A personal dinner in Singapore with DBS CEO fetched over $14,000

A night with Tan Su Shan, CEO and director of DBS Group, was bought by public sale home Sotheby’s on Saturday for 18,900 Singapore {dollars} ($14,790) to the successful bidder — greater than double the pre-sale estimate of about SG$6,000 to SG$8,000.

The night contains pre-dinner champagne, a six-person non-public dinner hosted by Tan and a non-public tour at Singapore’s Nationwide Gallery, an artwork museum housed in two nationwide monuments, based on Sotheby’s.

“Set in a sublime and intimate setting, this dinner guarantees stimulating dialog and distinctive firm – ultimate for the discerning bidder searching for inspiration, connection, and a seat on the desk with considered one of Singapore’s most esteemed figures,” based on the public sale home.

Tan, who took over the helm of Southeast Asia’s largest financial institution in March this yr, has over 35 years of expertise in banking and wealth administration. She beforehand labored in senior roles at Morgan Stanley and Citi, and joined DBS Financial institution in 2010 because the group head of shopper banking and wealth administration.

Shares of the corporate have jumped over 10% since Tan took over as the primary feminine Chief Govt Officer of the Singapore-based financial institution.

In the case of charity auctions, providing meals with celebrities and prime enterprise leaders is a well-established observe, particularly when the highest 1% is within the room.

In 2022, a bidder paid over $19 million to dine with American investor and CEO of Berkshire Hathaway, Warren Buffett, to learn a San Francisco charity. A Singaporean man additionally paid greater than $2 million to have lunch with Buffett in 2014.

This auctioned expertise with Tan was a part of Nationwide Gallery Singapore’s tenth anniversary gala. Greater than SG$2.8 million was raised by the fundraising occasion held on Saturday, Sept. 13.

The funds raised from the occasion might be used to “advance the Gallery’s mission of creating artwork accessible to all – from enabling new exhibitions, deepening curatorial analysis, and increasing programmes that have interaction youngsters, seniors, and underserved communities,” based on a press release from the museum.

The public sale, managed by Sotheby’s, passed off on the gala and featured near 90 “uncommon artworks and luxurious experiences,” together with an paintings by Chinese language modern ink artist Li Huayi, which bought for SG$517,000, a report for an auctioned merchandise on the Gallery.