Golden Century

How Sydney’s most famous Chinese restaurant could be saved

PHOTO: Golden Century on Sussex St in Sydney’s Chinatown

  • Iconic Sydney Chinese restaurant Golden Century Seafood is in administration
  • Chinatown restaurant was known for its live lobster tanks, colourful characters 
  • Rescue plan hatched based on selling the restaurant’s vintage wine collection

Sydney’s most iconic Chinese restaurant, known as a favourite haunt of the city’s colourful characters, may have found an 11th hour reprieve.

Golden Century on Sussex Street in Chinatown, famed for its live lobster tanks and late-night banquets, looked doomed when it went into administration on August 19 after 31 years in business.

But a rescue plan now hinges partly on the liquidation of Golden Century’s stunning wine collection, valued at $1.2million, and on legal action taken by a customer for food poisoning not proceeding.

Golden Century on Sussex St in Sydney's Chinatown went into administration much to the horror of its host of regular customers - but it could still be saved

Golden Century on Sussex St in Sydney’s Chinatown went into administration much to the horror of its host of regular customers – but it could still be saved

Restaurant Supervisor May Su (pictured) stands in the usually crowded award winning Golden Century Seafood Restaurant in Sydney's Chinatown when the pandemic began

Restaurant Supervisor May Su (pictured) stands in the usually crowded award winning Golden Century Seafood Restaurant in Sydney’s Chinatown when the pandemic began

The wine collection has been placed on auction site Grays Online by the administrators Chifley Advisory.

Its holding company, Keenward would also be expected to contribute $750,000 to the rescue plan.

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