AVENUE January 2015 by AVENUE Magazine

AVENUE

JANUARY 2015

Master Class

BRIDGET AND BILL KOCH on founding Oxbridge Academy

the palm beach issue

INSIDE THE COCONUTS: THE Palm Beach New Year’s Party

Premier DeveloPers We are pledged to the letter and spirit of the U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. Oral representation cannot be relied upon as correctly stating representations of the developer. For correct representations make reference to the documents required by section 718.503, Florida Statues, to be furnished by a developer to a buyer. Obtain the property report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. All features, dimensions, drawings, graphic material, pictures, conceptual renderings, plans and specifications are not necessarily an accurate depiction and are subject to change without notice, and Developer expressly reserves the right to make modifications.

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The one in Fort Lauderdale theyâ&#x20AC;&#x2122;re all talking about.

Riva is the new riverfront condo that every agent who sells luxury has at the top of their list. And every buyer who wants to live on the water has squarely in their sights. With over $55 million in sales, Riva is already the most successful new prestige address in town. And with exceptionally large 2 and 3 bedroom models from $700,000 to over $3 million, it has the answer for everyone who wants to live right on the water. And above it. Visit our waterfront sales gallery just north of Sunrise, across the river from Galleria and the park. Entrance drive at 1180 N. Federal Hwy. 954.233.3288 riva-condo.com.

La Dolce Vita Where the River Meets the Park.

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Fisher Island with its backdrop of Downtown Miami, South Beach and the Atlantic Ocean.

A WORLD APART. BEACH I MARINA I TENNIS I GOLF I RESTAURANTS & BEACH CLUB I SPA & FITNESS CENTER BOUTIQUE HOTEL I DAY SCHOOL I COUNTRY MARKET I FERRY SERVICE TO & FROM THE MAINLAND

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. All artistâ&#x20AC;&#x2122;s or architectural renderings, sketches, graphic materials and photos depicted or otherwise described herein are proposed and conceptual only, and are based upon preliminary development plans, which are subject to change. This is not an offering in any state in which registration is required but in which registration requirements have not yet been met. This advertisement is not an offering. It is a solicitation of interest in the advertised property. No offering of the advertised units can be made and no deposits can be accepted, or reservations, binding or non-binding, can be made in New York until an offering plan is filed with the New York State Department of Law.

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Introducing Palazzo Del Sol. 47 new waterfront condominium residences on celebrated Fisher Island. A haven of privacy and exclusivity, minutes from South Beach and the cultural attractions of Miami, with superbly curated building amenities and 6-star white-glove services.

Priced from $6.5 million to $35 million. Now under construction. On-site Sales Pavilion: 305 535 6071 info@palazzodelsol.com palazzodelsol.com One Fisher Island Drive, Fisher Island, Florida 33109

RED BY herein ements binding

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L E TTE R F RO M T H E EDITOR

DEAR READERS, WELCOME TO THE PALM BEACH ISSUE. One of the nicest aspects of my job is the opportunity to meet some truly interesting and dynamic people. Bridget and Bill Koch are undeniably both of the above. The day I spent with them in Palm Beach was informative and fun. This is a couple who live their lives to the fullest. Not only do they have an extraordinary collection of art (and arguably the best collection of American Western frontier art in the world), an oenophile’s dream cellar, an America’s Cup trophy (Bill won the race in 1992), and a passel of gorgeous and well-behaved children, but they are also charming and down-to-earth hosts. At the end of a long day, they invited the entire team to dinner, and I was lucky enough to get to sample some of Bill’s delicious wines. I thoroughly enjoyed my time with them, and think that their latest endeavor, the creation of Oxbridge Academy, will be their most impressive contribution yet. Palm Beach has always been known for its elegant parties, and none more so than the New Year’s Eve Coconuts Ball. Christopher Lawrence uncovers the secrets of this private ritual, which has been going on for decades. This month’s Cocktail on the Avenue is someone I’ve known all my life, Lewis Lapham. His daughter, Delphina and I are the same age, and we grew up during summers together. It was an odd sensation to be interviewing a friend’s dad, especially since he has long been one of my heroes, not only for his renown and wonderful prose, but for taking a risk and inventing an interesting and didactic print magazine that doesn’t feel like homework. In the tradition of all great ideas, Lapham’s Quarterly is filling a void we didn’t know we had.

“I was lucky enough to get to sample some of Bill’s delicious wines.”

Enjoy the issue!

Daisy Prince

NAVID

Editor

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RESIDENCES

Come Home to tHe New RivieRa A collection of residences in world-class hotels R OS EWOOD

SLS LUX

GRA ND HYAT T

Last opportunity for pre-opening pricing starting from $1.1 million residences@bahamar.com I +1.678.620.9490 I BahaMar.com

Not intended as an offer of or solicitation to buy real estate where prior qualification is required. Void where prohibited by law. Illustrations are conceptual renderings (or photographs included for illustrative purposes only) that may not reflect the project as currently designed or ultimately be constructed. Plans, specifications, features and pricing and are not complete and are subject to change without notice. References to prices are estimates only and will vary based on the unit that is purchased. English shall be the controlling language regarding interpretation. The Baha Mar Project (and the residency component) is owned, offered, marketed, sold, constructed and developed exclusively by Baha Mar Ltd. Baha Mar is not owned, offered, marketed, sold constructed or developed by Rosewood Hotels and Resorts, L.L.C., SBE Hotel Group, LLC; or Hyatt Corporation, or any of their affiliates (collectively, the “Brands”). All registered trademarks, trade names, and photos and product/facility depictions (collectively “Brand Intellectual Property”) of the respective Brands are owned by each Brand, as applicable and such Brand Intellectual Property has been included for illustrative purposes only. The Developer’s use of the Brand Intellectual Property is pursuant to various contractual agreements with each of the Brands which contractual agreements may be amended or terminated in the future in accordance with their terms. The respective Brand’s Intellectual Property will not be associated with the Residences, or any residential unit situated within the Residences, upon termination of any of the agreements with the respective Brands. While certain management functions will be under the direction and auspices of the Brands, neither the Developer nor the Brands guaranty the continued use or availability of such services or of the Brand Intellectual Property. Neither purchasers of any Residences, nor any community association constituted with respect to the Residences nor any segment thereof shall have any right, title or interest in and to the name of any of the Brands or Brand Intellectual Property. Any purchase of a residence should be without reliance upon any Brand identification. Any purchase of a Residence should be for personal use and enjoyment and should be without reliance upon any potential for future profit, rental income, economic or tax advantages. No legal or financial advice is being offered and purchasers are solely responsible for determining whether any investment is appropriate or suitable based on personal investment objectives and financial status. No warranty or guarantee is made concerning eligibility for permanent residency and/or citizenship and in all cases specific inquiries should be made to the relevant agency. Consult with your own legal and business advisors. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSORS. FILE #s: CD13-0215, CD13-0216, CD13-0217. SPONSORS: BAHA MAR, LTD., BAHA MAR LAND HOLDINGS, LTD., BMP GOLF LTD., BMP THREE LTD. - BAHA MAR BOULEVARD, CABLE BEACH, NASSAU, N.P., THE BAHAMAS. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. © 2014 - Baha Mar Ltd. - All rights reserved. Equal Housing Opportunity.

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JANUARY 2015

VOL. 39 NO.1

FEATURES 54

PALM BEACH A-LIST

MADE IN PALM BEACH

Whom you should know now in Palm Beach. Bridget and Bill Koch talk to us about their lives, their famous art and wine collections and the amazing new school they have in Palm Beach.

by andrea doyle photographed by navid

HISTORY OF THE COCONUTS

AVENUE delves into the world of the uber-prestigious and exclusive Coconuts Ball in Palm Beach. Held annually on New Year’s Eve, the ball has been around since the era of F. Scott Fitzgerald.

by christopher lawrence

YOGI READY

Holly Weston shares her life as a yogi in Palm Beach.

by haley friedlich photographed by cynthia conley

this page (from top) Bill Koch wears his own clothing.

Bridget wears a white silk sleeveless jumper by Brunello Cucinelli. Fringe metal necklace by Brunello Cucinelli. Jewelry by Seaman Schepp.

Photography by Navid. Styling by Claudia Talamas. Hair by Melissa Peverini. Makeup by Reigan Zapatier.

VINTAGE HOLLYWOOD

A look back at Douglas Fairbanks, Jr.

by gregory speck

letters to the editor AVENUE welcomes “Letters to the Editor” Please address to: Editor Daisy Prince 72 Madison Avenue, 11th Floor New York, NY 10016 dprince@manhattanmedia.com

on the cover

Bridget wears a floor-length turquoise jersey evening gown and jewelry by Graff. Photography by Navid, styling by Claudia Talamas.

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PALM BEACH ROUNDTABLE Palm Beach real estate experts convene.

moderated by paola iuspa

110

FINANCIAL ROUNDTABLE

Our experts weigh in on the investment climate and more.

moderated by haley friedlich

F O RT L AU D E R DA L E ’ S O N LY N E W T RU E B E AC H F R O N T R E S I D E N C E S An exceptional development from the team behind many of South Florida’s most desirable properties, including Jade Beach, Jade Ocean, Murano Grande, and Apogee. With lifestyle amenities and services from the brand behind award-winning residential and resort destinations, including Esperanza, Auberge du Soleil, and Calistoga Ranch. aubergebeach.com

Sales by RELATED REALTY in collaboration with FORTUNE DEVELOPMENT SALES

954.379.86 44

F ORTUN TUNE E I N T E R N A T IO NA L GROUP

Obtain the property report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, make reference to this brochure and to the documents required by section 718.503, Florida statutes, to be furnished by a developer to a buyer or lessee. This is not intended to be an offer to sell, or solicitation of an offer to buy, condominium units to residents of CT, ID, NY, NJ and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the Prospectus for the Condominium and no statement should be relied upon if not made in the Prospectus. Developer (as is defined herein below) reserves the right to revise or modify designs and construction specifications. All depictions of appliances, fixtures, counters, soffits, wall coverings, floor coverings, furnishings, closets, and other matters of detail, including, without limitation, items of finish and decoration, are conceptual only and are not necessarily the final finishes and details included with the purchase of a Unit. The managing entities, operators, hotel operators, amenities, resort managers, spas, restaurants, and other features referred to are accurate as of the date of this publication; however, there is no guarantee that these will not change. Dimensions and square footage of the Units are approximate and may vary with actual construction. This Condominium is being developed by PRH Fairwinds, LLC (“Developer”), which has a limited right to use the trademarked names and logos used herein pursuant to a license and marketing agreement. The Related Group, Fortune International Group, and The Fairwinds Group are not, singularly nor jointly, the developer. No real estate broker is authorized to make any representations or other statements regarding the project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All prices are subject to change. Services and products offered by any spa, resort, concierge, beach club, restaurant, or other vendor are offered for a fee. Consult the Prospectus for the site plan and the location of the Unit you desire. © 2014, PRH Fairwinds, LLC. All rights reserved. Unless otherwise noted, the content is owned by Developer and the unauthorized reproduction, display or other dissemination constitutes copyright infringement.

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AVENUE JANUARY 2015

VOL. 39 NO. 1

COLUMNS 32

CHRONICLES

The most wonderful time of the year . . . for parties.

by debbie bancroft

OBJECTS OF DESIRE

Palm Beach muses of two distinct styles.

by haley friedlich

TRENDSCAPE

New Year, New You!

by mi mi chloe park

COCKTAIL ON THE AVENUE

Our editor-in-chief shares a drink with noted American writer and author Lewis Lapham.

by daisy prince

UNREAL ESTATE

Palm Beach properties worthy of an investment.

by michael gross

128

POSTCARDS FROM . . .

Nick Papanicolaou shows us around the Greek island of Mykonos.

introduction by haley friedlich

130

SOCIAL SAFARI

Happening and openings in Gotham.

by r. couri hay

132

WORLD ACCORDING TO . . .

Hilary Geary Ross knows Palm Beach like the back of her hand, and the ubiquitous society columnist shows us around her turf.

introduction by mi mi chloe park

DEPARTMENTS 15

ON THE AVENUE

Winter storms don’t detract partygoers, which means more cause to celebrate; don’t forget Art Basel!

by mi mi chloe park

34 COMPLIMENTARY GLASS OF CHAMPAGNE WITH A MAIN COURSE WHEN YOU MENTION AVENUE.

ARTS CALENDAR

Feast the senses on auctions, exhibitions and performances in New York and Palm Beach.

by mi mi chloe park

AVENUE online

For the latest on people and parties, visit www.avenuemagazine.com Like and follow us on

10 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

@AVENUEinsider

Sales by RELATED REALTY in collaboration with FORTUNE DEVELOPMENT SALES

OBTAIN THE PROPERTY REPORT REQUIRED BY THE FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.

This is not intended to be an offer to sell, or solicitation of an offer to buy, condominium units to residents of CT, ID, NY, NJ and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the Prospectus for the condominium. The plans, specifications, designs, amenities, recreational facilities, managing entities, hotel operators, and restaurant operations, (if any) referred to are accurate as of this publication; however, the Developer reserves the right in its sole discretion to change any of these. This condominium is being developed by FOUR PARAISO, LLC which has a limited right to use the trade names, logos, images, and trademarks depicted pursuant to license agreements. The Related Group is not the Developer.

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AVENUE PRESIDENT Randi Schatz rschatz@manhattanmedia.com EDITOR Daisy Prince dprince@manhattanmedia.com ART DIRECTOR/MANAGING EDITOR Jessica Ju-Hyun Lee Ho jlee@manhattanmedia.com DEPUTY EDITOR Haley Friedlich hfriedlich@manhattanmedia.com ASSOCIATE EDITOR Mi Mi Chloe Park mpark@manhattanmedia.com REAL ESTATE EDITOR Michael Gross mgross@manhattanmedia.com FASHION DIRECTOR AT LARGE Emily Barnes CONTRIBUTING EDITOR Christopher Lawrence CONTRIBUTING WRITERS Debbie Bancroft

■

R. Couri Hay

■

Andrew J. Roth

HAMPTONS EDITOR Helena Gautier CONTRIBUTING PHOTOGRAPHERS Billy Farrell

■

Patrick McMullan

■

Keith Major

ADVERTISING DESIGNER Jen Ng jng@manhattanmedia.com COPY EDITOR James Walsh FACT CHECKER Andrew J. Roth INTERN Delia Caroline Bennett ASSOCIATE PUBLISHER Susan Feinman sfeinman@manhattanmedia.com SENIOR ACCOUNT DIRECTORS Allyson Deane adeane@manhattanmedia.com

Eva Saleh esaleh@manhattanmedia.com

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CORPORATE SALES DIRECTOR Seth L. Miller HAMPTONS SALES DIRECTOR Steven McKenna smckenna@danspapers.com HAMPTONS ADVERTISING SALES REPRESENTATIVES Denise Bornschein ■

Kathy Rae

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Catherine Ellams

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Jean Lynch

Tom W. Ratcliffe III

FLORIDA REGIONAL PUBLISHERS Maria Lourdes Gallo

■

Rosemary Winters

ACCOUNT DIRECTORS, SOUTH FLORIDA & CARIBBEAN Maria Coyne mecoyne@mecoyneinc.com ■

Donna Falcone dfalcone@mecoyneinc.com

MARKETING MANAGER Kieara Nunez knunez@manhattanmedia.com GENERAL MANAGER OF OPERATIONS Shawn Scott sscott@manhattanmedia.com ACCOUNTS MANAGER Kathy Pollyea kpollyea@manhattanmedia.com CIRCULATION MANAGERS Aaron Pollard apollard@manhattanmedia.com Dave Caldwell dcaldwell@manhattanmedia.com DIRECTOR OF DIGITAL Dennis Rodriguez drodriguez@manhattanmedia.com WEB DEVELOPER Harvey Richards hrichards@manhattanmedia.com |

manhattan media |

CHAIRMAN OF THE BOARD Richard Burns rburns@manhattanmedia.com EXECUTIVE VICE PRESIDENT Hilary Vartanian hvartanian@manhattanmedia.com Avenue Media, LLC 72 Madison Avenue, 11th Floor, New York, NY 10016 Subscriptions are $100 in U.S., $150 overseas Tel: 212.268.8600 Fax: 212.268.0577 E-mail: avenue@manhattanmedia.com www.avenuemagazine.com Member of:

12 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

OW N D I F F E R E N T. 8% L E ASE BAC K P RO G RAM

MANAGED BY

DE S IGNE D BY WO R L D L EA D I N G A RCH I T EC T M I CH A EL G RAV ES

NEW ON-SITE SALES GALLERY: 551 NORTH FORT LAUDERDALE BEACH BOULEVARD, FORT LAUDERDALE, FLORIDA, USA 954 749 7200 | THEOCEANFORTLAUDERDALE.COM

EXCLUSIVE SALES & MARKETING

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATION OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY DEVELOPER TO A BUYER OR LESSEE. THE PROPERTIES OR INTEREST DESCRIBED HEREIN ARE NOT REGISTERED WITH THE GOVERNMENTS OF ANY STATE OUTSIDE OF THE STATE OF FLORIDA. THIS ADVERTISEMENT DOES NOT CONSTITUTE AN OFFER TO ANY RESIDENTS OF NJ, CT. HI, ID, IL, OR ANY OTHER JURISDICTION WHERE PROHIBITED, UNLESS THE PROPERTY HAS BEEN REGISTERED OR EXEMPTIONS ARE AVAILABLE. CONRAD® IS A REGISTERED TRADEMARK OF CONRAD HOSPITALITY, LLC, AN AFFILIATE OF HILTON WORLDWIDE (“HILTON” OR THE “HOTEL COMPANY”). NEITHER HILTON NOR ANY OF ITS PARTNERS OR AFFILIATES IS IN ANY WAY PARTICIPATING IN OR ENDORSING THE OFFERING DESCRIBED IN PUBLIC DISCLOSURE DOCUMENTS AND NONE OF THEM WILL RECEIVE ANY PROCEEDS FROM THE SALE OF THE CONDOMINIUM UNITS AND THE PURCHASERS OF THE CONDOMINIUM UNITS WILL NOT RECEIVE ANY INTEREST IN HILTON OR ANY OF ITS PARTNERS OR AFFILIATES. HILTON HAS NEITHER ENDORSED NOR APPROVED THE SALE OF THE CONDOMINIUM UNITS PURSUANT TO ANY PUBLIC DISCLOSURE DOCUMENTS.

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WALD

Stephen P. Wald Real Estate Associates, Inc.

111 East 56th Street, New York off Park Avenue

Luxury Pre War hotel suites available. The Perfect New York Investment Studios to four bedrooms from $600s * Corporate and Foreign Buyers Welcome ON SITE: Licensed Real Estate Broker * 212.750.WALD * WALDREALESTATE.COM

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BFANYC.COM

On the

AVENUE photographed by Benjamin Lozovsky

China Chow at Visionaire 64 Art by John Baldessari in Miami, Florida

ON THE AV E N U E

A TASTE OF DUTCH Aby Rosen and Samantha Boardman hosted their annual Art Basel dinner at the Dutch in Miami. Who’s who in New York flocked down to celebrate various art acquisitions and warmer weather. A copious amount of libations were consumed, because when in Miami, one should party, should you not? 1. Elisa Sednaoui 2. Ali Kay and Alexander von Furstenberg 3. Paris Hilton and Nicky Hilton 4. Vito Schnabel and Michael Hess 5. Samantha Boardman and Aby Rosen 6. David Edelstein and Andre Balazs 7. Pepe Fanjul and Bob Colacello 8. Maria Bell and Todd Eberle 9. Yvonne Force Villareal and George Lindemann 16 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

BILLY FARRELL/BFANYC.COM

Annual Art Basel dinner

INDEPENDENCE BEGINS WITH A CAPITAL “G”. Since our founding by the Pew Family in 1956, we’ve remained client-focused, financially sound, and proudly independent. As a privately-held trust company with $27 billion under management, we’re in a position of strength and we never struggle with competing priorities. Instead, our team of experts crafts a long-term view of your financial future and measures success solely by how well we manage wealth, from one generation to the next.

www.glenmede.com Glenmede’s services are best suited for those with $5 million or more to invest. To learn more, please contact Steve Brandfield at 212-328-7332 or steve.brandfield@glenmede.com CLEVELAND • MORRISTOWN • NEW YORK • PHILADELPHIA • PRINCETON • WASHINGTON, DC • WILMINGTON

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ON THE AV E N U E

IN ANY WAY, SHAPE OR FORM Almost 40 years since Pierre Paulin designed modular furniture pieces for Herman Miller, Louis Vuitton brings back the 1972 project to Design Miami. Guests at “Playing with Shapes” wined and dined with their cohosts, Michael Burke, chairman and CEO of Louis Vuitton, and Craig Robins. 1. Kate Hudson 2. Jesse Jo Stark, Craig Robins and Bella Hadid 3. Jérémie Laheurte 4. Derek Blasberg and Kate Young 5. Michelle Williams and Michael Burke 6. Andrea Dellal 7. Miranda Kerr 8. Laure Heriard Dubreuil and Aaron Young

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BILLY FARRELL/BFANYC.COM

Louis Vuitton with Design Miami

South of the highway 2488 Main St, P.O. BOx 1251, BridgehaMPtOn, nY 11932. 631.537.5900 | ÂŠ 2014 dOuglaS elliMan real eState. all Material PreSented herein iS intended fOr infOrMatiOn PurPOSeS OnlY. While, thiS infOrMatiOn iS Believed tO Be cOrrect, it iS rePreSented SuBject tO errOrS, OMiSSiOnS, changeS Or WithdraWal WithOut nOtice. all PrOPertY infOrMatiOn, including, But nOt liMited tO Square fOOtage, rOOM cOunt, nuMBer Of BedrOOMS and the SchOOl diStrict in PrOPertY liStingS are deeMed reliaBle, But ShOuld Be verified BY YOur OWn attOrneY, architect Or zOning exPert. equal hOuSing OPPOrtunitY.

HAVE IT ALL, WAINSCOTT SOUTH East Hampton | $3,999,000 | Stunning home with many custom features that create an environment full of comfort, beauty and originality. The 6-bedroom, 6.5-bath home was lovingly built with the finest materials. The floor plan boasts a gourmet kitchen, home gym, a number of beautiful living spaces and is enhanced even more by the two remote-controlled gas fireplaces and one wood-burning fireplace. The 1.19-acre property includes numerous specimen trees, a pool house by the heated Gunite pool and hot tub. Web# H46936

thE AtLANtIC tEAM At dOugLAs ELLIMAN REAL EstAtE JAMEs kEOgh, Lic. R.E. salesperson JustIN AgNELLO, Lic. R.E. salesperson hARA kANg, Lic. R.E. salesperson O: 631.267.7341 | james.keogh@elliman.com

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ON THE AV E N U E

BASELING AROUND Art Basel VIP preview

A selected few perused through white wall spaces adorned with the foremost in contemporary art for the VIP preview of Art Basel 2014. 1. Dee and Tommy Hilfiger 2. Lisa Marie Fernandez 3. Doreen Remen, Casey Fremont Crowe and Yvonne Force Villareal 4. Robert Mnuchin and Sukanya Rajaratnam 5. Terry and Jenny Laird

A HEART OF CHROME

1. Iggy Pop 2. Atlanta de Cadenet 3. Erika Cohen, Sean Kelly and Marina Abramovic 4. Zoë Kravitz 5. Richard Stark, Elle Macpherson and Laurie Lynn Stark

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BENJAMIN LOZOVSKY/BFANYC.COM

The hippest of the art set congregated at Chrome Hearts to watch Lenny Kravitz’s offspring, Zoë, perform with her band, Lolawolf. The space will debut limited edition pieces and works of art, and the Fahey/Klein gallery will occupy the second floor.

BENJAMIN LOZOVSKY/BFANYC.COM

Chrome Hearts unveils a new Miami store

S:7.625”

LOEWSHOTELS.coM

| 800.23.loews

A LIT TLE TIME IN MIAMI. TO F E E L YO U N G AG A I N .

S:10.375”

ANNAPOLIS • ATLANTA • BOSTON • CHICAGO • HOLLYWOOD • MIAMI • MINNEAPOLIS • MONTREAL • NASHVILLE • NEW ORLEANS NEW YORK • ORLANDO • PHILADELPHIA • SAN DIEGO • SANTA MONICA • ST. PETE BEACH • TUCSON • WASHINGTON D.C.

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ON THE AV E N U E

TREADING ON THIN ICE For the ninth consecutive year, Swarovski partners with Design Miami to commission a multidisciplinary installation with works by Jeanne Gang and James Balog. “Thinning Ice” is an environmentally focused work highlighting the need for water conservation and preservation and incorporates Swarovski crystals. Guests gathered at Cecconi’s for a celebratory dinner. 1. Nadja Swarovski 2. Patricia Urquiola and Alberto Zontone 3. Athena Calderone, Jennifer Fisher and Misha Nonoo 4. Julie Macklowe, Danielle Schriffen and Lara Schriffen 5. Marva Griffin and Rodman Primack 6. Angela Goding 7. Paul Donaher and Isabel May 8. James Balog and Dayssi Olarte Kanavos

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ANGELA PHAM/BFANYC.COM

Swarovski celebrates at Art Basel

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ON TH E AV E N U E

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HELL-BENT FOR LEATHER Revelers of design gathered for a private reception for the opening of Peter Marino’s “One:Way” exhibition, curated by Jérôme Sans. Featured in the exhibition are Marino’s personal collection of art, his signature cast-bronze boxes, and newly commissioned works by artists such as Farhad Moshiri and Gregor Hildebrandt. Marino donned his cheeky leather armor for the occasion. 1. Dana Drori and Darrell Hartman 2. Jay Jopling and Hikari Yokoyama 3. Elodie and Richard Taittinger 4. Amy Fine Collins 5. Jérôme Sans and Peter Marino 6. Bill Powers 7. Peter Brant 8. Chrissie Erpf and Larry Gagosian 9. Jean-Michel Othoniel, Almine Ruiz Picasso and Johan Creten

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PAUL PORTER/BFANYC.COM

Peter Marino at the Bass Museum of Art

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ON THE AV E N U E

BUCKLE DOWN Miami lunch for iconic French brand

Inés de la Fressange and Roger Vivier creative director Bruno Frisoni hosted a luncheon to celebrate the Roger Vivier and Ambra Medda collaboration.

1. Inés de la Fressange 2. Amanda Hearst and Hassan Pierre 3. Ambra Medda, Bruno Frisoni and China Chow 4. Freida Pinto 5. Livia Firth

FROM BUENOS AIRES TO MIAMI

1. Alan Faena 2. Edgar Vaudeville and Dylan Lauren 3. Carlyne Cerf de Dudzeele, Oribe and Linda Evangelista 4. Baz Luhrmann and Bruce Weber 5. Gina Nanni and Glenn O’Brien

26 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

JOE SCHILDHORN/BFANYC.COM

Amidst the frenzy of events, Len Blavatnik and Alan Faena of the Faena Group of Argentina hosted a dinner in collaboration with Rem Koolhaas, Oma and Studio Job. It was a soirée for the convergence of architecture, art and development as the group prepares to debut the Faena District of Miami Beach in 2015.

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ON THE AV E N U E

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IN HONOR OF BUNNY MELLON Cohosts Margaret Russell, Deeda Blair and Sotheby’s William Ruprecht held a dinner in honor of the sale of the collection of late Mrs. Paul Mellon. Bronson Van Wyck organized the occasion, planning out details to mimic a similar dinner that Mr. Paul Mellon organized in 1976. Delft china, delicate place settings and pastoral landscapes channeled the ethos of Mrs. Mellon. 1. Ralph Rucci 2. Lee Radziwill 3. Gigi Mortimer 4. Bill Ruprecht, Bronson Van Wyck, Celerie Kemble and Betsey Ruprecht 5. Kim Heirston-Evans 6. Tory Burch 7. Margaret Russell and Deeda Blair 8. Mario Buatta and Christian Howard

28 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

MADISON MCGAW/BFANYC.COM

Sotheby’s fetes the sale of a private collection

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O N TH E AVE NUE

A FUNNY THING Benefit for the Michael J. Fox Foundation

Philanthropists and media types gathered for an evening of comedy and music to benefit the Michael J. Fox Foundation for Parkinson’s Research. This year’s gala raised more than $5.4 million for the organization. 1. Esme Fox, Michael J. Fox, Tracy Pollan, Aquinnah Fox and Sam Michael Fox 2. Rob and Anne-Cecilie Speyer 3. Shahidah Omar and J.B. Smoove 4. Deborah W. Brooks, David Glickman, Judy Glickman and Leonard Lauder

MIAMI’S ART KING Jorge Pérez and AVENUE on the Beach

1. Darlene and Jorge Pérez 2. Matt Allen and Carlos Rosso 3. Dary Moran and Enrique Moya 4. Selene Arvesu and Michelle Minagorri 5. Neal Sroka and Jean Shafiroff

30 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

BRETT HUFZIGER

Miamians and New Yorkers toasted Jorge Pérez and his December AVENUE on the Beach cover. Sunset cocktails were enjoyed at ONE Paraiso, a property of the Related Group.

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CH R O N IC L ES |

D EB B IE BA N CR O FT

SOCIALLY UNSTOPPABLE The bitter cold won’t stop us from having a good time!

Bennett Miller

32 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

Steve Carell

Bill Bratton

Margaret Russell and Marcia Mishaan

Richard Mishaan

Channing Tatum

PATRICKMCMULLAN.COM

y now, the whole panoply of the holidays is but a distant memory, and you are probably reading this on the treadmill, or from a downward dog position, ridding yourself of the fleshy reminders of your indulgent carousing. But even before the sugarplums landed, the mistletoe mistakes were made, and the glogg was glugged, here’s what happened. “The greatness of a nation and its moral progress can be judged by the way its animals are treated,” Gandhi once said, as quoted by emcee Chuck Scarborough at the Annual ASPCA Humane Awards. So true. Cipriani was bursting with animal lovers, whom we know are inherently nicer, warmer and better-looking people. Perhaps more factually, among the award winners were Annika Glover, an 11-year-old-girl with cancer, who gave her Make-A-Wish gift (usually, understandably, redeemed at Disneyworld) to an animal rescue organization; Congressman Jim Moran, who in his Linda Lambert twelve terms in Washington has been a champion of animal protection; and Bill Bratton, our own New York police commissioner, who in his department’s new partnership with the ASPCA has increased animal abuse arrests 160 percent in the first six months. And yes, ASPCAbranded tissues were at every seat, including those belonging to Nancy Silverman (who funded a major rescue), ASPCA president and CEO Matt Bershadker, Linda Lambert, Ellen Scarborough (whose rescue kitty, Emma, has just joined the family), Betsey Ruprecht, Caroline Dean, Emilia Fanjul, Michael Bruno, Jill Rappaport and Audrey Gruss. I probably shouldn’t follow that with Foxcatcher, but there were no foxes harmed in the film—just wrestlers. The Cinema Society hosted the glamorous premiere for the film about John du Pont and his extraordinarily odd story. Director Bennett Miller Michael McCarty, Richard Johnson and Steve Millington introduced the stars: “Channing Tatum, who used to be a dancer; Vanessa Redgrave, a newcomer; and Steve Carrell”—who is rumored to be a front-runner for best actor for this performance. We moved on to Top of the Standard, where relatives of Mr. du Pont told me, “He made us very nervous at Christmas.” Others, less close, included Sheryl Crow, Valentino, Zac Posen, Nicole Miller, Ang Lee, Tom Bernard and Aaron Sorkin. Richard Mishaan celebrated the publication of his newest book, Artfully Modern, at his store, Homer, then at dinner at Margaux at the Marlton. “I’m still in disbelief that we were the number one release on Amazon for seven weeks! That’s enough reason for celebration, and I was surrounded by people who worked on the book, whose homes are in it, or who inspired me.” Among the muses: Margaret Russell, Lisa Jackson (whose new store, LJ Cross, is the answer to every husband’s Lisa Jackson holiday shopping bewilderment), Tiffany Dubin, Dennis Basso, Patricia Duff and Richard Cohen, Bettina Zilkha, Tracy and Jay Snyder, Claude Wasserstein, and of course . . . Marcia Mishaan! I could fill another two pages with merriment and awe: A Delicate Balance’s opening night, with John Lithgow, Glenn Close and the rest of the cast’s chorus of “Happy Trails to You” in honor of Mike Nichols, his traditional close to filming; Michael’s jubilant twenty-fifth anniversary celebration; and all things Bunny. And that’s before the turkey trotted us into all things December. Give me strength. ✦

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A RTS C A L E N DA R |

MI MI C H LO E PARK

FEASTS FOR THE SENSES This month's selection of art and culture in Palm Beach and New York

December - January

Armory Art Center

Dec. 13 – Jan. 10, 2015: Michael Burges and Kathrina Mayer Lausberg Contemporary Jan. 17 – 30: Andy Mayer

Andrea Rosen Gallery

1700 Parker Avenue West Palm Beach, FL 33401 561.832.1776

Dec. 13 – Jan. 24, 2015: The Thing and The Thing-In-Itself Dec. 13 – Jan. 24, 2015: Michael Wang 525 West 24th Street New York, NY 10011 212.627.6000

The Norton Museum of Art Jan. – March 29: Klara Kristalova: Turning into Stone Jan. – April 5: Pastures Green: The British Passion for Landscape 1451 South Olive Avenue West Palm Beach, FL 33401 561.832.5196

January

Claude Monet.Charing Cross Bridge, 1902.

Henri de Toulouse-Lautrec. Queen of Joy (1892). Color lithograph, Musée d'Ixelles, Brussels

The Society of the Four Arts

Dec. 6 – January 11, 2015: Toulouse-Lautrec and La Vie Moderne: Paris 1880–1910 January 24 – March 29: American Treasures from the Farnsworth Art Museum 2 Four Arts Plaza Palm Beach, FL 33480 561.655.7227

“Drawn from public and private collections in Holland and France, this groundbreaking exhibition is comprised of approximately 200 works in a dizzying array of media: paintings, watercolors and drawings; rare zinc shadow puppet silhouettes which illustrated programs for the famous Chat Noir cabaret shadow theater; and key ephemera for Parisian theaters . . .” —Four Arts Club

34 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

Jan Schoonhoven. Thin Ridge Cardboard — Second One, 1965.

David Zwirner Gallery Jan. 8 – Feb. 21: Mamma Andersson Jan. 8 – Feb. 21: Diana Thater, Science, Fiction Jan. 9 – Feb. 14: Al Taylor, Pet Stains, Puddles, and Full Gospel Neckless Jan. 9 – Feb. 14: Jan Schoonhoven 519 West 19th Street New York, NY 10011 212.727.2070

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January

SOTHEBY’S

Jan. 23 – 25: Americana Jan. 28: Master Drawings Jan. 29: Master Paintings: Part I Jan. 29: Selected Renaissance and Mannerist Works of Art Assembled by Fabrizio Moretti Jan. 29: Master Paintings and Sculpture: Part II

Christie’s

Jan. 13 & 14: Interiors Jan. 23: American Furniture Jan. 27: Mandarin and Menagerie: The Sowell Collection and Chinese export art from various owners Jan. 27: The Abbott-Guggenheim Collection: A New York Kunstkammer

1334 York Avenue New York, NY 10021 212.894.1990 Giovanni della Robbia. Glazed terracotta figure of Saint Michael the Archangel, 1500.

20 Rockefeller Plaza New York, NY 212.636.2000

January 27 - April 19 Flagler Museum

January 27 – April 19: Bouguereau’s “Fancies”: Allegorical and Mythological Works by the French Master 1 Whitehall Way Palm Beach, FL 33480 561.655.2833

“Bouguereau’s works embody values such as equality, charity, and respect for the humanity and dignity of mankind.” —Flagler Museum of Art

Hirschl & Adler

Dec. 18 – Feb. 12: Very Rich & Handsome: American Neo-Classical Decorative Arts 730 Fifth Avenue New York, NY 10019 212.535.8810

Old Paris vase with a Portrait of Thomas Jefferson, c. 1820

“Over the past 25 years Hirschl & Adler has mounted a series of important furniture and decorative arts exhibitions that focus on the design and aesthetic of America during the Neo-Classical era, 1800–1840. I am happy to say they are considered very important academically (and will be accompanied by a fully illustrated 144 page book) but are also very beautiful ‘domestic-like’ installations of how objects were used in the Federal American home.” —Elizabeth Feld

The Metropolitan Opera Hansel and Gretel: Jan. 1, 3, 8, Aida: Jan. 2, 5, 10, The Merry Widow: Jan. 3, 6, 9, 13, 17, 20, 23, 28, 31 La Traviata: Jan. 7, 10, 14, 17, 21, 24, Les Contes d’Hoffmann: Jan. 12, 16, 22, 27, 31, La Bohème: Jan. 15, 19, 24, Iolanta/Bluebeard’s Castle: Jan. 26, 29

36 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

Lincoln Center Plaza New York, NY 10023 212.362.6000 ✦

Hansel and Gretel

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OB JE C TS O F DES IR E |

HA LEY FR IEDLIC H

ALL THAT GLAM And then there are the Palm Beach moments worthy of unleashing your inner Zsa Zsa . . .

3 1. Wide-brimmed hat in raffia canvas, $730, by PAULE KA. Available at Paule Ka, 723 Madison Avenue, NYC, 646.649.5562, pauleka.com

2. Polka-dot oversized cat eye sunglasses, $185, by DOLCE&GABBANA DOLCE&GABBANA. Available at Bloomingdale’s, The Gardens Mall, 3105 PGA Boulevard, Palm Beach Gardens, 561.625.2000, bloomingdales.com 3. Incredibles Collection diamond and ruby necklace, price upon request, by HARRY WINSTON. Available at Harry Winston, 718 Fifth Avenue, NYC, 212.399.1000, harrywinston.com 4. Black and gold tulip caftan in knee length, $250, by CALM CAFTAN CAFTAN. Available at calmnyc.com 5. “The” Ring, $12,000, by LIZZIE MANDLER. Available at lizziemandler.com

6. Crocodile covered beaded handle pouch, $3,410, by NANCY GONZALEZ. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach 561.805.6150, neimarcus.com. 7. Luciano lip color, $32, by TOM FORD BEAUTY. Also available at Neiman Marcus. 8. Darcy double-strap sandals, $870, by GIANVITO ROSSI. Available at Barneys New York, 660 Madison Avenue, NYC, 212.826.8900, barneys.com 9. Skinny collar stud belt with flower, $395, by MICHAEL KORS. Available at Michael Kors, 610 Fifth Avenue, NYC, 212.582.2444, michaelkors.com

7 38 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

10. Cheetah iPad sleeve, $98, by ELAINE TURNER TURNER. Available at Elaine Turner, 1091 Madison Avenue, NYC, 212.535.8630, elaineturner.com

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2 1. Santorini straw hat, $250, by MICHAEL KORS. Available at Michael Kors, 610 Fifth Avenue, NYC, 212.582.2444, michaelkors.com 2. Leonard II Frost White sunglasses, $290, by ILLESTEVA Available at Intermix, 218 Worth ILLESTEVA. Avenue, Palm Beach, 561.832.4606, intermix.com 3. Tribale earrings, price upon request, by DIOR. Available at Christian Dior, 202 Worth Avenue, Palm Beach, 561.655.1455, dior.com 4. Kalate printed crinkle silk chiffon caftan, $395, by CALYPSO ST. BARTH. Available at Calypso St. Barth, 247 Worth Avenue, Palm Beach, 561.832.5006, calypsostbarth.com

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5. The Expert Lip Color in Micaval, $35, by KEVYN AUCOIN. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach 561.805.6150, neimanmarcus.com 6. Butterfly brooch by GRAFF. Available at Graff Diamonds, 221 Worth Avenue, Palm Beach, 561.355.9292, graffdiamonds.com

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7. Lily loafer in silver, $695, by KOTUR. Available at koturltd.com 8. Unscented body lotion, $22, by INDIE LEE LEE. Available at indielee.com 9. Soie-Cool Tiny bag in calfskin and silk twill, $1,425, by HERMÈS. Available at Hermès, 240 Worth Avenue, Palm Beach, 561.655.6655, hermes.com

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10. White Snake watch, $350, by JENNIFER MILLER. Available at Jennifer Miller, 5 Via Mizner, Palm Beach, 561.659.9095, jennifermillerjewelry.com

8 40 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

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MI MI C H LO E PARK

RESTORE AND RENEW New Year, New You

Mirror, Mirror

Korean beauty products are making waves in the beauty industry, and there’s a simple reason: it’s because of the approach to using skincare products to your enhancement. If you spend 30 minutes applying makeup, why wouldn’t you spend just as much time caring for your skin? Sulwhasoo Snowise EX Brightening collection, is the result of 10 years of research. It clarifies and evens with its signature Tri-White complex. Ingredients include white ginseng saponin, white cloud grass and white polysaccharides, which help to promote natural circulation. Follow a regime by using Snowise EX balancing water, fluid, serum and spot serum for dark spots, lastly apply the brightening cream and BB cream for extra coverage. Your face will thank us for it! Available at Bergdorf Goodman.

Breaking Dishes for a New Year

Sant Ambroeus has been and will be our go-to establishment for Italian fare, and the restaurant has recently launched a new outpost down in SoHo. In honor of the trendy neighborhood, 50 one-of-a-kind designer plates have been unveiled, decorating the walls. Creatives such as Aurélie Bidermann, Edward Enninful and Donald Robertson each decorated a plate for the beloved establishment. Gaze at the dinnerware while sipping on an Americano Campari, and don’t forget to indulge with an order of the trofie al ragù di agnello: the flavors combined with a hint of harissa and mint are subtle and to die for. (Don’t worry—they also have gluten-free pasta.) Sant Ambroeus SoHo, 265 Lafayette Street, 212.966.2770

Lalique Your Home Decorate and rearrange your home with pieces that have provenance, craftsmanship and meaning. DJL Lalique International deals privately with the largest René Lalique glass collection in the entire world; their pieces include some of the most delicate and elegant vases, clocks, statues, lighting and original drawings, which have been exhibited in places like the Metropolitan Museum of Art and Germany’s Münchner Stadtmuseum. Collecting artistry such as this is undoubtedly a viable investment. djllalique.com

42 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

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C O C KTAI L ON T H E AVENUE |

D A I S Y P RI N CE

LITERARY TRIUMPH

Lapham’s Quarterly is the fastest growing consumer magazine in America. Find out how editor Lewis Lapham has taken the Greats and put them to work in the digital age.

Paul & Jimmy’s Restaurant 123 East 18th Street New York, NY 10003 212.475.9540 www.paulandjimmys.com

n the age of the Internet, starting a print magazine is now universally considered a huge risk. But starting a literary magazine with no traditional advertising base, the majority of whose writers have been dead for years, run by the archetypal 20th-century editor, could be considered brave to the point of foolhardiness. But that was the gamble Lewis Lapham took when he decided to create his historical compendium, Lapham’s Quarterly, and, in spite of the odds, he has made success of a print magazine in the digital age. The Quarterly, as Lapham calls it, is a digest of historical primary sources centered around a single theme. War, Love and Money are just a few of the topics that the Quarterly has addressed, with excerpts from William Shakespeare, Arthur Schlesinger Jr., Thucydides, Mark Twain and Goethe, to name just a few contributors. Subscriptions to the magazine are 30,000 and another 10,000 a quarter are sold on newsstand and in bookstores. They are number 9 in the Barnes and Noble current events section, and given equal space with People, The Economist and Time.. Read by a diverse group of people, it also makes an excellent birthday present. (I should know: I’ve given it as a gift more than once.) Lapham suggests we meet for a drink at a local and friendly Italian place, called Paul and Jimmy’s on 18th and Irving. Decorated with wooden tallboys and an obliging bar, Lapham arrives a few minutes late and is warmly welcomed by the barkeeper. “I do all my business here,” he says, and informs me that he’s going to have two drinks, a cocktail and a glass of wine. He orders a vodka on the rocks and sips it lightly, and we begin by talking about how he got his start as a reporter. He was born into a family that, had the decks been shuffled differently, would have meant that Lapham would never have had to write more than his own checks. His great-grandfather was one of the founders of Texaco oil, but his grandfather, the eldest of four children, was careless with money and managed to lose most of his share of the family fortune. There was still enough money around to send Lapham to Hotchkiss and Yale, and his upbringing was much more likely to have produced someone who would have gone into those the twin spheres of American influence: finance or law. Always a man of letters, neither career held much appeal, although Lapham was initially intrigued by the CIA, who recruited him while he was an undergrad. After he left Yale, he was invited to interview with the organization and had prodigiously read up on every geopolitical crisis of the era in preparation. (“I saw myself wearing a trench coat, getting on the last train for Berlin with a very beautiful blond German girl.”) But his dreams of life as a daring spy were swiftly dashed when he walked into the room and saw the place full of the smug preppies he’d run a mile to avoid while he was at New Haven. “They thought they were of a superior mold,” he says wryly. The questions the interviewers asked him were: (1) If you are standing on the 13th fairway at the national golf links in Southampton, which club do you use; (2) It’s 6:00 in the evening, the last week in August, and you are 44 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

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18/12/14 2:40 pm

COCK TA IL O N T H E AVEN UE sailing the final approach to the Fishers Island Yacht Club. What tack are you on?; and (3) Does Muffy Fanes wear a slip?* After giving an approximate reply to the third question (please see the bottom of the page for answers) Lapham apologized for wasting the CIA’s time and promptly got a job at the San Francisco Examiner and was sent to Oakland, Calif. to cover the police beat. His job in Oakland taught him how to write for a newspaper, got rid of his undergraduate purple prose, and instructed him on how to find his way around City Hall. After three years, he came back to the East Coast and found work with the Herald Tribune in 1960. Lapham pauses briefly to ask for a glass of Cabernet Sauvignon; he has barely touched his vodka, but perhaps the ritual of having two drinks is more important that the actual amount of alcohol consumed. Lapham speaks wistfully of his time at the Tribune. “It was a wonderful paper, they wrote rings around the New York Times. I thought I’d died and gone to heaven.” In those Mad Men– era days, being a reporter didn’t hold the same cachet as it came to have in subsequent decades, and Lapham recalls an incident at a cocktail party on the Upper East Side when a pretty girl asked him what he did. Puffed up with pride, he answered proudly, “I’m a newspaper man.” The girl cocked her head to one side and said, “So what are you going to do when you grow up.” Luckily, he never veered from his chosen path. He is known as one of America’s preeminent essayists. Lapham’s precise and rapier-like prose is reminiscent of Mark Twain, as is his ability to prick the pomposity of the establishment. After a stint at the Saturday Evening Post magazine, Lapham joined Harper’s Magazine as a writer in 1970, he became editor in 1975, a position he retained, more or less, for the next 30 years. However in 2006, he was ready for a new challenge. He thought, “I’m 72, in the fourth quarter of my life. If I don’t do this now, when?” He set up Lapham’s Quarterly as a nonprofit called the American Agora Foundation. “I thought it had a better chance of raising money as an educational foundation than as a literary magazine. Essentially, I was going to be selling the great books, and they are topical. All the great magazines have been digests at one time or another. The American audience doesn’t have a big attention span, it never did, even in the 19th century.

“This was a way of teaching history. People are interested in history. Americans are self-educating, self-improving people.” He knew his readers would be in their fifties, with time to read on their hands and wishing they’d paid more attention when they were in school. His audience would be the kinds of people who tour historic houses in Newport, dress up in Civil War uniforms or go to Colonial Williamsburg. He figured if he could get it to a circulation of 50,000 he’d have a shot that it would break even, and, so far it’s working. It is up 12% which is the fastest rate of growth for a consumer magazine. There is sense of triumph in Lapham as he warms to his subject: “It’s fun to edit. And you will know this as a magazine editor, that most of

“This was a way of teaching history. People are interested in history. Americans are self-educating, self-improving people.” the time you are hoping against hope that the people you commission will turn in something publishable. You spend a lot of time taking a C manuscript and asking for a rewrite or doing a rewrite yourself and bringing it up to a B+ if not an A. I got tired of it at Harper’s. This way you are always working with the A-list. I’m reading Dickens or Thucydides or Virginia Woolf. It’s an embarrassment of riches. It’s always a sense of getting to read things that I have always wanted to read or reread.” He knows that these works will give his audience pleasure. He is not delivering a sermon, nor does he have a political agenda. When I ask him about the future of print, he thinks it will be niche but a big niche. “It will be good writing. There will always be a market for good writing.” He corrects himself: “It’s not a market, it’s an audience, I don’t write for a market, I write for an audience. I write for human beings.” My last question is: If he could pass on one life lesson learned, what would that be? “The best job is the one you invent for yourself, it’s that simple.” With that, Lewis Lapham welcomes his next meeting. ✦

*See if you too could have been accepted into the CIA in 1957: (1) Probably the 7 iron. (2) Port. (3) As the resident nymphomaniac on the Ivy League circuit, Muffy was the very beautiful, very wild heiress to a major commodity fortune who, according to local lore, was known to scamper around college campuses in a mink coat with nothing underneath. Lapham notes, “If one did not have carnal knowledge of Muffy in the 1950s, then one was no one in the Ivy League,” Lapham’s information is secondhand on the topic; his source was Romanian, but rumors were of Belgian lace and French silk. 46 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

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UNR E A L ESTAT E |

MICHA EL G ROSS

Priceless Provenance

An aerial view of 640 South South Ocean Boulevard.

Two venerable Mizner estates for sale on the Palm Beach oceanfront offer more than architectural distinction. They’re also landmarks of American wealth and power.

he two grand homes are located twelve miles apart, at opposite ends of Palm Beach’s famous Ocean Boulevard, but they have much in common. Both are on the market. Both were originally designed by the town’s signature architect, Addison Mizner, and later remodeled by architects almost as well-known. And both offer a glimpse into the lives of America’s wealthiest. The owner of Villa Tranquilla, at 640 South Ocean Boulevard, a 15,500-square-foot, eight-bedroom house built in 1923 and renovated in 1947 under the supervision of architect Marion Sims Wyeth, is asking $42,900,000. A smidgen smaller, and ever so slightly less expensive, 1095 North Ocean Boulevard, which was built in 1925 and first renovated in 1933 by Maurice Fatio, has eleven bedrooms and two hundred feet of oceanfront, and is offered for sale at $38,500,000. But each of them is more than bricks and mortar, more than official local landmarks: their provenance is notable—and priceless. The first was built for a descendant of an officer in the American Revolution, and later owned by a member of a great munitions-making family. The other, The pool at Villa Tranquilla commissioned by a merchant prince from Philadelphia, later served as the Winter White House. Those are the sort of ghosts that are not only easy but fun to live with. Built in the Mediterranean Revival style that characterizes so many of the great historic homes of Palm Beach, the two-story Villa Tranquilla stands on just over an acre of land, enclosed by a stucco wall decorated with a much-admired wrought iron fence, which surrounds a small courtyard, and a sedate front entrance leading into the tile-roofed house, which has arched windows and doors that overlook its 175 feet of Atlantic oceanfront. Originally L-shaped, the house now surrounds its tiled, heated pool on three sides, and includes a guest house. Among other improvements, its current owner updated it to a “smart” house, but had the sense to keep Mizner’s paneled “pub” room.

48 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

Based on Mizner’s own home just to the south, it was built for Dr. DeGrimm Renfro of Pennsylvania, who had the architect furnish it and, in 1929, add additional rooms and loggias. As the great-grandson of Peter Forney, a captain in the North Carolina Dragoons, Renfro, an investment banker, qualified as a member of the Sons of the American Revolution. Wyeth’s postwar additions to the estate, which included an elevator, were apparently commissioned by later owners. Among them were a real estate investor, a lawyer, and A. Felix and Ann du Pont. Born in Wilmington, Delaware, Felix had joined his family’s manufacturing firm, E. I. du Pont de Nemours & Co., in 1900, and become a key figure in its munitions business, running its gunpowder division. He was also an aviation buff, specializing in gliders. Du Pont first married in 1902, but divorced his wife, a descendant of a wealthy Maryland family, in 1937 in Reno, Nevada, on the grounds of mental cruelty, and the same day married Anne de Armond, a member of the Marvel clan of Delaware, which also included a Superior Court judge, an ambassador to Denmark and the du Pont family’s longtime lawyer. Anne’s former husband had also been associated with the du Ponts.

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UNR E A L ESTATE

The oceanfront at 1095 North Ocean Boulevard.

Outside La Guerida, where JFK wintered.

Later owners of Villa Tranquilla included John A. “Bud” McDougald, a Canadian businessman and Thoroughbred racehorse owner whose company was later somewhat infamously acquired by Conrad Black, and Cheng Ching Wang, who bought it in 1996. His children, Kenneth and Vera Wang, the latter the noted fashion designer, sold it in 2008 to a limited liability company, which, the Palm Beach Daily News reported, was linked in public records to Leslie Gelber, president of an energy company. Neither Linda Gary, who is selling it now, nor Corcoran’s Geoffrey Thomas, who sold it for the Wangs, would confirm the current owner’s identity. Whoever it is, he or she spent three and a half years renovating the home but never moved in. Compared to Villa Tranquilla, La Guerida has had a tranquil ownership history, but it has still seen its fair share of drama. According to the Palm Beach Historical Society, it was built around 1925 for Rodman Wanamaker Jr., who’d inherited Philadelphia’s famous Wanamaker’s department stores, in an Italian variant of Mizner’s signature style. By the standards of the Palm Beach Landmark Preservation Commission, “it does not, except for its sheer size and site, exemplify the ornate detail or craftsmanship that graces similar estates in Palm Beach.” Indeed the commission describes it as “Mizner’s least ornate estate-sized commission,” but adds that it is nonetheless one of the town’s important homes due to its provenance. Pathologically formal and private—not even his wife called him Rodman, and he despised public attention—Wanamaker was a philanthropist and arts patron, bringing art and music into the stores founded by his father, John, and to the rest of the world, as well, 50 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

These two Palm Beach estates are haunted by the sort of ghosts that are not only easy but fun to live with. commissioning everything from monuments to symphonies. He’d cultivated his taste during a decade in Beaux Arts–era Paris before he took over the retail empire in 1922. But work wasn’t his only passion. Like Felix du Pont, he was an aviation buff, though his dream of sponsoring the first plane to cross the Atlantic was dashed by Charles Lindbergh’s Spirit of St. Louis shortly after Wanamaker took possession of this Palm Beach home. Wanamaker died in 1928, and five years later, in the depths of the Depression, Joseph and Rose Kennedy of Boston and Bronxville bought and renovated the estate for a bargain—about $120,000. Less than three decades later, it became world famous as the winter home of John Fitzgerald Kennedy and his wife, Jacqueline. It remained in Kennedy hands (and became infamous after a 29-year-old woman said she was raped there by a Kennedy cousin) until the current owners, former Donaldson Lufkin & Jenrette CEO and private-equity investor John Castle and his wife, Marianne, bought it in 1995. Like the Landmarks Commission, Castle waxes rhapsodic about its history. “They’d always say ‘Joseph Kennedy from Boston,’ but the operative word was ‘from,’” Castle says. “This was Joe and Rose’s legal residence. Jack wrote Profiles in Courage here, and worked on his inaugural address on the loggia overlooking the ocean.” It was by the pool that the president-elect argued against his father’s order that one of his younger sons, Bobby, be appointed to Jack’s cabinet. “The old man said, ‘Bobby will be attorney general,” Castle reports, citing as his source the Kennedy’s family manager, who later went to work for the Castles. “We still have virtually all the original furniture,” Castle adds. “I have Jack and Jackie’s beds, Jack’s massage table, the dining room table where Joe sat at one end with Jack next to him, even when he was president.” Castle says he’s willing to sell the contents, too, “if somebody shows up and wants it,” then adds, “If JFK’s humidor was worth $500,000, I don’t know what that bed is worth.” Like I said, priceless. ✦

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Island Hopping From Manhattan to Palm Beach . . . these are the movers and shakers on everybody’s A-List NOVEMBER 2014 • AVENUE MAGAZINE | 53

Palm Beach

LIST

The Most Powerful and Influential People in Palm Beach photographed by Patrick McMullan and Billy Farrell Agency

Linda A. Gary Real Estate “We are Palm Beach Real Estate”

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2015 Palm Beach A-LIST Simon Doonan and Jonathan Adler

●

Donna and Bill Acquavella Catherine and Fred Adler ● Jonathan Adler and Simon Doonan ● Suzanne and Michael Ainslie ● Charlotte and Leon Amar ● Bettina Anderson ● Inger Anderson and H. Loy Anderson Jr. ● Kent Anderson ● Ann-Britt and Christian Angle ● Iris and Carl Apfel ● Marcia and Eugene Applebaum ● Jessie and Rand Araskog ● Eileen and Bill Araskog ● Lian Fanjul Azqueta and Norberto Azqueta Sr. ● Robin and Norberto Azqueta Jr. ● Lyanne Azqueta

●

Iris Apfel ● Mark Badgley and James Mischka ● Mary and Kane Baker ● Lavinia Baker ● Tori Baker and Nick Papanicolaou ● Sloan and Roger Barnett ● Robert J. Barrett III ● Lori and Michael Bernstein ● William Bernhard and Catherine Cahill ● Tony and Vanessa Beyer ● Georgina Bloomberg and Ramiro Quintana ● Diana Taylor and Michael Bloomberg

Amanda Strong Boalt Arianna and Dixon Boardman ● Cynthia Boardman ● Stephanie Seymour and Peter Brant ● Harry Brant ● Peter Brant Jr. ● Kimmie and Steve Brauer ● Frances and Roger Briggs ● Ambassador Nancy Goodman Brinker ● Eileen and Brian Burns ● Whitney and Eric Bylin ● ●

Amy Fine Collins and Bradley Collins

Boykin Curry and Celerie Kemble 56 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

Peter Brant Jr. and Harry Brant

● Denise LeFrak and John Calicchio ● Lee Calicchio ● Liza Pulitzer and Robert Calhoun ● Maria Vazquez and Adolfo Cambioso ● Whitney and Jonathan Cameron-Hayes ● Iris Cantor ● Dr. Alexander Carden ● Stephanie Carden ● Marianne and John Castle ● Melanie Charlton ● Rhoda and David Chase ● Luce Churchill ● Kristy and Jim Clark ● Tiffany and George Cloutier

Mayor Michael Bloomberg and Diana Taylor

Lisa and James Cohen Annabelle and Denis Coleman ● Kim and Payson Coleman ● Stephanie and Chase Coleman ● Timothy Coleman ● Cristina Condon ● Amy Fine Collins and Brad Collins ● Mayor Gail Coniglio and Frank Coniglio ● Carissa Fanjul Coniglio and Nick Coniglio ● Patricia Cook ● Paula and Mark Cook ● Howard Cox ● Celerie and Boykin Curry ● Merrill and Ashton Curtis ● ●

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CRISTINA CONDON 561 301 2211

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2015 Palm Beach A-LIST

Vic Damone Alexandra Villard and Arnaud de Borchgrave ● Countess Christina de Caraman ● Eleanor and Morgan Dejoux ● Joanne and Roberto de Guardiola ● Margo and Ashton de Peyster ● Jacqueline Desmarais ● Arthur de Soultrait ● Bertrand de Soultrait ● ●

Arnaud and Alexandra Villard de Borchgrave

● Beth Rudin DeWoody and Firooz Zahedi ● Dr. Hermé de Wyman Miro ● Christina Floyd Di Donna and Emmanuel Di Donna ● Peggy and Rodney Dillard ● Lore and John Dodge ● Linda and Barry Donahue ● Shannon Donnelly ● Ann Downey ● Renate and Alex Dreyfoos ● Kimberly DuRoss

Emmanuel Di Donna and Christina Floyd

Beth Rudin DeWoody and Firooz Zahedi

Annie and Michael Falk Cathie and Andres Fanjul ● Emilia and J. Pepe Fanjul ● Nico Fanjul ● Nikki and Alex Fanjul ● Lourdes Fanjul and J. Pepe Fanjul Jr. ● Raysa and Alfy Fanjul ● Reddy Fanjul ● Tina Fanjul ● Somers and Jonathan Farkas ● Lillian and Luis Fernandez ● Nacho and Delfina Figueras ● Carole Rohrig and Bill Finneran ● Moira and Jon Fiore ● Anne and Jerome Fisher ● Frances and Jeffrey Fisher ● Marjorie Fisher ● Kirsten and Averell Fisk ● Raymond Floyd ● Lydie and Bobby Forbes ● Kathleen DuRoss Ford ● Sabrina Forsythe ● ●

● Diana Ecclestone and Llwyd Ecclestone III ● Susie and Robert Eigelberger ● William R. Eubanks

Delfina Blaquier and Nacho Figueras

Gay and Stanley Gaines Christie and Tim Gannon ● Jennifer Garrigues ● Linda Gary ● Mark Gilbertson ● Eles Gillet ● Jill and David Gilmour ● Arlette Gordon ● Cheryl Gowdy ● Jane and Robert Grace ● Patti and Clark Graebner ● Lorna and Larry Graev ● Ellen and Ian Graham ● Mary Kirk and Alex Hufty Griswold ● Audrey and Martin Gruss ● Kate and Jimmy Gubelmann ● Marjorie Gubelmann ● Shelly and Billy Gubelmann ● Susan Gubelmann ● Cornelia Guest ● Helen Guest and Winston Guest Jr. ● ●

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Lorna Graev

Marjorie Gubelmann and Susan Gubelmann

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2015 Palm Beach A-LIST Anne and Matt Hamilton George Hamilton ● Allie and Lee Hanley ● Danny and Denise Hanley ● Mai Hallingby Harrison ● Frances Hayward ● James Held and Kenn Karakul ● Mary Hilliard ● Neil Hirsch ● Jane Holzer ● Kelly Matthews Hopkins and Rick Hopkins ● Jane and Michael Horvitz ● Page Lee Hufty ● Brooke Wendel Huttig ● Consuelo Hutton ● ●

George Hamilton

●

Chan and Tony Ittleson

Jane Holzer

Mai Hallingby Harrison

Donald and Lisa Jackson Eric Javits ● Pat Johnson ● Sheila Johnson ● Darlene and Jerry Jordan ● ●

Sheila Johnson

● Edwina Sandys and Richard Kaplan ● Susan and Jim Keenan ● Phoebe Kemble ● Randy Kemper and Tony Ingrao ● Michele and Howard Kessler ● Patrick Killian ● Kelly Klein ● Judy and Jarrett Kling ● Bridget and Bill Koch

Jo Carole and Ronald Lauder

David Lambert Leigh and Christopher Larmoyeux ● Jo Carole and Ronald Lauder ● Karen Lauder ● Leonard Lauder ● William Lauder ● Lilly and Rodman Leas ● Robert Leidy Jr. ● Petra and Stephen Levin ● Millie Dayton and Eric Levine ● Cameron Lickle ● Michelle Henry and Gary Lickle ● Renee and Bill Lickle ● Sasha Lickle ● Amalia Dayan and Adam Lindemann ● Dr. Frayda and George Lindemann ● John Loring ● Karin and Joe Luter ● ●

Julia and David Koch

●

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Jessica and Dana Koch Julia and David Koch ● Paulette and Dr. Ronald Koch ● Wyatt Koch ● Carole and Joel Koeppel ● Dorothy and Sidney Kohl ● Terry Allen Kramer and Nick Simunek ● Marie-Josée and Henry Kravis ● Kristen and Charles Krusen ● Ivanka Trump and Jared Kushner ●

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2015 Palm Beach A-LIST Virginia and Frederick Melhado Nicole and Matthew Mellon ● Ross Meltzer ● Dede and Laddie Merck ● Dina Merrill and Ted Hartley ● Denise and Bill Meyer ● Katherine Bryan and Damon Mezzacappa ● Anita and Sam Michaels ● Michele and Craig Millard ● Muffy and Don Miller ● Sydell Miller ● Lawrence Moens ● Lili and Ambrose Monell ● Danielle and Kelly Moore ● Peggy Moore and Dudley Moore Jr. ● Renee and Carlos Morrison ● Thomas Morrison

Christina and Benjamin Macfarland III ● Carol Mack and Ambassador Earl Mack ● Lily and Locke Maddock ● Lynn and Jay Maddock ● Nina and Mark Magowan ● Hillie Mahoney ● Susan and Tim Malloy ● Anna and William Mann ● Nicola and Jeff Marcus ● HRH Princess Maria Pia of Savoy ● Susan Markin ● Catie and Donald Marron ● Cheryl and Homer Marshman

●

Nicole Hanley and Matthew Mellon

●

John Mashek

Talbott Maxey Jim McCann ● Michael R. McCarty ● Pat McCloskey ● Minnie and Kevin McCluskey ● Bill and Kitty McKnight ● Mimi and Leroy McMakin ● Kristina Anderson McPherson and Brian McPherson ● Amanda Meigher ● Elizabeth Meigher ● Grace and Christopher Meigher ● Peggy and Alberto Mejia

Siri and Tony Mortimer Nina and William Morton Jr. ● Mila and Prime Minister Brian Mulroney ● Nicolas Mulroney ● Laura and Lee Munder ● Christina Murphy ● Heather Murray ● Kelly Murray ● Muffie Bancroft and Stephen Murray ● Nancy and John Murray ● Lucy Musso

●

David Ober Polly Ober ● Kathy and David Obolensky ● Linda R. Olsson ● Polly Onet ● Binky and Chris Orthwein ● Ambassador Mary and Mandell Ourisman ● ●

Talbott Maxey

Lindsey and Blakely Page Anka Palitz ● Joel Pashcow ● Susan and James Patterson ● Joanne and Harold Paull ● Tatiana and Thorne Perkin ● Frances and Todd Peter ● Emilia Fanjul Pfeifler and Brian Pfeifler ● Mason Phelps ● Ande and Dinny Phipps ● Ashley and Ogden Phipps II ● Samantha Phipps ● Robin and John Pickett ● K.C and John Pickett, Jr. ● Pauline Pitt and Jerry Seay ● Tatiana and Campion Platt ● Jane and Joe Pontarelli ● Dan Ponton ● Lois Pope ● Jim Power ● Peter and Amy Pulitzer ● Marina Shields Purcell and Tom Purcell

●

● ●

Thomas Quick Tricia Quick ● Sarah Graff and Piper Quinn ● ●

Campion and Tatiana Platt

62 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

Ogden and Ashley Phipps

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2015 Palm Beach A-LIST Cater Randolph Katharine and William Rayner ● Paige Rense ● Starrett and Petter Ringbom ● Sally and Dick Robinson ● Nic Roldan ● Nancy and Bill Rollnick ● Patricia Rooney and Patrick Rooney Jr. ● June and Timothy Rooney ● Alexandra Lind Rose and Louis Rose ● Dr. Samantha Boardman and Aby Rosen ● Hilary and Wilbur Ross ● Kara and Steve Ross ● Susan and Burke Ross ● Janne and Stan Rumbough ● Crista and Tad Ryan ● ●

Petter and Starrett Ringbom

Alexandra Lind and Louis Rose

Rose Sachs Nancy and Joe Sambuco ● Serena and Jorge Sanchez ● Missy and Todd Savage ● Arnold Scaasi and Parker Ladd ● Frances Scaife ● Jennie Scaife ● Maggie and Allan Scherer ● Liz and John Schuler ● Amanda and Chuck Schumacher ● Christine and Steve Schwarzman ● Teddy Schwarzman ● Cornelia Shields ● Didi Shields ● Olympia Shields ● Jeffrey W. Smith

Austin Stark

The Hon. Lesly S. Smith Tania and Earl Smith ● Tracy and Matthew Smith ● Scott Snyder ● Andrea and John Stark ● Ashley Stark ● Austin Stark ● Renee and Richard Steinberg ● Percy Steinhart ● Sonja and Mark Stevens ● Lori Stoll ● Steven Stolman ● Dana and Dr. Patrick Stübgen ● Ann and Peter Summers ● Pam and Willie Surtees ● Liz and Edward Swenson

●

Serena Boardman

Jean Tailer Annette Tapert ● Felicia Taylor ● Jack Taylor ● Missie and Zach Taylor ● Susan and Dominick Telesco ● Gail and Harry Theodoracopulos ● Serena Boardman and John Theodoracopulos ● Margaret and John Thornton ● Betsy and Rod Titcomb ● Jane and William Told Jr. ● Regine Traulsen and William Diamond ● Eric Trump and Lara Yunaska ● Melania and Donald Trump ● Vanessa Trump and Donald Trump Jr. ● Betsy and Wally Turner ● ●

Annette Tapert

Andrea and John Stark

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2015 Palm Beach A-LIST Felicia Taylor Christine and Stephen Schwarzman

Mieke van Waveren Christopher Vecellio ● Michael Vecellio ● Kathryn Vecellio and Leo Vecellio Jr. ● Wendy and Michael Victor ● Diana and Bob Vila ● ●

Eleanor Ylvisaker

● ●

Jane Lauder and Kevin Warsh Arthur L. Williams Jr. ● Eli Wilner ● Maureen and Orator Woodward ● Suzie and Bob Wright ● Stephanie Wrightsman ● Shirley Wyner

Eleanor and Jon Ylvisaker Jane Ylvisaker

● ●

● Aerin Lauder and Eric Zinterhofer ● Paula Zukov ✦

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Eric Zinterhofer and Aerin Lauder

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BILL AND BRIDGET KOCH:

Charting Their Own Course by Andrea

Doyle

photographed by NAVID represented by Belle & Company

With a huge art and wine collection, a large company to run, not to mention six children between them, it might seem like Bridget and Bill Koch had enough on their plate. Then they started a school. 68 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

styled by Claudia Talamas hair by Melissa Peverini makeup by Reigan Zapatier JANUARY 2015 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 69

Passion provides the compelling force: the rudder steering William “Bill” Koch’s life. The legendary art collection in the Palm Beach home he shares with his wife, Bridget, rivals treasures found in many of the world’s finest museums. “I buy things I love, things that make me feel good,” he declares, a Midland accent still discernible. “I like to come home and look at a fabulous painting. It helps me forget about the day’s frustrations, the frustration of my teenagers.” Bill and Bridget, a granddaughter of Pittsburgh Steelers’ founder Art Rooney, parent six children: Wyatt, 28, Charlotte, 18, Liam, 17, William, 16, Robin, 15, and 8-yearold Kaitlin, known as “K.K.” Love for these children prompted his latest endeavor— Oxbridge Academy. “I want my kids to get the best education possible, and at my age I didn’t want to send them to prep schools as my father did. I’m selfish. I want to be around them,” divulges the 74-year-old multi billionaire. Bill reflects on the tainted reputation of Florida’s schools, citing an emphasis on test taking and ruing the presence of gangs and drugs. These conditions in mind, Bill founded Oxbridge Academy, a private college preparatory high school, in 2011. The 56-acre West Palm Beach campus finds teachers replacing boring lectures and standardized tests with pedagogy that finds students rolling up their sleeves, diving in, and learning by doing. To inspire in each student a love of learning reflects Oxbridge’s mission. Oxbridge opened on the site of a former Jewish community center replete with an Olympic-sized swimming pool, two cafeterias, a large gym, indoor squash courts, tennis courts, and two sets of classrooms. These amenities freed Bill to spend more on teachers and coaches.

Previous spread: Bridget wears a blue bodycon dress by Victoria Beckham, $1,595. Available at Neiman Marcus Palm Beach and victoriabeckham.com; radiant sapphire earrings with white round and pear-shape diamonds from the Bombé Collection, the 232-diamond-adorned face with black satin band Butterﬂy Watch, a white round 23.5-carat diamond ring from the Bombé Collection, and a 55-carat total white emerald-cut diamond and sapphire bracelet. Price available upon request at graffdiamonds.com. Bill wears his own clothing.

“It was a few teachers who took an interest in me who changed me. Thanks to them I am doing very well. That’s why I cry—because I’m able to provide an opportunity for these kids. They will probably be my greatest legacy,” murmurs Bill, barely audible between sobs.

iversity and Collaboration

Opposite page: Bridget wears a sleeveless asymmetrical pleated dress by Christian Dior, $2,700. Available at Saks Fifth Avenue Palm Beach and dior.com; jewelry by Seaman Schepps, available upon request at seamanschepps.com. Bill wears his own clothing.

Tuition, which includes a MacBook Pro, transportation, books, and meals, stands at $25,000. In the recently admitted class, 40 percent of students received need-based assistance. The average stipend awarded: $8,106. Persons of color comprise 29 percent of the diverse student body. A college campus designed for high school students, Oxbridge and its air are permeated with enthusiasm. All students seem genuinely happy to be here. The national average of high school students who participate in after-school sports is 50 percent, reveals athletic director Craig Sponsky; at Oxbridge it’s 85 percent. Students are also encouraged to start new clubs. Senior Tremane “Tre” Gabriel took this concept a step further. Although impressed by the academic opportunities at Oxbridge, he felt disappointed with the lack of a football team. Deciding to do something, he brought a petition signed by 25 students, committed to playing football, to Oxbridge president and CEO Robert Parsons, thus initiating a team. Oxbridge hired coach Doug Socha, bought jerseys and equipment, and added a 1,500-seat stadium complete with the same synthetic turf as that used by the Buffalo Bills. “We don’t have bullying. We don’t have cliques. What we do have is a collaborative environment where kids interact with others who are different from them,” gushes English teacher Amy Jurskis, who also chairs the curriculum committee.

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His afﬁnity for the American western frontier is evident in his Western collection, which consists of two million items, the most extensive in the world, according to art industry experts. Above: Bridget wears her own clothing; jewelry by Seaman Schepps, price upon request at seamanschepps.com.

All Oxbridge students eat breakfast and lunch together. Chef Dan Gasperi of Il Bellagio, a popular West Palm Beach Italian restaurant, heads a staff of 11. Meals are prepared with learning in mind. Offerings are carefully selected to help students focus, stay on task, and remain energized throughout the day. “I think Oxbridge Academy is quite an extraordinary place,” praises Robert Kaufmann, an educator with almost 50

years of experience, including 14 years as headmaster of the Deerfield Academy in Massachusetts and 14 years as director of admissions and associate dean of finance and administration at Harvard University. “It has gone from zero to 60 in four years. I am convinced Oxbridge represents a lifechanging experience for many of these kids.” Bill adds, “We are less than four years old and considered one of the best schools in Florida. I’ve put $60 million into the school

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and eventually would like to get it on a self-sustaining financial basis, but I can’t think of a more worthwhile investment.” Christina Wing O’Donnell, president of Renegade Investments and an Oxbridge board member, concurs: “Ultimately, we would like the community to own the school. The bricks and mortar is not a shrine to Bill. This was not a narcissistic creation. What the kids who attend Oxbridge accomplish in the world will be his legacy.”

eachers and Coaches Making a Difference Tears flow as Bill relates the story of Oxbridge sophomore Robert Holmes. Growing up in a one-parent home in the inner city, Holmes’s future was bleak. That was until his middle school principal took him on a tour of Oxbridge and a generous financial aid package enabled him to enroll. On entry his extremely weak reading and writing skills transferred to Robert’s becoming a straight A student thanks to the intervention of a learning specialist. Joining the football team and weighing 390 pounds

caused him diﬃculty in running. Today, the 6´5½˝ teen is 50 pounds lighter and one of the best defensive linemen in the state. “At Oxbridge, you are loved,” bellows Holmes as he clutches an Alabama Crimson Tide water bottle, the university he hopes to attend. “The reason I get so emotional about Robert is that my story is similar. It was a few teachers who took an interest in me who changed me. Thanks to them I am doing very well. That’s why I cry—because I’m able to

provide an opportunity for these kids. They will probably be my greatest legacy,” murmurs Bill, barely audible between sobs. Doing very well indeed. According to Forbes, his real-time net worth is $3.1 billion. Bill is the president and CEO of Oxbow, a company he started in 1984 that is focused on building alternative energy plants. Today, with a main focus on carbon, the company employs 1,200 workers and boasts $4 billion in sales.

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ridget Behind Oxbridge Although Bridget is now the school’s biggest proponent, this wasn’t always the case. At the onset, the 52-year-old beauty questioned her husband’s plan to start a school. “I was against it because I know how thin he is spread. Bill has a tendency to have many projects going at the same time. You can see this in his art collection. He has Impressionists, Modern, Western, and Maritime. He has so many different tastes and so many various hobbies in his life,” she acknowledges. “But I am one to admit when I am wrong and I was wrong. He has made me so proud. I am now behind him and Oxbridge 110 percent.” With irreplaceable artwork gracing the walls and ceilings, and millions of dollars’ worth of wine aging in the cellar, Bill and Bridget open their oceanfront mansion for various fundraising parties for charities, Oxbridge included. Local grammar schools are invited to tour the art collection each year. The couple will be celebrating their tenth wedding anniversary in February. When Bridget is asked if anything special is planned, she retorts, “Every day is special with Bill.” Not only will Bill be remembered for creating Oxbridge, but for winning the 1992 America’s Cup, yachting’s oldest and most coveted trophy as well. Despite intense international competition as well as criticism, Bill, who has a PhD in chemical engineering from the Massachusetts Institute of Technology, focused on science in his quest for the cup. “That’s why me, an MIT nerd and a hick from Kansas, won the America’s Cup,” he discloses. Clad in a western shirt with red snaps, Bill continues, “I set up a research program at MIT focused on what makes a boat go fast. I also talked to as many yacht designers as I could and learned that you have to understand the science of how water flows over a keel first and then learn how to reduce the boat’s resistance to the flow of water.” As a result, Bill’s America team overcame 100 to 1 odds to defeat the Italian team by 44 seconds.

Opposite page: Bridget wears a ﬂoor-length turquoise jersey evening gown by Roberto Cavalli, $1,530. Available at Neiman Marcus Palm Beach and robertocavalli.com; jewelry by Graff, price available upon request at graffdiamonds.com.

There were two decades of lawsuits ﬁled to undermine Charles and David’s control of Koch Industries. The three reconciled in 2001, and today, Bill calls David one of his best friends. gly Duckling Bill’s path to MIT was a rocky one. Born in 1940, in Wichita, Kansas, twins Bill and David have two older brothers: Charles, who is five years older, and Frederick, who is seven years older. “When I was in middle school, I psychologically dropped out,” Bill confesses. He and David fought constantly, the battles often ending in fisticuffs. “It didn’t help that David was handsome and athletic, and I was gawky and skinny—an ugly duckling,” he recalls. David landed at Deerfield Academy, in Massachusetts; Bill, Culver Military Academy in Northern Indiana. “I hated it. There was nothing for me to do but study, but I credit it with helping me get in MIT,” he says. Since his grades were far from stellar, his acceptance was based on one caveat—that he attend the Culver Summer Naval School. With a fleet of nearly 100 sailboats, including the 65-foot, 25-ton R.H. Ledbetter, Bill’s love of sailing flourished. Fittingly called “Things I Love—The Many Collections of William I. Koch,” the Museum of Fine Arts, Boston, featured an exhibition of Bill’s many collections. One of the most attention-grabbing elements was Bill’s sailing yachts: America3, which he and his crew sailed to victory in the America’s Cup, and Il Moro, the boat they beat and which Bill then purchased, their masts rising 125 feet in the air. Both ships were displayed on the museum’s lawn. The Boston Globe’s headline screamed “Furor Ahoy,” as many didn’t feel these vessels belonged at a museum of fine arts. 74 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

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This page: Bill in front of a model ship (inset). Bill holding one of the counterfeit bottles of wine sold as a part of Thomas Jefferson’s collection.

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His Palm Beach mansion contains a capacious, state-ofthe-art wine cellar with approximately 12,000 bottles. This was far from his only collection that has caused furor. His Palm Beach mansion contains a capacious, state-of-the-art wine cellar with approximately 12,000 bottles. A rare wine collector, he paid more than $100,000 per bottle for four bottles he was led to believe came from the collection of Thomas Jefferson. With plans to include these bottles in the Boston exhibition, Bill asked Brad Goldstein, director of corporate affairs at Oxbow, to get the provenance for the bottles. The Thomas Jefferson Foundation at Monticello should have that information, Goldstein surmised. However, not only did they not have the provenance, they didn’t believe the bottles had ever belonged to Jefferson. Thus began Bill’s fight against counterfeiters. He has filed seven lawsuits against auction houses, retailers, collectors, and vendors of counterfeit wine. “I spent about $30 million on this. I had 15 investigators working for me, guys from Interpol, Scotland Yard, the CIA,” laments Bill. Sitting in the living room of a Pierre Hotel suite, Bill’s friend Patrick Robinson, coauthor of the New York Times bestseller Lone Survivor, joined the interview while in the midst of writing a book about the crusade. “Talk about a manhunt. The moment after it was realized the Thomas Jefferson bottle was a fake, Bill said, ‘I will not have this. I’m going to find them and put them in jail.’ The last guy just got ten years. They must have felt like Butch Cassidy and the Sundance Kid being relentlessly pursued,” expounds Robinson. The counterfeit wine suits aren’t Bill’s only brush with litigation. There were two decades of lawsuits filed to undermine Charles and David’s control of Koch Industries. The three reconciled in 2001, and today Bill calls David one of his best friends. With an eye to the future, Bill works on creating a family limited partnership for his children. “I don’t want my kids to go through what David, Charles, Fred, and I went through. Twenty years of fighting ain’t fun. All we did was make a lot of lawyers rich,” he asserts. “One card of the deck is setting up a trust where for the money my kids earn, they get to take five times of that out of the trust. It will instill in them what Dad instilled in me in a different way.”

Above: Bill stands in the room dedicated to the America’s Cup winners. He has model sailboats of every winning boat since the race’s inception.

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“I want my kids to get the best education possible, and at my age I didn’t want to send them to prep schools as my father did. I’m selﬁsh. I want to be around them.”

oiling on the Family Ranch Father Fred instilled in his four sons a formidable work ethic. Summers were spent toiling on the family ranch. “Father had us work at the most menial manual jobs ten hours a day, seven days a week, earning 50 cents an hour,” Bill reveals. “I spent one summer fixing fences in a 100-square-mile pasture. I dug fence post holes, stretched the fence, got cut up with barbed wire, and stayed in a log cabin with two other men with no toilet, no running water. I took one bath that summer, having to get the water from an ice-cold stream. I loved it.” A self-made man, Fred’s hard work produced a more eﬃcient way to refine heavy oil into gasoline. Fred had a deep love for the West and owned extensive ranchland. “My father’s ranch in Kansas had these rolling hills with no trees on them, bluestem grass that grew five feet high— brown top, green stem, blue at the bottom. I’d sit up on a hill and imagine I was a pirate or Captain Lawrence [an ancestor of his mother]. I would watch puffs of wind come over the tall grass—it was just mesmerizing, just beautiful,” reminisces Bill. His aﬃnity for the American western frontier is evident in his Western collection, which consists of two million items, the most extensive in the world, according to art industry experts. It includes the world’s only photo of Billy the Kid, paintings by Frederic Remington, a rifle belonging to George A. Custer, Jesse James’ revolver and a collection of brothel ephemera. An authentic reproduction of a full-scale 19th-century Old West town he has built on his 4,500-acre ranch in Colorado is a work in process. Some of the 77 structures are from Buckskin Joe, a former Western-style theme park that Bill bought and transported to the ranch, and others he had built. There are five saloons, two brothels, a jail, church, bank, theater, and library. “My idea is to keep a code of the West that I really like alive. It is stand your ground and help your neighbor,” he enthuses. Graduates of Oxbridge will witness that commitment. His passions—the innovative school, legendary art and wine collections, winning strategies for the America’s Cup, his Old West town—define William Koch’s generous contributions to posterity. ✦

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Above: Bridget wears a white silk sleeveless jumper by Brunello Cucinelli, $2,110. Available at Saks Fifth Avenue Palm Beach and brunellocucinelli.com; fringe metal necklace by Brunello Cucinelli, $1,745. Available at Neiman Marcus Palm Beach and brunellocucinelli. com; jewelry by Seaman Schepps, price upon request at seamanschepps.com.

Sydney Brams works to solve a complex math problem.

Swimmer, Noah Newﬁeld competes in an Oxbridge home meet. Oxbridge Jazz Ensemble performs during a school-wide Celebration of the Arts event.

Dance director, Carlos de Barros instructs student Brittany Weger.

An Oxbridge chemistry class pauses for a photo with founder Bill Koch. In 2013, Oxbridge opened a 1,500-seat stadium with synthetic playing surface.

Chemistry student, Melanie Peralta learns by doing in a state-ofthe-art laboratory.

Oxbridge dancers Jenna Freiermuth and Rachel Fulton (background) practice for an upcoming recital.

Anatomy and physiology student Angela Apicerno displays a student-made model of a neural cell.

Students apply electrical engineering principles by building and wiring remote control boats in an Engineering Innovation course.

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Dance of the

COCONUTS More than ninety years on, Palm Beach’s Coconuts remains the Island’s island’s most coveted New Year’s invitation. Everybody wants to go, but absolutely nobody wants to be caught talking about it. by Christopher

“W

Lawrence

ell, I’m just very sorry,” the man tells me gently. It’s our second of two telephone conversations. He’s my contact within The Organization, a member in excellent standing. He has been very polite and conscientious in returning to me with answers—of a kind—within twenty-four hours. My inside man had been willing to explore the idea of speaking publicly for my tribute to The Organization’s annual festivities. But he cannot. While he has in the past worked helpfully and fruitfully with this magazine, he finds himself quite unable to do so now. “I certainly wish you well, and I wish I could help,” he says. They have gotten to him. Leadership has. “It’s really, it’s just . . .” he says. Then, gently, and a little wearily, “Well . . . it’s just a private party.” Well, yes and no. Quite a private party, indeed. But not exactly “just” anything. “The Organization” is not exactly the menacing conspiracy of my fevered daydreams. The Coconuts, a rolling fraternity of twenty-five distinguished Palm Beach gentlemen, has been financing and hosting Palm Beach’s most discussed, most mythologized, most simultaneously exclusive and inclusive New Year’s Eve party since the days of bathtub gin. The annual black-tie ball that bears their collective name (and please call the party itself just “The Coconuts” so as to sound like an insider) is a gathering steeped in tradition, and yet one that cannily draws in the city’s next social generation. As with the very best blue-chip trust funds, the origins have become a bit opaque as the past has receded. No one seems willing—or able—to say precisely how, or even when, the Coconuts began. (My own carbon dating places the origins at

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Mr. and Mrs. Bedford Davie at Ta-boo JANUARY 2015 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 81

demonstrably north of 91 years ago; it is only reasonable to believe that some version of the gathering began to coalesce in the immediate aftermath of the World War I.) The only thing that is entirely for sure is that the world has been spinning pretty wildly in the last nine decades. And in ways that sometimes rattle even the American Riviera. But neither the march of time nor the shocks of human history matter much come New Year’s Eve in Palm Beach. The Coconuts are still at it, and their ritual gathering is still very much the place to be. Another friend is a genteel lawyer who’s been on the scene in Palm Beach for four decades and a resident for two. He’s been respected, trusted, even loved—and all this as an ardent Democrat. But his real arrival in town came a mere ten years ago in the form of an invitation to the party. “You could write some terrifically scandalous pieces about a number of institutions around here,” he chuckles. “And believe me, I’d love to help you write those stories. But this is really a pretty great tradition. It really is.” The ball has for many years been held at the Flagler Museum, and the

Above: The actress Mimi Vignos celebrates the new year with Long Island real estate heir, Walter T. Shirley, Jr. Middle: New York Yankees heir Dan Topping, Jr. with Kristen Oleson, ca. 1965 Below: ROARING COCONUTS: The Miami Daily News, already gushing over The Coconuts in 1926. During its early years, the ball was held in March. Opposite page: THE SMART SET: Mr. and Mrs. Bedford Davis mingle with ﬂair outside of Ta-boo, late-1960s.

“You could write some terriﬁcally scandalous pieces about a number of institutions around here, but this is really a pretty great tradition. It really is.” location is key. In Palm Beach, where the “Big Five” private clubs (the Bath and Tennis, the Beach Club, the Everglades, the Palm Beach Country Club, and the Sailfish Club) have overlapping memberships but are also, ahem, somewhat Balkanized, the Coconuts’ guest list draws to varying degrees from across the spectrum. Perhaps not quite a gathering that “looks like America,” but striking and alluring in a town where the allegiances can of course be as confining and oppressive as they are comforting. The Flagler, glorious as a place and significant as the homestead of Palm Beach society’s founding father, provides a fitting neutral backdrop for a gathering of the tribes. “There are the five major clubs,” says my friend the attorney. “And if you’re in one or more of those and you don’t somehow disgrace yourself, then you’ll make your way pretty well in this town. But the Coconuts is a level above all that.” He sketches a lovely image: drinks and a civilized New Year’s dinner among friends at someone’s home,

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“It’s fascinating that [the party] retains a social centrality, where that is breaking down so quickly elsewhere. But what’s most striking about this party is that it is men who set the terms. And that an event controlled by them continues to constitute some social center of gravity.”

STAGE PRESENCE: Mary Duncan Sanford, the former Broadway star and a Palm Beach mainstay for decades, plays to the house at a late-1960s edition of The Coconuts. Her husband, Stephen Sanford (seated with Mrs. Joseph Tankoos, Jr.) watches from his front row seat.

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Right: Durie Desloge, Palm Beach’s most talked-about debutante of 1960, out for The Coconuts with Sheridan Crumlish, ca. 1964.Below: BESSEMER BLUE BLOODS: Michael and Molly Phipps, out from Casa Bendita for New Year’s Eve. Oposite page: NINE DECADES AND COUNTING: The Coconuts of 2013, assembled at the Flagler and resplendent in their “new” black dinner jackets.

A party that it is much seen—and almost never heard. or perhaps, for example, in the magnificent upstairs dining room at the Bath and Tennis. And then, at ten o’clock those certain anointed couples (ten are invited per Coconuts member) depart quietly from around town and begin to converge on the Flagler. There, the big-band music and the party’s décor—typically some variation of “jungle festive”—help create a swirl that’s just simply different from anything else on offer, even in this social capital. The invisible common denominator among guests is just an ineffable rightness, a belonging to some extended, long-standing Palm Beach “family.” Generations of Boardmans and Lauders, Gubelmanns and Phippses, Fanjuls and LeFraks, along with their not-nearly-so-famous-nor-latelyso-flush friends, all circulate through the museum’s pavilion and eventually glide on out to a midnight fireworks display over Lake Worth. “You’re constantly moving among people, all of them actually enjoying themselves,” my friend marveled. With no formal dinner and no fixed structure at the Coconuts, “you’re never stuck between a dowager empress and her cousin. It’s the least stodgy Palm Beach party I can think of.” But for all the beauty and bonhomie, it is the evening’s first moments that harken directly to the past. Whatever the uncertainty about an exact founding date for the club, the sole mission has remained clear: the Coconuts group was convened by a group of popular bachelors as a way to repay annually the invitations and kindnesses of Palm Beach’s society matrons. By 1926, the Miami Daily Herald’s coverage of what was then a costumed gathering held in March noted Caleb Bragg, the Yale-educated automobile and airplane daredevil, entrepreneur, and lifelong bachelor, as being among the ball’s leading founders—at some unspecified time before 1923, when the party was already being treated as the pinnacle of the social season. The current membership, which includes chief Coconut Alex Fanjul, David Koch (rumored to donate the fireworks display personally), Leonard Lauder, and financier Wilbur Ross, as well as Palm Beach society fixtures from across the age spectrum, is comprised of men both married and single. But it hews exactly to the grand tradition of greeting all guests as they arrive at the door—a broad and very courtly gesture of thanks—not just to hostesses, but to the community of attendees that makes Palm Beach what it is for these men. For the veteran journalist Laurence Leamer, a resident and lover of the island and the author of Madness Under the

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CAPEHART

“You’re never stuck between a dowager empress and her cousin. It’s the least stodgy Palm Beach party I can think of.” Royal Palms, the Coconuts’ adherence to its original spirit presents an intriguing measure of the changes that have surrounded the tradition. “The social center of the town was always governed by women, by a matriarchy,” he told me. “And with women—even wealthy ones—so actively in the workplace, or so active philanthropically, a good deal of that governance has broken down.” Ladies are not lunching in the way they used to. Leamer himself isn’t exactly charmed by the Coconuts, but he does acknowledge its significance—one that is arguably deepening. “Life in Palm Beach, as it is in most places, is less and less about class and more and more about money,” he said. “And so I think it’s fascinating that [the party] retains a social centrality, where that is breaking down so quickly elsewhere. But what’s most striking about this party is that it is men who set the terms. And that an event controlled by them continues to constitute some social center of gravity.”

And so the circle goes. While male guests wear black dinner jackets, the Coconuts themselves for many years wore a uniform of white jacket with red carnation boutonniere. When the hosts went to black jackets last year (allegedly) at the direction of Alex Fanjul, the outcry (quite unattributed, of course) made it all the way north to Page Six. But that tempest in a teacup is one of those little things that can obscure the skill and sensitivity the Coconuts have always shown in keeping the gathering meaningful and alluring to the Younger Set. Tradition itself now holds that as midnight and the fireworks pass, the party opens to a “Second Coconuts.” While the older generations depart for home, their children and grandchildren, as well as other invited younger revelers, are granted access to the Flagler and continue the evening’s festivities through a hearty wee hours supper of bacon and eggs. And so it goes—onward all the way to the dawning of the new year over the Atlantic.

When I spoke to members of the middle and younger sets, I was impressed, almost touched even, that they had fully internalized both the fear of banishment and the time-honored ethic of discretion almost for its own sake. The Coconuts would continue as it had in the past—with the party seen, or perhaps merely glimpsed, in the city’s “Shiny Sheet,” maybe in the New York Post, maybe in these pages. The happy, tanned Coconuts in their dinner jackets—whatever the color. A secret society in which membership is not a secret. And their guests, sailing through the dream of the Flagler. But the party and its voices would continue to be heard almost nowhere—and certainly not publicly. “The Organization” and its gathering were being granted the same respect, and indeed, the same protectiveness, that that they had been shown by the elders. But the messages were always the same: “It’s not like anything else . . . . It’s more like a family reunion . . . .” And finally that ultimate measure, that ultimate accolade: “It’s really the only party that’s fun.” ✦

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Some Like it Haute Holly Miller Weston brings the hot yoga craze to Palm Beach by Haley Friedlich photographed by Cynthia Conley

“

’ve already taken a boot camp this morning and a yoga class!” It’s 11 a.m., and this mother of three small children—all under the age of five— has been on the move for six hours. In fact, by the time Holly Miller Weston’s kids wake up, she has almost always already been to Haute Yoga—either one of her two Palm Beach hot yoga studios—tended to her own peace of mind and need for physical activity, and is ready to get her kids up and off. Holly Weston used to adhere to a different type of hustle and bustle. She grew up in Palm Beach and is intertwined with some of the island’s most visible and social locals, but at age 18 she left the sunny isle for New York University. At NYU, she attended the Tisch School of the Arts and studied theater. She also found yoga during her initial time in New York, and though it was just a hobby then; it was something that resonated with her. After graduation, Weston gave L.A. a try, but eventually resolved herself to be more the East Coast type. Upon her return to Manhattan, she started her own public relations firm, Exposed PR, where she represented brands like Anthony Mack, Alessandro Dell’Acqua and Milly. That went on for eight years until one event changed her whole trajectory: “I went home to Palm Beach for Mother’s Day and I met my future husband, Paolo,” says Weston. “He came up to visit me in New York all of the time and said, ‘I’m going to marry you soon,’ and then proposed about three months after we met. So I closed my PR firm and moved to Palm Beach.” That was six years ago, and Weston has since had three children and completed two yoga teacher certificates in between. After having her third child and completing her second certificate, she immediately began teaching. “Then [in

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“When you get into a new pose people will stop and clap . . .we like to keep it light and fun!” December 2013] a space opened up on the island in Palm Beach, so I jumped on it and signed the lease. That was my first studio,” says Holly. Another space in West Palm Beach’s downtown opened up in April 2014 and Weston took that one on as well, adding a second studio to the mix. Both Haute Yoga locations offer hot yoga classes, but not “Bikram hot.” The studios are a balmy 85 to 92 degrees—”so they’re

basically like being outdoors in Florida on a hot day,” says Weston. She says they attract all sorts of Palm Beachers and visitors—anyone, anywhere, from a teenager to an 80-year-old man. “Yoga does not have to be serious,” says Weston. “Everybody was once a beginner, so you need to come and start somewhere. Every person who walks into my studio is always like, ‘Oh, everyone is so nice and encouraging.’ When you get into a new pose people will stop and clap. It’s not intimidating; we like to keep it light and fun!” Publicist and friend Nicole Munder immediately recognized this: “Haute Yoga has quickly become my deepest and most enjoyable addiction in Palm Beach,” says Munder. “From Holly to her talented team of yogis, stepping into her studio to practice is both a spiritual and physical endeavor. Mind, body, soul and laughter are all touched during the practice. Once through her doors you’re part of a unique community.” Friend Kelly Rooney says that Holly has created a studio unlike any other she had previously tried. “I decided a long ago that yoga was not the thing for me, until I tried Holly’s class, and now I can’t get enough of it,” says Rooney. “Holly’s yoga is inviting, soulful,

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and moving, yet manages to kick your butt at the same time!” As for the great balancing act of being a working mom, Weston says having this outlet and having found her passion actually makes her a better mother. “I get to do what I love every day, but I don’t teach at night; so when I pick my kids up from school, I’m completely present and at home with my kids. It’s the perfect balance,” she says. And the fact that she is a regular yoga practitioner certainly doesn’t hurt her ability to balance: “For me, yoga is my time to myself where I can breathe, be calm, and my mind is still. It’s a moving meditation for me.” And the former PR exec admits that it has changed her overall disposition: “It’s helped in all aspects of my life. It’s not only kept me in shape, but I have learned too. My usual intention for almost all of my practices has been just patience: have patience in life, patience in everything. I don’t react to negative situations anymore.” When she is not sweating it out on the yoga mat, Weston and husband Paolo enjoy the increasingly young and social scene in Palm Beach. “ I was dying to move back to Palm Beach,” says Weston. “All of my best friends

Holly’s Palm Beach Haunts: Restaurants: PALM BEACH GRILL 340 Royal Poinciana Way #336, Palm Beach 561.835.1077 BUCCAN 350 South County Road, Palm Beach 561.833.3450 CHEZ JEAN-PIERRE 132 North County Road, Palm Beach 561.833.1171 IMOTO AT BUCCAN 350 South County Road, Palm Beach 561.833.5522 ECHO 230 Sunrise Avenue, Palm Beach 855.435.0061

Shopping : LULULEMON ATHLETICA The Gardens Mall 3101 PGA Boulevard P229, Palm Beach Gardens 561.691.3782

growing up here are my best friends now, and most of them now live in Manhattan. I’m the only one who got to move back and they’re all so jealous. I mean, it’s amazing here!” She says there are always parties and a steady stream of charity events; it’s a lot like New York, especially during the social season when much of the city’s notable crowd migrates to Palm Beach. The couple loves going out to eat and has found Palm Beach to be a surprisingly young and fresh place to bring up a family. Their family also loves boating on the Intracoastal, spending time at the beach, and with three kids that young—“We go to lots of birthday parties,” Weston laughs. And other than her busy family, work and social schedules, Weston is a self-proclaimed “yoga dork.” She makes a hobby out of bettering her business and her own teaching; she travels anywhere from Jupiter to Ft. Lauderdale, trying out other yoga classes and scoping out independently contracted teachers to recruit for her studio. And the

hard work is paying off both for Weston and the Palm Beach community. Weston’s lifelong friend Emilia Fanjul Pfeifler says the buzz and following that Haute Yoga has generated is noteworthy. “Holly has always been passionate with everything she has done in her life,” says Pfeifler. “I am not surprised with the following she has at her yoga studios. Her energy and enthusiasm are infectious.” Weston’s friend Sara Groff is also a Haute Yoga regular, and she affirms: “Haute Yoga is the physical manifestation of the love, energy, positivity and soul that Holly radiates out into the world. She has created so much more than a place to practice yoga—she offers a sanctuary; a home that nurtures your physical body and your spirit, filling you up from the inside out,” says Groff. “You are drawn to the euphoria that settles over you after a sweaty, physical class and the stillness of being calm and centered. If you haven’t yet experienced this bliss, get out your mat and run to the next class.” ✦

SAKS FIFTH AVENUE 150 WORTH Shopping Center 172 Worth Avenue, Palm Beach 561.833.2551 NEIMAN MARCUS 151 Worth Ave, Palm Beach 561.805.6150 INTERMIX 218 Worth Ave, Palm Beach 561.832.4606 GYPSY 450 South County Road, Palm Beach 561.832.1333

Yoga: HAUTE YOGA PALM BEACH 340 Royal Poinciana Way #332b, Palm Beach 561.514.9098 HAUTE YOGA CLEMATIS STREET 225 Clematis Street, Suite 200, West Palm Beach 561.776.2272

K The

✰ A neverbefore-published interview with the late New Yorker, heir of the Fairbanks acting dynasty, and Hollywood & WWII veteran.

ing by Gregory

Speck

Hollywood’s Little Prince: DOUGLAS FAIRBANKS JR.

s the only child of Douglas Fairbanks, an actor regarded as cinema’s first leading man in adventure films like The Mark of Zorro and Robin Hood, and the stepson of Mary Pickford, it would appear that Douglas Fairbanks Jr., an actor in his own right and decorated naval officer of WWII, was destined to lead a remarkable life. In these excerpts from an interview I did with him before his death in 2000, Fairbanks reveals intimate details about his marriage to Joan Crawford, the tortured relationship he had with his unsupportive father, and then broaches the subject on whether legendary playboy actor Errol Flynn was or wasn’t a Nazi spy.

✰ On his relationship with his father, “The King of Hollywood,” Douglas Fairbanks Sr.

“He [my father] was opposed to my going into the film business . . . My parents had been divorced for quite some time, and my mother’s family, who at one time had had a great deal of money, had seen it all go down the drain over several generations. Their fortune was in cotton and cotton manufacturing, as well as Wall Street. It had taken them 80 or 90 years to build up this fortune, which my grandfather had started, and by 1900 he had cornered the cotton market of the world . . . That’s what they called my grandfather: ‘The Cotton King.’ He came crashing down with a great big bang, then had a slight come-back, but he lost it all again. So from then on my mother sort of lived on the sale of family heirlooms . . . Aunts and uncles and cousins all had to go out and do something to make ends meet. No one was accustomed to working . . . “I have to admit that he [my father] never did take to me as his child. It was only when I grew up and began to stand on my own two feet later on that we got close. At that point we got to be very close, in fact. It was almost as if we were brothers, rather than father and son. Towards the end it was almost as if I were the father, and he my son . . . ” 90 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

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Portrait of Douglas Fairbanks Jr. JANUARY 2015 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 91

✰ On Acting “[My first screen role was] yes, in a picture called Stephen Steps Out, in 1923, and I was fired right after it was finished, at the age of about 14 . . . They fired me] because I was no good, and neither was the movie, although it was better than I was. I was awfully young and untrained . . .”

“I wrote a letter to Jack Warner recommending this young fellow I’d seen named Errol Flynn. Errol went out to Hollywood as a result of that . . . working his way up until he got to do Captain Blood in a style very similar to my father’s.” ✰ On his first marriage to Joan Crawford and Mommie Dearest

With Rita Hayworth in Angels Over Broadway

Douglas Fairbanks Jr. in

“I remember only very nice things about Joan [Crawford]. She was very hardworking, and terribly conscientious, even to the point of people making fun of her, since she was always trying so hard, studying voice and singing even though she did not have a fine singing voice . . . She devoted herself entirely to whatever she was doing, going into all kinds of preparation for whatever part she was trying to learn. I have never seen anyone who worked so hard to do her best. She had no sense of humor about it either. If you told her something was funny she would laugh in a forced way, even though it might have been a terribly amusing joke. I was appearing in a play, and she went to the opening night, after which she wrote me a fan letter, asking me to give her a ring sometime. We had friends in common, so I did, and so we met . . . . So I read [that it was a wonderful romance and a case of love at first sight], but it was so long ago I’m no longer sure. I was only 19, and at that age it’s easy to get carried away. “It [our marriage] ended in around 1933, simply because I, as a young fellow, had one idea about how to live with a wife, and she had a completely different idea. I had an appetite for all kinds of things in life, many of them away from work, such as traveling and living around the world. Movies were simply not the whole world to me. “All she [Joan Crawford] cared about was her own job at MGM. When we went abroad, which was her first time out of the country, she absolutely hated every minute, and couldn’t wait to get back and return to work in front of the cameras in Culver City. It was like going back to the womb, the only place where she felt secure and confident in herself. It was where all of her hopes and ambitions were centered. I was simply not so Douglas Fairbanks Jr. in The Prisoner of Zenda dedicated to making movies and being a star, and that’s what the difference in us was, and why our marriage didn’t last . . . . As for the character that was depicted in Mommie Dearest, I’m not sure that what the daughter had to say was so accurate. But then I didn’t know her well at that point in her life, since we had been divorced for years, and although I would see her in restaurants and say hello we were no longer close.”

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✰ On Greta Garbo, Errol Flynn and the Duke & Duchess of Windsor

“Greta Garbo was simply a dream to work with. She was and still is very easy to get along with. She was terribly nice then and still is today. I saw her the other day. But she will never give an interview, and she shuns all that kind of attention. I think she’s happy with her life as it is. She doesn’t give a damn about what people think of her, whether they love her or think she’s crazy. I think she was wise to stop when she did, right at the top of her career. “. . . I wrote a letter to Jack Warner recommending this young fellow I’d seen named Errol Flynn.

rumor about Flynn being a Nazi spy is nonsense, for he didn’t know enough about what the Nazis were about to have an opinion. “I was never a close friend [of the royal family], and was noticed only because I was an American actor, and for anyone like that to know them is unusual. I never knew the Duke and Duchess of Windsor so well. My father used to play golf with him, way back in the old days before he became King Edward VII, when he was Prince of Wales. I mean I saw them later on when they were the Windsors, and we had dinner together here and there. I read in authoritative books that they were not all that happy, but who’s to know? He was sort of stepped on by her, for she was a very dominating sort of woman. He was utterly besotted with her, and she seemed to take advantage of it. She was the boss in that marriage. I think it was probably very lucky after all, for he might have made a very ineffectual king . . .”

✰ On his unusual family background “Oddly enough, my grandparents were cousins. Back then people did not pay much attention to cousins intermarrying, and no one made a fuss about it, as they might today.”

✰ On Money

A promotional photo from The Exile

Errol went out to Hollywood as a result of that . . . working his way up until he got to do Captain Blood in a style very similar to my father’s. He had been cast in a small part in it, but the leading man fell ill, so they gave him the break he needed, and his career was made. I never ran around with Errol . . . We played tennis now and then . . . He liked to call himself an amiable scoundrel, and it amused him to build his reputation up like that. He enjoyed having a bad reputation . . . I would not like to have been his producer, for he was awfully difficult and irresponsible, laughing at people who were conscientious about their jobs . . . That

“I have unfortunately not been at all shrewd, except in one thing: choosing people to advise me. I don’t have much good sense for making money, other than in picking good people. I think I do have good sense in my professional life, or at least as much as the average guy. There has to be a certain amount of luck in it, too, for I was out of the entertainment business for five years during the war, and if you’re in public life you’re not supposed to be out of it for more than three years. Otherwise, they’ve forgotten you, and the public changes its mind about you, whether it’s politics or movies. “I had a row with Warner Brothers finally, yes. We came to a parting of the ways, which led to my founding my own independent company. It was difficult at first, and in California I was frozen out of the business, since they didn’t approve of actors becoming producers. It was what happened when United Artists was founded, and everyone said that the inmates had taken over the asylum. From then on actors were frowned upon if they did anything other than act, and writers were scorned also if they tried to become directors or producers. “Only the producers at the very top of the hierarchy were supposed to have any say about anything, and sometimes even those who could spell were suspect. Publicity made actors look like they had power, but it was very difficult for them to have any at all. They had nothing to say about anything at all, and for twelve weeks of the year they didn’t even get paid. During that time they couldn’t even work for someone else, either. You were under contract for 52 weeks, but paid for 40.” ✦ JANUARY 2015 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 93

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PA L M B E ACH ROUNDTABL E

A Place in the

Our experts dish on the state of the hot real estate market moderated by Paola

AVENUE: How would you describe the Palm Beach residential market? LINDA GARY: It is extremely hot. Look at the prices we’re dealing with today compared with 2006—2007 pricing is much higher. DANA KOCH: It’s almost mind-boggling what’s going on.

Iuspa

■

portraits by Michael

foundation upon which it’s being built. WALLY TURNER: I attribute this to the high income tax rates in other states, record stock market performance and our fantastic winter weather. I am seeing clients primarily coming from New York, Greenwich, Washington, Boston, and even now from California. AVENUE: Is it still a seller’s market?

LAWRENCE MOENS: It is fair to describe the market as actively robust. LIZA PULITZER: And we’re also seeing spec houses that are off the chart. We are seeing prices in the $50 million to $60 million range, something we’ve never seen before. JOHN O. PICKETT: The market is, in my mind, even stronger than it was, not so much from a price standpoint but from the basic

LINDA: Absolutely. DANA: The sellers definitely have the upper hand right now. LIZA: It’s an end-user market. We’re certainly not in a developer’s market any longer. All those properties that developers bought during the recession are now coming on the market as spec homes.

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Price

AVENUE: Are home sales up compared with last year’s numbers? DANA: Ironically, the volume of sales in the single-family home market is a little down compared to 2013, but prices are up because of a lack of inventory. JOHN: It’s not only a question of inventory. It’s a question of new product, which is what customers want right now. So, builders aren’t even getting a roof on the spec homes before they’re getting offers. LINDA: There are 16 waterfront homes presently listed for sale starting from $7.57 million up to $59 million. WALLY: Over the summer, I listed and sold a residence that had been built six years ago. The house on Clarke Avenue sold for more

Participants DANA KOCH, Sales Associate with

LINDA GARY, Owner/ broker of Linda A. Gary Real Estate

the Corcoran Group Palm Beach

JOHN O. PICKETT III, President/Broker of Barrett Welles Property Group

LIZA PULITZER, Realtor Associate with Brown Harris Stevens

LAWRENCE MOENS, President/CEO of

WALLY TURNER, Senior Global Advisor

Lawrence A. Moens Associates (Not shown)

with Sotheby’s International Realty

than $2,000 per foot, which brought the sale

I would consider to be the hottest area, but

to well over $14 million. This was a record sale for in-town and not on the water. This sale has set the bar much higher and has prompted a few owners to list their houses. We are glad to have the added inventory, as it has been quite depleted recently. In November, I listed and sold a townhouse in three days. That deal was also record sale for the townhouse association. These sales are a testament to the demand in this market.

there’s a lack of product on the entire island. So, when new properties come on the market, you have multiple buyers competing for the same property.

LAWRENCE: Depending on where on the island, home sales have gone up six percent to 14 percent. AVENUE: Where on the island you are seeing a lot of activity?

WALLY: Much of the recent sales activity is being seen in the North End of the Island and in the Village. People coming in for the season like the idea of being close to town, as they can just get on their bikes and get to a shop or restaurant.

DANA: The North End is still probably what

AVENUE: Why are so many of the spec

LIZA: On Friday, a house on my street at the North End came on the market. Within an hour, I had brought an offer in. That night, there were two other offers going in over the asking price.

homes going up on the North End? LIZA: A lot of homes there sold during the recession, and builders bought them at the right price. Those are the properties where the spec houses are being built. DANA: And they’re all going to come to market over the next 12, 24 or 36 months. LIZA: They haven’t put a number on them yet, but the prices are going to be in the high $50 million if not in the low $60 million by the time they sell. WALLY: Builders are buying teardowns primarily in the North End and all over the Island and putting up new houses. They are paying nearly $200 a square foot for land off the water in the North End. It is a bit higher

JANUARY 2015 • AVENUE MAGAZINEE • AVENUE ON THE BEACH | 97

PA L M B E ACH ROUNDTABL E John O. Pickett III

“If you get into a situation where you’re not getting exactly what you’re looking for, but you’re getting pretty darn close: don’t dawdle.”—John Pickett DANA: Many sellers don’t want to sell because they have nowhere else to go on the island.

AVENUE: What do buyers want when they come to you?

LIZA: Unless they feel that they are going to be offered something above their wildest dreams basically, then they’re just simply not prepared to move now.

DANA: Many of them want new construction. They don’t want to have to go through the process, which from beginning to end can take two years. Buyers want something now. As a result, they’re willing to pay a premium to a developer or even to someone who’s recently renovated or built a new house for themselves.

LINDA: I am having to be very creative to motivate people to sell. I recently called a client and asked if they would sell their

in the area south of Worth Avenue known as the Estate Section. Most of these houses are much larger than the ones that are being torn down. There is a lot of momentum in the $6 million to $7 million price range for new spec houses.

Linda Gary

LIZA: But I also think that those buyers you’re referring to, if they can’t find what they’re looking for, they’re prepared to go into a lower price point and just do renovations because the inventory is so tight here. AVENUE: What’s the status of Jimmy Buffett’s old house?

AVENUE: What advice would you give buyers looking to buy a home on the island?

JOHN: I represented the buyer and Dana represented the seller. My client took down the Jimmy Buffett house on 540 South Ocean Boulevard, and we are in the process of drawing up plans to build a home for one of the gentlemen who was part of the purchase on 530 South Ocean, which is the vacant lot immediately to the north. On the lot, we plan to build a spec house. In the meantime we

JOHN: Don’t sit there watching the Today show and contemplating whether or not you are going to make an offer. If you get into a situation where you’re not getting exactly what you’re looking for, but you’re getting pretty darn close; don’t dawdle. I guarantee you the five people that are coming in right behind you are not going to dawdle. In today’s market,

Paola IuspaAbbott

“It is always about supply and demand. The in-balance now is, there is more demand than supply.” —Lawrence Moens you may have to pay 5, 6, 7 or 10 percent above where you would normally be comfortable paying just to secure the property. AVENUE: Why is the inventory so tight?

lakefront house. They said, “Where would I go?“ So I said, ”I have the perfect condo for you.“ Because I know they’re elderly I thought they’d be perfect for that place. So, they’re going to take a look at it. They didn’t say they

LAWRENCE: It is always about supply and

would sell, but they said, ”Linda, I’ll take a look, and if we think it fits, perhaps we’ll talk

demand. The in-balance now is, there is more demand than supply.

about it.”

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PA L M BE A C H RO UN DTA B LE sold the third parcel at 61 Mill Road, which was a lovely house with a landmarked wall. AVENUE: How is the condo market on the island doing? LAWRENCE: It is very strong, especially in the better buildings, and water views are always in demand. JOHN: I’m not even sure there is a condo market anymore. There’s nothing available. DANA: There’s a lack of luxury product from a condo perspective, so people come and they pay a premium for it. Case in point: last month I sold a penthouse at Sun and Surf for just under $9 million. The unit has direct ocean views and more than 5,000 square feet. The sale set a

Dana Koch

could come and just move in. I’m expecting to sell them fast. One unit is a four-bedroom condo at the Kirkland House, 101 Worth Avenue, and has direct ocean views and an entry gallery to display art. The other unit is 2 North Breakers Row. The two-bedroom condo was completely renovated with Macassar ebony wood doors from Sri Lanka, and the pool cabana was upgraded to include high-tech equipment. WALLY: The condo market in the Village remains extremely strong, either waterfront or city view. The range of prices in this market start at $100,000 and climbs to nearly $20 million. The Palm Beach condo market had something for everyone. AVENUE: How is the rental market doing? DANA: We have the same problem in the rental market that we have in the sales market. It’s the same lack of inventory. People

Liza Pultizer

and take a look at a property. If you’re serious about it, you got to get on an airplane now.

“The sellers definitely have the upper hand right now.” —Dana Koch made their plans early this year and took a longer season just to be able to secure an apartment or a home.

record for that building by well over $5 million. LIZA: You’re only allowed to renovate during the summer from May to November 1st, so buyers are mainly looking for condos that have been renovated . . . that’s what the condo market is driven by. People don’t want to buy in those buildings if they have to wait six months to do the renovation. We listed one on Friday, a little teensy one at 455 Australia. The first person who walked in to see it put the offer in and is pending. I mean, that’s because it had been done. LINDA: I have two condos where someone

WALLY: Realtors ask me almost daily if I know of a house or apartment to rent that I have not put on the Multiple Listing Service. They wonder if I have a “pocket listing” so they can offer it to their prospects. Many clients come to Palm Beach and will rent for a season before they buy. Renting is a way for new people to come to town and see if they actually want to make a purchase. AVENUE: What are some of the challenges you see ahead? JOHN: One challenge is changing the buyer’s attitude on how to participate personally in this sort of search for the property. For example, if you send somebody information on a listing on November 1, by November 15the information is completely outdated. Most likely, the property sold by then. So the idea that I’m trying to get across is that buyers can’t take two weeks to come down

100 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

LIZA: I noticed buyers are trusting their brokers and their agents more and more to make that decision for them. So, the moment we find the property, I pick up the phone and tell my client “put the offer in.“ And we put it in, we lock it up and, then, they ﬂy in to purchase the property. JOHN: That’s a very good point. You have to have the confidence of your customer, and you have to be willing to be proactive and be able to make that kind of call. DANA: Yes, properties aren’t waiting for buyers anymore. If you have that mentality, then chances are that you are going to lose a few properties before you understand the urgency in this market. LAWRENCE: The lack of inventory will continue to be one of the most pressing challenges for the near future. ✦ Paola Iuspa-Abbott is the president of Top Of Mind PR and a veteran real estate journalist

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WARBURG REALTY LOCATIONS | 654 Madison Avenue • 212-439-4500 |

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Warburg Realty Partnership LTD, as the Exclusive Agent, represents the seller of this property. All information in this document is from sources deemed reliable but is subject to errors, omissions, or changes without prior notice. No representation is made as to the accuracy of any information, including, without limitation, any description, amenities, floor plans, measurements or square footage. All information should be independently confirmed and any reliance is solely at buyer’s own risk. Real estate brokers and salespeople affiliated with Warburg Realty are independent contractors and are not employees of Warburg Realty. Equal Housing Opportunity.

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2488 Main St, P.O. BOx 1251, BridgehaMPtOn, nY 11932. 631.537.5900 | ÂŠ 2014 dOuglaS elliMan real eState. all Material PreSented herein iS intended fOr infOrMatiOn PurPOSeS OnlY. While, thiS infOrMatiOn iS Believed tO Be cOrrect, it iS rePreSented SuBject tO errOrS, OMiSSiOnS, changeS Or WithdraWal WithOut nOtice. all PrOPertY infOrMatiOn, including, But nOt liMited tO Square fOOtage, rOOM cOunt, nuMBer Of BedrOOMS and the SchOOl diStrict in PrOPertY liStingS are deeMed reliaBle, But ShOuld Be verified BY YOur OWn attOrneY, architect Or zOning exPert. equal hOuSing OPPOrtunitY.

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SOUTHAMPTON VALUE AND STYLE 2488 Main St, P.O. BOx 1251, BridgehaMPtOn, nY 11932. 631.537.5900 | ÂŠ 2014 dOuglaS elliMan real eState. all Material PreSented herein iS intended fOr infOrMatiOn PurPOSeS OnlY. While, thiS infOrMatiOn iS Believed tO Be cOrrect, it iS rePreSented SuBject tO errOrS, OMiSSiOnS, changeS Or WithdraWal WithOut nOtice. all PrOPertY infOrMatiOn, including, But nOt liMited tO Square fOOtage, rOOM cOunt, nuMBer Of BedrOOMS and the SchOOl diStrict in PrOPertY liStingS are deeMed reliaBle, But ShOuld Be verified BY YOur OWn attOrneY, architect Or zOning exPert. equal hOuSing OPPOrtunitY.

EARLY 19TH CENTURY SUMMER COTTAGE ON 1 ACRE | Southampton | $3,395,000 | This well preserved 4,000 sf Shingle style treasure has 8-9 bedrooms, front and back parlors, eat-in kitchen, a dining room and a sunroom that can double as a guest room. There are gardens and rolling lawns, a cutting garden, grape arbor and a wisteria arbor. There is also a Saline 20 x 40 pool and stone patios for dining outside. Currently used as a registered B&B with a proven track record for repeat guests year after year, this is also an opportunity to own a historic home with the option to renovate and bring it up to 21st century luxury standards. Web# H22194

WATERFRONT MODERN WITH OVER 400 FT OF BULKHEADED WATER FRONTAGE | Southampton | $1,775,000 This spectacular home is located on a peninsula in Cold Spring Point, a tranquil waterfront community. With its own private sandy beach, the house has bulkheaded high ground water frontage. Offers a 1,000 sf great room with 26 ft cathedral ceilings, granite and stainless kitchen, living and dining areas. There are 3 spacious bedrooms plus sleeping loft with sweeping Peconic views. Community amenities include tennis, paddleball, basketball courts and access to the Peconic Bay beaches. Web# H14410

pAuLA hAthAwAy Lic. Assoc. R.E. Broker

O: 631.204.2712 C: 516.319.4223 phathaway@elliman.com AskELLIMAN.COM

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Waterfront Home on SoutH main Street Southampton | $6,250,000 | rental mD-LD: $275,000 | Elegant Gambrel style with a dock offers a spectacular view over Lake Agawam. Six bedrooms all with en suite baths and balconies. Chef’s kitchen with Viking appliances and bistro area, dining room, and grand living room ideal for entertaining, with a total of 4 wood-burning fireplace. There is a heated pool and spa plus attached 2-car garage, attic and basement. Web# H17193

autHenticaLLy renovateD viLLage Home Southampton | $3,450,000 | rental mD-LD: $110,000 | This Craftsman’s home has main level guest suite plus a second floor master suite and 2 additional bedrooms and 4 full baths. Chef’s kitchen with dining area that opens to a heated Gunite pool, a living room with fireplace for cozy evenings and a den full of light for relaxing complete the picture. It has a garage and basement. Near Little Plains Beach and village shops. Web# H47355

MAryANNE hOrwAth, Lic. Assoc. r.E. Broker O: 631.204.2720 | C: 516.617.8938 maryanne.horwath@elliman.com

AskELLIMAN.COM 2488 Main St, P.O. BOx 1251, BridgehaMPtOn, nY 11932. 631.537.5900 | © 2014 dOuglaS elliMan real eState. all Material PreSented herein iS intended fOr infOrMatiOn PurPOSeS OnlY. While, thiS infOrMatiOn iS Believed tO Be cOrrect, it iS rePreSented SuBject tO errOrS, OMiSSiOnS, changeS Or WithdraWal WithOut nOtice. all PrOPertY infOrMatiOn, including, But nOt liMited tO Square fOOtage, rOOM cOunt, nuMBer Of BedrOOMS and the SchOOl diStrict in PrOPertY liStingS are deeMed reliaBle, But ShOuld Be verified BY YOur OWn attOrneY, architect Or zOning exPert. equal hOuSing OPPOrtunitY.

An EquEstriAn’s DrEAm briDgEhAmpton | $25,000,000 Two Trees Farm is a 65-acre world-class equestrian and high goal polo facility in the heart of the Hamptons. This one of a kind property is home to a prestigious Hunter/ Jumper stable and offers 2 indoor arenas, 3 outdoor rings, acres of paddocks, 3 barns with 100 stalls and staff quarters. Also included is a main house with pool and tennis and a well appointed guest house. Additional adjacent building lots and newly constructed homes available Spring 2015. Web# H50530

MOrgAN whItE, Lic. r.E. salesperson O: 631.204.2768 | C: 917.331.0446 morgan.white@elliman.com

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FI N ANCI AL ROUNDTABL E

Robert Kleinschmidt

Jennifer Lee

Chris Sheldon

Jason Pride

Fiscal Forecast Our panel of experts look at the global investment climate moderated by Haley

Friedlich

AVENUE: Let’s begin by talking about international markets. JONATHAN HOCHBERG: On a valuation basis, the United States looks more expensive relative to its own history, and if you look just purely at valuation it’ll lead you to Europe and Japan and to emerging markets. To us, emerging markets seem like a compelling, long-term bet because of the strong growth and the fundamentals, alongside the cheap valuations. So we’ve been overweight emerging markets, and also like frontier markets given the recent history. Over time, we think there will be more countries like the UAE and Qatar that can move from so-called “frontier markets” to the emerging market indices that could

photographed by Jessica

Nash

JASON PRIDE: Two things resonate here: number one, I think there’s a positive global backdrop that’s supporting pretty much all markets. On the whole, that’s a nice, positive backdrop. At the same time I’m having a harder and harder time right now saying, “Oh, I want to be heavily allocated to the emerging markets, Europe, or even the United States.” It’s getting to the point where it’s company by company & stock by stock. Take emerging markets for example—it’s no longer about emerging markets broadly. The growth in emerging markets is shifting from infrastructure spend to being more about the consumer.

CHRIS SHELDON: One thing I find interesting are the tailwinds and headwinds which differentiate each country and region, including emerging markets. This is something we haven’t seen in quite some time. For example, there are some countries that are positively affected by the decline in oil prices and others that are negatively impacted. In addition, you can see differences in global business cycles. It’s the first time in quite some time that the United States is at one

JENNIFER LEE: I’m wondering when we’re actually going to stop calling them emerging markets? Today, two billion people are in the middle class; there will be five billion people in the middle class by 2030; these are no longer emerging markets. Each country has different dynamics, some are commodity dependent, for example, and will be directly impacted by falling commodity prices. So I think, as stated, you’ve got to look at it country by country and company by company—just think about how different that is from when most of us started investing. You invested in the United States and you had your satellite interest either through ETFS or a basket of these regions. The amount of research and due diligence you have to do now is just

stage versus Europe China and even Japan. I think this creates some opportunities for investors as well.

completely different. And I think you’re right, it does strongly argue for active management.

give them an added lift. Emerging markets represent half the world’s GDP—but it’s underweighted in the broader indices. So we think there’s probably more tailwinds than headwinds in emerging markets.

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ROBERT KLEINSCHMIDT: And the amount of due diligence that you can do has changed over the recent past. There was a time when it was pretty difficult to investigate emerging-market companies. But it does depend upon what kind of money you’re managing. If you’re managing money for high-net-worth individuals and families, they don’t need to be in emerging markets. You don’t necessarily go into emerging markets to preserve capital. You go into emerging markets to hit home runs, or at least to make very substantial amounts of money. So the question is, What does your client want? If your client wants exposure to emerging markets, there is a relatively safe way to do that. You can invest in U.S. companies that have businesses in emerging markets all over the world, and you can probably get pretty good exposure there. You might not catch the ultimate beta of the markets, but nonetheless you can get some exposure in those areas.

AVENUE: Are investors diversifying away from multinationals? JASON: In some cases, these homegrown companies—companies that are local in nature—go up against international giants and they win. They’re closer for distribution; costs are low because they’re right in that region. It’s not always the case, but sometimes I think you have to play both sides of it. JENNIFER: Right. There’s a level of interconnectedness that exists now. I think there was a time where you could simply use multinationals, and I think that we are evolving to a point where even conservative investors want global exposure because some of the largest companies in the world are not U.S. multinationals: They’re European multinationals, they’re Indian multinationals, they’re Chinese multinationals. ROBERT: They’re moving out. There are some fantastic companies that have popped up in some of these emerging markets: well run, nice, conservative. Then there are some shoddy companies as well.

think about investing—has to evolve. Again, it isn’t that the United States has gotten smaller, it’s that the whole world has grown bigger and faster. ROBERT: The point is that 20 years ago, when it was very difficult to get your clients to think about emerging markets, was probably an excellent time to be investing in those markets, when nobody else wanted to be in them. CHRIS: It’s because they thought of them as were “submerging markets,” given the pain they felt in the late 1990s. JENNIFER: The best time to plant a tree was 20 years ago. The next best time is today. ROBERT: But I think the other point is that the dollar is very strong these days, and the United States is reemerging as a global growth engine, as had been the case prior to the emergence of China. The United States is sort of driving the bus again, so I’m not so sure about some other markets. For example, take the case of India, where low energy prices have really hit them because energy is priced in dollars. So there’s been an offset there. But one thing you can say for sure is that the United States’ current-account deficit is on the rise again, and that’s good news for the rest of the world. That means that we’re buying more stuff than we’re producing and we’re acting as this worldwide growth engine again. If that continues, then your emergingmarket play might turn out to be pretty interesting.

AVENUE: Is the strong dollar a good thing for American investors?

ROUNDTABLE PARTICIPANTS

JENNIFER: We’re global consumers. JONATHAN: Yes, and you can invest in companies traded on the local exchanges, in the local currencies, and clearly you have to have boots on the ground to do that. Our clients generally give us full discretion over their portfolios, so we’re not taking direction from them on where to invest. When we look at the emerging and frontier markets, relative to the developed markets, it’s very much bottom-up and we’re using active management. But when you look company by company, [our clients are] benefiting from the high nominal growth that’s taking place in the emerging markets and relatively cheap valuations. CHRIS: The shift in perspective over time is interesting. Twenty years ago it was very difficult for many high-net-worth investors to think about investing outside the United States. Today, thinking globally about portfolio allocation is much more prevalent, recognizing how much growth we’ve seen in those markets and how important they are in the global economy. As a result, many investors have a much higher allocation to these areas. JENNIFER: Right, and in this conversation we focused on, intentionally or unintentionally, equities. Our entire industry—and the way we

JONATHAN HOCHBERG, President, Hillview Capital, LLC

JENNIFER LEE, Senior Vice President and Regional Managing Director, Wells Fargo Private Bank

JASON PRIDE, Director of Investment Strategy, Glenmede

ROBERT KLEINSCHMIDT, President, CEO and Chief Investment Officer of Tocqueville Asset Management L.P.

CHRISTOPHER SHELDON, Chief Investment Officer, Fidelity Private Wealth Management

JANUARY 2015 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 111

FI N ANCI AL ROUNDTABL E

Jonathan Hochberg

JONATHAN: Generally, a strong dollar as we know means lower commodity prices and lower oil prices—which helps the consumer. But I think the strong dollar cuts both ways. JASON: We do have to be a little bit specific when we talk about the dollar because it’s always what’s the currency on the other side, right? I mean the strong dollar, the one that everybody’s quoting lately, it’s the U.S. dollar versus our major trading partners, which is primarily euro, pound and yen. When you go broader and look at all of our trading partners—and I actually did the trade-weighted basket— the dollar actually isn’t quite as strong now, so emerging market currencies are doing much better than the euro and yen. The US dollar’s strength relative

JENNIFER: Look at the last six years of monetary policy—we’ve had global governments, pretty much in concert, putting liquidity into the system, and then we’ve had uneven recoveries across the globe. Now, you start to see central governments now starting to do slightly different things, so what does that mean for investors? For the last few years, you could afford to be pretty neutral with your global asset allocation because central governments were all moving in the same direction, but that’s not necessarily how things are going to happen the next few years.

“We do have to be a little bit specific when we talk about the dollar because it’s always what’s the currency on the other side, right?”

CHRIS: This goes back to my earlier point, which is we’re in a mode of asynchronous monetary policy and economic recovery. When not all asset classes move in tandem, such in 2014, it can present opportunities. Certain asset

to the euro and yen was the intended consequence of central bank policy. The U.S. has a tightening monetary policy; we’re taking away the bond buying, and inching toward raising rates, and the European Central Bank and Bank of Japan are pushing ahead with even more easing and more bond buying. Japan is putting in place the largest quantitative easing that I’ve seen in quite some time. If central banks have their way, they will bring about a great rebalanc-

classes did well, while others lagged considerably. This may present some of the opportunities that you had mentioned.

JASON: One of the things that often happens is that people take this broadbrush approach to looking at markets and saying, “Okay, Europe’s fat, so I’m just not going to [invest there].” In reality, there are many global businesses, great companies in Europe, that have more U.S. exposure than U.S. companies.

ing. The United States is strong, Europe is weak and Japan is weak. Central banks are trying to mitigate these differences.

ROBERT: You can say that there are some great companies that

—Jason Pride

If the United States is regionally strong, we can afford to give up half a percentage point in growth in order to give Europe and Japan half a percentage point in growth and create a more global economy that continues moving ahead in a positive direction.

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happen to be in Europe. JASON: Exactly. That just happens to be where they’re domiciled. It happens in emerging markets, it happens in Europe. There are some

107 EAST 61ST STREET | $29,000,000 5 BR/8 BA/2 HF BA | WEB ID: 0019863

625 PARK AVENUE - PRE-WAR GRANDEUR | DRAMATICALLY REDUCED 3 BR/4.5 BA | WEB ID: 0019267

Spectacular carriage house with a two car garage and swimming pool. This unique elevator house has approximately 10,000 sq.ft. of living space including a large gym, a full floor master suite, and a rooftop sundeck.

Originally designed as an opulent 14-room apartment, this 7th floor home has 65’ frontage on Park Avenue and grand proportions throughout, approximately 10’ tall ceilings, plus light and views from all four exposures. Originally 4 bedrooms and a library, it offers approximately 5,300 sq.ft. of sprawling space, a luxurious master suite with enormous walk-in closet and bathroom, grand scaled bedrooms, huge kitchen, and powder room. Rare and incomparable.

510 PARK AVENUE, APT 5A | $12,800,000 4 BR/5.5 BA | WEB ID: 0019871

50 GRAMERCY PARK NORTH | $8,750,000 3 BR/3.5 BA | WEB ID: 0019328

784 PARK AVENUE, APT 6B | $7,750,000 3 BR/3.5 BA | WEB ID: 0019391

Grand Park Avenue 10 room apartment with a wood burning fireplace in living room, large formal dining room, newly renovated eat in kitchen, and enormous master suite with two bathrooms and large dressing room.

This magnificently renovated apartment has dramatic views of Gramercy Park from both master bedroom and great room, which has over 12’ tall ceilings, enormous floor-to-ceiling picture windows and a wood burning fireplace.

A magnificent Pre-War duplex apartment in 784 Park Avenue, offering rooms of grand proportions, this 3-bedroom co-op apartment plus library is ideally located on the West side of Park Avenue and 74th Street.

J. ROGER ERICKSON

Senior Global Real Estate Advisor Associate Broker P. 212.606.7612 E. roger.erickson@sothebyshomes.com www.roger-erickson.com

EAST SIDE MANHATTAN BROKERAGE | 38 East 61st Street, New York, NY 10065 | sothebyshomes.com/nyc Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

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FI N ANCI AL ROUNDTABL E

great opportunities produced by exactly what you’re talking about, and if you have a good approach to picking—just taking the reasonable value opportunities as they come—could be a good solution. CHRIS: But you can see why this is happening. Investors have deep muscle memory of what’s happened during the financial crisis, and in some cases, still seem to retain more of a glass-half-empty view: as soon as something happens, up comes the volatility, up comes the pessimism. For longer-term investors, these periodic sell-offs can sometimes create opportunities. Especially if we have lower interest rates and low inflation for a longer period of time. If that’s the environment we’re in, then it could investors a longer cycle than what some people would think about in a classic business cycle, and that would be very positive for financial assets.

JONATHAN: Agreed, but the thing you have to remember is just because rates rise it doesn’t mean the interest on the Federal government’s debt suddenly rises. There’s a roll-off procedure that happens. About 7.5 years is the term of the U.S. government’s debt right now, so it’s going to take quite a long time for this to roll off and end up with higher rates. That provides a nice window, right? So we have to be careful not to make an overly dramatic statement regarding an immediate jump in the cost of our debt burden; it’s something that would gradually come in, but I don’t disagree with you. The conclusion that we have to get our fiscal house in order before those rates go up is absolutely correct.

“If you turned every recession upside down it would say, ‘Made by the Federal Reserve. —Robert Kleinschmidt

ROBERT: Well, lower rates are everything right now. They’re everything because in this country, for example, we have $18 trillion worth of debt. And the rate of interest that we are paying on that debt—or, put differently, the entire interest bill in the Federal budget—is about $250 billion.

That is not markedly different from what the Federal budget paid in 1990, when it was about $225 billion. So we’ve had 25 years’ worth of deficits, and we’re not paying much more in terms of interest rates now than we were then. But if our interest rates go from 1.5 percent or less to 3 or 4 percent, you get fat fiscal calamity.

CHRIS: While rates might move moderately higher, a big spike seems less likely. Compared to where rates have been in the last two to three years, savers may find this is reasonably encouraging. It’s definitely been a unique point in time. ROBERT: Well, they used to say that if you turned every recession upside down it would say, “Made by the Federal

Reserve.” ✦ Statements contained herein are based solely on the opinions of the commentators as of the date of this article, and are subject to change without notice. Avenue Magazine cannot assure that any forward looking statements will, in fact, occur. The information presented should not be construed as investment advice or recommendations. Past performance is no guarantee of future results

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TIMELESS APPEAL

1 CENTRAL PARK SOUTH | $15,000,000 5 rm, 3 br, 3 ba | Web ID: 0019845 Louise C. Beit | 212.606.7703

555 PARK AVENUE | $12,500,000 10 rm, 4 br, 5 ba | Web ID: 0019862 Austin B. Schuster | 212.606.7797

65 WEST 13TH STREET | $7,000,000 8 rm, 3 br, 3 ba | Web ID: 0019813 Caroline Rocco | 212.606.7744

GLAMOROUS MAISONETTE | $6,500,000 7 rm, 3 br, 3 ba, 1 hf ba | Web ID: 0019874 Serena Boardman | 212.606.7611

149 EAST 73RD STREET | $6,250,000 9 rm, 4 br, 4 ba | Web ID: 0019825 Vannessa A. Kaufman | 212.606.7639

781 FIFTH AVENUE | $6,000,000 5 rm, 3 br, 3 ba | Web ID: 0018618 S. Boardman 212.606.7611 | S. Ponte 212.606.4109

333 EAST 57TH STREET | $3,995,000 9 rm, 4 br, 4 ba | Web ID: 0019860

521 PARK AVENUE $3,900,000 3 rm, 1 br, 1 ba, 1 hf ba | Web ID: 0019812 Pauline Evans | 212.400.8740

120 EAST 75TH STREET | $1,650,000 5 rm, 2 br, 1 ba, 1 hf ba | Web ID: 0019450 M. Smith 212.606.7683 | J. Hascoe 212.606.7695

R. Gianopulos 212.606.7622 | S.Ponte 212.606.4109

EAST SIDE MANHATTAN BROKERAGE 38 East 61st Street, NY, NY 10065 | +1.212.606.7660 sothebyshomes.com/nyc

Visit onlywithus.com to discover the benefits available through us alone.

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

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Palm Beach

Fine Properties

top row from left Oceanfront And Tennis | WEB: 0076186 | $28,900,000 Mizner On Dunbar | WEB: 0075304 | $8,950,000 middle row from left Worth Avenue Oceanfront | WEB: 0076293 | $1,975,000 Red Cross Designer Show House | WEB: 0076319 | $2,495,000 bottom row Beachpoint | WEB: 0076528 | $879,000

WALLY TURNER PALM BEACH BROKERAGE 340 Royal Poinciana Way, Suite 337 | Palm Beach, FL 33480 sothebyshomes.com/palmbeach | 561 659 3555

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561 301 2060

wally.turner@sothebyshomes.com Operated by Sothebyâ&#x20AC;&#x2122;s International Realty, Inc.

17/12/14 11:23 am

Properties of the Month Luxury Residences in New York and beyond . . .

Warburg Realty THE CLAREMONT HOUSE 52 East 72nd Street Penthouse. This 6,400-square-foot penthouse encompasses four spacious floors, with 1,200 square feet of landscaped terraces. With north, south, and east exposures and an abundance of light, this residence has 48’ of frontage on 72nd Street and feels like a private townhouse in the sky. $17.95M. NET #: 267205. Contact Richard Steinberg @212.439.5183 or Matthew Slosar @212.439.4531

Saunders & Associates SAGAPONACK OCEANFRONT BEACH HOUSE New to the market, this quintessential beach cottage encapsulates the essence of an authentic oceanfront experience. It features a view across a wide beach straight on to the Azores. The rustic, expandable two-bedroom, one-bath house has been used in several photo shoots. The recently completed beach replenishment project assures a wide beach, FEMA protection and beach rebuilding guarantees. $12.95M. WEB #: 47864. Contact Nancy Mizrahi @917.854.9933

Wald Real Estate THE LOMBARDY Live the life of luxury when you’re in town. Earn premium rental income while you’re away. Wald Real Estate is the on-site broker at the Lombardy Hotel. Built in 1926 by William Randolph Hearst, the Lombardy Hotel has been home to legends such as Elizabeth Taylor and Richard Burton. Experience prewar elegance and boutique appeal. Studios through four-bedroom suites are available from $600’s. Full hotel services include daily maid and concierge services, fitness and business center, salon and valet parking. Dine at Harlowe and 9th Street Espresso. The Lombardy is just off Park Avenue, close to fine dining, shopping, art galleries and the Theatre District. Corporate and foreign purchasers welcome. Contact Stephen P. Wald @212.750.WALD

Sotheby’s International Realty MASTER BUILT NEW WATER MILL HOME WITH POOL Reputable Hamptons custom builder with sterling track record: just completed new home with pool, pool house and three-car garage, set down a private drive, with room to clear an additional 11,000 square feet, room for tennis. On 6.6 +/- acres. $6.25M. WEB #: 0056596. Contact Harald Grant @631.227.4913

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Palm Beach Fine Properties

EVERGLADES ISLAND LAND | $22,000,000 | 0076477 Kim Raich | 561.718.1216

SOPHISTICATED REGENCY ESTATE | $11,200,000 | 0076347 Carole Koeppel |561.329.0019

RARE OCEANFRONT DUPLEX | $7,750,000 | 0076490 Cristina Condon, 561.301.2211 | Todd Peter, 561.281.0031

LAKE BLOCK TOWNHOME | $4,995,000 | Web ID: 0076324 W. Ted Gossett, 703.625.5656 | Todd Peter, 561.281.0031

NORTH END NEW CONSTRUCTION | $5,595,000 | 0076444 Judge Moss | 561.662.7821

THE DORCHESTER | $295,000 | 0076360 Susan Van Pelt | 561.379.4759

PALM BEACH BROKERAGE 340 Royal Poinciana Way, Suite 337 | Palm Beach, FL 33480 sothebyshomes.com/palmbeach | 561 659 3555

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Running the New York Real Estate Market Stribling and Kivlan believe that the firm’s agents are its greatest asset. Their philosophy has always been that the right agent makes all the difference. This is why the firm has earned a reputation for being a place where agents are nurtured and thrive. It is important to them

Stribling & Associates deeply understands the New York market, yet is intimate enough to provide an extraordinary level of professional and personal advice to each of their clients. And many agents have been with the firm for decades, offering an unparalleled

“Making sure the client has the best experience is always our top priority. There’s a reason 80% of our business comes from referrals . . .” that each agent understands not only the intricacies of the home selection process, but the intimacy as well. “Making sure the client has the best experience is always our top priority. There’s a reason 80 percent of our business comes from referrals,” Kivlan says.

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level of experience with exceptional properties in New York City’s most sought-after neighborhoods. As an affiliate of Savills, the world’s leading international property services company, Stribling & Associates can reach buyers in more than 48 countries. ✦

SIGRID ESTRADA

lizabeth Stribling, known throughout her career for her impeccable style and uncanny insight into the luxury real estate sector, founded Stribling & Associates in 1980. Starting with just 8 agents and a boutique office on Manhattan’s Upper East Side, the firm has grown to over 300 agents with offices in Brooklyn, Chelsea, and Tribeca, in addition to the Uptown flagship office on Madison Avenue. Today Stribling’s daughter, Elizabeth Ann Stribling-Kivlan, is the youngest president of a residential brokerage in New York City, working alongside her mother, who remains active as chairman. Stribling and Kivlan are a dynamic duo who, together, have broadened the firm’s areas of expertise, creating a flourishing new development division, Stribling Marketing Associates. The division currently represents a wide variety of projects in Manhattan and Brooklyn. They’ve also focused on integrating technology and new media, creating a dynamic online presence for the firm and its agents. As a result, Stribling & Associates won the 2013 Luxury Real Estate Award for Best Website (www.stribling.com), among other accolades.

PALM BEACH, FLORIDA

Prestigious Clarke Avenue Estate

Masterfully restored over 9,500 sq. ft landmarked John Volk estate with sizable guest house. This elegant residence is truly magnificent with romantic balconies, fireplaces, and impressive loggia overlooking the private, lushly landscaped, pool area. Restored to perfection featuring Tischer impact windows, elevator, generator, and 4 car garage. Unique Opportunity...$14,950,000

Clark Avenue Ocean Block

Palm Beach classic 7 bedroom 6.5 bath residence on prestigious Clarke Avenue. Custom renovation with large kitchen/family room, study, butler’s pantry, fireplaces, impact French doors, elevator, and garage. Situated on an 18,600 sq. ft lot with large covered loggia overlooking a spacious pool area perfect for entertaining. Walk to the Ocean and The Breakers...$5,995,000

Established

Magical. Cozy. Charming. Great Energy Cottage Rental available beside the Hudson

1989

“Specializing in Palm Beach Luxury Properties Since 1989”

(561)820-9195 www.LindaOlsson.com

250 yr old cottage once home to George Washington’s dogs & horses. Perfect work space for artists, musicians, yoga and psychotherapy practitioners, etc. Wonderful space for water enthusiasts as well – kayak, sail, stand up paddle on the river. Ideal for potential tenants seeking work/play space (perhaps weekend retreat) – not day in/day out home. South cottage at 747 Piermont Avenue. Private courtyard entrance, maintained gardens, patio, sea wall, beach & two entrances. Exposed barn beams & doors, wood burning fireplace, a/c, heat, 750 square feet, 3 rooms, unobstructed water views throughout. $2650/mo ($1000 finders fee available) For more information, please contact: Scott at 917-494-5252

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IF IT’S A ONE-OF-A-KIND PROPERTY, IT BELONGS IN

For more information on how to connect with a priviledged readership, please contact Susan Feinman, sfeinman@manhattanmedia.com

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Nip & Tuck, the newest makeover for your neckline

Avenue asks Dr. Marc Zimbler, Facial Plastic Surgery expert, his top secret tips for a more youthful neck Scalpel or needle? Dermatologist or surgeon? How do I know which is right for me? I think with all the new technology we have these days the lines have been blurred. Dermatologists are great at treating the face with Botox and fillers but sagging neck skin has proven to be more of a challenge. Recently radiofrequency lasers such as Ulthera and Thermage have been used, but results are less than we had hoped for. When it comes to loose skin under the chin, this is where the scalpel reigns supreme, says Dr. Zimbler. Most of my patients have been treated for years by their dermatologists, but when they start complaining about the neck and jawline that’s when they say, “See Dr. Zimbler. Surgery does an amazing job at contouring the jawline and sculpting the neck.

“With an A-list of referring dermatologists, Dr. Marc Zimbler is focusing his attention on the neck.” Your natural necklines are the talk of the Upper East Side, is your technique different from that of other surgeons? More and more of my patients are asking for neck-tightening surgery and are happy with their faces the way they are. They come in and say, “I just want my neck done, I don’t want to look like one of those Housewives on TV”. Patients want to look like themselves, just refreshed with a more youthful jawline. Traditional lifts pull the skin too tight and leave unsightly scars. We have all seen these people walking down Park Avenue with wind-blown faces that can be spotted a mile away. My technique is not based on pulling skin, instead it tightens the fascia and muscle. This targeted jawline rejuvenation surgery redrapes deeper structures and gives a more natural look. And with the newer short-scar techniques incisions are almost invisible, hidden inside and behind ears. With each patient I take an individualized and customized approach to achieve beautiful and balanced results. My office is totally committed to our patients’ well being while providing an environment of trust, professionalism and the highest level of medical expertise.

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What is the best age to start thinking about surgery? For me I start to think about surgery when the jowls start to fall and neck skin starts to sag. Typically this starts to occur in the late forties and early fifties. That being said, I am a strong believer in smaller surgical procedures at a younger age rather than more dramatic operations later on. Early rejuvenation typically lasts longer, has a quicker recovery, is less stressful for the patient and looks more natural. People today don’t want to look like they had surgery, they just want to look like themselves but refreshed and rested. My job is to make them look fantastic for their age. ✦ Dr. Zimbler is a native of Manhattan and trained at the Mount Sinai Hospital and NYU Medical Center. He is board-certified in Facial Plastic & Reconstructive Surgery and is a Diplomat of the American Board of Facial Plastic Surgery. He is a Fellow of the American College of Surgeons and the American Academy of Facial Plastic Surgery. He has been named in New York magazine’s Best Doctors, The New York Times Superdoctors, and Castle Connolly’s Top Doctors in New York.

MARC S. ZIMBLER, M.D. F.A.C.S. 990 5th Avenue ◆ New York, NY 10075 T: 212.570.9900 ◆ W: www.marczimblermd.com

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608 ISLAND DRIVE, PALM BEACH Prestigious Everglades Island regency with four bedrooms and four and a halfbaths. Home features beautiful water views, 2 car garage, dock with boat lift, and pool overlooking water. Lot size approximately Â˝ acre. EXCLUSIVE - $7,575,000

209 WELLS ROAD, PALM BEACH

Elegant Regency 4BR/4.5BA home privately situated on lush garden property. Near town, high ceilings, beautiful natural light, sophisticated dining room surrounded by the garden. EXCLUSIVE - $5,300,000

THE LEVERETT HOUSE 3A, PALM BEACH Light and bright condo with 2BR/3.5BA and den in rarely available Leverett House. Full service building with beautiful town, pool, and garden views. Designer ready, high ceilings, +/- 3,400 sq. ft., multiple balconies, and poolside cabana. EXCLUSIVE - $2,970,000

Though information is believed to be correct, offering is subject to errors, omissions, prior sale and withdrawal without notice. This is not intended to solicit property already listed. Equal Housing Opportunity. All sizes are approximate and are subject to verification.

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16/12/14 3:50 pm

The Art of Giving Supporting Charitable Initiatives

laine Sargent’s involvement in the medical community began in her 20’s in Montreal when she helped fund her uncle’s research on artery transplants, which revolutionized heart transplant procedures around the world. Inspired by his work, Sargent created the Arthur M. Vineberg Scholarship at McGill University in Canada. Dr. Jeffrey Borer, Chairman of Medicine at SUNY Downstate said, “Elaine Sargent has been a generous supporter of medical research for many years, carrying on the tradition of medical discovery initiated by her uncle, the late Arthur Vineberg, a pioneering cardiac surgeon.” Sargent and her husband Daniel Sargent, who built the corporate end of Solomon Brothers, helped fund Dr. Borer’s cardiology research when he was at New York Hospital as well as Dr. Pat Walsh’s Prostate Cancer research at John Hopkins University. “Its important to help train young doctors who will become tomorrow’s leaders in research,” says Sargent. Though Sargent is still very active in healthcare issues, she has recently devoted much of her time and money to support her new love: the theater. The dedication she shows towards medical research has now extended to support workshops where new writers, directors and plays are being developed. “Daniel and I would go to NY Theater Workshop and see the rehearsals. They did such an exceptional job, we wanted to support their work and off-Broadway shows.” While many people are interested in the glamour of Broadway, Sargent is passionate about what theater can do for young talent and children who stutter. She has supported the Our Time Theatre Company, the Roundabout Theater Company, the Manhattan Theater Club, Playwrights Horizon, Primary Stages, the Lincoln Center Theater and NY Theater Workshop, among many others. “When I like a play or see a lot of potential in a script, I like to go back 3 or 4 times. It is crucial to support new talent and it is very exciting to watch it develop,” adds Sargent. Elaine and her great friend, the late Kitty Carlisle Hart, used to go to the theater two or three times a week. In addition to her work for medical research and the theater, Sargent stays busy running her own money and being supportive of the social and political causes important to her. “I feel very strongly about the right for same-sex couples to marry and adopt, ” says Sargent. In politics, Sargent remains open-minded, “I support whoever I think can be trusted - on either side of the spectrum,” she adds. It comes as no surprise that the legacy of Sargent’s commitment to her

“In addition to her work for medical research and the theater, Sargent stays busy running her own money and being supportive of the social and political causes important to her.” community has transferred over to another generation of her family. “I am very proud of my grandchildren- they are grateful to live in a country like the United States, and they do not take it for granted. They are extremely active in supporting the candidates of their choice. I admire anyone who steps up to support their ideals no matter what they are,” Sargent says, “The point is to be involved, committed and active.” —Robin Phillips ✦

JANUARY 2015 • | AVENUE MAGAZINE • AVENUE ON THE BEACH | 127

P O ST CARD F R OM . . . |

H A L E Y F R I E D L I CH

PAME!

Living the Greek life with Nick Papanicolaou

Greek melting pot

NICK PAPANICOLAOU understands Greek spirit in every capacity; it is both his business and a way of life for him. The Harvard and Columbia Business School alum is literally in the Greek spirit business—he is the founder and president of Ya Spirit; his New York— based liquor company that makes a native liqueur called Mastiha. And in the abstract sense, Papanicolaou is all about sharing his Greek culture with as many international friends as he can bring there. Here, Papanicolaou takes us away from his busy New York—Hamptons—Palm Beach social triangle, and to one of his favorite Greek islands: Mykonos.

My favorite destination is Mykonos. In addition to having gone there almost every summer since childhood, I find that it offers something for everyone. You’ll find many nationalities, but in particular a lot of Greeks, Italians, Germans, English, Scandinavians, Lebanese and, of course, Americans. You’ll find newlyweds there to enjoy the romantic restaurants and the cute painted streets in town. You’ll find families that go to enjoy the beaches and healthy Greek summer lifestyle. There are vacationers from all over the globe to enjoy the local nightlife and to party till dawn. You’ll find artists. A gay community. Visitors who come for the antiquities on nearby Delos. How can you not love this diversity?!

Days spent . . .

This past summer, I checked out some of the newer scenes, like La Med and Kalua. I tried Calita, a new restaurant in town. I stopped by my regular romantic spot, Hippie Fish, for a moonlit dinner. And I hit my regular party spots like Nammos. But I also made time to just relax with some friends and their kids at the Santa Marina hotel. Like I said, something for everyone.

Hot, but not too hot

Away from the crowds

I normally stay in St. John (Aghios Ioannis) or near Ornos Bay. It has pretty views, nice beaches, some charming restaurants, and yet it can be a lot less crowded than other parts of the island, despite being only a few minutes’ drive into town.

128 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2015

I always know some Athenians who go regularly. More recently, almost every summer I run into a group from NYC or London that’s there for the first or maybe second time. Mykonos is a little less on the celebrity train than other places, like Ibiza or St. Tropez, and frankly I’m perfectly happy with it that way. We definitely get our fair share of celebrities—I saw Karolina Kurkova on Panormos Beach there a few years back, for example. Lebron James was there in August 2014 just after I went. And a ton of people from the fashion world go quite regularly. But in general, people who have been going there for a long time don’t want to have paparazzi around every Greek Orthodox church or beachside taverna.

YA-spiration

I recently pilot-launched a premium Greek spirit called YA. I have always loved Greek food and drink. About eight years ago, I started to see the emergence of Greek digestive spirits, not only as after-dinner drinks but as something that could be enjoyed on the beach or in cocktails. I played with the idea for a bit, and shortly after graduating business school I had my aha moment in the summer of 2009, when I witnessed the essence of Mykonos in action.

To do list

I’ve been curating a list for years that I update annually. I recently saw an email chain that came back to me through my sister from recommendations I made to someone else two years earlier! There is always a new crop of places, and yet the institutions are as popular as ever. To keep it short for my friends, I will say that I never have a trip without going to Kiki’s (a restaurant at Aghios Sostis where the food is cooked on an openflame grill and an olive tree serves as the roof), Nammos (the typical daytime party scene for Mykonos), Sea Satin (the Greek dancing starts after 1 a.m.), Hippie Fish (romantic and undiscovered by most tourists), and now Spilia (a recently renovated restaurant built into a cave where you can get delicious sea-to-table sea urchins). I also try to stop by the Mykonos Star Hotel, where Sia the owner always has a bottle of YA (the mastiha spirit I produce) waiting for me. Lastly, whenever I’m in need, I call my friend Silvio, aka “Mr. Mykonos,” or one of a handful of others who are connected to the scene there, like Yanni Kiskini who’s based in New York.

I brought friends from various distinct backgrounds to enjoy the holiday with me. When I saw one of my WASPy-est New York friends Greek-dancing with his arm around a Colombian guy, an Israeli girl and a Greek from Sparta, I felt inspired. It was as if all my years of bringing American friends to Greece to share my culture with them had finally culminated in this one moment. It had to do with the Greek spirit, or philotimo as they call it. It was this force bringing us all together, tearing down cultural barriers, freeing our inhibitions to be vulnerable and open to a new experience, and bonding us together in a lasting and memorable way.