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Award-winning Charlottesville, Virginia-based Kluge Estate Winery and Vineyard was valued at over $70 million before the recession but so unfortunately lost most of its value after the financial crash. Business mogul Donald Trump, of course, has taken advantage of the situation, purchasing the vineyard after it refused to sell at auction for the Farm Credit [...]
The construction of the Dubai Tiger Woods-branded golf residential complex has been halted due to poor market conditions in the Middle Eastern emirate. Bloomberg News reported that the developer of the luxury properties, Dubai Properties, stopped construction of the 55 million square-foot project because of lack of demand. While there is no word as of [...]
After their July 2008 foreclosure it didn’t look like Chicago’s Hotel 71 had many prospects but finally the hotel has sold for an all-cash deal. Hotel 71 sold for $37 million after the hotel was up to its head in debt. If you recall this is the same hotel that housed the Dark Knight’s Bruce Wayne [...]
This shell-shaped dish you see before you, while not really an ashtray, was used as one by one Sir Winston Churchill. Heard of him? The 200-year-old dish was used by Churchill while at a dining club function at London’s Savoy Hotel. The tray fetched $7,000 at auction. Guess it’s time we started saving someone else’s [...]
In: Financial
10 Nov 2009Gaston & Sheehan Auctioneers Inc. will soon host an auction for Bernie Madoff’s personal possessions. On November 14 at 10am you can bid on everything from Bernie’s Rolex watch collection, golf clubs, stationary and even a satin New York Mets jacket. Now, who’s gonna start the bidding?
In: Financial
14 Sep 2009Another luxury resort has sadly bitten the dust. The Nikki Beach Resort & Spa in Turks and Caicos has been closed after only being open for business less than two years. The British Caribbean Bank is now controlling the 430-acre property after owner Leeward Resort Ltd. went into receivership. The bank will be managing the [...]
The Four Seasons Resort Great Exuma at Emerald Bay was recently closed but it looks like the Bahamas resort might get a lifesaver after all. Sandals Resort has saved the Four Seasons at Emerald Bay and will be re-opening come January 2010. This will be the 14th Caribbean Sandals resort and the third located in [...]
Gucci’s new chief executive officer, Patrizio di Marco has unveiled his strategy for the Italian brand’s future. His strategy includes cutting production and multiple variations of the same style and solidifying the mid-range of the brand. Di Marco, who comes to Gucci from another PPR-owned company luxury leather brand Bottega Veneta, wants to balance contemporary [...]
The gentle sobbing you hear permeating the airwaves are the tears from 17 owners of the exclusive Bugatti Veyrons which are currently for sale at JamesList. The Veyron was introduced in 2005 as the fastest production car in the world and it is currently the fastest accelerating and decelerating production car in the world, with [...]
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