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☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

☆ China’s growing love of luxury watches remains strong, despite economic headwinds
▼ + stars: | 2024-04-19 | by ( Leona Liu | ) edition.cnn.com time to read: +9 min

Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.

Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, ”, Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, “ Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, “, Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, “, Asia — China, Guadalupe, Swiss, watchmaking

☆ Done with diamonds? Gemstone engagement rings are capturing hearts and market share
▼ + stars: | 2024-02-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +4 min

"We're seeing a shift in much larger center stone engagement rings, primarily as a result of lab-grown diamonds, and sapphires and rubies tend to be very hot," Daga said. A decade ago, about 5% of engagement rings were colored gemstones, according to Daga. watch nowIndustry giant Signet Jewelers is seeing the same gemstone trend in the wedding category as well as in fashion pieces. Beyond engagement rings, Signet said amethyst and ruby are always popular stones for the Valentine's season. Solidcolours | Istock | Getty ImagesWholesale prices for sapphire gemstones are up 12% per year over the past three years, Daga said.

Persons: Craig Hastings, Ankur Daga, Daga, Jared, Kay, Signet, Beth Gerstein, Gerstein, Boonyakiat, Tourmalines Organizations: Industry, Signet, Getty, Istock, Rolex Locations: London, Madagascar, Angara, Kashmir, Sri Lanka, Zambia, Colombian

☆ Want to Live Like a Queen? This ‘Crown’ Auction Can Help.
▼ + stars: | 2024-02-02 | by ( Alex Marshall | ) www.nytimes.com time to read: +1 min

Despite all the scandals and tragedies, the royal lifestyle in “The Crown” looked enviably lavish. During six seasons, Queen Elizabeth II rode around London in a golden carriage, pulled by six horses. For most viewers, watching the show, which ended in December, was the closest they could get to the trappings of royal life. Those include two porcelain corgis that appeared on the queen’s writing desk ($380) and the Queen Mother’s drinks tray and champagne swizzle stick ($101). The version of the revenge dress that Elizabeth Debicki wears on “The Crown” has an estimated lot price of $10,000 to $15,000 in the Bonhams sale.

Persons: Queen Elizabeth II, Diana gallivanted, Diana’s, ”, Prince Charles, Elizabeth Debicki Locations: London, Europe

☆ Lionel Messi: Paper napkin ‘contract’ to seal move to FC Barcelona heads to auction with a $380,000 starting bid
▼ + stars: | 2024-02-01 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —The paper napkin containing the agreement which saw Lionel Messi join FC Barcelona will go to auction with a starting price of $380,000 (£300,000). Together with Rexach, Minguella helped organize Messi’s initial audition with the Blaugrana in September 2000. On December 14, Rexach, Minguella and Gaggioli met for lunch at the Pompeia tennis club to sign the napkin. “Yes, it’s a paper napkin, but it’s the famous napkin that was at the inception of Lionel Messi’s career. It changed the life of Messi, the future of FC Barcelona, and was instrumental in giving some of the most glorious moments of football to billions of fans around the globe.”

Persons: Lionel Messi, Messi, Carles Rexach, Minguella, Horacio, ” Rexach, Horacio Gaggioli, Josep Minguella, Rexach, Gaggioli, Joan Gaspart –, – Messi, ” Ian Ehling, “, Lionel Messi’s Organizations: CNN, FC Barcelona, Messi, Barcelona, Camp, La Liga, Bonhams Locations: Barcelona, Argentine, York

☆ Napoleon hat fetches record $2.1 million at Paris auction
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +1 min

PARIS, Nov 19 (Reuters) - A bicorne hat believed to have belonged to Napoleon Bonaparte sold for a record 1,932,000 euros ($2.11 million) at the Drouot auction house in Paris on Sunday. The price beat the 1,884,000 euros paid for another Napoleon hat at Drouot in 2014, a official at the auction house said. "One million four hundred fifty thousand (euros) to my left, 1.5 million, we have 1.5 million in the room, 1.5 million for Napoleon's hat. We're leaving it at 1.5 million for this major Napoleon symbol, I'm selling for 1.5 million (before fees), no regrets, sold," auctioneer Jean-Pierre Osenat said as he brought down the hammer to applause. Ahead of the auction, Osenat told Reuters the black beaver felt hat in the traditional bicorne shape was a trademark for Napoleon, who had owned about 120 such hats throughout his life.

Persons: Napoleon Bonaparte, Napoleon, Jean, Pierre Osenat, Osenat, Ardee Napolitano, Geert De Clercq, Andrew Heavens Organizations: Reuters, Bonhams, Thomson Locations: Paris, London

☆ Most expensive Ferrari ever auctioned fetches $51.7 million
▼ + stars: | 2023-11-15 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —A 1962 Ferrari 250 GTO has sold for $51.705 million, becoming the most expensive car from the Italian manufacturer ever sold at auction. “Now, it ranks among the most expensive cars sold at auction, a true testament to its singular place in history,” he added. Only 39 examples of the 250 GTO were built by the legendary Italian marque between 1962 and 1964, and it’s extremely rare for an owner to part with one at any price. Renowned car collector David MacNeil, founder and CEO of automotive floor-mat company WeatherTech, bought chassis number 4153 GT for $70 million in 2018. “The Ferrari 250 GTO is the motoring market’s equivalent of Van Gogh’s ‘Sunflowers’ and a talisman for any top-end collection,” said Knight.

Persons: Gord Duff, ” Duff, Le, ”, David MacNeil, James Knight, Van, “ Organizations: CNN, Ferrari, Scuderia Ferrari Locations: Sotheby’s, New York

☆ Painting bought at thrift store for $4 could fetch $250,000 at auction
▼ + stars: | 2023-08-30 | by ( Oscar Holland | Carlie Porterfield | ) edition.cnn.com time to read: +3 min

Her joke was no laughing matter, and the painting is now estimated to fetch as much as $250,000 at auction in September. According to specialists at Bonhams Skinner auction house, the seller unknowingly purchased the work at a Savers thrift store in Manchester, New Hampshire, while searching for frames to reuse. The Wyeth painting had been stashed against a wall along with mostly damaged posters and prints, according to the auction house. Bonhams Skinner auction house expects the painting to fetch between $150,000 and $250,000 at September's auction. Auction house specialists believe the publishing company Little, Brown and Company may have passed the work along to an editor or to the author’s estate.

Persons: Wyeth, Skinner, Bonhams Skinner, Lauren Lewis, Andrew Wyeth, Jamie Wyeth, Lewis, ” Lewis, CNN Wyeth, Helen Hunt, Ramona, ”, Brown, Paul Allen’s, Andrew Wyeth’s Organizations: The Art, CNN, Boston Globe, Globe, Microsoft, Christie’s Locations: Maine, Manchester , New Hampshire, N.C, York

☆ The most expensive cars sold at Pebble Beach, even amid disappointing auctions
▼ + stars: | 2023-08-21 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Total sales for the more than 1,200 cars sold over five auctions at Monterey and Pebble Beach reached $397 million, the second-highest total ever for the auctions according to Hagerty, the classic-car insurance company. "The cooling market we've observed for the past 15 months finally reached the Monterey auctions after having little impact last year," Hagerty said in a report. Total online collector-car auctions pulled in around $1.9 billion last year, just below the $2.4 billion from live auctions, according to Hagerty. Bonhams sold a 1967 Ferrari 412P for $30.25 million, which made it the the fourth most expensive Ferrari ever sold. Here are the three most expensive cars sold and what they went for.

Persons: Ferrari, Hagerty, Knight Frank, Knight Frank ., Sotheby's, Bonhams Organizations: Monterey, Monterey ., Monterey Car, Ferrari, RM Sotheby's Locations: Monterey, Pebble

☆ Rare Chinese Buddha statue up for auction at Bonhams in Paris
▼ + stars: | 2023-06-10 | by ( Yiming Woo | ) www.reuters.com time to read: +2 min

PARIS, June 10 (Reuters) - A rare Chinese Buddha statue, found in a French family home and part of a set thought to have been lost, is expected to fetch 1 million euros ($1.1 million) when it is auctioned on June 13 in Paris. According to auction house Bonhams, the piece is a very rare wood figure, a religious work depicting the Buddhist Bodhisattva Guanyin made in the 12th-13th century under the Jin dynasty. Over a metre high, the piece was last sold in the 1930s to a family in Boulogne, a suburb near Paris. [1/4] Head of Chinese Art Caroline Schulten at Bonhams auction house looks at a rare Buddha statue, believed to be from the 12th century in China, before its auction in Paris, France, June 9, 2023. Bonhams auction house says there are likely only a handful of such pieces left in the world, which are mostly in museums.

Persons: Guanyin, Jin, Caroline Schulten, Yiming Woo, Schulten, We’ve, Yming Wood, Dominique Vidalon, Hugh Lawson Organizations: REUTERS, Thomson Locations: Paris, Boulogne, China, France, Belgium, Switzerland

☆ I'm a vet who had a retro pug live for 18 years. Here's how I kept her healthy and why this super breed lives longer than pugs.
▼ + stars: | 2023-04-24 | by ( Crystal Raypole | ) www.businessinsider.com time to read: +6 min

She says retro pugs are playful and energetic and have fewer breathing problems than purebred pugs. Kasey was a retro pug who lived for 18 years, a few years longer than what's typical for a traditional pug. How healthier retro pugs came aboutAn 1802 painting of what pugs may have looked like in the early 19th century. Not only did retro pugs resemble historical pugs, they had improved genetics, fewer health issues, and a longer life expectency than purebred pugs. Bread and Butter Productions / Getty ImagesEye issues are common among pugs and retro pugs, but I've found retro pugs can heal much faster than their purebred relatives.

☆ I started an Instagram fan page for luxury watches and turned it into an $8 million resale business — here's how
▼ + stars: | 2023-02-13 | by ( Claire Turrell | ) www.businessinsider.com time to read: +9 min

He launched the company in 2020 and opened a brick-and-mortar store in a mall in Hong Kong in 2021. When I was being interviewed by Hypebeast in Hong Kong, I met my future cofounder and ecommerce expert Sean Wong. By July 2020, Sean had left his job, and I'd moved to Hong Kong to launch the brand. The Wristcheck store in the Landmark Atrium mall in Hong Kong. By November 2022, we'd raised $8 million, with our lead investors being Gobi Partners, who manage the Alibaba Hong Kong Entrepreneurs Investment Fund.

☆ How Nike's Air Jordan 1 became — and remained — the most prized lifestyle sneaker
▼ + stars: | 2022-11-19 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Nike on Saturday will release the Air Jordan 1 Chicago "Lost and Found"Some collectors consider it the "most iconic sneaker of all time." "The Air Jordan 1 is the most iconic sneaker of all time," said Jordan Geller, a sneaker collector and former owner of the ShoeZeum who in 2020 sold a pair worn by Jordan for a record $560,000. Michael Jordan wearing the Air Jordan 1 in 1985. AP Photo/Marcio Jose SanchezScarcity, storytelling, collaborations and the "Last Dance"After 1985, The Air Jordan 1 didn't re-release in original specs until 1994. "All of those releases are coveted by sneaker collectors and the 'Lost and Found' Air Jordan 1 will be as well," Geller said.

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