HSBC and Salcedo Auctions have renewed their partnership for the third consecutive year, with HSBC as Salcedo Auctions’ exclusive bank partner for 2023.
HSBC Philippines president and CEO Sandeep Uppal and Salcedo Auctions chairman and chief specialist Richie Lerma, with Peter Faulhaber, head of Wealth and Personal Banking in HSBC Philippines, led the contract signing during an exclusive media event at Salcedo Auctions’ flagship Ayala Avenue headquarters.
“Today, we celebrate long fruitful relationships,” Uppal said. “We share the same commitment to the Philippines in opening up a world of opportunities for our customers and to Salcedo Auctions, bringing honor to world-renowned Filipino artists. We want to underscore how supporting the arts and culture, as epitomized by Salcedo Auctions, can be valuable. This partnership with the country’s leading auction house and the pioneer of the Philippine fine art auction industry opens an opportunity to have access to well-curated artworks with the added prestige of owning these pieces vetted by industry pioneers with expert knowledge and a proven track record of leadership.”
“I am delighted to mark the third year of what we see as an enhanced long-term partnership with HSBC,” Lerma said. “This collaboration is born out of shared values—a passion for excellence, a sense of responsibility, a dedication to delivering results, unwavering integrity and, most importantly, a broad perspective of the art market that takes the long view when it comes to the financial opportunities that it offers. It is this ethos that is at the heart of the milestone partnership of industry leaders that we celebrate today.”
HSBC and Salcedo Auctions are dominant forces in their respective fields of finance and art, manifesting strength and resilience in the face of challenges arising from the pandemic, with the long-term view of offering a wealth of opportunities to clients in an ever-evolving world.
The toast to partnership for art and finance
A toast highlighted the milestone partnership, made amid the collection of select Filipino masterpieces in the Salcedo Auctions preview gallery. Guests and the media were given a sneak peek into the Important Philippine Art highlights from Salcedo’s forthcoming The Well Appointed Life auction, a milestone event in the art scene. This sale will also inaugurate the March edition of this marquee auction, and is the first of Salcedo Auctions’ four major sales, to be followed by auctions in June, September, and December 2023.
“Together, we have provided our customers opportunities beyond borders through well-curated investment pieces that help build legacy,” said Faulhaber during the toast.
HSBC plans to strengthen this commitment by offering exclusive benefits to clients in their pursuit of passion for art. Salcedo Auctions strives to give expert investment advice in the sale and acquisition of art. Privileged access to experts in finance and art promises to enrich the collecting experience.
HSBC Philippines top executives in full force at the event: Angelica Gana, Denden San Buenaventura and Liv Flores, with Salcedo Auctions’ Karen Lerma (third from left) and Victor Silvino
HSBC clients will enjoy special privileges including first-to-market preview access to Salcedo’s marquee auctions and exhibitions, as well as pre-approval to participate online in Salcedo Auctions’ sales with the assistance of HSBC client relationship managers. Salcedo Auctions’ staff assists and advises clients in growing their collections.
HSBC head of Markets and Securities Services Corrie Purisima viewing paintings by Betsy
Westendorp and Romulo Olazo during the media launch of the
expanded partnership between HSBC Philippines and Salcedo Auctions.
Salcedo Auctions’ The Well-Appointed Life live and online auction, co-presented by Exclusive Bank Partner HSBC, is on March 18, 2023 at 2 p.m. The online catalog is available at salcedoauctions.com starting Friday, March 3, with the in-person preview opening on Thursday, March 9. For inquiries or bidding assistance, email [email protected] or phone +632 8823.0956 | +63917 591.2191. Follow @salcedoauctions on IG and FB.
