singapore's luxury market [2][3] - Tan Su Shan, who became the first woman to lead Singapore's largest bank in March, has a notable background in private banking and has held senior positions at Morgan Stanley and Citigroup before joining DBS in 2010 [4] - DBS Group Holdings crossed a market value of $100 billion in June, marking it as the first listed company in Singapore to achieve this milestone [4][6] Industry Insights - The National Gallery Singapore's 2025 auction raised over S$2.8 million to support new exhibitions and research, showcasing the potential for fundraising through luxury experiences [5] - The event featured nearly 90 rare artworks and luxury experiences, emphasizing the trend of combining art with exclusive experiences in fundraising efforts [5] - DBS has been a founding partner of the National Gallery since 2014, and Tan's involvement in the charity auction reflects the bank's ongoing commitment to supporting cultural initiatives [6]
X @Bloomberg
Bloomberg· 2025-09-18 01:00
Industry Trend - Singapore is joining the trend of charity meal auctions, indicating a growing appetite for luxury experiences [1]