The sale of star chef Feran Adrià’s famed El Bulli cellar may have grabbed the headlines at Sotheby’s Hong Kong wine auctions last week, but for anyone following Asia's wine collecting scene, the real news came the day after.

Already with a strong presence in mainland China, with 26 boutiques there, Versace has big plans for the market this year despite a much-publicized luxury slowdown in formerly bulletproof cities like Beijing.

Currently with six boutiques in Greater China, iconic French footwear label Christian Louboutin is jumping feet-first, no pun intended, into the world of Chinese social media with the launch of official Sina Weibo, Youku, and Tudou accounts.

Paris came to Shanghai as Christian Dior presented its Spring-Summer 2013 haute couture collection at Bund 5 last Friday evening.

Though they clearly have an interest in all the trappings of "the good life," from private jets to tropical getaways and property around the world, China's rich and fabulous have yet to jump into the wide world of yachting with both feet.