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Wealth

November 1, 2008

Bill Fischer promises to get his famous clients whatever they want, whenever they want it. Margie Goldsmith meets the man who refuses to take “no” for an answer ...

It's two days before Christmas and you'd kill to spend the holiday in the trendiest hotel in St Barts, but it's been sold out for over a year. You're in Manhattan, salivating to have dinner at a hip Union Square Café, but it's booked solid for the next two months. You forgot all about your anniversary, and you'd do anything to charter a private yacht on one week's notice, but nothing's available.

November 1, 2008

Amit Bhatia is one of a growing number who are investing in their own sports team. However, Lakshmi Mittal’s son-in-law explains why it’s not about money to Marc Smith

While many wealthy individuals are happy to leave their lifestyle investments at the latest sports car or superyacht, some prefer to pour their money into what is rapidly becoming the ultimate status symbol – buying a sports team.

From George Steinbrenner's purchase of baseball's New York Yankees to Mukesh Ambani's Mumbai Indians cricket team, the world of sport is awash with billionaires hoping to create an intoxicating but often elusive mixture of profit and sporting success.

November 1, 2008

The intricate and imaginative designs of a fourth-generation Mumbai-based jeweller are becoming increasingly sought after the world over, writes Claire Adler

Most people, even those who adore luxury, have never even heard of Viren Bhagat. But at a Christie's auction in 2006 in New York, an elaborate pair of earrings from the hands of this 50-year-old Indian contemporary jewellery designer were estimated at $150,000 to $200,000. They ultimately fetched a cool $307,000.

October 16, 2008

Test driving the new Jaguar XKR is a tough job, but someone has to do it. Antje Doel spent a day roaring up and down Italy's Amalfi coast road to put family-owned Tata's latest acquisition through its paces

Since Jaguar and Land Rover were acquired from Ford by fellow family-owned company Tata Motors earlier this year, new life has been breathed into these  traditional British car brands.

Tata Motors, which bought the pair for $2.3billion, is India's leading car manufacturer and has come a long way since starting out in 1945 as Tata Engineering and Locomotive Co Ltd. Today, it is part of the Tata and Sons Group, founded by Jamshetji Tata and J Baker.

October 15, 2008

Caroline Neville is a woman credited with inventing fashion PR more than 45 years ago. Today her son and daughter are leading the charge in continuing the growth of the company she founded writes Claire Adler

There can't be many family businesses whose office dog has appeared in a fashion shoot on the pages of Glamour magazine. Or where the office manager is the founding family's re-trained childhood nanny.

Neville McCarthy Associates' current and former client list encompasses the worlds of lifestyle, luxury, beauty, wellbeing and food and drink.

October 6, 2008

New York offers the best of classical music, opera, and ballet in the US writes Bruce Love. So it’s little wonder that patronage in the Big Apple has become the elite’s favourite pastime

When the New York Philharmonic revealed its schedule for this year's Asian tour, writes Bruce Love, one date in particular caused worldwide diplomatic debate: Pyongyang.

The appearance marked the largest contingent of Americans to set foot in the totalitarian country since the Korean War and included musicians, journalists, and patrons who paid $100,000 per couple to make the trip.

October 6, 2008

Private family offices are increasingly being called upon to manage tangible personal property and art collecting has come to be viewed as a legitimate asset diversification strategy.

Private family offices are increasingly being called upon to manage tangible personal property and art collecting has come to be viewed as a legitimate asset diversification strategy writes Suzy Peterfriend Ross. Certain categories, contemporary art in particular, are currently outperforming other more traditional investment options.

October 6, 2008

Today’s watch collectors range from Wall Street hedgies to European royalty. So just how easy is it to start a collection?

At a Christie's watch auction in Geneva recently, writes Claire Adler, a young boy in the back row, aged around 14, raised his paddle. He was accompanied by a woman who appeared to be his mother.

The auctioneer at the sale – Christie's head of watches, Aurel Bacs – could not make out the bidder clearly, but assumed the mother had instructed her son to bid on her behalf. It later turned out that the boy was buying a watch from his own savings.

October 6, 2008

How do you navigate the choppy waters of the superyacht industry? Laurent Perignon gives you the inside track on finding the best yacht for you

Superyachts are more expensive than a piece of jewelry and most pieces of art or real estate writes Laurent Perignon, but the subject of costs and how the luxury yacht industry operates has long been kept a secret – a virtually taboo subject to discuss.

More often than not, even for those in the know, the industry is like a lifestyle seen from the distance, like a yacht on the horizon. Yet it is changing, and here are some of the keys to understanding how it works.

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