Valerie arrived at the table apologizing profusely. “I’m sorry we’re late. Our chauffeur mistakenly took us to the Landmark Mandarin Oriental instead of this one.”

“Not a problem,” Corinna replied graciously. Tardiness was one of her pet peeves, but with the kind of retainer the Lius were paying her, she wasn’t about to complain.

“I’m surprised you wanted to meet here. Don’t you think the tearoom at the Four Seasons is much nicer?” Valerie asked.

“Or even the Peninsula,” Lester chimed in, casting a dismissive eye at the rectangular 1970s-era chandeliers cascading from the ceiling of the lobby.

“The Peninsula gets too many tourists, and the Four Seasons is where all the new people go. The Mandarin is where proper Hong Kong families have been coming to tea for generations. My grandmother Lady Ko-Tung used to bring me here at least once a month when I was a girl,” Corinna patiently explained, adding, “You must also leave out the ‘Oriental’—we locals simply call it ‘the Mandarin.’ ”

“Oh,” Valerie replied, feeling a little chastised. She glanced around, taking in the subdued oak-paneled walls and armchairs with just the perfect amount of sag in the seat cushions, her eyes suddenly widening. Leaning closer in, she whispered excitedly to Corinna, “Do you see who’s over there? Isn’t that Fiona Tung-Cheng with her mother-in-law, Alexandra Cheng, having tea with the Ladoories?”

“Who are they?” Lester asked, a little too loudly.

Valerie nervously shushed her husband in Mandarin. “Don’t stare—I’ll tell you later!”

Corinna smiled in approval. That Valerie was a quick study. The Lius were relatively new clients, but they were Corinna’s favorite type of clients—Red Royals, she called them. Unlike fresh-off-the-boat Mainlander millionaires, these heirs of China’s ruling class—known in China as fuerdai, or “second-generation-rich”—had good manners and good teeth, and had never known the deprivation of their parents’ generation. The tragedies of the Great Leap Forward and the Cultural Revolution were ancient history as far as they were concerned. Obscene gobs of money had come easily to them, so obscene gobs they were ready to part with.

Lester’s family controlled one of China’s largest insurance companies, and he met Valerie, the Shanghai-born daughter of an anesthesiologist, when they were both at the University of Sydney. With an ever-growing fortune and ever-refining taste, this thirtysomething couple was ambitiously striving to make their mark on the power scene in Asia. With homes in London, Shanghai, Sydney, and New York, and a newly constructed house that resembled a cruise liner in Hong Kong’s Deep Water Bay, they were anxiously filling the walls with museum-quality art in the hopes that Hong Kong Tattle might soon do a feature.

Lester got right down to business. “So how much do you think these scrolls will end up going for?”

“Well, that’s what I wanted to discuss with you. I know you said you were prepared to go up to fifty million, but I have a feeling we will break all records tonight. Would you be prepared to go up to seventy-five?” Corinna said carefully, testing the waters.