Krystal Chia Bloomberg

Hong Kong billionaire Joseph Lau has sold dozens of mostly Hermes bags for HK$25.2 million ($3.2 million) in an auction by Sotheby's.

When Indian architect Rahul Maini and his parents embarked on their first trip abroad in May, Singapore was their destination of choice. But the trio wasn't going for the hawker food or even the city-state's casinos -- they were there to get on a ship.

Hong Kong billionaire Joseph Lau has sold dozens of mostly Hermes bags for HK$25.2 million ($3.2 million) in an auction by Sotheby's.

When Indian architect Rahul Maini and his parents embarked on their first trip abroad in May, Singapore was their destination of choice. But the trio wasn't going for the hawker food or even the city-state's casinos -- they were there to get on a ship.