Top Tier Property Advertising Options | Treasure Coast Sotheby's International Realty by ONE Sotheby's International Realty

PROPERT Y A DV ERTISING

Global Exposure for Distinct Property Advertising The Sotheby’s International Realty® Property advertising program provides an array of options—both print and digital— for listing advertising needs. This program leverages high-profile, global media partners and offers targeted reach and vast worldwide exposure. Our property advertising program offers pre-negotiated, exclusive advertising rates for select quality placements by leveraging the strength of the Sotheby’s International Realty network.

PROPERTY ADVERTISING TAR 2

RGETED. GLOBAL. EFFICIENT. 3

P2JW316000-0-M00100-1--------XA

WSJ. MAGAZINE

MANSION

Neil deGrasse Tyson on the home in the Bronx where he first gazed at the stars M7 HOMES

MARKETS | PEOPLE |issue, UPKEEPin |tomorrow’s VALUES | NEIGHBORHOODS the innovators paper

NASDAQ 5058.41 g 0.9%

REDOS

—A.L. Rowse

SALES

THE WALL STREET JOURNAL.

FRIDAY, NOVEMBER 4, 2016 ~ VOL. CCLXVIII NO. 107

Modern or Contemporary? STOXX 600 331.56 À 0.003%

10-YR. TREAS. g 4/32 , yield 1.811%

OIL $44.66 g $0.68

FIXTURES

MANSION | M1 |

BROKERS

Friday, November 11, 2016 | M1

HH $3.00

WSJ.com

GOLD $1,302.10 g $4.70

EURO $1.1107

YEN 102.99

Candidates Push to Bolster Turnout

What’s News

Defining the two home styles is tricky because of overlapping traits. But when it comes time to sell, modern homes have higher asking prices than contemporary ones.

The Wall Street Journal

Republican Donald Trump, Democrat Hillary Clinton and their surrogates fanned out across the battleground states on Thursday with the same mis-

Business & Finance

By Reid J. Epstein, Michael C. Bender and Peter Nicholas

ederal prosecutors, after a lengthy probe, are nearing possible criminal charges for price-collusion in the generic-drug industry. A1

Pence, visited Iowa and was joined on the campaign trail by Texas Sen. Ted Cruz, a onetime fierce rival to the Republican nominee. Mr. Trump’s wife, Melania Trump, made a rare campaign appearance in Pennsylvania. Mr. Trump headlined events in Florida and North Carolina. Virginia Sen. Tim Kaine, the Democratic vice-presidential candidate, headed to Arizona, where he used his fluency in Spanish to rally Latino voters.

 Chinese mogul’s connection to nominees.......................... A4  At rally, Melania Trump calls for civility................... A4  Soros donates to local prosecutor races................ A6

headed for Las Vegas. Mrs. Clinton held events in North Carolina. While volunteers collect voter information at Mr. Trump’s rallies, the Democrats are making their case in more explicit terms. “Plug this into your phones if you haven’t voted,” President Barack Obama said at a Miami rally on Thursday before rattling off the nearest early voting location. “It’s at 10315 Northwest 12th Street in Doral. So

Democratic nominee’s priThe Wall Street Journal (WSJ)The represents credibility and mary rival, Vermont Sen. Bernie

sion: to energize and turn out their voters in the presidential election. The GOP vice-presidential candidate, Indiana Gov. Mike

 The BOE played down the chance of rate cuts soon, saying it expects the Brexit decision’s early impact to be less than previously thought. A8

Sanders, revved up young vot-

influence and continues to beersthe leading in Ohio, and herenvironment husband, former President Bill Clinton,

for luxury real estate clients to connect with the world’s

Iraqi Forces Open Up Road to Freedom for Mosul Residents most affluent home-buying audience. With new and

 VW’s efforts to cut costs face a roadblock as shareholders and labor representatives meet Friday about restructuring plans. B1

exciting content alignment opportunities in “Mansion,” WSJ’s global luxury real estate section, we are able to

we’re making this really simple for you.” The intensity of the final push in the campaign reflects a tightening in the national and battleground-state polls. While such movement is typical at the end of a presidential campaign, both sides see a shot at victory—if they can get their voters to show up. The turnout battle in Ohio illustrates the ferocious competition between the two party’s Please see RACE page A6 FROM TOP LEFT: JOE SCHMELZER FOR THE WALL STREET JOURNAL (2)

DJIA 17930.67 g 28.97 0.2%

TECHIES CREATE NEW SILICON CITIES

‘One might even regard architecture as history arrested in stone.’

Ruling Puts Twist In U.K. Exit Plans

 The S&P 500 fellMOSTLY for an MODERN This home in Beverly Hills, Calif., has classic modern features like a flat roof, boxy exteriors and industrial materials like concrete and steel. Trip Haenisch and his partner Hadi Halawani purchased the home last year for $7.2 million and made contemporary updates before relisting it for $10.95 million. eighth day, its longest stretch of declines since the financial crisis. The Dow eased 28.97 points to close at 17930.67. C1

deliver our message with more resounding results than

 Dozens of ex-brokers who were barred from brokerage firms have begun new careers as investment advisers. C1

ever before.

BY ALEXIS FLYNN AND JENNY GROSS FROM LEFT: JOSHUA FLETCHER FOR THE WALL STREET JOURNAL (2)

further strengthen our brand, expand visibility and

LONDON—A U.K. court put a hurdle in the country’s route out of the European Union, ruling that Prime Minister Theresa May can’t start the  Fox anchor Kelly claims process without approval from in her coming memoir that Parliament. former Fox News CEO Ailes The High Court decision ofsexually harassed her. B1 fers a potential opening to lawmakers to disrupt her plans  Google hit back at EU and steer the country toward a claims that it abuses its “soft” exit that maintains dominance in internet shopstronger ties to the bloc and a ping and advertising. B4 more-open immigration policy. CHIEFLY CONTEMPORARY This home on the big island of Hawaii has contemporary touches, including open-air living areas, ceilings with inlaid wood, multiple materials on the exterior and more pops  GoPro swung toofacolor deep The government said it in the interiors. Denise and Randall Farleigh have listed the home for $7.2 million. quarterly loss and said would appeal the verdict to that it expects to remain the Supreme Court, which Bardt, an architect and professor at the Rhode homes by listings website Realtor.com. in the red next year. B1 would hear the case in early BY ALINA DIZIK Island School of Design. But actually defining the two styles is a far December. If the ruling is upJohn Stewart, residential committee chair of trickier matter—and one that confounds many  SpaceX may lose a INWHAT’S SIGHT:THE An DIFFERENCE Iraqi specialbetween forces asoldier puts up a helmet as a decoy while a sniper targets Islamic State positions on the eastern edge held, lawmakers would have a “modern” the American Institute of Architects, helps explain real-estate professionals, homeowners, builders launch order from satellite ofhome Mosul, Troops opened major road allowing thousands of residents to escape and head to campsModern far from theand front lines. chance to pressure Mrs. May and Iraq. a “contemporary” one? a About $275,000. the difference. homes décor haveA10 the and even some architects. Frequently, the terms operator Inmarsat. B3 That’s the gap in listing prices for luxury simple lines and “stripped-down” aesthetic of are used interchangeably. And the definitions to soften her terms in breakup homes described as modern and those called con1940s, ’50s and ’60s modernism, said Mr. Stewart, have changed. “It’s rather confusing, because a negotiations with the EU. They Please turn to page M8 temporary, according to an analysis of luxury contemporary [home] keeps shifting,” said Chris World-Wide could delay the process or even halt it. A Long, Slow Slide The ruling introduces new  Trump, Clinton and their The S&P 500 has fallen for eight uncertainty in the process on surrogates fanned out across straight trading days, its longest a day when the Bank of EngINSIDE battleground states to boost losing streak since the 2008 land, explaining why a further voter turnout among likely financial crisis, as investors cut in interest rates looked 4 as polls showed Affluent young looking supporters dialedprofessionals, back on risk ahead of thefor high-end amenities, fuel a luxury-tower boom in the German financial hub. less likely, said it expected the race tightening. A1 U.S. presidential election. C1 Brexit to weigh less heavily on  Trump leads in Arizona the economy next year than S&P 500 July ’12 –2.9% Federal prosecutors, after a according to the companies’ sent shares of generic drug thought. and Texas, GOP strongholds 6 days BY J.S. MARCUS down streaks lengthy probe, are nearing filings with the Securities and makers tumbling. Endo fell where Democrats have tried Brexit proponents called since the  Wells Fargo is in talks with a group of prosecutors examining potential abuses related to mortgages. C1

Circulation: 1,535,900 globally

MARKO DROBNJAKOVIC/ASSOCIATED PRESS

Readership: US - 3.5 Million, Global - 4 Million Male / Female: 66% Male / 34% Female

Average household income - US: $270K

Average household income - Asia: $345K

Average household income - Europe: $295K Average age: 48

Number of listings per page: 3

Generic Drug Firms Face FRILL-SEEKING IN FRANKFURT Possible Collusion Charges Number of listings per page: 35

Nov. ’16

Late Edition Today, becoming cloudy, afternoon and evening showers or heavy thunderstorms, high 74. Tonight, cloudy, low 47. Tomorrow, sunny, high 56. Weather map appears on Page A24.

VOL. CLXVI . . . No. 57,405 +

$2.50

NEW YORK, THURSDAY, NOVEMBER 3, 2016

Trump Holds PRESIDENT FAULTS Strong Appeal F.B.I. AND FIRES UP With Veterans

CLINTON FAITHFUL

Praised for His Blunt Talk on War’s Costs CRITICIZES EMAIL ‘LEAKS’ By NICHOLAS CONFESSORE

The roster of retired military officers endorsing Hillary Clinton in September glittered with decoration and rank. One former general led the American surge in Anbar, one of the most violent provinces in Iraq. Another commanded American-led allied forces battling the Taliban in Afghanistan. Yet another trained the first Iraqis to combat Islamic insurgents in their own country. But as Election Day approaches, many veterans are instead turning to Donald J. Trump, a businessman who avoided the Vietnam draft and has boasted of gathering foreign policy wisdom by watching television shows. Even as other voters abandon Mr. Trump, veterans remain among his most loyal supporters, an unlikely connection forged by the widening gulf they feel from other Americans. After 15 years at war, many who served in Iraq or Afghanistan are proud of their service but exhausted by its burdens. They distrust the political class that reshaped their lives and are frustrated by how little their fellow citizens seem to understand about their experience. Perhaps most strikingly, they welcome Mr. Trump’s blunt attacks on America’s entanglements overseas. “When we jump into wars without having a real plan, things like Vietnam and things like Iraq and Afghanistan happen,” said William Hansen, a former Marine who served two National Guard tours in Iraq. “This is 16 years. This is longer than Vietnam.” In small military towns in California and North Carolina, veterans of all eras cheer Mr. Trump’s promises to fire officials at the Department of Veterans Affairs. His attacks on political correctness evoke their frustrations with tortured rules of engagement crafted to serve political, not military, ends. In Mr. Trump’s forceful assertion of strength, they find a balm for wounds that left them broken and torn. “He calls it out,” said Joshua Macias, a former Navy petty officer and fifth-generation veteran Continued on Page A18

The New York Times In the Friday Main News Section

The New York Times is widely recognized as the most GREGORY SHAMUS/GETTY IMAGES

Cubs players after scratching out a win in an epic game that ended early Thursday in Cleveland. Chicago last won a title in 1908.

influential news source for many of the world’s most

More Torment, Outlawed sophisticated Crop Firesand Fuel loyalIndia’s readers.Air Pollution well above hazardous levels in the Then Cubs End week. Known Cause, Known past Farmers 100 miles north in PunMAULVIWALA, India — Des108-Year Wait perate jab were well aware that they Cure but Continuing to reduce the pollution that The Main News section provides By GEETA ANAND

By BILLY WITZ

CLEVELAND — If you are going to endure years — no, generations — of futility and heartbreak, then when you do finally win a championship, you might as well make it a memorable one. The Chicago Cubs did just that, shattering their 108-year championship drought in epic fashion: with an 8-7, 10-inning victory over the Cleveland Indians in Game 7 of the World Series that began on Wednesday night, carried into Thursday morning and seemed to end all too soon. After the Indians rallied with three runs in the eighth inning, including a two-run thunderbolt of a home run by Rajai Davis off closer Aroldis Chapman, and then a brief rain delay, the Cubs pushed two runs across in the 10th on Ben Zobrist’s double and Miguel Montero’s single. The Indians got a run back in the bottom of the inning when Davis singled home Brandon Guyer, who had walked with two out against Carl Edwards Jr. But Mike Montgomery, the Cubs’ fifth pitcher of the night, got Michael Martinez to hit a slow roller to third base. Kris Bryant scooped it up and threw to first baseman Anthony Rizzo, and the Cubs poured out of the dugout and mobbed one another in the center of the diamond. The heart-stopping end to the series was the Cubs’ third straight victory over the Indians, allowing them to become the first team to rally from a three-games-to-one deficit in the Series since Kansas City in 1985, and the first to do it on

has made New Delhi’s air quality among the worst in the world, the city has banned private cars for two-week periods and campaigned to reduce its ubiquitous fireworks during holiday celebrations. But one thing India has not seriously tried could make the most difference: curtailing the fires set to rice fields by hundreds of thousands of farmers in the nearby states of Punjab and Haryana, where much of the nation’s wheat and rice is grown. Although India’s environmental court, the National Green Tribunal, told the government last year to stop farmers from burning the straw left over from their rice harvests, NASA satellite images

Health Hazard

were contaminating the capital’s air, they said in interviews, and were willing to consider other ways to dispose of the excess straw, but could not afford the options offered by the government. “We are smart, and we have adopted new technology in the past,” said Jaswant Singh, 53, as he watched a fire sweep across a 20-acre field near his village, Maulviwala, about 140 miles northwest of New Delhi. He planned to set his own seven-and-a-half-acre rice paddy ablaze in a couple of days, he said, “because we can’t afford to pay for the new technology ourselves.” The air was thick with smoke that evening as I drove the two hours back to Punjab’s capital, Continued on Page A6

extensive coverage of the leading

in recent weeks have shown virtually no abatement. Farmers are continuing to burn most of the leftover straw — an estimated 32 million tons — to make room to plant their winter wheat crop. While fireworks associated with the Hindu holiday of Diwali were blamed for a particularly bad smog problem in recent days, smoke from the crop fires blowing across the northern plains into New Delhi accounts for about onequarter of the most dangerous air pollution in the winter months. In the growing metropolis of nearly 20 million people, pollution soared

events and issues of the day,

global and national. It features the editorial page and Op-Ed

articles contributed by leaders in every field. Daily. This is an

Obama Tells Crowd in North Carolina Vote Hinges on Them This article is by Jonathan Martin, Adam Goldman and Gardiner Harris.

CHAPEL HILL, N.C. — President Obama threw the power of the White House behind Hillary Clinton on Wednesday. He faulted how the F.B.I. director, James B. Comey, handled new emails related to the investigation into Mrs. Clinton’s private server, and then shouted out to college students here in a pivotal battleground state that it was crucial that they vote because the “fate of the world is teetering.” Mr. Obama’s comments about Mr. Comey, broadcast early in the day as recent polls showed a tightening race, were striking for a president who has insisted he does not comment on F.B.I. investigations. But Mr. Obama appeared to be doing exactly that in implicitly criticizing Mr. Comey’s decision to send a vague letter last week to Congress — and by extension, the public — informing lawmakers about a discovery of new emails related to Mrs. Clinton’s use of a private server as secretary of state. “We don’t operate on incomplete information,” Mr. Obama said in an interview with NowThis News. “We don’t operate on leaks. We operate based on concrete decisions that are made.” Without mentioning Mr. Comey by name — although it was clear whom he meant — Mr. Obama suggested that the F.B.I. had violated investigative guidelines and trafficked in innuendo by alerting Congress last week. Mr. Obama’s remarks, which followed searing criticism of the F.B.I. director from Continued on Page A16

essential environment to give your luxury properties the ultimate exposure.

SEXUAL HARASSMENT At its core,

it is about power, and politics is a power profession. PAGE A14 TUNED IN Jay Z and other musi-

cians are going on the road to support Hillary Clinton. PAGE C1

AL DRAGO/THE NEW YORK TIMES

President Obama in Chapel Hill, N.C., on Wednesday.

In Changing Regions, Trump 5 Makes Inroads for Democrats By JONATHAN MARTIN and ALEXANDER BURNS

CASA GRANDE, Ariz. — Since

contends with inflamed Demo-

Human psychology can get in the way of a secure life. Here are some ways to outwit it. SUNDAY, MARCH 27, 2016

A SPECIAL SECTION

CMYK

NYxx,2016-11-13,F,001,Bs-4C,E1 “Some parts of the economy fall, other parts rise. It never happens that everything falls at once.” Aleksei A. Kozlov, partner in a private equity firm in Russia, Page 10

SUNDAY, NOVEMBER 13, 2016

A SPECIAL SECTION

Political turmoil here and abroad raises the level of uncertainty in the global economy. BY PAUL SULLIVAN, IAN AUSTEN, MEGHA BAHREE, ANDREW E. KRAMER, PRASHANT S. RAO, MICHAEL SCHUMAN, VINOD SREEHARSHA | PAGES 6-11 JASON LOGAN

Special Editions

T. Boone Pickens manages to sit tight even in the riskiest of businesses.

Tracy DuVivier Gary is the “Janie Appleseed” of women’s philanthropy.

Charts and graphs to help clarify your financial thinking.

BY JOE NOCERA | 2

BY CL AUDIA DREIFUS | 4

BY JASON LOGAN AND CARL RICHARDS | 12

In the Sunday Wealth Section With the increased focus on personal finance and sustaining wealth during economic turmoil, this important section helps ease fears with the qualified advice and dependable information. Capture some of the nation’s most engaged and influential consumers who rely on this section for wisdom, advice and trusted answers. The New York Times - in the Sunday Your Money Section

Circulation: Weekday/Saturday: 626,257 Sunday: 1,105,573 Source: AAM Quarterly Data Report, Q1 2016, NY Times Internal Data Male / Female ratio: 60.5% Male / 39.5% Female One third have liquid assets valued at $1 million+

Reach an engaged audience of personal finance-savvy readers with the Your Money special news section. This section will feature a variety of personal finance advice from ways to manage mortgages in this tough housing market to strategies and shortcuts for making the most of your dollar. 6

Over 1 in 5 have a household net worth of $2.5 million+ Average household income: $245,997 Median age: 41 Number of listings per page: Up to 30

Saturday 5 November / Sunday 6 November 2016

Mountain Living Special House with no bed? Japanese architect Tadao Ando

Picnic at your peril Jaw-dropping roadside rest areas in Norway

AT HOME PAGE 2

ARCHITECTURE PAGES 10 & 11

Heading off-piste? Follow us on Twitter AFTProperty

Homebuying in ski resorts, from Switzerland to China GLOBAL PROPERTY PAGES 6 & 7

Dear Sir David Tang

I wouldn’t normally begin an email quite so formally, but I’ve been reading your new book and see you consider the briefer “Dear Sir David” to be obsequious. As there is nothing I’d like less than to appear unctuous, I’ll stick to your formula. That settled, may I crow? Last time we exchanged emails we were debating the right amount of stuff to own. Having chucked most of my belongings away, I argued that your three homes in central London, each bursting with antiques, knick-knacks and several hundred monogrammed shirts, were a bit excessive. I can’t tell you how vindicated I felt to visit you this morning in your “set” at the Albany in Piccadilly and find that you have sold one of your houses and dispatched its contents to Christie’s in one go. Hooray. This time I am writing to you as agony aunt to agony uncle, to congratulate you on the publication of your book, Rules for Modern Life, a compilation of your finest FT advice. I like the dust cover very much. At first when I saw the quotes on the back — paeans from Eric Schmidt, the Duke of Marlborough, Sir Mick Jagger, Joanna Lumley and other

Financial Times

You were right to crow about your championship of minimalism. Under your witchery, my wife tortured me to the point of total surrender. I simply threw everything out of our sevenstorey house either into a skip or to Christie’s at Kensington. There is now only an impersonal cheque from the auction house to remind me of my 20 years at Eaton Terrace. Maybe just as well, as I have never liked the uppermiddle class and Eaton Terrace is frightfully upper-middle-class. Meanwhile, I am delighted you have taken to reading my new book although you really cannot protest about my aversion to paper napkins, which are best consigned to a seedy room at a Bangkok massage parlour. As for signet rings, nobody uses them any more for sealing wax, as was originally the intention, and therefore they should be abandoned. The Duke of Edinburgh doesn’t wear one and he is the ultimate gentleman. The Prince of Wales does, but he is heir to the throne and is entitled to have an emergency seal at his fingertips. You are also wrong about a woman receiving flowers without a note. The whole point is to create a slight sense of mystery or magic. That’s why people love guessing the senders of Valentine cards. We men really understand that; but you women don’t generally. That’s why agony uncles are much more effective than agony aunts, as men would never dream of writing to women for advice, whereas they would write to other men — because men don’t trust advice from a woman, at least not in matters of intimacy or general intuition. Lucy Kellaway and David Tang at his home in Piccadilly, London — Photographs: Victoria Birkinshaw So I hope you will find more masculine pearls of wisdom from my book, and share Is it a social no-no to send Christmas cards? Are them with your own readers, who treat you as their paper napkins ever acceptable? Lucy Kellaway agony aunt. As we are very friendly colleagues at the and David Tang, the FT’s resident agony aunt FT, I will overlook any transgression on copyright. and uncle, argue over the rules for modern life Regarding the testimonials I received for the book, you seem to suggest that they were inflated and secured through past (which I swear by), alleging that they briberies of hospitality! How can you are really tissues. Isn’t the first rule of be so beastly, as my quotes of praise modern life that snobbery is no longer are as pristine as the songs of praise? OK? It was fine for the Mitfords but Or can you possibly be jealous? Yet you won’t do now. are already the longest-serving and One of the many famous people who most popular writer at the FT, so somegets a name-check in your book is the times someone else must be allowed a Queen. You talk of watching her push bit of praise. peas on to the wrong side of her fork, David Tang and suggest that if it is good enough for Her Majesty, it’s good enough for the A collection of Sir David Tang’s FT columns,7 rest of us. Are we to take your “rules” in ‘Rules For Modern Life’, will be published the same light? That if they are good next week by Penguin, £12.99 enough for Sir David Tang . . . Thank you for the delicious coffee today. Lucy To watch the video of Lucy PS. Hope you appreciate that I’m followKellaway and David Tang

The Financial Times showcases the finest residential

properties on the market and provides sage-like advice L O C A L E X P E R T I S E . G L O B A L R E AC H I N 6 3 C O U N T R I E S .

S OT H E B yS R E A LT y.C O m

PARADISE ISL AND, BAHAMAS K E N T F I E L D, C A L I F OR N IA LOS ALTOS HILLS, CALIFORNIA LY F OR D C AY, BA HA M AS

Spectacular and private beachfront setting. Casa DeLeon at Ocean Club Estates features 5 BR, 6.5 baths and 9,500 sf and views through the 25’ atrium of the infinity pool and aquamarine water beyond that will take your breath away. WEB: SN3NDG. $11,995,000 US. Monty.Roberts@SIR.com

Damianos Sotheby’s International Realty +1 242.424.4944 | SIRbahamas.com

S ONOM A , C A L I F OR N IA

Approximately 140 acre ranch, 11,800 sf home with 6 BR, lake, beach, softball diamond, tennis, gardens, pool and manager’s building. Approximately 15 minutes to Sonoma Plaza, 60 minutes to San Francisco. WEB: 0243305.

Sotheby’s International Realty Wine Country Brokerage +1 707.337.2227 | SonomaRanchEstate.com

Beautifully remodeled contemporary with reach-out-andtouch forest and mountain views, and hiking trails through the back gate. Sparkling pool, great room with folding panel doors that open to the view-side wrap-around terrace. $5,495,000. Bill Bullock and Lydia Sarkissian.

Decker Bullock Sotheby’s International Realty +1 415.517.7720 | globalestates.com

TTR Sotheby’s International Realty +1 202.333.1212 | ttrsir.com

M I L L VA L L E Y, C A L I F OR N IA N E W YOR K , N E W YOR K

Decker Bullock Sotheby’s International Realty +1 415.517.7720 | globalestates.com

Private, resort-like estate in one of Silicon Valley’s exclusive residential communities. The 20,000 sf home on 8+ acres is designed for entertaining on a corporate or personal level. Indoor pool, vineyard. Easy access to airports make the home a perfect West Coast hub. $88,000,000. Michael Dreyfus.

Dreyfus Sotheby’s International Realty +1 650.485.3476 | dreyfussir.com

WASHINGTON, DISTRICT OF COLUMBIA B RO OK LY N , N E W YOR K

Mini-estate. Renovated Colonial on a large private half acre lot with pool, offers elegant entertaining spaces, gourmet eat-in kitchen with separate formal dining room. Heated driveway, 2 car garage. Spacious 2nd floor master suite with full bath plus 4 additional BRs, 4 baths and office.

Custom-built, 5 BR, 4.5 bath Tudor near downtown draws 125 East 65th Street. Located off Park Avenue, a rare super inspiration from the adjacent 1889 Tudor estate of Mill Valley wide 35’ Neo-Georgian townhouse. Approximately 10,600 sf, founder Joseph Eastland. Grand living room, formal dining 12’ ceilings, 6 fireplaces, over 5 BR, and enchanting 35’ wide room, gourmet kitchen and master suite with fireplace and garden. WEB: 00110497. $38,000,000. Louise C. Beit. lavish bath. $4,650,000. Bill Bullock and Lydia Sarkissian. Sotheby’s International Realty

East Side Manhattan Brokerage +1 212 606 7703 | sothebyshomes.com/nyc

Rarely available beautiful, true 3 BR, 2.5 bath Dumbo loft, in the coveted Sweeney Building. With direct views of the Manhattan Bridge, the East River and Brooklyn Bridge Park. Do not lose out on this amazing opportunity.

Sotheby’s International Realty Downtown Manhattan Brokerage +1 212.810.4990 | sothebyshomes.com/nyc

B RO OK LY N , N E W YOR K

Nestled on one of the most desirable streets in the Heights, this lovingly restored 4 BR, 3.5 bath townhouse with 3,560± sf offers original details like plank flooring, marble fireplaces and an amazing glass entry. WEB: 0138349. $5,495,000. Karen Heyman.

Sotheby’s International Realty Downtown Manhattan Brokerage +1 212.810.4990 | sothebyshomes.com/nyc

Lucaya. Magnificent 3.9 acre estate with 530’ of beautiful sandy beach. A 4 BR, 6.5 bath main house with 2 staff BR, plus a 1 BR guest cottage and a 2 BR gate house. Gated, secure and private. MLS# 79151. $38,000,000. George.Damianos@SIR.com.

Russ Lyon Sotheby’s International Realty +1 480 266 0240 | FirerockResidence.com

B RO OK LY N , N E W YOR K

Sotheby’s International Realty Downtown Manhattan Brokerage +1 212.810.4990 | sothebyshomes.com/nyc

RY E , N E W YOR K

Designed with extraordinary attention to quality and details, this spectacular home offers 6 BR, 5.1 baths and amenities that will meet the needs of the discriminating buyer. MLS# 4547601. $3,495,000. Michael Holmes.

Julia B. Fee Sotheby’s International Realty +1 914.497.5997 | juliabfee.com

Private, resort-like estate in one of Silicon Valley’s exclusive This 7 BR, 9 full and 3 half bath estate occupies a 21+ acre residential communities. The 20,000 sf home on 8+ acres is hilltop with unsurpassed views of the wine-producing designed for entertaining on a corporate or personal level. region of the Napa Valley. Pool, spa and quintessential resort Indoor pool, vineyard. Easy access to airports make the home living. $25,000,000. Bill Bullock and Lydia Sarkissian. a perfect West Coast hub. $88,000,000. Michael Dreyfus. b.bullock@deckerbullocksir.com

Dreyfus Sotheby’s International Realty +1 650.485.3476 | dreyfussir.com

N E W YOR K , N E W YOR K

The best of the city, architecture, museums and tree lined streets filled with mansions. Carnegie Hill is a neighborhood that offers a perfect dose of charm. WEB: 00110700. $14,200,000. Lisa Maysonet and Gary Kabol.

Sotheby’s International Realty East Side Manhattan Brokerage +1 212.606.7603 / 7606 | sothebyshomes.com/nyc

Decker Bullock Sotheby’s International Realty +1 415.517.7720 | globalestates.com

N E W YOR K , N E W YOR K

After a complete transformation, 737 Park Avenue is the ultimate pre-war condominium. WEB: 00110739. $8,120,000-$13,590,000. Juliette R. Janssens, Allison B. Koffman and Jacqueline Rohrbach.

to a discerning audience of high-end private owners, as well as investors,

Lyford Cay Sotheby’s International Realty +1 242.424.9699 | SIRbahamas.com

TULLOW, COUNTY CARLOW, IRELAND

Elegant late 19th century riverfront home. Well presented with 5,500 sf or 510 sq m of accommodation. Frontage onto River Slaney with fishing. Offered on some 8 acres, 30 acres or up to 200 acres. €925,000. David Ashmore. david.ashmore@sothebysrealty.ie

every Saturday in its stand-alone

Ireland Sotheby’s International Realty + 353 (0) 87.251.2909 | sothebysrealty.com

HAWKE’ S BAY, NEW ZEAL AND

Glen Aros Country Estate. An elegant homestead, with wide verandahs, sweeping lawns and rural views. Residence and guest house each private in their garden setting. WEB: RZ7SJG. $4,500,000 NZD + GST (if any). Rachel Dailey. rachel.dailey@sothebysrealty.com

“House & Home” section. Targeting

New Zealand Sotheby’s International Realty +64 27.487.1231 | nzsothebysrealty.com

FOUNTAIN HILLS, ARIZONA LOS ALTOS HILLS, CALIFORNIA ST. H E L E NA , C A L I F OR N IA ASP E N , C OL OR A D O

Interior designer’s personal residence, built on a choice lot; extensively upgraded, customized and well-maintained by the original owners. Contemporary in style, open floor plan, light and bright, master on the main level. Simply extraordinary, easy to preview by appointment only. $2,500,000. Frank Aazami.

upscale readers who are passionate

Unparalleled contemporary home with views of Aspen Mountain. Over 9,600 sf of living space, a stunning master suite, 4 en suite BR, 6.5 baths, gourmet kitchen, office, massage room, 2,000 bottle wine storage, media room, exercise room and pool. $40,000,000. Gary Feldman and Lex Tarumianz.

Aspen Snowmass Sotheby’s International Realty +1 970.925.6060 | aspensnowmasssir.com

about home and living, this full-color

N E W YOR K , N E W YOR K

This oasis in the sky epitomizes Art Deco; surrounded by lush landscaping and Manhattan views with an artistic flair of old New York. WEB: 00110893. $2,995,000. Rebecca Cavallaro and Kristi Ambrosetti.

Sotheby’s International Realty Sotheby’s International Realty East Side Manhattan Brokerage East Side Manhattan Brokerage +1 212.606.7670/7688/7646 | sothebyshomes.com/nyc +1 212.606.7641 / 7702 | sothebyshomes.com/nyc

supplement is the world’s only weekly

WO OD SBU RG H , N E W YOR K ORCAS ISL AND, WASHINGTON SAN JUAN ISLAND, WASHINGTON

This magnificent estate set on 1.09 acres features 8 BR suites, each with a 4-piece bath, a library, elevator, indoor and outdoor pool, gym, sauna and party room with rotunda. SD #14. MLS# 2778281. $5,885,000. Angie Boudourakis and Boris Streshinskiy. evangeliaboudourakis@danielgale.com

Daniel Gale Sotheby’s International Realty +1 631.677.0030 | danielgale.com

Madroneagle Estate. Enviable SW exposure of 40+ acres of land and 1/2 mile of East Sound waterfront. Ultimately private. Reclaimed timbers, matchless craftsmanship and artisan features. Main estate 10,000+ sf, workshop + out buildings. Mooring buoy. Madroneagle.com. $10,000,000. Jennifer Johnson.

Realogics Sotheby’s International Realty +1 206.448.5752 | RSIR.com

Friday Harbor Estate. Unparalleled 38.72 fenced acres in a sheltered bay with 360’ deep water dock for a large yacht. 11,686 sf main residence of unparalleled quality and self-sustaining. Contemporary architecture. Manicured pasture. FridayHarborEstate.com. $16,800,000. Jennifer Johnson.

Realogics Sotheby’s International Realty +1 206.448.5752 | RSIR.com

© MMXVI Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Landscape with House and Ploughman, used with permission. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company . Equal Housing Opportunity. Each Office is Independently Owned and Operated.

property and lifestyle section that

is internationally focused and globally-distributed

Stuffed tiger’s head on the landing assorted giants, I thought it was a brilliant spoof. But then I realised all these people have probably enjoyed your hospitality in your assorted homes over the years and are well placed to comment on how your rules work in action. I also like the title. In this world in which anything goes, we need rules to help us, and — even better news — I found a couple of yours that I follow already. You don’t send Christmas cards. Nor do I. You think it’s fine for a middle-aged woman to dress like Suzi Quatro, and I agree. You are right that hotels ought not to tuck in duvets at the bottom and that it’s fine to nick the breakfast buffet for lunch. I even agree that a happy life can be led without decanters or coasters. Yet there, alas, all agreement ends. I see my job as agony aunt to reduce the agony of the reader. You appear to want to add to it. You tell suitors never to send flowers with notes attached. You say it’s more romantic; I say it’s not only a waste of money but will get the recipient’s hopes up that the flowers came from someone more exciting. Equally, you tell our hapless readers that the best thing to do when you forget someone’s name is to greet them with the first name you can think of. Is this a joke? More troublingly, you forbid FT read-

Dear Lucy Kellaway

every weekend.

Agony

Weekend Circulation: 274,131

Geographic distribution: Global Readership: 1,993,418

Male / Female ratio: 83% / 17%

Average household income: $306,000 Median age: 51

Number of listings per page: 20

The New York Times International Edition Wraps Guildford, England, United Kingdom £2,900,000 GBP Property ID HTTEJ6

In addition to cooperative advertising opportunities

E X T R A O R D I N A RY C O L L E C T I O N S | E X T R AO R D I N A RY H O M E S

within The New York Times International Edition, A N E X T R AO R D I NA RY C O LLABO R AT ION our program includes full-color The New York Times International Edition wraps that are distributed at some of the most prestigious events around the world. Event wraps are placed around thousands of copies of

Houston, Texas, USA $8,450,000 USD Property ID EFF632

The New York Times International Edition newspapers JOHN WILLIAM GODWARD A Cool Retreat Estimate £350,000–450,000

and are distributed in hotel rooms and on site during County Cork, Ireland €4,500,000 EUR Property ID LQCQNH

Victorian, Pre-Raphaelite & British Impressionist Art Auction London 14 July 2016

New York, New York, USA $38,500,000 USD Property ID 00110686

Tiburon, California, USA $12,900,000 USD Property ID CWQYM2

A s in art, antiques, wine and collectibles, the appeal of an extraordinary home is its distinctive

large events.

character. The Sotheby’s International Realty® network offers a fine collection of luxury homes, estates New York Couture Show and properties for sale throughout the world. Allow us to artfully unite you with the perfect home. New York, February 10-12, 2017 Wrap Date: Saturday, February 11

Viewing 9 – 14 July

SOTHEBYS.COM/VICTORIAN

Cannes Film Festival France, Maysothebysrealty.com 19, 2017 Wrap Date: Saturday, May 20

Untitled-1 1

6/29/16 1:47 PM

SIR INYT UK WIMBLEDON JULY 2016.indd 1

7/11/16 11:32 AM

Wimbledon Tennis London, July 3-16, 2017 Wrap Date: Friday, July 14

E L E U T H E R A , BA HA M AS

Windermere Island North. 164 acre development with 4.5 miles of water frontage and beach. 24 waterfront lots, 2 acres in size plus 32 acre beachfront resort property. $15,500,000 US. WEB: 79141. George.Damianos@SIR.com

Damianos Sotheby’s International Realty +1 242.424.9699 | SIRbahamas.com

K E N T F I E L D, C A L I F OR N IA

Multi-level, remodeled, hillside contemporary with panoramic views, wrap-around decks, Zen garden, stone terrace, swimming pool and spa. Master suite has direct mountain views, private deck and lavish bath. Plus 3 en suite BR, wine cellar, gym and home theater. $4,850,000. Bill Bullock and Lydia Sarkissian.

Decker Bullock Sotheby’s International Realty +1 415.517.7720 | globalestates.com

S TA M F OR D, C ON N E C T I C U T

A once-in-a-lifetime opportunity to acquire one of the area’s largest estates. Stately European-style stone manor presides over more than 262 sylvan acres stretching across the New York-Connecticut border with stunning views over formal gardens and a picturesque lake. $75,000,000. Joseph Barbieri.

Sotheby’s International Realty Greenwich Brokerage +1 203.618.3112 | sothebyshomes.com/greenwich

PAR ADISE ISL AND, BAHAMAS

Majestic views of the Atlantic Ocean from this 18th floor condo on the ocean side of the Reef Tower at Atlantis. 1,100 sf, 1 BR, 2 full baths and a sleeper sofa in the living room. Resort amenities and rental pool. Pay no property taxes. WEB: 21842. Price upon request. Nick.Damianos@SIR.com

Damianos Sotheby’s International Realty +1 242.376.1841 | SIRbahamas.com

Monaco Yacht Show Monte Carlo, Sept 27-30, 2017 Wrap Date: Friday, September 29

C OU N T Y C OR K , I R E L A N D

Lisselan Estate, 10,750 sf, historic Irish Château with private fishing and golf course. Offered for sale on some 200 acres. Up to 315 acres available in total. €4,500,000.

Dreyfus Sotheby’s International Realty +1 650.485.3476 | dreyfussir.com

K E Y L A RG O, F L OR I DA

Enjoy panoramic water views from this custom home in the private community of Ocean Reef. Outdoor patio with summer kitchen overlooks the stunning infinity-edge pool and wide canal views. Offering 4 BR and top-of-the-line gourmet kitchen. $7,500,000. Helena.Morton@sothebysrealty.com

Russell Post Sotheby’s International Realty +1 305.367.2027 | RussellPostSIR.com

C A R E F R E E , A R I Z ONA

Serene and private location in Carefree. Commanding 360 degree views, this authentic Santa Fe custom home on over 3 acres offers a gated entry, 5 BR, 7.5 baths, 9 fireplaces and retractable walls of glass. $3,895,000. Frank Aazami.

PA R A DI SE VA L L E Y, A R I Z ONA

Timeless light and bright Georgian French architecture. Completely remodeled and upgraded in 2012 by GM Hunt and Architect Mark Candelaria Design. Additional 2015 enhancements by John Schultz. Close to Paradise Valley Country Club. $4,800,000. Frank Aazami.

Dubai Film Festival Dubai, December 2017 Wrap Date: Wednesday, December 6

Ireland Sotheby’s International Realty +353 1 677 7101 | Sothebysrealty.com

L O S A LTO S H I L L S , C A L I F OR N IA S A N DI E G O, C A L I F OR N IA

Private, resort-like estate in one of Silicon Valley’s exclusive residential communities. The 20,000 sf home on 8+ acres is designed for entertaining. Indoor pool and vineyard. Easy access to airports make the home a perfect West Coast hub. $88,000,000. Michael Dreyfus.

PROVIDENCIALES, TURKS & CAICOS ISLANDS

Coral Pavilion is a stunningly elegant, newly completed, coral stone villa located on the most enviable stretch of world-renowned Grace Bay Beach on Providenciales. 8,035 sf home with 6 BR. $10,250,000 US. Nina.Siegenthaler@sothebysrealty.com

A rare opportunity in beautiful Del Mar, California. This oceanfront home with oversized patios is ideal for outdoor entertainment. Let the sandy beaches, warm waters and gentle tides of the Pacific Ocean become your personal playground! $11,500,000. Eric Iantorno.

Pacific Sotheby’s International Realty +1 858.256.7005 | PacificSothebysRealty.com

K E Y L A RG O, F L OR I DA

Casual elegance describes this one-of-a kind 2 BR, 3 bath canal front condominium at Ocean Reef. Featuring vaulted ceilings, new stone flooring, impact windows, and high quality finishes and furnishings. Complete with 32’ of dockage and oversized golf cart storage. $1,350,000. Cassy.Everhart@sothebysrealty.com

Russell Post Sotheby’s International Realty +1 305.367.2027 | RussellPostSIR.com

Turks & Caicos Sotheby’s International Realty +1 649.946.4474 | turksandcaicosSIR.com

S A N DI E G O, C A L I F OR N IA

Elegant 8,000 sf oceanfront estate in Carlsbad with private access to the pristine beach and world-famous surf. This luxurious home features elevator service to all floors, gourmet kitchen, formal dining, living and great rooms and game room/theatre. $11,495,000. Eric Iantorno and Clinton Selfridge.

Pacific Sotheby’s International Realty +1 858.256.7005 | PacificSothebysRealty.com

P UM P K I N K E Y, F L OR I DA

Florida Keys private island 1,000’ from shore accommodations in the Ocean Reef community. Self-sufficient with water and electric in place from shore to 12 large bay front lots. Currently, featuring 1 main home, 2 caretaker’s cottages and 20-slip marina. $95,000,000. Russell.Post@sothebysrealty.com

Russell Post Sotheby’s International Realty +1 305.367.2027 | RussellPostSIR.com

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | CarefreeEstate.com

S A N TA RO S A , C A L I F OR N IA

This impressive estate draws inspiration from Pueblo style architecture infused with soft contemporary elements. 4 BR main home + guest casita, infinity edge pool/spa, cabana/outdoor kitchen, pizza oven, bocce, wine cave, views of Mayacama Golf Club. WEB: 0087236. $3,250,000. Sheri and Robert Morgensen.

Sotheby’s International Realty San Francisco Brokerage +1 707.431.0777 | ShilohCanyon.com

S T. P E T E R SBU RG , F L OR I DA

Tampa Bay’s premiere waterfront penthouse in downtown St. Petersburg. Endless views. 4,965 sf superior custom interior: chef’s kitchen, gallery, media room, office, high ceilings, finest millwork, 4 car parking, 1,000 sf of terraces. 30 minutes to Tampa Int’l Airport. WEB: U7765462. $4,100,000. Alona Dishy. AlonaDishy@gmail.com

Premier Sotheby’s International Realty +1 727.458.8037 | premiersothebysrealty.com

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | RoadrunnerResidence.com

S ON OM A , C A L I F OR N IA

Approximately 140 acre ranch, 11,800 sf home with 6 BR, lake, beach, softball diamond, tennis court, gardens, pool and manager’s building. Approximately 15 minutes to Sonoma Plaza, 60 minutes to San Francisco. WEB: 0243305. Price upon request. Donald Van de Mark.

Sotheby’s International Realty Wine Country Brokerage +1 707.337.2227 | SonomaRanchEstate.com

S T. P E T E R SBU RG , F L OR I DA

Contemporary 2-story waterfront condo overlooking Tampa Bay. Located at 300 Beach Drive in downtown St. Pete. 2,975 sf plus 3 terraces (800 sf). World class custom design with open floor plan, high ceilings, gourmet kitchen and private entry. Premier amenities include large pool, gym and concierge service. WEB: U7752442. $2,110,000. AlonaDishy@gmail.com

Premier Sotheby’s International Realty +1 727.458.8037 | premiersothebysrealty.com

PA R A DI SE VA L L E Y, A R I Z ONA G E YSE RV I L L E , C A L I F OR N IA

Newer construction influenced by Tuscan country style villa, welcoming stone accented courtyard, and preserved antique doors are just few of the custom finishings throughout. Entertaining and open floor plan. Beach pool, spa and fire pits. Enjoys 4 car garage and RV parking. $2,150,000. Frank Aazami.

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | PVresidence.com

T I BU RON , C A L I F OR N IA

The romance of the old world lives at this waterfront residence devoted to the grandeur of Italian and French villa living. Completely bespoke and built as a labor of love, this timeless paradise has a pier, beach and endless views. $12,900,000. Bill Bullock and Lydia Sarkissian. b.bullock@deckerbullocksir.com

Decker Bullock Sotheby’s International Realty +1 415.517.7720 | globalestates.com

A LTO, G E ORG IA

Glass Apple Farm is a stunning, 1,100+ acre North Georgia mountain estate. The beautiful home has epic proportions and modern conveniences. Expansive outdoor entertaining areas, guest cottage, 5+ acre stocked lake, 60’ waterfall, horse pastures and fruit orchards. $12,750,000. Kevin Grieco and Clay Henderson.

Atlanta Fine Homes Sotheby’s International Realty +1 404.873.0300 | atlantafinehomes.com

Beautiful 10 lot subdivision in Alexander Valley. Located approx 15 minutes from Healdsburg and 1.5 hours from San Francisco. Each lot is approx 40 acres with spectacular views and vineyard. Gated entrance, ready to build. Only 5 lots remaining. WEB: 0087584. Price upon request. S. Morgensen and J. Wynne.

Sotheby’s International Realty San Francisco Brokerage +1 707.431.0777 | Hall-Ranch.com

T I BU RON , C A L I F OR N IA

Immerse yourself in dramatic 270 degree views of San Francisco and 3 landmark bridges from this contemporary gem. Featuring a circular glazed galleria, floating fireplace, multiple view side decks, floor-to-ceiling windows and cutting-edge technology throughout. $4,585,000. Bill Bullock and Lydia Sarkissian.

Decker Bullock Sotheby’s International Realty +1 415.517.7720 | globalestates.com

AT L A N TA , G E ORG IA

One-of-a-kind penthouse in the Ritz-Carlton Residences is exquisitely appointed with unmatched panoramic views of Atlanta’s Buckhead community and beyond. Experience redefined luxury living with world-class amenities and dedicated Ritz-Carlton staff at your service. $4,585,000. Melissa Frantz.

Atlanta Fine Homes Sotheby’s International Realty +1 770.442.7300 | atlantafinehomes.com

H E A L D SBU RG , C A L I F OR N IA

Wine Country Estate on scenic Russian River wine road carries trademark of classic wine country living. Approx 16 acres, private lake, pinot vineyard, tasteful blend of European style architecture with an informal elegance. Minutes from the plaza. WEB: 0087976. $5,350,000. Sheri and Robert Morgensen.

Sotheby’s International Realty San Francisco Brokerage +1 707.431.0777 | WineCountryLakesideEstate.com

W I N D S OR , C A L I F OR N IA

The legacy of this equestrian wine country estate offers a refined lifestyle that has endured through generations. 3 BR, 2.5 baths, pool, spa, outdoor kitchen, lanai, greenhouse, workshop; 2 BR, 1 bath cottage; Victorian round barn, stalls and riding arena. WEB: 0087899. $2,875,000. Sheri Morgensen and Robert Morgensen.

Sotheby’s International Realty San Francisco Brokerage +1 707.431.0777 | 1520MountWeske.com

AT L A N TA , G E ORG IA

Live at Sovereign in the heart of Atlanta’s Buckhead community and enjoy dramatic skyline views of Midtown and downtown Atlanta, Buckhead and Stone Mountain. Residents enjoy incredible amenities including valet, concierge, fitness center, restaurants and the private Buckhead Club. $3,800,000. Sam Bayne.

Atlanta Fine Homes Sotheby’s International Realty +1 404.237.5000 | atlantafinehomes.com

SMOGGY CITIES LONDON LESSONS FOR INDIA’S AIR

ZADIE SMITH THE WRITER ON THE JOY OF DANCE

A PIONEER OF KINETIC ART JULIO LE PARC FINDS NEW AUDIENCES IN THE U.S.

PAGE 13 | SCIENCE

PAGE 19 | CULTURE

PAGE 18 | CULTURE

INTERNATIONAL EDITION | WEDNESDAY, NOVEMBER 16, 2016

Berlusconi, and a lesson for America

Conflicts arise when president is also tycoon

Beppe Severgnini Contributing Writer

WASHINGTON

OPINION

Regulators who oversee Trump’s many businesses will be appointed by him

MILAN “Good morning!” says one of the

guards on duty outside the Excelsior Hotel Gallia here, where the United States consulate general is hosting a postelection breakfast. “Hardly a good morning,” I reply. Inside, the phantasm of Donald J. Trump, with its egg-custard bangs, weaves its way through the palpable embarrassment emanating from the assorted guests. I accepted the invitation after a sleepless night because I wanted to show my friendship to the United States and its citizens. They’re looking forward to at least four years of being governed by a president who looks to be unsuitable, possibly embarrassing, and certainly, to say the least, unpredictable. At times like Americans this, you really still want to need your friends, right? give their While I connew leader sider myself a the benefit friend of Amerof the doubt. ica, there are more than a few Italians now friends of Mr. know better. Trump in Italy, many of them newfound. No other country in the European Union, according to the Pew Research Center, is so passionate about Mr. Trump, and the last week has seen an outpouring of affection for the incoming American leader. Is that really surprising? The plaudits in the news media, and on social media, betray a disagreeable longing for authoritarianism, a Mussolini-style nostalgia for a macho leader who’s always right, and a yearning for the (verbal) stick to be taken to anyone who dares criticize the boss. In other words, Berlusconism is alive and well in Italy, even when it means looking abroad for a strongman. On one level, I can’t help but feel like turnabout is fair play. During the Berlusconi years, Italy was Europe’s laughingstock, and the Americans, among others, took us to task with comments that ranged from patronizing to outraged. Now it’s our turn. The United States and others explained to us that they’d never ever elect a man who treated women like sex toys. A 70-year-old who worried more about his hair than about world issues. A politician who confused his private business with affairs of state. A person who treated the truth as optional. And let’s be honest: Next to Mr. Trump, our former prime minister, Mr. Berlusconi, looks like Winston Churchill. At least he didn’t insult his neighbors, mock foreign powers, snub NATO

BY ERIC LIPTON AND SUSANNE CRAIG

RUTH FREMSON/THE NEW YORK TIMES

Donald Trump Jr., right, and Eric Trump, center, at Trump Tower in New York. Plans are for them, and sister Ivanka Trump, to run their father’s business while he is in the White House.

Vast, pristine and endangered LAKE BAIKAL, RUSSIA

Russia’s Lake Baikal, called the world’s cleanest, is invaded by toxic algae BY RACHEL NUWER

Yury Azhichakov set out early by bike for Senogda Bay, his favorite beach, on the northwestern shore of Lake Baikal in Siberia. The world’s oldest, deepest and most voluminous lake, Baikal holds 20 percent of the planet’s unfrozen freshwater. It is often described as the world’s cleanest lake. As Mr. Azhichakov discovered, that is no longer the case. Senogda’s once-pristine sands were buried under thick mats of reeking greenish-black goo. “This stuff stretched far into the distance, for several kilometers,” said Mr. Azhichakov, 61, a retired ecological engineer. “The beach was in terrible condition.” The muck, scientists have discovered, follows mass algal blooms at dozens of sites around Lake Baikal’s 1,240-mile perimeter. Confined to shallow water and

shores near towns and villages, the problem seems to stem from an influx of untreated sewage — the result of inadequate wastewater treatment. Algal blooms threaten iconic freshwater bodies around the world, including the Great Lakes, Lake Geneva, and Lake Biwa in Japan. But Lake Baikal is especially precious: a World Heritage site that is home to more than 3,700 species, more than half found nowhere else. “People are dumping sewage, waste and rubbish around the lake, creating pretty appalling conditions in some places,” said Anson MacKay, an environmental scientist at University College London. Runoff from fertilizers and other pollutants leads to so-called eutrophication, an excessive growth of algae. These blooms eventually deplete the water of oxygen, suffocating aquatic plants and animals. Russian scientists had assumed that Lake Baikal is simply too vast to suffer such a fate, but recent growth in tourism and development seem to be changing the calculus. “We have a saying in Russia: A clever person is trained on the mistakes of others,” said Oleg Timoshkin, a biologist at

The New York Times International Edition SEVERGNINI, PAGE 17

Just a few blocks down Pennsylvania Avenue from the White House sits the Trump International Hotel, one of the newest luxury additions to Presidentelect Donald J. Trump’s real estate empire, and perhaps the most visible symbol of the ethical quandary he now confronts. The Trump International is in the Old Post Office Building, which is owned by the federal government. That means Mr. Trump will be appointing the head of the General Services Administration, which manages the property, while his children will be running a hotel that has tens of millions of dollars in ties with the agency. He also will oversee the National Labor Relations Board while it decides union disputes involving any of his hotels. A week before the election, the board ruled against one of Mr. Trump’s hotels in a case in Las Vegas. The layers of potential conflicts he faces are in many ways as complex as his far-flung business empire, adding a heightened degree of difficulty for Mr. Trump — one of the wealthiest men to ever occupy the White House — in separating his official duties from his private business affairs. Further complicating matters are Mr. Trump’s decision to name his children to his transition team, and what is likely to be their informal advisory role in his administration. His daughter Ivanka Trump joined an official transition meeting on Thursday, the day before Gov. Chris Christie of New Jersey was removed from his post leading the effort. Mr. Trump has said he will eliminate ethical concerns by turning the management of his company over to his children, an arrangement he has referred to as a blind trust. But ethics lawyers — both Republicans and Democrats — say it is far from blind because he would TRUMP, PAGE 6 MEXICO ANXIOUS AFTER U.S. VOTE

RACHEL NUWER

Thick mats of reeking goo on a beach at Lake Baikal in Russia. Algal blooms caused by pollution, dams planned by Mongolia, and climate change are all causes for concern.

the Russian Academy of Science’s Limnological Institute in Irkutsk, 40 miles from Baikal’s southwestern shore. “Unfortunately, we’re now repeating the mistakes of so many other countries.” Dr. Timoshkin and his colleagues

have found that Spirogyra, a type of green algae that had rarely grown in Lake Baikal’s shallow zones, accounts for the outbreaks. In Severobaikalsk, Mr. Azhichakov’s LAKE BAIKAL, PAGE 2

There is a deep worry, most immediately about the possibility of mass deportations of Mexicans. PAGE 5 REFUGEES DISCOVER 2 AMERICAS

Is the country seen in the election full of hate, or is it one that still welcomes strangers? PAGE 5 FUROR OVER PICK OF HARD-RIGHT ADVISER

Critics see Stephen Bannon, chosen as the White House chief strategist, as a voice of racism. PAGE 6

Making sanitary pads affordable in India FROM THE MAGAZINE

BY YUDHIJIT BHATTACHARJEE

Arunachalam Muruganantham had seen the mysterious bloodstained rags before, left discreetly in a corner of his family’s thatched outdoor bathroom. As a teenager growing up in a village near Coimbatore in southern India, he found them unsettling and at times tried to avoid the bathroom, preferring the open fields instead. He finally deduced that the rags were left by his sisters, but what they used them for remained unclear until he noticed Shanthi, his wife, hiding one from him. He was in his mid-30s then, and newly married, when Shanthi explained that women menstruate, and that most of them — at least in the developing world — use rags to absorb the blood that accompanies the beginning of each menstrual cycle. Shanthi knew there were things called sanitary pads — or napkins, as they are sometimes referred to in India. She was aware that they were more hy-

The New York Times International Edition is a sophisticated and comprehensive daily report OLIVIA ARTHUR/MAGNUM, FOR THE NEW YORK TIMES

Arunachalam Muruganantham and his wife, Shanthi. He reverse-engineered the making of sanitary pads, starting a health care revolution in India and other developing nations.

for opinion leaders and business decision makers

gienic and convenient, meant to be thrown away after each use. Why didn’t she just use pads, Muruganantham asked. “If your sisters and I start buying them,” Shanthi answered, “we will have to cut down the family’s food budget.” Muruganantham, a stocky man with a pencil-thin mustache, decided to buy Shanthi a pack of sanitary pads as a gift. At the pharmacy, the shopkeeper brought out the item, then wrapped it quickly to keep it hidden from the other customers. “He handed it to me as if it were a smuggled product,” Muruganantham, now 52, told me. The pack of eight cost him 20 rupees in 1998 — about 50 cents, or three days’ worth of groceries. At home, before he gave the present to his wife, Muruganantham tore open one of the pads. As a kid, he had always been driven by an extraordinary curiosity to find out how things worked; he would compulsively dismantle any new thing he could lay his hands on — toys, bicycles, radios. Muruganantham expected to see something interesting inside the pad, but the innards seemed to be nothPADS, PAGE 4

around the world. The mission of the New York Times International Edition is to enhance the global community Circulation: 214,775 by creating, collecting and distributing high-quality news and entertainment. Its readers have levels of

Geographic distribution: Europe, Asia, Pacific, Middle East, N. Africa, Americas

income and investments that can hardly be described

Readership: 421,373

as average; much like the newspaper they enjoy reading, these levels reflect their highly mobile and affluent status. New York Times International Edition readers are

Male / Female ratio: 76% Male / 24% Female Average household income: $367,700

people whose tastes tend toward the deluxe, leading

Median age: 55

active and upscale lifestyles.

Number of listings per page: Up to 35 9

SPECIAL REPORT THE LATEST ASSET ALLOCATION ADVICE

PENTA

March 28, 2016

TRUSTED ADVICE FOR FAMILIES WITH ASSETS OF $5 MILLION OR MORE

LOVELY HOMES, HIGHER PRICES Luxury second-home prices are up 11% in the 20 best resorts across the nation. Our advice on where to find good value. This yearâ&#x20AC;&#x2122;s top-ranked spot: Austin, Texas.

VISIT US ON THE WEB BARRONS.COM/PENTA

Mercedes Maybach: Well-Priced Elegance Page 18

The Smart Way to Pay Estimated Taxes Page 38

The New Gstaad: Ski and Be Seen Page 14

Penta_covpg1_0316 [PU].indd 1

2/23/16 11:22 AM

Barronâ&#x20AC;&#x2122;s Penta PA R

Majest AD condo ic view IS E IS L AN 1,100 on the s of the Atla room. sf, 1 BR, ocean side ntic Oce D, BA an WEB: Resort 2 full bath of the Reef from this HA M 21842. amenit s tow 18t ies, and

Written with Barronâ&#x20AC;&#x2122;s wit & often contrarian

Dami a slee Pric er h floo AS + 1 242anos Sot e upon rental poo per sofaat Atlantis r CO . .376.1 hebyâ&#x20AC;&#x2122;s request. l. No pro in the livin LisselanU N Nick.D per Int 841 fishing Estate,T Y C | SIR ernation amianoty taxes. g som (circa 10,750 O R baham al Re s@SIR.c e hom 200 acre one mile) sf, historicK , I om as.comalty e of Hen s. Up and Iris R E ry For to 315 golf cou h ChĂ˘teauL A N Irelan d. Ma acres ava rse. Off D with gical ered private +353 d Sotheb PR OV gard ilable in for sale ens. 1 677 yâ&#x20AC;&#x2122;s Amany ID â&#x201A;Ź4,5 total. Anc on 7101 Intern 00,0 own ara VillEN CI AL 00. estral | sot ational ES , includiprivate resoa 8. An hebysr Realty and ng rest rt. Ow AmanyaraTU RK ealty.c more. aurant ner S Vill om Nin

perspective, Penta provides the affluent with advice on

a.Siege Design

how to navigate the world of wealth management, how

& a and s enjoy bar, acc is like

Turks nthaler ed by beach ess to having IC OS club, amenit your +1 649 & Caico @sotheJean Michel CH ies, .231.0 s Sot bysrealty.c Gathy.serenity spa Stately A N $7,9 om 707 hebyâ&#x20AC;&#x2122;s 00,0 private Mediter D L E | tur Intern 00 US. 6 BR, lake comranean stylR , A ksand ation caicos al Re scale 7.5 bath munity e hom R I Z SIR.co alty pines in its grea s in a 7,20 . Traditi e situated O N A m 0+ sf onal and in lush Russ and palm t room; fram floor , plan elegant prestigio +1 480Lyon Sots. $2,500,0 ed by pan . Ent , hom us, .266.0 hebyâ&#x20AC;&#x2122;s 00. Frank oram ertain on e offers Aaz ic view a 240 Int s of lakegrand | Oa ernation ami. , kwoo al dHills Realty Resid ence.c om

Tim R AD eles Com s ligh IS E t and VA LL and pletely rem brig arch enhanc itect odeled ht Georgia EY, Cou ementsMark Can and upg n FrenchAR IZ ntry rad dela by arch O

Russ Club. John Sch ria Des ed in 201 itec NA +1 480Lyon Sot$4,800,000. ultz. Clo ign. Add 2 by GMture. PA .266.0 hebyâ&#x20AC;&#x2122;s Frank se to Par itional Hunt New R AD Aaz er con adise 2015 Int 240 IS E welcom stru Valley | Ro ernationami. hand ing stonction inflVA LL adrun al uen e EY, nerRe Realty finishincarved woo accented ced by sidenc Tus AR d 4 car g. Ent erta beams, courtyard, can cou IZ O e.com are just Russ garage and ining and ntry wro NA few of ught iron style villa +1 480Lyon Sot RV parkin open floo I SL .266.0 hebyâ&#x20AC;&#x2122;s g. $2,1 r planthe custom doors, , One-o A M 50,0 . Bea Int 240 6+ acref-a-kin O R | PV ernation00. Frank ch pool, s, offe d private A D A spa, spa reside Aaz al ring nce.coRealty ami. . and acabana, ten a ma bay fron , m

$13,500rare dee nis/voll in resident estate in O R I

p wat eyb the Flo D A ce, Ocean ,000. Les er boa all cou 2 gue rts, boa st cott rida Key +1 305 Sotheb lie.Leop t basin with M ages, s NE pool, on Priv A R .712.8 yâ&#x20AC;&#x2122;s Int old@sothe jettyt house, staff AT H 435 EasW YO ate for larg ern 888 bys offi with estate e boa ces, O | Oc ational realty.com located t 52nd RK, ts. pool 190â&#x20AC;&#x2122; of deein the â&#x20AC;&#x153;Sp N , eanSIR Realty breatht high at Street. Thi with ort Fish F L O N caretake .com spa pwater doc WEB: aking the top s priv E W ate pan $12,900 râ&#x20AC;&#x2122;s qua, tennis cou kag ing Cap R I D Sotheb00110781. oramicof this acc full-flo YO R rters. rt, guee, 8 BR, 13ital of the A or Tow K Ocean ,000. Kim Perfect st Wo bath East yâ&#x20AC;&#x2122;s Int $18,500city and laimed coo er +1 305 Sotheb .Thaler for thehouse and s, chefâ&#x20AC;&#x2122;s rldâ&#x20AC;? +1 212Side Ma ernation ,000. Nikriver view perativeDuplex is NE .712.8 yâ&#x20AC;&#x2122;s Int @sothebysfishing captain kitchen with .606.7 nhattan al Re ki Field. s. Stun W YO â&#x20AC;&#x2122;s or , ern 888 real afic alty nin 669 Bro | Oc ational ty.com ionado. 7+ bath g rive RK, | sot kerage eanSIR Realty con r and grill. hebysh Amazindo with bridge viewN E W .com state-of omes.c a mas g s YO R om/ny Sotheb-the-art amenities sive terrenhance this ace feat c huge K East yâ&#x20AC;&#x2122;s Int gym. WE include poo urin 5 +1 212Side Ma ernationB: 001108 l, basketb g a hot BR, N E .606.7 nhattan al Re 11. $11,900 all, squ tub and 36 Gra W YO 772 Bro alty ,000 ash and bath mercy RK, . C. Tau | sot kerage Par resi k den Luxurio East hebysh b. N ce Gramer us livin has bee Condo. E W omes.c n Thi om/ny Sotheb cy Park. g is enhancthoughtful s sophistYO R c East yâ&#x20AC;&#x2122;s Int WEB: 001 ed by the ly designeicated 3 K +1 212Side Ma ernation 10838. $7,0breathta d & ren BR, 3.5 NE NE .606.7 nhattan al Re 50,0 king viewovated. Perfect W YO 00. H. 150 EasW YO 674 of Bro alty 52nd ly positio R Horiguc | sot kerage this 6 t 69th K, N over floor, this ned high hi. Street.R K , hebysh room, room hom the city N 2 Imp above E W 001108 omes.c sky BR, 2.5 east andwindow e has erial HouE W om/ny Sotheb12. $5,0 line and bath aptColumbusYO R YO R ed kitc 3 BR, se. Sotheb west. WE across boasts Circle K hen oversiz In trip c East yâ&#x20AC;&#x2122;s Int00,000. Sere to incr on East yâ&#x20AC;&#x2122;s Int B: 001108plus terr ed livin le mint K con g roo +1 212Side Ma ernation na Boa the Hudsonedibly opethe +1 212Side Ma ernation 02. $4,2ace w/ ama m, din dition, NE .606.7 nhattan al Re rdman and River. n view ing .606.7 nhattan al Re 50,000. zing view Beautif W YO 611/77 Bro alty Eva J. WEB: s Phyllis 745 s sou Brokeralty ully Mohr. resi 36 | kerage R pro B. Stoc th, | sot den sotheb Midtow ce loca portion K , N k. hebyshage yshom Kevin n Ma ted at the ed, south-fE W omes.c nha es.com om/ny SothebB. Brown ttan. WECenturionacing spliYO R /nyc K c East yâ&#x20AC;&#x2122;s Int and Nik B: 001108Condomt 2 BR, 2.5 ÂŠ MM bath XVI +1 212Side Ma ernationki Field. 21. $3,0 inium in OR tradema Sothebyâ&#x20AC;&#x2122;s nh 00,0 .606.7 attan al Re MadroCA S 00. rk licen Internat 748/76 Bro alty iona sed to portfol neagle IS L AN l Real Soth 69 | kerage ty 7,303 io of 42.8Estate. Env D, ebyâ&#x20AC;&#x2122;s sotheb InternatAffiliates Moorinsf main 6 acres iable sou WAS iona LLC. a yshom l Real Real g buo estate, worand half thwest H IN ty Affil ogy Com es.com y. Ma exp mil iates droneakshop plus e of Eas osure GT ON Realo /nyc LLC. pany. All gle.com a 2,94 t Sou land An Equ Righ +1 206gics Sot SA al Opp ts Reserved . $11 8 sf guend waterfr .448.5 hebyâ&#x20AC;&#x2122;s ortunity ,988 FridayN JU AN . 1306 ,000 st house. ont. Intern West 752 Com Har . acres Michae bor Esta IS LA Bloo pany | RS ati msb . Equ l For 11,686in a sheltere te. Unp ND IR.comonal Re al Hou ury, used d. sing aralleled , WA alty sustaini sf main d bay Opp with perm

to make savvy acquisitions ranging from vintage watches to second homes, and how to smartly manage family

dynamics. Now in glossy format, every quarterly Penta will also feature an article on high-end real estate.

ortunity.

with

resi

land

com

National print circulation:â&#x20AC;&#x201A; 307,702 Average household net worth, print subscribers:â&#x20AC;&#x201A; $4,416,000 Average value principal residence, print subscribers:â&#x20AC;&#x201A; $1,170,000 Average value seasonal/second residence print subscribers:â&#x20AC;&#x201A; $1,091,000 Number of properties per page:â&#x20AC;&#x201A; 16

ng.

SH IN

issio FridayHdence of 100+ ft por Each n. Soth ebyâ&#x20AC;&#x2122;s Office arbo unparal deep wattfolio of Realo rEstate.c leled 38.7 is Inde Internat er iona +1 206gics Sot pend om. $16 quality yacht slip.2 fenced l Real ently tyÂŽ .448.5 hebyâ&#x20AC;&#x2122;s Own ,800,000& selfed and is a regis Int 752 . Mic Operate tered | RS ernation hael d. For IR. al

Realty

GT ON d.

$(%

!!'

!& )#

% #(

%!&

)#% $

( "

Luxury Properties Established in 2004, LP-Luxury Properties has positioned itself as the premier publication for international luxury real estate in Asia and beyond. LP, offered bilingually in English and Chinese, is the preferred luxury magazine choice for investors looking to purchase outstanding properties in the Asia-Pacific region and worldwide. In addition to a comprehensive portfolio of luxury listings, each issue features sought-after communities, emerging luxury markets, news and analysis, design trends and other advice for high-end buyers. With a quarterly distribution of over 100,000 copies to select newsstands, marinas and private jet facilities, as well as private subscriptions and direct mail distribution to the wealthiest individuals in Asia, LP offers realtors and luxury brands a highly-targeted platform from which to reach an Asian-based audience of affluent individuals. Geographic distribution: Asia Circulation: 146,000 Male / Female ratio: 65% / 35% Number of listings per page: 45 Number of listings per page: 4

Ocean Home Magazine Published bi-monthly, Ocean Home puts the luxurious lifestyle of oceanfront living into the palms of their readers’ hands. From high-end developments in the Caribbean to private beachfront estates in Malibu, California; Palm Beach, Fort Lauderdale, and Miami Florida; Newport, Rhode Island; Nantucket, Massachusetts; Coastal Maine and everyplace in

Readership: 216,000

of the world’s wealthiest real estate investors, but also

Geographic breakdown: United States coastal areas, Canada, Caribbean

the best travel destinations, the top designs for ocean

Average age: 51

homes, and interviews the key players in the next

Male / Female ratio: 49% / 51%

between, Ocean Home not only unveils the dream homes

generation of luxury oceanfront living. The Sotheby’s International Realty exclusive cooperative advertising ®

insertion will run in an engaging gatefold advertising

Distribution: 80,000

Average household income: $2.9 million Net Worth: $9.6 million

unit, in conjunction with the “On the Market” section,

Primary Residence value: $4.9 million

which runs in the first quarter of the magazine.

Number of listings per page: 12

November 2016

Volume 25 / Issue 5

The ETF Matrix

Misadventures in Africa

It’s a Family Thing

The Bond Benchmark

Distilling the world’s hottest investment vehicle into a single chart p 64

Bob Diamond says his sub-Saharan second act isn’t five-minute rice p 88

As hedge funds reel, family offices are quietly attracting talent p 94

Optimize your portfolio with the new Bloomberg Barclays Indices p 28

B LOOMB ERG M A R K E T S

Bloomberg Markets Bloomberg Markets is the highly-read magazine of the “Global Financial Elite,” serving 96% of Bloomberg Terminal subscribers including banks, brokerages, hedge funds, government agencies and other arms of the financial industry. Readers are ultra-affluent and The Journal of Global Finance

influential; they take the lead in decision-making and are among the first to buy new products or services. Market readers are AT THIS MOMENT

TIME STOOD STILL MALLORCA, SPAIN 08:00 HOURS

professional global citizens who live the ultimate luxury lifestyle driven by their discerning tastes and exclusive experiences.

Mallorca, Spain Property ID: 4KX7KS

sothebysrealty.com

© MMXVI Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC.

Our cooperative

advertisement is an impactful, two page - full color insert reaching over 75,000 international hedge fund and finance professionals. VOLUM E 25 / IS SUE 5

Circulation: 75,488 Geographic distribution: Global Male / Female ratio: 78% / 22%

Beyond Flash Boys IEX’s Brad Katsuyama on his exchange finally crossing the starting line p 72

Average household income: $408,426 Median age: 45 Number of listings per page: 12

cover_05-dom_clean.indd 1

10/6/16 5:06 P

Boston Magazine For more than 40 years, Boston Magazine’s experienced writers, editors and designers have captured all sides of the city with awardSOTHEBYSREALTY.COM

b O S TON , M AS S Ac H u SE T T S

MIDDLETON, MASSAcHuSET T S

Spanning 40’ overlooking Charles River is a second floor Triplex! Interior designer Bunny Williams collaborated to create this 3 BR plus office with high ceilings and large private deck. 4 garage tandem parking. $9,995,000. Beth Dickerson.

Be the first to live in this spectacular 25th floor corner residence at the new luxurious Millennium Tower. Sunrise and sunset views from floor to ceiling windows. 24/7 concierge, doorman, private gym, 75’ lap pool, one valet garage space and more. $2,225,000. Daria McLean.

Impeccably designed home on 4 acres at the end of a cul-de-sac. 5 BR, 5.1 baths, 7,662 sf. Double bridal staircase. Chef’s kitchen. First floor master suite. Sun room. Radiant heat throughout. Expansive patio, outdoor fireplace, sport court. $2,500,000. Anthony Bruno.

Gibson Sotheby’s International Realty +1 617.510.8565 | gibsonsothebysrealty.com

Gibson Sotheby’s International Realty +1 617.312.1700 | gibsonsothebysrealty.com

Gibson Sotheby’s International Realty +1 781.710.4544 | gibsonsothebysrealty.com

MIDDLETON, MASSAcHuSET T S WEST WO OD, MASSAcHuSET T S P ORT L A N D, M A I N E

Custom-built villa located in Smith Crossing, one of the most desirable neighborhoods on Boston’s North Shore. 5 BR, 5.2 baths, 3 fireplaces, 8,600 sf. Set on over 2 acres. French doors, coffered ceilings, library, exercise room. $1,990,000. Anthony Bruno.

314 Grove Street. Completely renovated sun-drenched home with 5 BR, 3 full and 2 half baths, 5 fireplaces and over 2.5 acres of land. 5 minutes off highway. $2,399,900. Tammy DeWolfe.

Meticulously renovated Victorian Farmhouse on the highly sought-after Eastern Prom sits proudly on a corner lot adorned with English gardens, stone walls, brick walkways, and sweeping views of Casco Bay. $1,695,000. Linda MacDonald.

Gibson Sotheby’s International Realty +1 781.710.4544 | gibsonsothebysrealty.com

Gibson Sotheby’s International Realty +1 781.248.1534 | gibsonsothebysrealty.com

Legacy Properties Sotheby’s International Realty +1 207.749.1215 | beautifulMaineHome.com

YA R M O u T H , M A I N E

T I V E RTON , R H ODE I SL A N D HA R b Ou R I SL A N D, bA HA M AS

Exquisite Maine estate commanding the point of a 16-acre Peninsula in exclusive Littlejohn Shores. Masterfully constructed with the finest materials including 6 fireplaces and 2 master suites. Dock access. $3,885,000. Linda MacDonald.

“Joie de Vivre” Stunning custom contemporary on almost 4 acres near Tiverton Four Corners in Fogland Beach neighborhood. Designer builder, passive solar orientation, gourmet kitchen, and floor-to-ceiling windows overlooking gardens. $949,000.

Legacy Properties Sotheby’s International Realty +1 207.749.1215 | beautifulMaineHome.com

Gustave White Sotheby’s International Realty +1 401.849.3000 | gustavewhite.com

NAS S Au, bA HA M AS

Cable Beach. Superb ocean views, beachfront 3 BR, 3.5 bath, 2,373 sf condo on Cable Beach. Zero-entry pool, fitness center, tennis courts and onsite management. Gated community on 405’ of white sand beach. WEB: EMVE4H. $1,580,000 US. Samira.Coleby@sir.com

Damianos Sotheby’s International Realty +1 242.376.6248 | SIRbahamas.com

K E Y L A RG O, F L OR I DA

Gorgeous 3 BR, 4 bath home with office located in Ocean Reef with beautiful lake front views. Open floor plan features soaring ceilings, impact windows, outside kitchen, and patios for enjoying panoramic sunsets. $3,099,000. Marcy.Altman@sothebysrealty.com

Russell Post Sotheby’s International Realty +1 305.367.3131 | RussellPostSIR.com

Hilltop Estates home nestled amongst lush foliage with panoramic views of the ocean and harbour. This 3 BR house plus 1 BR guest cottage sits on a 1/2 acre lot. Pool. Short walk to the beach. WEB: 9BFNBH. $4,250,000 US. James.Malcolm@SIR.com

Damianos Sotheby’s International Realty +1 242.376.9858 | SIRbahamas.com

K E Y L A RG O, F L OR I DA

Beautiful canal front condominium at Ocean Reef offering 3 BR, 3 baths, updated kitchen, wood floors, and gorgeous vistas and ocean breezes from the extended living area. Complete with 29’ deep water dockage. $2,290,000. Russell.Post@sothebysrealty.com

Russell Post Sotheby’s International Realty +1 305.367.2027 | RussellPostSIR.com

© MMXVI Sotheby’s International Realty Affiliates LLC. a Realogy Company. All Rights Reserved. Landscape at Le Pouldu, used with permission. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated.

winning and insightful writing and groundbreaking reporting and design. The expository features, narratives, profiles and investigative features tell the half-million monthly readers how the city works, while the unsurpassed, sophisticated service journalism

helps them get the most out of it. The publication reports which towns and neighborhoods are the most desirable, which schools and workplaces are at the top, which doctors are first rate and which restaurants, stores and services are the Best of Boston®. Monthly circulation: 92,854 Readership: 639,671 Average net worth: $1,200,000 Average household income: $221,000 (median) Average value of primary residence: $495,000 Home owners: 88% Number of listings per page: 12 14

Robb Report Robb Report is the global voice in real luxury. Widely regarded as the single most influential journal of living life to the fullest, Robb Report covers the newest in what matters most to its discerning and sophisticated audience. Fueling the lifestyle of the most active consumers, connecting luxury brands to a preeminent audience of worth and distributing to remarkable consumers is at the forefront of Robb Report's mission. Circulation: 102,132 Source: AAM Publishers Statement 6.16. Average Age: 42 Male / Female Ratio: 79/21 Average household income: $386,000 Average HNW: $2,600,000 Number of properties per page: 12

HOME SECTION 6

06.11.2016

P R O P E RT Y SUPPLEMENT OF THE YEAR

The Sunday Times of London

The Sunday Times is one of the largest-selling British national Sunday newspapers. Established over 200

years ago, The Sunday Times is one S O T H E B Y S R E A L T Y. C O M

of the most trusted commercial T I P P E R A RY, I R E L A N D

Delightful lake front late Georgian country home on the periphery of Puckane village. Well presented with 3,670 sf or 350 sq m of accommodation within the house and including a private lake. Offered on some 17.5 acres or 7.5 ha. €1,250,000. David Ashmore. david.ashmore@sothebysrealty.ie

Ireland Sotheby’s International Realty +353 (0)1 905.9790 | sothebysrealty.com

K I L DA R E , I R E L A N D

An elegant Victorian style house comprising some 5,705 sf or 540 sq m of accommodation and pleasantly positioned within the quaint village of Kilkea. Generous grounds of 1.77 acres or 0.7 ha. Built c 2006 to a high specification. €950,000. David Ashmore. david.ashmore@sothebysrealty.ie

Ireland Sotheby’s International Realty +353 (0)1 905.9790 | sothebysrealty.com

news brands in the United Kingdom and continues to lead the market with quality journalism. HOME is

LY F OR D C AY, BA HA M AS

Newly built, British Colonial style 6,800 sf 5 BR, 5.5 bath home offers expansive golf course views. Dramatic great room with 18’ vaulted ceiling. Furnished by renowned designer Amanda Lindroth. Life is less taxing offshore. MLS: 77941. $5,650,000 US. Nick.Damianos@SothebysRealty.com

Lyford Cay Sotheby’s International Realty +1 242.376.1841 | SIRbahamas.com

B E T H E SDA , M A RY L A N D

Perhaps the finest example of architecture, setting and workmanship in the DC area, this extraordinary masterpiece represents the combined talents of award winning architect Glenn Fong and nationally recognized interior designer Barry Dixon. $18,000,000. Marc Fleisher.

TTR Sotheby’s International Realty +1 240.235.0181 | TTRSIR.com

the pre-eminent, award-winning national property supplement of The

N E W YOR K , N E W YOR K

Breathtaking views in all directions from this pristine 2 BR, 2 bath apartment. Enjoy the finest Central Park and City Skyline views, all the way to the George Washington Bridge. WEB: 00110800. $7,500,000. Robin L. Rothman. robin.rothman@sothebyshomes.com

Sotheby’s International Realty East Side Manhattan Brokerage +1 212.606.7751 | sothebyshomes.com/nyc

N E W YOR K , N E W YOR K

Enjoy fabulous panoramic views from this 3 BR, 3 bath Condo, surrounded by historic landmarked buildings and an expansive layout that provides a seamless flow for comfortable entertaining. WEB: 00111130. $3,850,000. Leslie S. Modell. leslies.modell@sothebyshomes.com

Sotheby’s International Realty East Side Manhattan Brokerage +1 212.606.7668 | sothebyshomes.com/nyc

© MMXVI Sotheby’s International Realty Affiliates LLC. a Realogy Company. All Rights Reserved. Old Elm at Medfield, used with permission. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated.

Sunday Times; advertisers, including estate agents, developers, retailers,

architects and designers, use HOME to drive enquiries

WILDE IN THE

to their teams and help readers to make the best decision on how to spend their money. Circulation: 772,614

COUNTRY

Geographic distribution: UK Readership: 2,055,000

Poldark’s Male / Female ratio: 55% / 45%Gabriella

Wilde on why settling down in Somerset has put her on a career fast track p14

Read by UK business elite: 54%

age: T H E T R U M P B UAverage MP W H Y49 T H E H O U S I N G M A R K E T W O N ’ T R E C O V E R U N T Number I L 2 0 1of8listings C A Bper I Npage: P O 6RorN9: T H E £ 1 4 0 , 0 0 0 S H A C K THE BEST RUGS AND GUEST BEDS BRING ON THE CACTI

TOPPS OF THE TREE

WS W NE VIE E RE INSID

Move

14.08.2016 SECTION 4

The man behind a stunning revamp at Lismore Castle gardens p6

The Ireland Edition of The Sunday Times of London

’BATTER RECIPE Tiny Dublin home with the right ingredients for first-timers p4

CLARE KEOGH

Now an established and widely-read section in The Sunday Times, Move Residential Property Supplement has differentiated itself from the property supplements of competing Irish newspapers. Move opens up property coverage to new audiences by producing a section that is informative, interesting, topical and honest in its reporting. From “Four to View,” to “Millionaires’ Row” and “Bargain,” each week The Ireland Edition painstakingly chooses properties that are worth viewing. Editions feature interviews with home owners to garner more information into the properties they are selling or have renovated. Advertisers include estate agents, developers and retailers who advertise with Move to drive inquiries to their teams, promote their brand and help readers make informed decisions on available services and products. Circulation: 77,395

WELL ABOVE PAR Geographic distribution: Republic of Ireland Readership: 359,000

Golfers and gardeners alike will relishFemale the challenge Lisselan’s Male/ ratio: of 50% / 50% nine-hole course and magnificent grounds, while the 10-bedroom mansion with its imposing corner tower offers scope to create a modern Cork AverageCo age: 50masterpiece, writes Linda Daly

espitebeinginhisnineties, with failing health, Charles Orr Stanley would dress for dinner each evening at Lisselan Estate, in Clonakilty, in Co Cork. It was the 1980s, and the entrepreneur, who had lived in the French château-style house for six decades, would don a velvet cravat, suit and cufflinks before his meal. If he was going to dine in a 10-bedroom mansion, he felt he should dress for the occasion. Stanley died in 1989, but it’s a memory that stays with Lisselan’s

teur golfing competitions. The entire Lisselan estate came on the market in 2014, at €9m. Late last year, the Blackburns took the property off the market, but have put it back on with David Ashmore, of Sotheby’s International Realty. They are asking €4.5m for the house on 200 acres, though up to 315 acres are available, which include farmland and the ruins of carmaker Henry Ford’s ancestral home. The main house, which was built in about 1852, was commissioned by William Bence-Jones, a solicitor and landowner. The imposing structure is

to the house’s proportions. However, it

imagination to spot the The basement level of the Number of listings per page: 6 won’t orpotential. 9take much property has a large games room with an outsized curved sash window. New owners could create a modern kitchen/ lounge here by knocking down lowerfloor bedrooms to fashion an open-plan space with a terrace to the side garden. “French doors opening to the garden would be beautiful,” says Lane. One part of the property that needs no work — except maintenance — is the gardens. Filled with manicured lawns, flower beds, pathways, woodland

Kingdom Kingdom is America’s leading luxury golf lifestyle media brand. Their network comprises the leading figures and organizations in golf SOTHEBYSREALTY.COM

OL D F ORT bAY, bA HA M AS

Designed to take advantage of the beach and sea views at every opportunity. With 5 BR and 6 baths plus a media room all situated on an acre lot offering 150’ of sandy beachfront. WEB: 79301. $12,900,000 US. Mark.Hussey@SIR.com & Samira.Coleby@SIR.com

Old Fort bay Sotheby’s International Realty +1 242.424.9193 / 242.376.6248 | SIRbahamas.com

FORT L AuDERDALE, FLORIDA

Estate on Las Olas Isles. Elegant Mediterranean Estate, 1 lot from point; 184’ dock. Recently renovated. 6 BR, 7.5 baths; Guest house w/ separate entry. Stunning master suite upstairs boasts amazing view from balcony. Heated pool. $7,150,000. Albert Niels. albert.niels@sothebysrealty.com

ONE Sotheby’s International Realty +1 954.918.9975 | estatelasolas.com

OL D F ORT bAY, bA HA M AS

Troutopia which is situated in the exclusive gated community of Old Fort Bay on Charlotte Island is an exquisite canal front property boasting 200’ of prime canal frontage with 164’ of dock space for large boats. WEB: 27414. $6,950,000 uS. Mark.Hussey@SIR.com

Old Fort bay Sotheby’s International Realty +1 242.424.9193 | SIRbahamas.com

PAR ADISE VALLEY, ARIZONA

The Ultimate Salcito custom home. This spectacular hillside property is located within the highly sought after guard gated community of La Place Du Sommet. Built in office, library, media room, exercise room, gourmet kitchen and 4 car garage. $3,000,000. Frank Aazami.

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | LaPlaceDuSommetViews.com

SENNEVILLE, QuÉbEc, cANADA

This magnificent 7.6 acre waterfront estate overlooks the lake of Two Mountains. Offering tennis court, pool, English gardens, log cabin, deep water harbor, guest and nanny’s quarters plus amazing sunsets. Possibility of subdividing. $4,995,000 CAD. Cassandra Aurora.

Sotheby’s International Realty Québec +1 514.293.2277 | sothebysrealty.ca

NANTucKET, MASSAcHuSET TS

Entirely unique waterfront compound with 300 degree views on 7 acres. Private stairs to beach. 11 BR, pool, tennis, garage, entertainment pavilion with commercial kitchen, 3500 bottle wine cellar/tasting room. $32,750,000. Gary Winn, Craig Hawkins and Bernadette Meyer.

Maury People Sotheby’s International Realty +1 508.228.1881 | maurypeople.com

c HA N DL E R , A R I Z ONA

2 lots - 3.5 acres. Stately Mediterranean style home situated in lush, prestigious, private lake community. 6 BR, 7.5 baths in a 7,200+ sf floor plan. Private balconies offer inspiring views. Guest house, lush lawns, rose gardens, Koi ponds, waterfall and diving pool. $2,345,000. Frank Aazami.

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | OakwoodHillsResidence.com

S c OT T SDA L E , A R I Z ONA

Majestically behind Canyon Heights Gates, extremely secured, high above the rest, just under 5 acres, overlooking city lights, close-up and distant mountain views. Contemporary construction, open floor plan and detached 1 BR guest home. $4,500,000. Frank Aazami.

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | ScottsdaleExclusive.com

PAR ADISE VALLEY, ARIZONA

Truly magnificent, this 6 BR Mediterranean estate offers fine finishes, superb craftsmanship framed by Mummy Mountain views. Master suite enjoys sitting room, dressing area and custom closets. Grecian pool/spa, tiered patios and fountains. $3,500,000. Frank Aazami.

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | RidgeviewResidence.com

cOLD SPRING HARbOR, NEW YORK

"Belvedere." Built on a bluff for the summer breezes, spectacular sunsets & Sound views. The home offers 9 BR, 8.5 baths. A separate 2 BR caretaker's cottage is above a 3-car garage. Masterpiece listing. SD #2. MLS: 2805521. $5,700,000. Kathryn (Cottie) Maxwell Pournaras.

Daniel Gale Sotheby’s International Realty +1 516.857.3011 | danielgale.com

FOuNTAIN HILLS, ARIZONA

Interior Designer's personal residence, built on a choice (view) lot; extensively upgraded, customized and well-maintained by the original owners. Quality built-ins, elevator, home generator. Simply extraordinary. Easy to preview, by appointment only. $2,500,000. Frank Aazami.

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | FirerockResidence.com

NANTucKET, MASSAcHuSET TS

Entirely unique waterfront compound with 300 degree views on 7 acres. Private stairs to beach. 11 BR, pool, tennis, garage, entertainment pavilion with commercial kitchen, 3,500 bottle wine cellar/tasting room. $32,750,000. Gary Winn, Craig Hawkins and Bernadette Meyer.

Maury People Sotheby’s International Realty +1 508.228.1881 | maurypeople.com

S c OT T SDA L E , A R I Z ONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | ScottsdaleExclusive.com

cHARLOT TESVILLE, VIRGINIA

Perfectly located, near Keswick Hall, this fully furnished, turn-key home flows effortlessly from one room to the next with high, beamed and coffered ceilings, gorgeous fireplaces. Wonderful outdoor spaces. $4,395,000. info@frankhardy.com

Frank Hardy Sotheby’s International Realty +1 434.296.0134 | frankhardy.com

PAR ADISE VALLEY, ARIZONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | RidgeviewResidence.com

LOuISA c OuNT Y, VIRGINIA

The Gardner Farm: Proximity to several international airports and Mid-Atlantic cities. A retreat of 1,563 acres with all the privacy & bucolic tranquility rural Virginia can offer. Over 3.8 miles of pvt river frontage, 30-acre lake. $7,500,000. Murdoch Matheson. mmatheson@frankhardy.com

Frank Hardy Sotheby’s International Realty +1 434.981.7439 | frankhardy.com

© MMXVI Sotheby’s International Realty Affiliates LLC. a Realogy Company. All Rights Reserved. Barges, used with permission. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated.

OL D F ORT bAY, bA HA M AS

Old Fort bay Sotheby’s International Realty +1 242.424.9193 / 242.376.6248 | SIRbahamas.com

FORT L AuDERDALE, FLORIDA

ONE Sotheby’s International Realty +1 954.918.9975 | estatelasolas.com

OL D F ORT bAY, bA HA M AS

Old Fort bay Sotheby’s International Realty +1 242.424.9193 | SIRbahamas.com

PAR ADISE VALLEY, ARIZONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | LaPlaceDuSommetViews.com

SENNEVILLE, QuÉbEc, cANADA

Sotheby’s International Realty Québec +1 514.293.2277 | sothebysrealty.ca

NANTucKET, MASSAcHuSET TS

Maury People Sotheby’s International Realty +1 508.228.1881 | maurypeople.com

c HA N DL E R , A R I Z ONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | OakwoodHillsResidence.com

S c OT T SDA L E , A R I Z ONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | ScottsdaleExclusive.com

PAR ADISE VALLEY, ARIZONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | RidgeviewResidence.com

cOLD SPRING HARbOR, NEW YORK

Daniel Gale Sotheby’s International Realty +1 516.857.3011 | danielgale.com

FOuNTAIN HILLS, ARIZONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | FirerockResidence.com

NANTucKET, MASSAcHuSET TS

Maury People Sotheby’s International Realty +1 508.228.1881 | maurypeople.com

S c OT T SDA L E , A R I Z ONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | ScottsdaleExclusive.com

cHARLOT TESVILLE, VIRGINIA

Frank Hardy Sotheby’s International Realty +1 434.296.0134 | frankhardy.com

PAR ADISE VALLEY, ARIZONA

Russ Lyon Sotheby’s International Realty +1 480.266.0240 | RidgeviewResidence.com

LOuISA c OuNT Y, VIRGINIA

and the highest level of clubs and luxury resorts. With direct access to members and an accompanying online presence,

Frank Hardy Sotheby’s International Realty +1 434.981.7439 | frankhardy.com

Kingdom provides

advertisers and marketing partners with a unique opportunity to reach America’s wealthiest and most powerful demographic - and in an authentic, enduring and luxurious manner.

TPC Signature The PGA Tour’s Tournament Players Club (TPC) Network comprises 35 of the greatest tournament venues in America, including such storied clubs as TPC Sawgrass and TPC Scottsdale. While the idea of pitching at Yankee Stadium or serving on Wimbledon’s Centre Court are far-fetched dreams for baseball and tennis fans, golf fans can literally walk in the footsteps of their heroes at TPC venues, courtesy of the PGA Tour. Celebrating this fact and befitting the network’s elite status, TPC private members, playing guests and visitors

Circulation: 265,000 Kingdom & TPC Signature combined

now receive TPC Signature, a special edition of Kingdom

Median age: 44

selected by the PGA TOUR as its publication of choice. TPC Signature has the same production standards and luxury golf lifestyle content as Kingdom, but it also comes

Male/Female ratio: 80/20 Average Club Joining fee: $41,000+

with a TPC-specific front cover and 16 pages of original

Median household Asset Value: $2,053,400

TPC-dedicated editorial.

Number of listings per page: 16

VOLUME 06 EDITION 02 2016

WINGED WONDERS

THE BEST-IN-CLASS G280

DIVERSIONS SHANGHAI

SOTHEBYSREALTY.COM

SE v E R NA PA R K , M A RY L A N D B O STON , M AS S AC H U SE T T S

Incredible waterfront estate on the Severn River constructed w/ the finest materials. Main house plus guest suite with 13,300 interior sf, pool, dock and amazing entertaining space. Stunning views from every angle. $6,950,000. Jonathan Taylor. jtaylor@ttrsir.com

TTR Sotheby’s International Realty +1 202.333.1212 | ttrsir.com

Stunning home at the Four Season’s residences. Unit features an open floor plan ideal for entertaining. Spacious and sunny, this corner 2 BR, 2 bath has been renovated with luxurious finishes. $3,295,000. Michael L. Carucci.

Gibson Sotheby’s International Realty +1 617.901.7600 | gibsonsothebysrealty.com

MIDDLETON, MASSACHUSET T S DE E R L OD G E , M ON TA NA

Custom-built villa constructed in 2007. This one of a kind home is located in Smith Crossing, one of the most desirable neighborhoods on Boston’s North Shore. 5 BR, 5.2 baths and 3 fireplaces set on over 2 acres. $1,990,000. Anthony Bruno.

Gibson Sotheby’s International Realty +1 781.710.4544 | gibsonsothebysrealty.com

L A K E TA H OE , N E vA DA

Zephyr Cove 378’ sandy beach, pier, hoist, 2 buoys on 31 acres. Custom 16,703 sf home with 8 en-suite BR, theater, gym. Guest home & caretakers home, 15 stall heated stables with paddocks & lakeside meadow. Price upon request. Lexi Cerretti & Dan Spano.

Sierra Sotheby’s International Realty +1 775.833.1646 | SierraSunsetTahoe.com

N E W YOR K , N E W YOR K

3 BR apt in pre-war co-op on a significant townhouse block just off Park Ave & close to Central Park. All major rooms of the 8-room apt face south. WEB: 00110352. $3,395,000. Mary C. Kent.

Sotheby’s International Realty East Side Manhattan Brokerage +1 212.606.7705 | sothebyshomes.com/nyc

7,100 sf, lodge offers 5 BR and 7 baths. Highest quality artisan craftsmanship throughout, amazing golf and mountain views. Located in the exclusive/private Rock Creek Cattle Company. $3,900,000. Dawn Maddux.

Glacier Sotheby’s International Realty +1 406.550.4131 | glaciersir.com

N E W YOR K , N E W YOR K

Located off Park Avenue, this 22’ wide neo-Georgian townhouse features 9,000± sf, 6+ BR, 6 fplcs, rooftop terrace & brick walled trellised garden. WEB: 00110605. $22,000,000. Louise C. Beit.

Sotheby’s International Realty East Side Manhattan Brokerage +1 212.606.7703 | sothebyshomes.com/nyc

LEXINGTON, MASSACHUSET T S

Opportunity to acquire this private 10,000 sf estate resting within a cul-de-sac in Lexington’s top neighborhood. This 6 BR, 5 full baths, 3 half baths, 4 fireplace oasis sits on 1.5 acres of mature grounds. $3,900,000. Michael L. Carucci.

Gibson Sotheby’s International Realty +1 617.901.7600 | gibsonsothebysrealty.com

F L AT H E A D L A K E , M ON TA NA

Montana’s Shelter Island Estate rests on 22+ private island acres in the middle of Flathead Lake. This 5 BR, 8 bath estate is a comfortable 22,000 sf with over 4,800’ of private, secluded lakefront access. $39,000,000. Dawn Maddux.

Glacier Sotheby’s International Realty +1 406.550.4131 | glaciersir.com

N E W YOR K , N E W YOR K

Superbly located on Fifth Avenue’s Gold Coast at 67th St, this 5 BR apt has 41’ on Central Park with views of the park and midtown Manhattan. WEB: 00110746. $10,950,000. Louise C. Beit.

Sotheby’s International Realty East Side Manhattan Brokerage +1 212.606.7703 | sothebyshomes.com/nyc

ORC AS I SL A N D, WASH I NG TON SAN JUAN ISL AND, WASHINGTON

Madroneagle Estate. Enviable southwest exposure land portfolio of 42.86 acres and half mile of East Sound waterfront. 7,303 sf main estate, workshop plus a 2,948 sf guest house. Mooring buoy. Madroneagle.com. $11,988,000. Michael Ford.

Realogics Sotheby’s International Realty +1 206.448.5752 | RSIR.com

Friday Harbor Estate. Unparalleled land portfolio of 38.72 fenced acres in a sheltered bay with 100+ ft deep water yacht slip. 11,686 sf main residence of unparalleled quality & self-sustaining. FridayHarborEstate.com. $16,800,000. Michael Ford.

Realogics Sotheby’s International Realty +1 206.448.5752 | RSIR.com

© MMXVI Sotheby’s International Realty Affiliates LLC. a Realogy Company. All Rights Reserved. Regatta at Argenteuil, used with permission. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated.

Nonstop by Gulfstream The circulation of Nonstop represents the premier demographic of any magazine – leaders of the world’s top companies and wealthy individuals whose net worth typically ranges from $250 million to $10 billion plus. The most compelling aspect of advertising in Nonstop is undeniably the audience. Nonstop is delivered to the most affluent and private mailing list in the world, along with distributing each issue to the top Fixed Base Operators (FBOs,) worldwide events and other venues that attract the ultra-high-net-worth audience advertisers seek. The 49,250-printed circulation covers 151 countries including Brazil, Russia, India, China and the Middle East, reflecting the changing world economy and the emergence of a powerful new class of millionaires

Global circulation: 49,250 Circulation includes: Ultrahigh-Net-Worth Individuals ·· Forbes Billionaires ·· Forbes 400 Richest Americans ·· 150 Rich Lists C-Level Executives at Top Companies Worldwide ·· ·· ·· ··

Fortune 500/Fortune 1,000 Global 1,000 Forbes 2,000 S&P 500

Average age: 50+

and billionaires. An added value includes a Chinese

Male/Female: 70/30

language version.

Number of listings per page: 12 21

Sotheby’s Magazine | Art & Home This stunning large-format magazine enriches readers with sophisticated content related to the the worlds of art, luxury lifestyle and real estate. Sotheby’s Magazine | Art & Home includes editorial features that showcase Sotheby’s International Realty® Listings and also includes a property gallery providing advertising opportunities. This magazine publishes with two covers: auction clients receive this content with the Sotheby’s Magazine cover, while Sotheby’s International Realty affiliates receive copies with the Art & Home cover for distribution in offices. Distribution: 40,000 Minimum ··

Direct mail to high-value auction clients who transact in art, jewels, watches, wine and automobiles

··

Distribution at high-profile auction events in New York, London, Paris, Los Angeles, Hong Kong and beyond

··

Distribution to all 70 Sotheby’s auction house offices internationally Distribution to all SIR offices internationally

/C OL

··

LE CT OR | TH E CE LE BR

Number of listings per page: 1, 2 or 4 2-4 page advertorials available

AT ED JA EG ER -L EC OU LT RE RE VE RS O WAT CH

NO VE M BE

R 20 16 LO RD & LA DY AT TE NB

OR OU GH

â&#x20AC;&#x2122;S PI CA SS OS

| BOW I

DAVID B

ECTOR

ON, COLL

ARTIST, IC

INSIDE CHATSWORTH HOUSE TOP COLLECTORS SHARE THEIR STORIES HAMILTON ON BROADWAY AND AT AUCTION

Sotheby’s Preferred Sotheby’s Preferred is an enhanced edition of Sotheby’s Magazine | Art & Home, reserved for the highestspending, global clients of Sotheby’s. Each issue includes editorial features from Sotheby’s Magazine | Art & Home, and also showcases the most valuable art, jewels and collectibles being sold on the international auction market. It also includes a gallery of exclusive Sotheby’s International Realty® listings. Distribution: 12,000 ··

Direct mail to premier auction clients who transact in all categories

··

Direct mail to premier RM Sotheby’s clients (classic car collectors)

STILL MAKING A SPLASH

DAVID HOCKNEY ··

Distribution to all 70 Sotheby’s auction house offices internationally

Number of listings per page: 1, 2 or 4 2-4 page advertorials available

DECEMBER 2016–JANUARY 2017

RESIDE® Magazine RESIDE magazine is the celebration of home, art and living. Each issue combines rich lifestyle editorial while showcasing extraordinary listings only represented by the Sotheby’s International Realty® network. RESIDE is published as highly targeted regional editions, providing readers with exclusive relevant content, while

Defined Distribution ··

profile media channels including The Wall Street

allowing you to geographically target the advertising for

Journal inserts, as well as through advertiser

your listing.

distribution. Additional local distribution channels are also evaluated for each edition.

Inside RESIDE Each issue features up to 10 pages of luxury lifestyle and real estate editorial including a region specifi c article.

Regional Editions are distributed through high-

··

All editions are published as a digital magazine viewable on PC and portable devices for even further distribution.

Each edition features an exclusive gallery of listings

For information or to request an edition covering your region, contact:

represented by the Sotheby’s International Realty network.

reside@sothebysrealty.com | +1.727.741.4141

Digital Property Digital Property Advertising Program Advertising Program The Digital Property Advertising Program allows brokers and agents to place advertising and upgrade property listings on high profile websites at discounted rates. Engage consumers around the globe or in your own marketplace through effective geo-targeted impressions. In addition, utilize the turn-key banner development program to create custom advertisements that incorporate the Sothebyâ&#x20AC;&#x2122;s International RealtyÂŽ brand templates.

Name and Location of Property Price #Beds #Baths

1 Million Impressions

Prime Websites | Guaranteed Click-Throughs | Very Low CPM 1,000,000 Impressions

$1,999 per month

1,000 Guaranteed Click-Throughs

500,000 Impressions

$1,250 per month

500 Guaranteed Click-Throughs

250,000 Impressions

$875 per month

250 Guaranteed Click-Throughs

3 months minimum purchase. One time Banner generation fee (21 banners are needed for this program) $300 All banners click-through to the website of your choice.

Digital Property Advertising Program The Digital Property Advertising Program allows brokers and agents to place advertising and upgrade property listings on high profile websites at discounted rates. Engage consumers around the globe or in your own marketplace through effective geo-targeted impressions. In addition, utilize the turn-key banner development program to create custom advertisements that incorporate the Sothebyâ&#x20AC;&#x2122;s International RealtyÂŽ brand templates.

New Media

Lifestyle Media

Real Estate Portal

Great Homes and Destinations Display banner ad in the Real Estate Property Search section of NYTimes.com (300x250 banner above the fold). $575usd per 100,000 impressions per month in ANY chosen market, region, or state (3 month minimum purchase).

The Wall Street Journal Online Featured Property Upgrades WSJ.com Featured Property Upgrades are an inexpensive tool to get your properties placed at the top of WSJ.com search results pages in up to three cities or towns of your choice. Each property upgrade appears for one month. The property you wish to feature comes directly from your brand’s WSJ.com feed and click-throughs go to the website of your choice. Multiple properties can be featured and WSJ.com will rotate featured properties to appear equally. The window to redeem Property Upgrades is valid for one year after purchase. 10 properties: $1,110 25 properties: $1,950 100 properties: $5,265

PropGOLuxury.com Specializes in Chinese, Hong Kong, & Southeast Asian Markets $ 575 usd / month Display Ads on the Real Estate Property section of PropGOLuxury. Impression based selections Large Centre Banner Location: Homepage Size: 678 x 279 px Impression: 25,000 Large Square Banner Location: Run on site Size: 350 x 250 px Impression: 100,000 Additional Services Client e-book creation Single Featured Listing $550 usd (Normal price $1,100 usd) Multiple Listing Book - Up to 10 Listings $750 usd (Normal price $1,500 usd)

Name and Location of Property Price #Beds #Baths

Spotlight Banner

Featured Listing

Your banner prominently displayed on top of all Listing

Your listing displayed first in search results. Featured

Search Results in your select city or area.

listings are also larger and generate up to 8x more leads

Size: 848 x 300 px

than standard listings. Professional translation from

50% SOV

100% SOV

English to Chinese also included.

1 month

$600

$800

1 month

$400

3 months (5% off )

$570

$760

3 months(5% off)

$380

6 months (10% off ) $540

$720

6 months (10% off) $360 Both Spotlight And Featured Listing

50% SOV

100% SOV

1 month

$950

$1,140

3 months (5% off)

$855

$1,026

6 months (10% off) $720

$864

Robb Report Encompassing All Aspects of Fine Living Robb Report recognizes that their affluent audience uses multiple channels to communicate. Today, Robb Report’s content, influence, and reach can be found across platforms: print, digital, tablet and events. Real Estate Media Bar Drive click-thru rates and receive qualified response with effective digital advertising on the Real Estate Channel of RobbReport.com. Placement on the Real Estate Media Bar provides outstanding visibility and click-thru for high impact awareness. ·· Limited Space Note: No branding or copy outside of Safe Zoneavailable: only 10 properties per month are permitted ·· Above average CTR ·· Can click directly to provided URL or Landing Page (built by RobbReport.com) ·· Property is live within 24-48 hours of receiving materials. ·· $885 usd per 30 days ($1,725 open rate) 34

Robb

SOTHEBY’S DIGITAL OPPORTUNITIES Sotheby’s Collaboration New Digital Advertising Opportunities 36

Sotheby’s Selects Newsletters ·· Weekly Newsletter (52 Weeks) ·· 200,000 Global Recipients ·· 22% Open Rate $1500 per ad 37

Regional Digital Newsletters Italy : 4 x a year / 3,150 recipients France: 10 x a year / 11,000 recipients Netherlands: 4 x a year / 2,800 recipients Germany: 4x a year / 3,600 recipients Belgium (French & Dutch): 4 x a year / 3500 recipients Middle East /N. America: 4 x a year / 1600 recipients Austria: Coming Soon India: Coming Soon $700 per insertion

sothebys.com Location / Consultant Pages ·· Opportunity for Banner Advertisements

Advertising prices based on page visits $700 - $2,500 a month Hong Kong : $1,500 usd

Zurich: $700 usd

Geneva: $1,000 usd

New York: $2,500 usd

Milan: $1,000 usd

London: $1,500 usd

Paris: $1,000 usd

$700 a month Asia & Pacific: 13 Markets

Middle East & N. Africa: 4 Markets

Europe: 30 Markets

North America: 12 Markets

Latin America: 6 Markets

UK & Ireland: 7 Markets

S O T H E B Y ’ S I N T E R N AT I O N A L R E A LT Y ®

2017 PROPERTY ADVERTISING SCHEDULE The Sotheby’s International Realty Property Advertising Program leverages high profile global media partners and offers targeted print and digital advertising opportunities.

Publication

Ad Date*

Affiliate Deadline

Color

# Properties per ad

Sotheby’s Art & Home - Full Page ads receive a FREE Landing Page banner on Sothebys.com for one month. February/March

Monday, December 5, 2016

4 Spots per Page

April

Wednesday, February 1, 2017

4 Spots per Page

May/June

Wednesday, March 1, 2017

4 Spots per Page

July/August

Tuesday, May 2, 2017

4 Spots per Page

September

Tuesday, June 27, 2017

4 Spots per Page

October

Tuesday, August 1, 2017

4 Spots per Page

November

Friday, September 1, 2017

4 Spots per Page

December/January 2018

Monday, September 25, 2017

4 Spots per Page

February/March

Monday, December 5, 2016

4 Spots per Page

April

Wednesday, February 1, 2017

4 Spots per Page

May/June

Wednesday, March 1, 2017

4 Spots per Page

July/August

Tuesday, May 2, 2017

4 Spots per Page

September

Tuesday, June 27, 2017

4 Spots per Page

October

Tuesday, August 1, 2017

4 Spots per Page

November December/January 2018

Friday, September 1, 2017 Monday, September 25, 2017

4C 4C

4 Spots per Page 4 Spots per Page

Friday, February 3, 2017

Friday, January 20, 2017

Friday, March 10, 2017

Friday, February 24, 2017

Friday, April 7, 2017

Thursday, March 30, 2017

Friday, May 5, 2017

Friday, April 21, 2017

Friday, June 2, 2017

Friday, May 19, 2017

Friday, July 14, 2017

Friday, June 30, 2017

Friday, August 11, 2017

Friday, July 28, 2017

Friday, September 15, 2017

Wednesday, August 30, 2017

Friday, October 13, 2017

Friday, September 29, 2017

Friday, November 10, 2017

Friday, October 27, 2017

Sunday, February 12, 2017

Friday, January 13, 2017

B&W

25-30

Friday, March 3, 2017

Friday, February 10, 2017

B&W

25-30

Sunday, March 26, 2017

Wednesday, February 22, 2017

B&W

25-30

Friday, April 21, 2017

Friday, April 7, 2017

B&W

25-30

Friday, May 19, 2017

Friday, May 5, 2017

B&W

25-30

Friday, June 16, 2017

Friday, June 2, 2017

B&W

25-30

Friday, July 21, 2017

Friday, July 7, 2017

B&W

25-30

Friday, August 18, 2017

Friday, August 4, 2017

B&W

25-30

Friday, September 22, 2017

Friday, September 8, 2017

B&W

25-30

Friday, October 20, 2017

Friday, September 29, 2017

B&W

25-30

Sunday, November 12, 2017

Friday, October 13, 2017

B&W

25-30

Saturday, January 21, 2017

Friday, January 6, 2017

20-24

Saturday, February 18, 2017

Wednesday, February 1, 2017

20-24

Saturday, March 18, 2017

Wednesday, March 1, 2017

20-24

Saturday, April 29, 2017

Wednesday, April 12, 2017

20-24

Saturday, May 20, 2017

Wednesday, May 3, 2017

20-24

Saturday, June 17, 2017

Wednesday, May 31, 2017

20-24

Saturday, September 30, 2017

Wednesday, September 13, 2017

20-24

Saturday, October 28, 2017

Wednesday, October 11, 2017

20-24

Saturday, November 25, 2017

Wednesday, November 8, 2017

20-24

Sotheby’s Preferred

Wall Street Journal Global

New York Times Main News Section WEALTH Special Section YOUR MONEY Special Section

WEALTH Special Section

Financial Times

New York Times International Edition Wraps New York Couture Show

Saturday, February 11, 2017

Friday, January 13, 2017

Cannes Film Festival

Friday, May 19, 2017

Thursday, April 20, 2017

Wimbledon Tennis

Friday, July 14, 2017

Friday, June 16, 2017

Friday, September 29, 2017

Friday, August 25, 2017

Wednesday, December 6, 2017

Wednesday, November 8, 2017

Monaco Yacht Show

Dubai Film Festival

Publication

Ad Date*

Affiliate Deadline

Color

# Properties per ad

Saturday, March 4, 2017

Friday, February 17, 2017

B&W

Maximum 30 Spots

Saturday, April 8, 2017

Friday, March 31, 2017

B&W

Maximum 30 Spots

Saturday, June 3, 2017

Wednesday, May 24, 2017

B&W

Maximum 30 Spots

Saturday, August 5, 2017

Friday, July 21, 2017

B&W

Maximum 30 Spots

Saturday, September 2, 2017 Saturday, November 4, 2017

Friday, August 18, 2017 Friday, October 20, 2017

B&W B&W

Maximum 30 Spots Maximum 30 Spots

Monday, March 27, 2017

Friday, January 13, 2017

Monday, June 19, 2017

Friday, April 7, 2017

Monday, September 25, 2017

Friday, July 14, 2017

Monday, December 18, 2017

Friday, October 13, 2017

April/May/June

Wednesday, February 15, 2017

4 Spots per Page

July/August/September

Wednesday, May 17, 2017

4 Spots per Page

October/November/December

Wednesday, August 16, 2017

4 Spots per Page

January/February/March 2018

Wednesday, November 15, 2017

4 Spots per Page

February/March

Mondat, December 5, 2017

April/May

Wednesday, January 11, 2017

June/July

Wednesday, March 15, 2017

August/September

Wednesday, May 10, 2017

October/November

Wednesday, July 12, 2017

December 2017/January 2018

Wednesday, September 20, 2017

February/March

Wednesday, December 14, 2016

April/May

Friday, February 24, 2017

June/July

Friday, April 28, 2017

August/September

Friday, June 30, 2017

October/November

Friday, August 18, 2017

December 2017/January 2018

Friday, October 6, 2017

January

Monday, November 28, 2016

February

Monday, December 19, 2016

March

Monday, January 23, 2017

April

Tuesday, February 21, 2017

May

Monday, March 20, 2017

June

Monday, April 24, 2017

July

Monday, May 22, 2017

August

Monday, June 19, 2017

September

Monday, July 24, 2017

October

Monday, August 21, 2017

November

Monday, September 25, 2017

December

Monday, October 23, 2017

January '18

Monday, November 20, 2017

February '18

Monday, December 18, 2017

Sunday, January 29, 2017

Friday, January 13, 2017

6 spots per quarter Page

Sunday, February 12, 2017

Friday, January 27, 2017

6 spots per quarter Page

Sunday, March 19, 2017

Friday, March 3, 2017

6 spots per quarter Page

Sunday, April 23, 2017

Friday, April 7, 2017

6 spots per quarter Page

Sunday, May 21, 2017

Friday, May 5, 2017

6 spots per quarter Page

Sunday, June 18, 2017

Friday, June 2, 2017

6 spots per quarter Page

Sunday, September 17, 2017

Friday, September 1, 2017

6 spots per quarter Page

Sunday, October 15, 2017

Friday, September 29, 2017

6 spots per quarter Page

Sunday, November 12, 2017

Friday, October 27, 2017

6 spots per quarter Page

New York Times International Edition

Barronâ&#x20AC;&#x2122;s Penta

Luxury Properties

Ocean Home

Bloomberg Markets

Boston Magazine

The Sunday Times of London

Publication

Ad Date*

Affiliate Deadline

Color

# Properties per ad

March

Friday, January 6, 2017

May

Friday, February 24, 2017

June

Friday, March 24, 2017

September

Friday, June 23, 2017

November

Friday, August 25, 2017

January 2018

Friday, October 27, 2017

March/April/May

Wednesday, January 18, 2017

June/July/August

Wednesday, April 12, 2017

September/October/November

Wednesday, July 12, 2017

December 2017/January 2018/February 2018

Wednesday, October 18, 2017

Spring - April 2017

Monday, January 30, 2017

Fall - October 2017

Monday, July 24, 2017

Robb Report

Kingdom - Bonus Circulation TPC Signature Magazine

NonStop Gulfstream (Gulfstream Jet Owners)

Sotheby’s Magazine Advertorial Pages - Sotheby’s Magazine/ Art & Home / Sotheby’s Preferred 2 Pg or 4 Pg Advertorial Feature Story

February/March

Monday, December 5, 2016

April

Wednesday, January 18, 2017

May/June

Saturday, February 18, 2017

July/August

Tuesday, April 18, 2017

September

Tuesday, June 13, 2017

October

Tuesday, July 18, 2017

November

Tuesday, August 22, 2017

December/January 2018

Thursday, September 14, 2017

For space reservations contact Sky Advertising: SIRads@skyad.com | +1 212.677. 2713

**Dates subject to change. Some Affiliates outside the United States might be subject to a higher non subsidized rate.

S O T H E B Y ’ S I N T E R N AT I O N A L R E A LT Y ®

2017 PROPERTY ADVERTISING DIGITAL SCHEDULE Digital Program

Program Frequency

Deadline

Impressions Guaranteed Click-thrus* - One time $300 banner generation fee 1,000,000 impressions 500,000 impressions 250,000 impressions

NYTimes.com Banners*

Monthly

15th of each month

PropGoLuxury.com Banners*

Monthly

15th of each month

Monthly

Any Day

Monthly

15th of each month

Hong Kong

Monthly

1st of each month

Geneva

Monthly

1st of each month

London

Monthly

1st of each month

Milan

Monthly

1st of each month

New York

Monthly

1st of each month

Paris

Monthly

1st of each month

Zurich

Monthly

1st of each month

Asia & Pacific (13 Markets)

Monthly

1st of each month

Europe (30 Markets)

Monthly

1st of each month

Latin America (6 Markets)

Monthly

1st of each month

Middle East & North Africa (4 Markets)

Monthly

1st of each month

North America (12 Markets)

Monthly

1st of each month

United Kingdom & Ireland (7 Markets)

Monthly

1st of each month

Weekly

1st and 15th of each month

WSJ.com Featured Property Upgrades 10 Property Upgrades 25 Property Upgrades 100 Property Upgrades

RobbReport.com Real Estate Media Bar* Sothebys.com Sothebys.com Auction Location Pages*

Sothebys.com Representatives and Consultants Pages*

Sotheby’s Selects E-Newsletter

For space reservations contact Sky Advertising: SIRads@skyad.com | +1 212.677. 2713

**Minimum 3 month commitment based on an annual contract cancellable with 30 day notice.

COVER PROPERTY LOCATED IN VIRGINIA, USA

© MMXVII Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated.