A Toast to a Well-Appointed Partnership

Salcedo Auctions and HSBC strengthen their partnership for the third year, with the announcement of HSBC as Salcedo Auctions’ Exclusive Bank Partner for 2023.

Text and images courtesy of Salcedo Auctions
February 23, 2023

Salcedo Auctions’ founders, Richie and Karen Lerma; HSBC Philippines’ President and CEO Sandeep Uppal; HSBC’s Head of Wealth and Personal Banking, Peter Faulhaber; Salcedo Auctions’ Richard Silvino

HSBC and Salcedo Auctions are thrilled to announce their renewed partnership for the third 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, together with Peter Faulhaber, Head of Wealth and Personal Banking at HSBC Philippines, led the contract signing during an exclusive media event held at Salcedo Auctions’ flagship Ayala Avenue Headquarters.

HSBC Philippines’ top executives Peter Faulhaber (Head of Wealth and Personal Banking) and President and CEO Sandeep Uppal with Salcedo Auctions chairman Richie Lerma.

“Today, we celebrate long fruitful relationships,” HSBC Philippines President and CEO Sandeep Uppal says. “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,” Salcedo Auctions Chairman and Chief Specialist Richie Lerma follows. “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.”

Both HSBC and Salcedo Auctions are dominant forces in their respective fields of finance and art, exhibiting strength and great resilience in the face of the recent challenges of the pandemic, adapting quickly to continue to offer a wealth of opportunities to their clients in an ever-evolving world.

HSBC Philippines top executives came in full force, including Angelica Gana, Denden San Buenaventura and Liv Flores shown in the photo with Salcedo Auctions’ Karen Lerma and Victor Silvino (center).

The milestone partnership was commemorated with a toast, appropriately made in the company of select Filipino masterpieces adorning the Salcedo Auctions preview gallery. Guests and friends from media were treated to a ‘sneak peek’ of ‘Important Philippine Art’ highlights from Salcedo’s forthcoming The Well Appointed Life auction, widely regarded as the crème de la crème of Philippine auctions. The sale also inaugurates the

March edition of this marquee auction, and is the first of Salcedo Auctions’ four major sales, which will be followed by auctions in June, September, and December 2023.

Salcedo Auctions’ PR and Events Associate, Bea Zamora; Client Services’ Joy Sorongon; Graphics Department Head, Jyjde Ayap; Client Services’ Bianca Ferro; Senior Graphic Designer, Therese Balmori. They are standing before one of the highlights displayed during the event, a painting by Emmanuel Cordova.

“Together, we have provided our customers opportunities beyond borders through well-curated investment pieces that help build legacy,” says Mr. Faulhaber during the toast.

HSBC wants to strengthen this commitment by opening up a world of opportunities through exclusive benefits to its clients in a manner that supports their passions and aspirations – such as the appreciation of art. Salcedo Auctions, for its part, offers unparalleled experience and expertise in the art market, providing expert investment advice in the sale and acquisition of art. Privileged access to experts in finance and art promises to further enrich the collecting experience.

HSBC Head of Markets and Securities Services Corrie Purisima viewing paintings by Betsy Westendorp and Romulo Olazo - part of the highlights on show during the media launch of the expanded partnership between HSBC Philippines and Salcedo Auctions.

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 at any of Salcedo Auctions’ sales through exclusive access keys that will be provided by HSBC client relationship managers. These, in addition to experiencing first-hand Salcedo Auctions’ specialist knowledge in its various art and collectibles categories, with dedicated staff assisting and advising clients in growing their collections and indeed redefining their legacies.

Salcedo Auctions’ The Well-Appointed Life live and online auction, co-presented by Exclusive Bank Partner HSBC, takes place on Saturday, 18 March 2023 at 2PM. The online catalog is available at salcedoauctions.com starting Friday, 3 March, with the in-person preview opening on Thursday, 9 March. For inquiries or bidding assistance, email [email protected] or phone +632 8823.0956 | +63917 591.2191. Follow @salcedoauctions on IG and FB.