AVENUE January 2015

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JANUARY 2015

the palm beach issue

INSIDE THE COCONUTS:

THE Palm Beach New Year’s Party

BRIDGET AND BILL KOCH

Master Class

AVENUEAVENUE

on founding Oxbridge Academy

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BSP Job #: RIVA-138 Avenue_sprd_JAN Client: RIVA Description: RIVA Ad Size: 16.25" x 10.875" Spread Bleed .25" Color: 4c Material: PDFMech: 1 Date: December 18, 2014 4:58 PM Mech Person: GU PUB: Avenue Magazine

The one in Fort Lauderdale they’re all talking about.

Riva is the new riverfront condo that every agent who sells luxury has at the top of their list. And every buyer who wants to live on the water has squarely in their sights.

With over $55 million in sales, Riva is already the most successful new prestige address in town. And with exceptionally large 2 and 3 bedroom models from $700,000 to over $3 million, it has the answer for everyone who wants to live right on the water. And above it.

Visit our waterfront sales gallery just north of Sunrise, across the river from Galleria and the park. Entrance drive at 1180 N. Federal Hwy. 954.233.3288 riva-condo.com.

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

PREmiER DEVEloPERS

La Dolce Vita Where the River Meets the Park.

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BSP Job #: RIVA-138 Avenue_sprd_JAN Client: RIVA Description: RIVA Ad Size: 16.25" x 10.875" Spread Bleed .25" Color: 4c Material: PDFMech: 1 Date: December 18, 2014 4:58 PM Mech Person: GU PUB: Avenue Magazine

The one in Fort Lauderdale they’re all talking about.

Riva is the new riverfront condo that every agent who sells luxury has at the top of their list. And every buyer who wants to live on the water has squarely in their sights.

With over $55 million in sales, Riva is already the most successful new prestige address in town. And with exceptionally large 2 and 3 bedroom models from $700,000 to over $3 million, it has the answer for everyone who wants to live right on the water. And above it.

Visit our waterfront sales gallery just north of Sunrise, across the river from Galleria and the park. Entrance drive at 1180 N. Federal Hwy. 954.233.3288 riva-condo.com.

La Dolce Vita Where the River Meets the Park.

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

or non-binding, can be made in New York until an offering plan is fi led with the New York State Department of Law.

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

A WORLD APART.

BEACH I MARINA I TENNIS I GOLF I RESTAURANTS & BEACH CLUB I SPA & FITNESS CENTERBOUTIQUE HOTEL I DAY SCHOOL I COUNTRY MARKET I FERRY SERVICE TO & FROM THE MAINLAND

Introducing Palazzo Del Sol. 47 new waterfront condominium residences on celebratedFisher Island. A haven of privacy and exclusivity, minutes from South Beach and the cultural

attractions of Miami, with superbly curated building amenities and 6-star white-glove services.

Priced from $6.5 million to $35 million. Now under construction.On-site Sales Pavilion: 305 535 6071 [email protected] palazzodelsol.com

One Fisher Island Drive, Fisher Island, Florida 33109

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

or non-binding, can be made in New York until an offering plan is fi led with the New York State Department of Law.

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

A WORLD APART.

BEACH I MARINA I TENNIS I GOLF I RESTAURANTS & BEACH CLUB I SPA & FITNESS CENTERBOUTIQUE HOTEL I DAY SCHOOL I COUNTRY MARKET I FERRY SERVICE TO & FROM THE MAINLAND

Introducing Palazzo Del Sol. 47 new waterfront condominium residences on celebratedFisher Island. A haven of privacy and exclusivity, minutes from South Beach and the cultural

attractions of Miami, with superbly curated building amenities and 6-star white-glove services.

Priced from $6.5 million to $35 million. Now under construction.On-site Sales Pavilion: 305 535 6071 [email protected] palazzodelsol.com

One Fisher Island Drive, Fisher Island, Florida 33109

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

WELCOME TO THE PALM BEACH ISSUE.

One of the nicest aspects of my job is the opportunity to meet

some truly interesting and dynamic people. Bridget and Bill Koch

are undeniably both of the above. The day I spent with them

in Palm Beach was informative and fun. This is

a couple who live their lives to

the fullest. Not only do they have

an extraordinary collection of art

(and arguably the best collection

of American Western frontier art

in the world), an oenophile’s dream

cellar, an America’s Cup trophy (Bill

won the race in 1992), and a passel

of gorgeous and well-behaved chil-

dren, but they are also charming and

down-to-earth hosts. At the end of a

long day, they invited the entire team

to dinner, and I was lucky enough to

get to sample some of Bill’s delicious

wines. I thoroughly enjoyed my time

with them, and think that their latest

endeavor, the creation of Oxbridge

Academy, will be their most impressive

contribution yet.

Palm Beach has always been known

for its elegant parties, and none more

so than the New Year’s Eve Coconuts

Ball. Christopher Lawrence uncovers the secrets of this private

ritual, which has been going on for decades.

This month’s Cocktail on the Avenue is someone I’ve known

all my life, Lewis Lapham. His daughter, Delphina and I are the

same age, and we grew up during summers together. It was an

odd sensation to be interviewing a friend’s dad, especially since

he has long been one of my heroes, not only for his renown and

wonderful prose, but for taking a risk and inventing an interesting

and didactic print magazine that doesn’t feel like homework. In

the tradition of all great ideas, Lapham’s Quarterly is fi lling a void

we didn’t know we had.

Enjoy the issue!

Daisy Prince

Editor

L E T T E R F R O M T H E E D I T O R

DEAR READERS,

in Palm Beach was informative and fun. This is

Academy, will be their most impressive

Palm Beach has always been known

for its elegant parties, and none more

so than the New Year’s Eve Coconuts

Ball. Christopher Lawrence uncovers the secrets of this private

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

NA

VID

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RESIDENCES

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

Come Home

to tHe New

RivieRa

A collection of residences in world-class hotelsROSEWOOD | SLS LUX | GRAND HYATT

Last opportunity for pre-opening pricing starting from $1.1 [email protected] I +1.678.620.9490 I BahaMar.com

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FEATURES

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

68

54 PALM BEACH A-LISTWhom you should know now in Palm Beach.

68 MADE IN PALM BEACHBridget and Bill Koch talk to us about their lives, their famous art and wine collections and the amazing new school they have in Palm Beach. by andrea doylephotographed by navid

80 HISTORY OF THE COCONUTSAVENUE delves into the world of the uber-prestigious and exclusive Coconuts Ball in Palm Beach. Held annually on New Year’s Eve, the ball has been around since the era of F. Scott Fitzgerald.by christopher lawrence

86 YOGI READYHolly Weston shares her life as a yogi in Palm Beach.by haley friedlichphotographed by cynthia conley

VOL. 39 NO.1JANUARY 2015

90 VINTAGE HOLLYWOODA look back at Douglas Fairbanks, Jr.by gregory speck

96 PALM BEACH ROUNDTABLE Palm Beach real estate experts convene.moderated by paola iuspa

110 FINANCIAL ROUNDTABLE Our experts weigh in on the investment climate and more.moderated by haley friedlich

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

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

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

68

letters to the editorAVENUE welcomes “Letters to the Editor”Please address to: Editor Daisy Prince72 Madison Avenue, 11th FloorNew York, NY [email protected]

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

Sales by RELATED REALTY in collaboration with FORTUNE DEVELOPMENT SALES II NN TT EE RR NN AA TT IOIO NANA LLGG RR OO UU PP

FFOORRTUNTUNEE

F O RT L AU D E R DA L E ’ S O N LY N E W T RU E B E AC H F RO N T R E S I D E N C E S

aubergebeach.com 954.379.8644

An exceptional development from the team behind many of South Florida’s most desirable properties, including Jade Beach, Jade Ocean, Murano Grande, and Apogee.

With lifestyle amenities and services from the brand behind award-winning residential and resort destinations, including Esperanza, Auberge du Soleil, and Calistoga Ranch.

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AVENUE onlineFor the latest on people and parties, visit www.avenuemagazine.com Like and follow us on @AVENUEinsiderLike and follow us on Like and follow us on Like and follow us on Like and follow us on Like and follow us on

COLUMNS

32 CHRONICLESTh e most wonderful time of the year . . . for parties.by debbie bancroft

38 OBJECTS OF DESIREPalm Beach muses of two distinct styles. by haley friedlich

42 TRENDSCAPENew Year, New You!by mi mi chloe park

44 COCKTAIL ON THE AVENUEOur editor-in-chief shares a drink with noted American writer and author Lewis Lapham.by daisy prince

48 UNREAL ESTATEPalm Beach properties worthy of an investment.by michael gross

128 POSTCARDS FROM . . . Nick Papanicolaou shows us around the Greek island of Mykonos.introduction by haley friedlich

130 SOCIAL SAFARIHappening and openings in Gotham.by r. couri hay

132 WORLD ACCORDING TO . . .Hilary Geary Ross knows Palm Beach like the back of her hand, and the ubiquitous society columnist shows us around her turf.introduction by mi mi chloe park

DEPARTMENTS

15 ON THE AVENUE Winter storms don’t detract partygoers, which means more cause to celebrate; don’t forget Art Basel!by mi mi chloe park

34 ARTS CALENDARFeast the senses on auctions, exhibitions and performances in New York and Palm Beach.by mi mi chloe park

VOL. 39 NO. 1JANUARY 2015

AVENUE

COMPLIMENTARY GLASS OF CHAMPAGNE WITH A MAIN COURSE WHEN YOU

MENTION AVENUE.

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

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

Sales by RELATED REALTY in collaboration with FORTUNE DEVELOPMENT SALES

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Member of:

PRESIDENT Randi Schatz [email protected] Daisy Prince [email protected]

ART DIRECTOR/MANAGING EDITOR Jessica Ju-Hyun Lee Ho [email protected]

DEPUTY EDITOR Haley Friedlich [email protected]

ASSOCIATE EDITOR Mi Mi Chloe Park [email protected]

REAL ESTATE EDITOR Michael Gross [email protected]

FASHION DIRECTOR AT LARGE Emily Barnes

CONTRIBUTING EDITOR Christopher Lawrence

CONTRIBUTING WRITERS Debbie Bancroft ■ R. Couri Hay ■ Andrew J. Roth

HAMPTONS EDITOR Helena Gautier

CONTRIBUTING PHOTOGRAPHERS Billy Farrell ■ Patrick McMullan ■ Keith Major

ADVERTISING DESIGNER Jen Ng [email protected]

COPY EDITOR James Walsh

FACT CHECKER Andrew J. Roth

INTERN Delia Caroline Bennett

ASSOCIATE PUBLISHER Susan Feinman [email protected]

SENIOR ACCOUNT DIRECTORS Allyson Deane [email protected] ■ Eva Saleh [email protected]

CORPORATE SALES DIRECTOR Seth L. Miller

HAMPTONS SALES DIRECTOR Steven McKenna [email protected]

HAMPTONS ADVERTISING SALES REPRESENTATIVES Denise Bornschein ■ Catherine Ellams ■ Jean Lynch

■ Kathy Rae ■ Tom W. Ratcliffe III

FLORIDA REGIONAL PUBLISHERS Maria Lourdes Gallo ■ Rosemary Winters

ACCOUNT DIRECTORS, SOUTH FLORIDA & CARIBBEAN Maria Coyne [email protected]

■ Donna Falcone [email protected]

MARKETING MANAGER Kieara Nunez [email protected]

GENERAL MANAGER OF OPERATIONS Shawn Scott [email protected]

ACCOUNTS MANAGER Kathy Pollyea [email protected]

CIRCULATION MANAGERS Aaron Pollard [email protected]

Dave Caldwell [email protected]

DIRECTOR OF DIGITAL Dennis Rodriguez [email protected]

WEB DEVELOPER Harvey Richards [email protected]

| manhattan media |

CHAIRMAN OF THE BOARD Richard Burns [email protected]

EXECUTIVE VICE PRESIDENT Hilary Vartanian [email protected]

Avenue Media, LLC72 Madison Avenue, 11th Floor, New York, NY 10016

Subscriptions are $100 in U.S., $150 overseasTel: 212.268.8600 Fax: 212.268.0577E-mail: [email protected]

www.avenuemagazine.com

AVENUE

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATION OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY DEVELOPER TO A BUYER OR LESSEE. THE PROPERTIES OR INTEREST DESCRIBED HEREIN ARE NOT REGISTERED WITH THE GOVERNMENTS OF ANY STATE OUTSIDE OF THE STATE OF FLORIDA. THIS ADVERTISEMENT DOES NOT CONSTITUTE AN OFFER TO ANY RESIDENTS OF NJ, CT. HI, ID, IL, OR ANY OTHER JURISDICTION WHERE PROHIBITED, UNLESS THE PROPERTY HAS BEEN REGISTERED OR EXEMPTIONS

ARE AVAILABLE. CONRAD® IS A REGISTERED TRADEMARK OF CONRAD HOSPITALITY, LLC, AN AFFILIATE OF HILTON WORLDWIDE (“HILTON” OR THE “HOTEL COMPANY”). NEITHER HILTON NOR ANY OF ITS PARTNERS OR AFFILIATES IS IN ANY WAY PARTICIPATING IN OR ENDORSING THE OFFERING DESCRIBED IN PUBLIC DISCLOSURE DOCUMENTS AND NONE OF THEM WILL RECEIVE ANY PROCEEDS FROM THE SALE OF THE CONDOMINIUM UNITS AND THE PURCHASERS OF THE CONDOMINIUM UNITS WILL NOT RECEIVE ANY INTEREST IN HILTON OR ANY OF ITS PARTNERS OR AFFILIATES. HILTON HAS NEITHER ENDORSED NOR APPROVED THE SALE OF THE CONDOMINIUM UNITS PURSUANT TO ANY PUBLIC DISCLOSURE DOCUMENTS.

NEW ON-SITE SALES GALLERY: 551 NORTH FORT LAUDERDALE BEACH BOULEVARD, FORT LAUDERDALE, FLORIDA, USA954 749 7200 | THEOCEANFORTLAUDERDALE.COM

EXCLUSIVE SALES & MARKETING

M A N A G E D B Y

DESIGNED BY WORLD LEADING ARCHITECT MICHAEL GRAVES

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATION OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY DEVELOPER TO A BUYER OR LESSEE. THE PROPERTIES OR INTEREST DESCRIBED HEREIN ARE NOT REGISTERED WITH THE GOVERNMENTS OF ANY STATE OUTSIDE OF THE STATE OF FLORIDA. THIS ADVERTISEMENT DOES NOT CONSTITUTE AN OFFER TO ANY RESIDENTS OF NJ, CT. HI, ID, IL, OR ANY OTHER JURISDICTION WHERE PROHIBITED, UNLESS THE PROPERTY HAS BEEN REGISTERED OR EXEMPTIONS ARE

AVAILABLE. CONRAD® IS A REGISTERED TRADEMARK OF CONRAD HOSPITALITY, LLC, AN AFFILIATE OF HILTON WORLDWIDE (“HILTON” OR THE “HOTEL COMPANY”). NEITHER HILTON NOR ANY OF ITS PARTNERS OR AFFILIATES IS IN ANY WAY PARTICIPATING IN OR ENDORSING THE OFFERING DESCRIBED IN PUBLIC DISCLOSURE DOCUMENTS AND NONE OF THEM WILL RECEIVE ANY PROCEEDS FROM THE SALE OF THE CONDOMINIUM UNITS AND THE PURCHASERS OF THE CONDOMINIUM UNITS WILL NOT RECEIVE ANY INTEREST IN HILTON OR ANY OF ITS PARTNERS OR AFFILIATES. HILTON HAS NEITHER ENDORSED NOR APPROVED THE SALE OF THE CONDOMINIUM UNITS PURSUANT TO ANY PUBLIC DISCLOSURE DOCUMENTS.

O W N D I F F E R E N T .8% LEASEBACK PROGRAM

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WALDStephen P. Wald Real Estate Associates, Inc.

111 East 56th Street, New Yorkoff Park Avenue

Luxury Pre War hotel suites available. The Perfect New York Investment Studios to four bedrooms from $600s * Corporate and Foreign Buyers Welcome

ON SITE: Licensed Real Estate Broker * 212.750.WALD * WALDREALESTATE.COM

wald.indd 1 12/22/14 5:17 PM

AVENUEOn the

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photographed by Benjamin Lozovsky

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


O N T H E AV E N U E

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Annual Art Basel dinner

Aby Rosen and Samantha Boardman hosted their annual Art Basel dinner at the Dutch in Miami. Who’s who in New York � ocked down to celebrate various art acquisitions and warmer weather. A copious amount of libations were consumed, because when in Miami, one should party, should you not?

A TASTE OF DUTCH

1. Elisa Sednaoui 2. Ali Kay and Alexander von Furstenberg 3. Paris Hilton and Nicky Hilton 4. Vito Schnabel and Michael Hess 5. Samantha Boardman and Aby Rosen 6. David Edelstein and Andre Balazs 7. Pepe Fanjul and Bob Colacello 8. Maria Bell and Todd Eberle 9. Yvonne Force Villareal and George Lindemann

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

www.glenmede.com

Glenmede’s services are best suited for those with $5 million or more to invest.To learn more, please contact Steve Brandfield at 212-328-7332 or [email protected]

CLEVELAND • MORRISTOWN • NEW YORK • PHILADELPHIA • PRINCETON • WASHINGTON, DC • WILMINGTON

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Louis Vui tton wi th Design Miami

Almost 40 years since Pierre Paulin designed modular furniture pieces for Herman Miller, Louis Vuitton brings back the 1972 project to Design Miami. Guests at “Playing with Shapes” wined and dined with their cohosts, Michael Burke, chairman and CEO of Louis Vuitton, and Craig Robins.

IN ANY WAY, SHAPE OR FORM

1. Kate Hudson 2. Jesse Jo Stark, Craig Robins and Bella Hadid 3. Jérémie Laheurte 4. Derek Blasberg and Kate Young 5. Michelle Williams and Michael Burke 6. Andrea Dellal 7. Miranda Kerr 8. Laure Heriard Dubreuil and Aaron Young



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2488 Main St, P.O. BOx 1251, BridgehaM

PtOn, nY 11932. 631.537.5900 | © 2014 dOuglaS elliM

an real eState. all Material PreSented herein iS intended fOr infOrM

atiOn PurPOSeS OnlY. While, thiS infOrM

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ShOuld Be verified BY YOur OWn attOrneY, architect Or zOning exPert.

equal hOuSing OPPOrtunitY.

AskELLIMAN.COM

South of the highway

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AM0115_AD_Elliman Atlantic_r1.indd 1 16/12/14 3:52 pm


Chrome Hearts unvei ls a new Miami store

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

A HEART OF CHROME

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

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A selected few perused through white wall spaces adorned with the foremost in contemporary art for the VIP preview of Art Basel 2014.

BASELING AROUND

1. Dee and Tommy Hilfi ger 2. Lisa Marie Fernandez 3. Doreen Remen, Casey Fremont Crowe and Yvonne Force Villareal 4. Robert Mnuchin and Sukanya Rajaratnam 5. Terry and Jenny Laird

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Saved At: 12-9-2014 5:27 PM By: Catch New York / Catch New York Printed at: None Print #: 1 Round #: 1

LWS2015-0008 Miami_Avenue Magazine_FEB.indd

Job Info

Client: Loews

Product: None

Job #: LWS2015-0008

Job Title: Acting Young

Specs

Bleed: 8.625” x 11.375”

Trim: 8.125” x 10.875”

Safety: 7.625” x 10.375”

Gutter: None

Fonts, Images & Inks

Inks: Cyan, Magenta, Yellow, Black

Fonts: Minion Pro (Regular), Trend Sans (One)

Images: Pool__HR_FIN_NEW.tif (CMYK; 410 ppi, 412

ppi; 73.14%, 72.78%), the_room_you_need_Primary_Mi-

ami Beach_Wht.eps (61.14%)

Publications: Avenue Magazine

Approvals W/C OK

Creative Director:

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A LITTLE TIME IN MIAMI.

TO FEEL YOUNG AGAIN.

LOEWSHOTELS.coM | 800.23.loews

NEW YORK • ORLANDO • PHILADELPHIA • SAN DIEGO • SANTA MONICA • ST. PETE BEACH • TUCSON • WASHINGTON D.C.

ANNAPOLIS • ATLANTA • BOSTON • CHICAGO • HOLLYWOOD • MIAMI • MINNEAPOLIS • MONTREAL • NASHVILLE • NEW ORLEANS

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Swarovski celebrates at Art Basel

For the ninth consecutive year, Swarovski partners with Design Miami to commission a multidisciplinary installation with works by Jeanne Gang and James Balog. “� inning Ice” is an environmentally focused work highlighting the need for water conservation and preservation and incorporates Swarovski crystals. Guests gathered at Cecconi’s for a celebratory dinner.

TREADING ON THIN ICE

1. Nadja Swarovski 2. Patricia Urquiola and Alberto Zontone 3. Athena Calderone, Jennifer Fisher and Misha Nonoo 4. Julie Macklowe, Danielle Schriffen and Lara Schriffen 5. Marva Griffi n and Rodman Primack 6. Angela Goding 7. Paul Donaher and Isabel May 8. James Balog and Dayssi Olarte Kanavos

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Peter Marino at the Bass Museum of Art

Revelers of design gathered for a private reception for the opening of Peter Marino’s “One:Way” exhibition, curated by Jérôme Sans. Featured in the exhibition are Marino’s personal collection of art, his signature cast-bronze boxes, and newly commissioned works by artists such as Farhad Moshiri and Gregor Hildebrandt. Marino donned his cheeky leather armor for the occasion.

HELL-BENT FOR LEATHER

1. Dana Drori and Darrell Hartman 2. Jay Jopling and Hikari Yokoyama 3. Elodie and Richard Taittinger 4. Amy Fine Collins 5. Jérôme Sans and Peter Marino 6. Bill Powers 7. Peter Brant 8. Chrissie Erpf and Larry Gagosian 9. Jean-Michel Othoniel, Almine Ruiz Picasso and Johan Creten

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Faena presents a celebration of art and archi tecture

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

FROM BUENOS AIRES TO MIAMI

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

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Miami lunch for iconic French brand

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

BUCKLE DOWN

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

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Cyber Closet application to view and manage collections

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Sotheby’s fetes the sale of a private col lection

Cohosts Margaret Russell, Deeda Blair and Sotheby’s William Ruprecht held a dinner in honor of the sale of the collection of late Mrs. Paul Mellon. Bronson Van Wyck organized the occasion, planning out details to mimic a similar dinner that Mr. Paul Mellon organized in 1976. Del� china, delicate place settings and pastoral landscapes channeled the ethos of Mrs. Mellon.

IN HONOR OF BUNNY MELLON

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1. Ralph Rucci 2. Lee Radziwill 3. Gigi Mortimer 4. Bill Ruprecht, Bronson Van Wyck, Celerie Kemble and Betsey Ruprecht 5. Kim Heirston-Evans 6. Tory Burch 7. Margaret Russell and Deeda Blair 8. Mario Buatta and Christian Howard



Am0115_OTA_R1.indd 28 12/18/14 11:48 PM

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Jorge Pérez and AVENUE on the Beach

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

MIAMI’S ART KING

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

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Benefi t for the Michael J. Fox Foundation

Philanthropists and media types gathered for an evening of comedy and music to bene� t the Michael J. Fox Foundation for Parkinson’s Research. � is year’s gala raised more than $5.4 million for the organization.

A FUNNY THING

1. Esme Fox, Michael J. Fox, Tracy Pollan, Aquinnah Fox and Sam Michael Fox 2. Rob and Anne-Cecilie Speyer 3. Shahidah Omar and J.B. Smoove 4. Deborah W. Brooks, David Glickman, Judy Glickman and Leonard Lauder

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By now, the whole panoply of the holidays is but a distant memory, and you are probably reading this on the treadmill, or from a downward dog position, ridding yourself of the � eshy reminders of your indulgent carousing. But even before the sugarplums landed, the mistletoe mistakes were made, and the glogg

was glugged, here’s what happened.“� e greatness of a nation and its moral progress can be judged by the way its

animals are treated,” Gandhi once said, as quoted by emcee Chuck Scarborough at the Annual ASPCA Humane Awards. So true. Cipriani was bursting with animal lovers, whom we know are inherently nicer, warmer and better-looking people. Perhaps more factually, among the award winners were Annika Glover, an 11-year-old-girl with cancer, who gave her Make-A-Wish gi� (usually, understandably, redeemed at Disneyworld) to an animal rescue organization; Congressman Jim Moran, who in his twelve terms in Washington has been a champion of animal protection; and Bill Bratton, our own New York police commissioner, who in his department’s new partnership with the ASPCA has increased animal abuse arrests 160 percent in the � rst six months. And yes, ASPCA-branded tissues were at every seat, including those belonging to Nancy Silverman (who funded a major rescue), ASPCA president and CEO Matt Bershadker, Linda Lambert, Ellen Scarborough(whose rescue kitty, Emma, has just joined the family), Betsey Ruprecht, Caroline Dean, Emilia Fanjul, Michael Bruno, Jill Rappaport and Audrey Gruss.

I probably shouldn’t follow that with Foxcatcher, but there were no foxes harmed in the � lm—just wrestlers. � e Cinema Society hosted the glamorous premiere for the � lm about John du Pont and his extraordinarily odd story. Director Bennett Millerintroduced the stars: “Channing Tatum, who used to be a danc-er; Vanessa Redgrave, a newcomer; and Steve Carrell”—who is rumored to be a front-runner for best actor for this performance. We moved on to Top of the Standard, where relatives of Mr. du Pont told me,“He made us very nervous at Christmas.” Others, less close, included Sheryl Crow, Valentino, Zac Posen, Nicole Miller, Ang Lee, Tom Bernard and Aaron Sorkin.

Richard Mishaan celebrated the publication of his newest book, Artfully Modern, at his store, Homer, then at dinner at Margaux at the Marlton. “I’m still in disbelief that we were the number one release on Amazon for seven weeks! � at’s enough reason for celebration, and I was surrounded by people who worked on the book, whose homes are in it, or who inspired me.” Among the muses: Margaret Russell, Lisa Jackson (whose new store, LJ Cross, is the answer to every husband’s holiday shopping bewilderment), Ti� any Dubin, Dennis Basso, Patricia Du� and Richard Cohen, Bettina Zilkha, Tracy and Jay Snyder, Claude Wasserstein, and of course . . . Marcia Mishaan!

I could � ll another two pages with merriment and awe: A Delicate Balance’s opening night, with John Lithgow, Glenn Close and the rest of the cast’s chorus of “Happy Trails to You” in honor of Mike Nichols, his traditional close to � lm-ing; Michael’s jubilant twenty-� � h anniversary celebration; and all things Bunny. And that’s before the turkey trotted us into all things December. Give me strength. ✦

C H R O N I C L E S | by D E B B I E B A N C R O F T

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

Michael McCarty, Richard Johnson and Steve Millington

Margaret Russell and Marcia Mishaan

Linda Lambert Bill Bratton

Lisa Jackson Richard Mishaan

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Steve Carell Channing Tatum Bennett Miller

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A R T S C A L E N D A R | by M I M I C H L O E P A R K

This month's selection of art and culture in Palm Beach and New York

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

1700 Parker AvenueWest Palm Beach, FL 33401 561.832.1776

January

Andrea Rosen GalleryDec. 13 – Jan. 24, 2015: The Thing and The Thing-In-ItselfDec. 13 – Jan. 24, 2015: Michael Wang

525 West 24th StreetNew York, NY 10011212.627.6000

Dec. 6 – January 11, 2015: Toulouse-Lautrec and La Vie Moderne: Paris 1880–1910January 24 – March 29: American Treasures from the Farnsworth Art Museum

2 Four Arts PlazaPalm Beach, FL 33480561.655.7227

6The Society of the Four Arts

FEASTS FOR THE SENSES

Claude Monet.Charing Cross Bridge, 1902.

The Norton Museum of ArtJan. – March 29: Klara Kristalova: Turning into StoneJan. – April 5: Pastures Green: The British Passion for Landscape

1451 South Olive AvenueWest Palm Beach, FL 33401561.832.5196

13Henri de Toulouse-Lautrec. Queen of Joy (1892).

Color lithograph, Musée d'Ixelles, Brussels

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

Jan. 8 – Feb. 21: Mamma AnderssonJan. 8 – Feb. 21: Diana Thater, Science, FictionJan. 9 – Feb. 14: Al Taylor, Pet Stains, Puddles, and Full Gospel NecklessJan. 9 – Feb. 14: Jan Schoonhoven

519 West 19th StreetNew York, NY 10011212.727.2070 9

December - January

David Zwirner Gallery

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

—Four Arts Club

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A R T S C A L E N D A R

29SOTHEBY’SJan. 23 – 25: AmericanaJan. 28: Master DrawingsJan. 29: Master Paintings: Part IJan. 29: Selected Renaissance and Mannerist Works of Art Assembled by Fabrizio MorettiJan. 29: Master Paintings and Sculpture: Part II

1334 York AvenueNew York, NY 10021212.894.1990

Giovanni della Robbia. Glazed terracotta figure of Saint Michael the Archangel, 1500.

JanuaryChristie’s

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

20 Rockefeller PlazaNew York, NY 212.636.2000

Flagler Museum

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

January 27 - April 19January 27 – April 19: Bouguereau’s “Fancies”: Allegori-cal and Mythological Works by the French Master

1 Whitehall WayPalm Beach, FL 33480561.655.2833

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

The Metropolitan Opera1Lincoln Center PlazaNew York, NY 10023212.362.6000 ✦

Hansel and Gretel

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

Hirschl & AdlerDec. 18 – Feb. 12: Very Rich & Handsome: American Neo-Classical Decorative Arts

730 Fifth AvenueNew York, NY 10019212.535.8810

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

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

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2. Polka-dot oversized cat eye sunglasses, $185, by DOLCE&GABBANA. Available at Bloomingdale’s, The Gardens Mall, 3105 PGA Boulevard, Palm Beach Gardens, 561.625.2000, bloomingdales.com

3. Incredibles Collection diamond and ruby necklace, price upon request, by HARRY WINSTON. Available at Harry Winston, 718 Fifth Avenue, NYC, 212.399.1000, harrywinston.com

4. Black and gold tulip caftan in knee length, $250, by CALM CAFTAN. Available at calmnyc.com

5. “The” Ring, $12,000, by LIZZIE MANDLER. Available at lizziemandler.com

6. Crocodile covered beaded handle pouch, $3,410, by NANCY GONZA-LEZ. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach

561.805.6150, neimarcus.com.

7. Luciano lip color, $32, by TOM FORD BEAU-TY. Also available at Neiman Marcus.

8. Darcy double-strap sandals, $870, by GIANVITO ROSSI. Available at Barneys New York,

660 Madison Avenue, NYC, 212.826.8900, barneys.com

9. Skinny collar stud belt with fl ower, $395, by MI-CHAEL KORS. Available at Michael Kors, 610 Fifth

Avenue, NYC, 212.582.2444, michaelkors.com

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

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O B J E C T S O F D E S I R E | by H A L E Y F R I E D L I C H

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3. Incredibles Collection diamond and ruby necklace, price upon request, by 718 Fifth Avenue, NYC, 212.399.1000, harrywinston.com

4. Black and gold tulip caftan in knee length, $250, by CALM CAFTAN

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9. Skinny collar stud belt with fl ower, $395, by CHAEL KORS. Available at Michael Kors, 610 Fifth

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Cheetah iPad sleeve, $98, by ELAINE TURNERat Elaine Turner, 1091 Madison Avenue, NYC, 212.535.8630, elaineturner.com

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3. Tribale earrings, price upon request, by DIOR. Available at Christian Dior, 202 Worth Avenue, Palm Beach, 561.655.1455, dior.com

4. Kalate printed crinkle silk chiffon caftan, $395, by CALYPSO ST. BARTH. Available at Calypso St. Barth, 247 Worth Avenue, Palm Beach, 561.832.5006, calypsostbarth.com

5. The Expert Lip Color in Micaval, $35, by KEVYN AUCOIN. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach 561.805.6150,

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6. Butterfl y brooch by GRAFF. Available at Graff Diamonds, 221 Worth Avenue, Palm

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9. Soie-Cool Tiny bag in calfskin and silk twill, $1,425, by HERMÈS. Available at Hermès, 240 Worth Avenue, Palm Beach, 561.655.6655, hermes.com

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T R E N D S C A P E | by M I M I C H L O E P A R K

New Year, New YouRESTORE AND RENEW

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

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

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

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In the age of the Internet, starting a print magazine is now universally considered a huge risk. But starting a literary magazine with no traditional advertising base, the majority of whose writers have been dead for years, run by the archetypal 20th-century editor, could be considered brave to the point of foolhardiness. But that was the gamble Lewis Lapham took

when he decided to create his historical compendium, Lapham’s Quarterly, and, in spite of the odds, he has made success of a print magazine in the digital age.

� e Quarterly, as Lapham calls it, is a digest of historical primary sources centered around a single theme. War, Love and Money are just a few of the topics that the Quarterly has addressed, with excerpts from William Shakespeare, Arthur Schlesinger Jr., � ucydides, Mark Twain and Goethe, to name just a few contributors. Subscriptions to the magazine are 30,000 and another 10,000 a quarter are sold on newsstand and in bookstores. � ey are number 9 in the Barnes and Noble current events section, and given equal space with People, � e Economist and Time. Read by a diverse group of people, it also makes an excellent birthday present. (I should know: I’ve given it as a gi� more than once.)

Lapham suggests we meet for a drink at a local and friendly Italian place, called Paul and Jimmy’s on 18th and Irving. Decorated with wooden tallboys and an obliging bar, Lapham arrives a few minutes late and is warmly welcomed by the barkeeper. “I do all my business here,” he says, and informs me that he’s going to have two drinks, a cocktail and a glass of wine. He orders a vodka on the rocks and sips it lightly, and we begin by talking about how he got his start as a reporter.

He was born into a family that, had the decks been shu� ed di� erently, would have meant that Lapham would never have had to write more than his own checks. His great-grandfather was one of the founders of Texaco oil, but his grandfather, the eldest of four children, was careless with money and managed to lose most of his share of the family fortune.

� ere was still enough money around to send Lapham to Hotchkiss and Yale, and his upbringing was much more likely to have produced someone who would have gone into those the twin spheres of American in� uence: � nance or law. Always a man of letters, neither career held much appeal, although Lapham was initially intrigued by the CIA, who recruited him while he was an undergrad. A� er he le� Yale, he was invited to interview with the organization and had prodigiously read up on every geopolitical crisis of the era in preparation. (“I saw myself wearing a trench coat, getting on the last train for Berlin with a very beautiful blond German girl.”) But his dreams of life as a daring spy were swi� ly dashed when he walked into the room and saw the place full of the smug preppies he’d run a mile to avoid while he was at New Haven. “� ey thought they were of a superior mold,” he says wryly.

� e questions the interviewers asked him were: (1) If you are standing on the 13th fairway at the national golf links in Southampton, which club do you use; (2) It’s 6:00 in the evening, the last week in August, and you are

with excerpts from William Shakespeare, Arthur Schlesinger Jr., � ucydides, Mark Twain and Goethe, to name just a few contributors. Subscriptions to the magazine are 30,000 and another 10,000 a quarter are sold on newsstand and in bookstores. � ey are number 9 in the Barnes and Noble current events

. Read by a diverse group of people,

Lapham suggests we meet for a drink at a local and friendly Italian place, called Paul and Jimmy’s on 18th and Irving. Decorated with wooden tallboys and an obliging bar, Lapham arrives a few minutes late and is warmly welcomed by the barkeeper. “I do all my business here,” he says, and informs me that he’s going to have two drinks, a cocktail and a glass of wine. He orders a vodka on the rocks and

He was born into a family that, had the decks been shu� ed di� erently, would have meant that Lapham would never have had to write more than his own checks. His great-grandfather was one of the founders of Texaco oil, but his grandfather, the eldest of four children, was careless with money

� ere was still enough money around to send Lapham to Hotchkiss and Yale, and his

Paul & Jimmy’s Restaurant123 East 18th StreetNew York, NY 10003212.475.9540www.paulandjimmys.com

C O C K T A I L O N T H E AV E N U E | by D A I S Y P R I N C E

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

Paul & Jimmy’s Restaurant

D A I S Y P R I N C E

LITERARY TRIUMPH

neither career held much appeal, although Lapham was initially intrigued by

read up on every geopolitical crisis of the era in preparation. (“I saw myself wearing a trench coat, getting on the last train for Berlin with a very beautiful blond German girl.”) But his dreams of life as a daring spy were swi� ly dashed when he walked into the room and saw the place full of the smug preppies he’d run a mile to avoid while he was at New Haven. “� ey thought they were of a

� e questions the interviewers asked him were: (1) If you are standing on

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sailing the � nal approach to the Fishers Island Yacht Club. What tack are you on?; and (3) Does Mu� y Fanes wear a slip?*

A� er giving an approximate reply to the third question (please see the bottom of the page for answers) Lapham apologized for wasting the CIA’s time and promptly got a job at the San Francisco Examiner and was sent to Oakland, Calif. to cover the police beat. His job in Oakland taught him how to write for a newspaper, got rid of his undergraduate purple prose, and instructed him on how to � nd his way around City Hall. A� er three years, he came back to the East Coast and found work with the Herald Tribune in 1960.

Lapham pauses brie� y to ask for a glass of Cabernet Sauvignon; he has barely touched his vodka, but perhaps the ritual of having two drinks is more important that the ac-tual amount of alcohol consumed.

Lapham speaks wistfully of his time at the Tribune. “It was a wonderful pa-per, they wrote rings around the New York Times. I thought I’d died and gone to heaven.” In those Mad Men–era days, being a reporter didn’t hold the same cachet as it came to have in subsequent decades, and Lapham re-calls an incident at a cocktail party on the Upper East Side when a pretty girl asked him what he did. Pu� ed up with pride, he answered proudly, “I’m a newspaper man.” � e girl cocked her head to one side and said, “So what are you going to do when you grow up.”

Luckily, he never veered from his chosen path. He is known as one of America’s preeminent essayists. Lapham’s precise and rapier-like prose is reminiscent of Mark Twain, as is his ability to prick the pomposity of the establishment. A� er a stint at the Saturday Evening Postmagazine, Lapham joined Harper’s Magazine as a writer in 1970, he became editor in 1975, a position he retained, more or less, for the next 30 years.

However in 2006, he was ready for a new challenge. He thought, “I’m 72, in the fourth quarter of my life. If I don’t do this now, when?” He set up Lapham’s Quarterly as a nonpro� t called the American Agora Foundation.

“I thought it had a better chance of raising money as an educational foundation than as a literary magazine. Essentially, I was going to be selling the great books, and they are topical. All the great magazines have been digests at one time or another. � e American audience doesn’t have a big attention span, it never did, even in the 19th century.

“� is was a way of teaching history. People are interested in history. Americans are self-educating, self-improving people.” He knew his readers would be in their � � ies, with time to read on their hands and wishing they’d paid more attention when they were in school. His audience would be the kinds of people who tour historic houses in Newport, dress up in Civil War uniforms or go to Colonial Williamsburg.

He � gured if he could get it to a circulation of 50,000 he’d have a shot that it would break even, and, so far it’s working. It is up 12% which is the fastest rate of growth for a consumer magazine.

� ere is sense of triumph in Lapham as he warms to his subject: “It’s fun to edit. And you will know this as a magazine editor, that most of

the time you are hoping against hope that the people you commission will turn in something publishable. You spend a lot of time taking a C manuscript and asking for a rewrite or doing a rewrite yourself and bringing it up to a B+ if not an A. I got tired of it at Harper’s. � is way you are always working with the A-list. I’m reading Dickens or � ucydides or Virginia Woolf. It’s an embarrassment of riches. It’s always a sense of getting to read things that I have always wanted to read or reread.”

He knows that these works will give his audience pleasure. He is not delivering a sermon, nor does he have a political agenda. When I ask him about the future of print, he thinks it will be niche but a big niche. “It will be good writing. � ere will always be a market for good writing.” He corrects himself: “It’s not a market, it’s an audience, I don’t write for a market, I write for an audience. I write for human beings.” My last question is: If he could pass on one life lesson learned, what would that be?

“� e best job is the one you invent for yourself, it’s that simple.” With that, Lewis Lapham welcomes his next meeting. ✦

C O C K T A I L O N T H E AV E N U E

“This was a way of teaching history. People are interested in history.

Americans are self-educating, self-improving people.”

*See if you too could have been accepted into the CIA in 1957:

(1) Probably the 7 iron. (2) Port. (3) As the resident nymphomaniac on the Ivy League circuit, Muffy was the very beautiful, very wild heiress to a major commodity fortune who, according to local lore, was known to scamper around college campuses in a mink coat with nothing underneath. Lapham notes, “If one did not have carnal knowledge of Muffy in the 1950s, then one was no one in the Ivy League,” Lapham’s information is secondhand on the topic; his source was Romanian, but rumors were of Belgian lace and French silk.

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The two grand homes are located twelve miles apart, at opposite ends of Palm Beach’s famous Ocean Boulevard, but they have much in common. Both are on the market. Both were originally designed by the town’s signature architect, Addison Mizner, and

later remodeled by architects almost as well-known. And both offer a glimpse into the lives of America’s wealthiest.

The owner of Villa Tranquilla, at 640 South Ocean Bou-levard, a 15,500-square-foot, eight-bedroom house built in 1923 and renovated in 1947 under the supervision of architect Marion Sims Wyeth, is asking $42,900,000. A smidgen smaller, and ever so slightly less expensive, 1095 North Ocean Boulevard, which was built in 1925 and first renovated in 1933 by Maurice Fatio, has eleven bedrooms and two hundred feet of oceanfront, and is offered for sale at $38,500,000. But each of them is more than bricks and mortar, more than official local landmarks: their provenance is notable—and priceless.

The first was built for a descendant of an officer in the American Revolution, and later owned by a member of a great munitions-making family. The other, commissioned by a merchant prince from Philadelphia, later served as the Winter White House.

Those are the sort of ghosts that are not only easy but fun to live with.Built in the Mediterranean Revival style that characterizes so many of

the great historic homes of Palm Beach, the two-story Villa Tranquilla stands on just over an acre of land, enclosed by a stucco wall decorated with a much-admired wrought iron fence, which surrounds a small courtyard, and a sedate front entrance leading into the tile-roofed house, which has arched windows and doors that overlook its 175 feet of Atlantic oceanfront. Originally L-shaped, the house now surrounds its tiled, heated pool on three sides, and includes a guest house. Among other improvements, its current owner updated it to a “smart” house, but had the sense to keep Mizner’s paneled “pub” room.

Based on Mizner’s own home just to the south, it was built for Dr. De-Grimm Renfro of Pennsylvania, who had the architect furnish it and, in 1929, add additional rooms and log-gias. As the great-grandson of Peter Forney, a captain in the North Caro-lina Dragoons, Renfro, an investment banker, qualified as a member of the Sons of the American Revolution.

Wyeth’s postwar additions to the estate, which included an elevator,

were apparently commissioned by later owners. Among them were a real estate investor, a lawyer, and A. Felix and Ann du Pont. Born in Wilmington, Delaware, Felix had joined his family’s manufacturing firm, E. I. du Pont de Nemours & Co., in 1900, and become a key figure in its munitions business, running its gunpowder division. He was also an aviation buff, specializing in gliders. Du Pont first married in 1902, but divorced his wife, a descendant of a wealthy Maryland family, in 1937 in Reno, Nevada, on the grounds of mental cruelty, and the same day married Anne de Armond, a member of the Marvel clan of Delaware, which also included a Superior Court judge, an ambassador to Denmark and the du Pont family’s longtime lawyer. Anne’s former husband had also been associated with the du Ponts.

U N R E A L E S T A T E | by M I C H A E L G R O S S

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

The pool at Villa Tranquilla

An aerial view of 640 South South Ocean Boulevard.

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Later owners of Villa Tranquilla included John A. “Bud” McDougald, a Canadian businessman and Th oroughbred racehorse owner whose company was later somewhat infamously acquired by Conrad Black, and Cheng Ching Wang, who bought it in 1996. His children, Kenneth and Vera Wang, the latter the noted fashion designer, sold it in 2008 to a limited liability company, which, the Palm Beach Daily News reported, was linked in public records to Leslie Gelber, president of an energy company. Neither Linda Gary, who is selling it now, nor Corcoran’s Geoff rey Th omas, who sold it for the Wangs, would confi rm the current owner’s identity. Whoever it is, he or she spent three and a half years renovating the home but never moved in.

Compared to Villa Tranquilla, La Guerida has had a tranquil ownership history, but it has still seen its fair share of drama. According to the Palm Beach Historical Society, it was built around 1925 for Rodman Wanamaker Jr., who’d inherited Philadelphia’s famous Wanamaker’s department stores, in an Italian variant of Mizner’s signature style. By the standards of the Palm Beach Landmark Preservation Commission, “it does not, except for its sheer size and site, exemplify the ornate detail or craft smanship that graces similar estates in Palm Beach.” Indeed the commission describes it as “Mizner’s least ornate estate-sized commission,” but adds that it is nonetheless one of the town’s important homes due to its provenance.

Pathologically formal and private—not even his wife called him Rodman, and he despised public attention—Wanamaker was a philanthropist and arts patron, bringing art and music into the stores founded by his father, John, and to the rest of the world, as well,

commissioning everything from monuments to symphonies. He’d cultivated his taste during a decade in Beaux Arts–era Paris before he took over the retail empire in 1922. But work wasn’t his only passion. Like Felix du Pont, he was an aviation buff , though his dream of sponsoring the fi rst plane to cross the Atlantic was dashed by Charles Lindbergh’s Spirit of St. Louis shortly aft er Wanamaker took possession of this Palm Beach home.

Wanamaker died in 1928, and fi ve years later, in the depths of the Depression, Joseph and Rose Kennedy of Boston and Bronxville bought and renovated the estate for a bargain—about $120,000. Less than three decades later, it became world famous as the winter home of John Fitzgerald Kennedy and his wife, Jacqueline. It remained in Kennedy hands (and became infamous aft er a 29-year-old woman said she was raped there by a Kennedy cousin) until the current owners, former Donaldson Lufk in & Jenrette CEO and private-equity investor John Castle and his wife, Marianne, bought it in 1995.

Like the Landmarks Commission, Castle waxes rhapsodic about its history. “Th ey’d always say ‘Joseph Kennedy from Boston,’ but the operative word was ‘from,’” Castle says. “Th is was Joe and Rose’s legal residence. Jack wrote Pro� les in Courage here, and worked on his inau-gural address on the loggia overlooking the ocean.” It was by the pool that the president-elect argued against his father’s order that one of his younger sons, Bobby, be appointed to Jack’s cabinet. “Th e old man said, ‘Bobby will be attorney general,” Castle reports, citing as his source the Kennedy’s family manager, who later went to work for the Castles.

“We still have virtually all the original furniture,” Castle adds. “I have Jack and Jackie’s beds, Jack’s massage table, the dining room table where Joe sat at one end with Jack next to him, even when he was president.” Castle says he’s willing to sell the contents, too, “if somebody shows up and wants it,” then adds, “If JFK’s humidor was worth $500,000, I don’t know what that bed is worth.”

Like I said, priceless. ✦

U N R E A L E S T A T E

These two Palm Beach estates are haunted by the sort

of ghosts that are not only easy but fun to live with.

Outside La Guerida, where JFK wintered.

The oceanfront at 1095 North Ocean Boulevard.

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NOVEMBER 2014 • AVENUE MAGAZINE | 53

Island HoppingFrom Manhattan to Palm Beach . . .

these are the movers and shakers on everybody’s A-List

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The Most Powerful and Infl uential People in Palm Beach

photographed by Patrick McMullan and Billy Farrell Agency

LISTPalm Beach

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BILL AND BRIDGET KOCH:

Charting Their Own Course by Andrea Doyle

photographed by NAVID represented by Belle & Company

Wi th a huge art and wine col lection, a large company to run, not to mention six chi ldren between them, i t might seem like Bridget and

Bi l l Koch had enough on their plate. Then they started a school.

AM0115_COVER STORY_r1.indd 68 18/12/14 4:10 pm

JANUARY 2015 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 69

styled by Claudia Talamashair by Melissa Peverini

makeup by Reigan Zapatier

BILL AND BRIDGET KOCH:

Charting Their Own Course



Passion provides the compelling force: the rudder steering William “Bill” Koch’s life. Th e legendary art collection in the Palm

Beach home he shares with his wife, Bridget, rivals treasures found in many of the world’s fi nest museums.

“I buy things I love, things that make me feel good,” he declares, a Midland accent still discernible. “I like to come home and look at a fabulous painting. It

helps me forget about the day’s frustrations, the frustration of my teenagers.”Bill and Bridget, a granddaughter of Pittsburgh Steelers’ founder Art Rooney, parent

six children: Wyatt, 28, Charlotte, 18, Liam, 17, William, 16, Robin, 15, and 8-year-old Kaitlin, known as “K.K.” Love for these children prompted his latest endeavor—

Oxbridge Academy.“I want my kids to get the best education possible, and at my age I didn’t want to send them to

prep schools as my father did. I’m selfi sh. I want to be around them,” divulges the 74-year-old multi billionaire. Bill refl ects on the tainted reputation of Florida’s schools, citing an emphasis on test taking and ruing the presence of gangs and drugs.

Th ese conditions in mind, Bill founded Oxbridge Academy, a private college preparatory high school, in 2011. Th e 56-acre West Palm Beach campus fi nds teachers replacing boring lectures and standardized tests with pedagogy that fi nds students rolling up their sleeves, diving in, and learning by doing. To inspire in each student a love of learning refl ects Oxbridge’s mission.

Oxbridge opened on the site of a former Jewish community center replete with an Olympic-sized swimming pool, two cafeterias, a large gym, indoor squash courts, tennis courts, and two sets of classrooms. Th ese amenities freed Bill to spend more on teachers and coaches.

iversity and CollaborationTuition, which includes a MacBook Pro, transportation, books, and meals,

stands at $25,000. In the recently admitted class, 40 percent of students received need-based assistance. Th e average stipend awarded: $8,106. Persons of color comprise

29 percent of the diverse student body.A college campus designed for high school students, Oxbridge and its air are permeated with

enthusiasm. All students seem genuinely happy to be here. Th e national average of high school students who participate in aft er-school sports is 50 percent, reveals athletic director Craig Sponsky; at Oxbridge it’s 85 percent. Students are also encouraged to start new clubs.

Senior Tremane “Tre” Gabriel took this concept a step further. Although impressed by the academic opportunities at Oxbridge, he felt disappointed with the lack of a football team. Deciding to do something, he brought a petition signed by 25 students, committed to playing football, to Oxbridge president and CEO Robert Parsons, thus initiating a team. Oxbridge hired coach Doug Socha, bought jerseys and equipment, and added a 1,500-seat stadium complete with the same synthetic turf as that used by the Buff alo Bills.

“We don’t have bullying. We don’t have cliques. What we do have is a collaborative environment where kids interact with others who are diff erent from them,” gushes English teacher Amy Jurskis, who also chairs the curriculum committee.

“It was a few teachers who took an interest in me who changed me. Thanks to them I am doing very well. That’s why I cry—because I’m able to provide an opportunity

for these kids. They will probably be my greatest legacy,” murmurs Bill, barely audible between sobs.

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

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





All Oxbridge students eat breakfast and lunch together. Chef Dan Gasperi of Il Bellagio, a popular West Palm Beach Italian restaurant, heads a staff of 11. Meals are prepared with learning in mind. Off erings are carefully selected to help students focus, stay on task, and remain energized through-out the day.

“I think Oxbridge Academy is quite an extraordinary place,” praises Robert Kaufmann, an educator with almost 50

years of experience, including 14 years as headmaster of the Deerfi eld Academy in Massachusetts and 14 years as director of admissions and associate dean of fi nance and administration at Harvard University. “It has gone from zero to 60 in four years. I am convinced Oxbridge represents a life-changing experience for many of these kids.”

Bill adds, “We are less than four years old and considered one of the best schools in Florida. I’ve put $60 million into the school

and eventually would like to get it on a self-sustaining fi nancial basis, but I can’t think of a more worthwhile investment.”

Christina Wing O’Donnell, president of Renegade Investments and an Oxbridge board member, concurs: “Ultimately, we would like the community to own the school. Th e bricks and mortar is not a shrine to Bill. Th is was not a narcissistic creation. What the kids who attend Oxbridge accomplish in the world will be his legacy.”

Above: Bridget wears her own clothing; jewelry by Seaman Schepps, price upon request at seamanschepps.com.

His affi nity for the American western frontier is evident in his Western collection, which consists of

two million items, the most extensive in the world, according to art industry experts.



Tears fl ow as Bill relates the story of Oxbridge sophomore Robert Holmes.

Growing up in a one-parent home in the inner city, Holmes’s future was bleak. Th at was until his middle school

principal took him on a tour of Oxbridge and a generous fi nancial aid package enabled him to enroll. On entry his extremely weak read-ing and writing skills transferred to Robert’s becoming a straight A student thanks to the intervention of a learning specialist. Joining the football team and weighing 390 pounds

caused him diffi culty in running. Today, the 6´5½˝ teen is 50 pounds lighter and one of the best defensive linemen in the state.

“At Oxbridge, you are loved,” bellows Holmes as he clutches an Alabama Crimson Tide water bottle, the university he hopes to attend.

“Th e reason I get so emotional about Robert is that my story is similar. It was a few teachers who took an interest in me who changed me. Th anks to them I am doing very well. Th at’s why I cry—because I’m able to

provide an opportunity for these kids. Th ey will probably be my greatest legacy,” murmurs Bill, barely audible between sobs.

Doing very well indeed. According to Forbes, his real-time net worth is $3.1 billion. Bill is the president and CEO of Oxbow, a company he started in 1984 that is focused on building alternative energy plants. Today, with a main focus on carbon, the company employs 1,200 workers and boasts $4 billion in sales.

eachers and Coaches Making a Difference



ridget Behind OxbridgeAlthough Bridget is now the school’s biggest proponent, this wasn’t always the case.

At the onset, the 52-year-old beauty questioned her husband’s plan to start a school. “I was against it because I know how thin he is spread. Bill has a tendency to have many projects

going at the same time. You can see this in his art collection. He has Impressionists, Modern, Western, and Maritime. He has so many diff erent tastes and so many various hobbies in his life,” she acknowledges. “But I am one to admit when I am wrong and I was wrong. He has made me so proud. I am now behind him and Oxbridge 110 percent.”

With irreplaceable artwork gracing the walls and ceilings, and millions of dollars’ worth of wine aging in the cellar, Bill and Bridget open their oceanfront mansion for various fundraising parties for charities, Oxbridge included. Local grammar schools are invited to tour the art collection each year.

Th e couple will be celebrating their tenth wedding anniversary in February. When Bridget is asked if anything special is planned, she retorts, “Every day is special with Bill.”

Not only will Bill be remembered for creating Oxbridge, but for winning the 1992 America’s Cup, yachting’s oldest and most coveted trophy as well. Despite intense international competition as well as criticism, Bill, who has a PhD in chemical engineering from the Massachusetts Institute of Technology, focused on science in his quest for the cup. “Th at’s why me, an MIT nerd and a hick from Kansas, won the America’s Cup,” he discloses.

Clad in a western shirt with red snaps, Bill continues, “I set up a research program at MIT focused on what makes a boat go fast. I also talked to as many yacht designers as I could and learned that you have to understand the science of how water fl ows over a keel fi rst and then learn how to reduce the boat’s resistance to the fl ow of water.”

As a result, Bill’s America team overcame 100 to 1 odds to defeat the Italian team by 44 seconds.

gly DucklingBill’s path to MIT was a rocky one. Born in 1940, in Wichita, Kansas, twins Bill and

David have two older brothers: Charles, who is fi ve years older, and Frederick, who is seven years older. “When I was in middle school, I psychologically dropped out,” Bill

confesses. He and David fought constantly, the battles oft en ending in fi sticuff s. “It didn’t help that David was handsome and athletic, and I was gawky and skinny—an ugly duckling,” he recalls.

David landed at Deerfi eld Academy, in Massachusetts; Bill, Culver Military Academy in Northern Indiana.

“I hated it. Th ere was nothing for me to do but study, but I credit it with helping me get in MIT,” he says. Since his grades were far from stellar, his acceptance was based on one caveat—that he attend the Culver Summer Naval School. With a fl eet of nearly 100 sailboats, including the 65-foot, 25-ton R.H. Ledbetter, Bill’s love of sailing fl ourished.

Fittingly called “Th ings I Love—Th e Many Collections of William I. Koch,” the Museum of Fine Arts, Boston, featured an exhibition of Bill’s many collections. One of the most attention-grabbing elements was Bill’s sailing yachts: America3, which he and his crew sailed to victory in the America’s Cup, and Il Moro, the boat they beat and which Bill then purchased, their masts rising 125 feet in the air. Both ships were displayed on the museum’s lawn. Th e Boston Globe’s headline screamed “Furor Ahoy,” as many didn’t feel these vessels belonged at a museum of fi ne arts.

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

There were two decades of lawsuits fi led to undermine Charles and David’s control of Koch

Industries. The three reconciled in 2001, and today, Bill calls David one of his best friends.





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



This was far from his only collection that has caused furor. His Palm Beach mansion contains a capacious, state-of-the-art wine cellar with approximately 12,000 bottles. A rare wine collector, he paid more than $100,000 per bottle for four bottles he was led to believe came from the collection of Thomas Jefferson. With plans to include these bottles in the Boston exhibition, Bill asked Brad Goldstein, director of corporate affairs at Oxbow, to get the provenance for the bottles. The Thomas Jefferson Foundation at Monticello should have that information, Goldstein surmised. However, not only did they not have the provenance, they didn’t believe the bottles had ever belonged to Jefferson.

Thus began Bill’s fight against counterfeiters. He has filed seven lawsuits against auction houses, retailers, collectors, and vendors of counterfeit wine.

“I spent about $30 million on this. I had 15 investigators working for me, guys from Interpol, Scotland Yard, the CIA,” laments Bill.

Sitting in the living room of a Pierre Hotel suite, Bill’s friend Patrick Robinson, coauthor of the New York Times bestseller Lone Survivor, joined the interview while in the midst of writing a book about the crusade.

“Talk about a manhunt. The moment after it was realized the Thomas Jefferson bottle was a fake, Bill said, ‘I will not have this. I’m going to find them and put them in jail.’ The last guy just got ten years. They must have felt like Butch Cassidy and the Sundance Kid being relentlessly pursued,” expounds Robinson.

The counterfeit wine suits aren’t Bill’s only brush with litigation. There were two decades of lawsuits filed to undermine Charles and David’s control of Koch Industries. The three reconciled in 2001, and today Bill calls David one of his best friends.

With an eye to the future, Bill works on creating a family limited partnership for his children. “I don’t want my kids to go through what David, Charles, Fred, and I went through. Twenty years of fighting ain’t fun. All we did was make a lot of lawyers rich,” he asserts. “One card of the deck is setting up a trust where for the money my kids earn, they get to take five times of that out of the trust. It will instill in them what Dad instilled in me in a different way.”

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

His Palm Beach mansion contains

a capacious, state-of-the-art wine cellar

with approximately 12,000 bottles.



oiling on the Family RanchFather Fred instilled in his four sons a formidable

work ethic. Summers were spent toiling on the family ranch.

“Father had us work at the most menial manual jobs ten hours a day, seven days a week, earning 50 cents an hour,” Bill reveals. “I spent one summer fi xing fences in a 100-square-mile pasture. I dug fence post holes, stretched the fence, got cut up with barbed wire, and stayed in a log cabin with two other men with no toilet, no running water. I took one bath that summer, having to get the water from an ice-cold stream. I loved it.”

A self-made man, Fred’s hard work produced a more effi cient way to refi ne heavy oil into gasoline. Fred had a deep love for the West and owned extensive ranchland. “My father’s ranch in Kansas had these rolling hills with no trees on them, bluestem grass that grew fi ve feet high—brown top, green stem, blue at the bottom. I’d sit up on a hill and imagine I was a pirate or Captain Lawrence [an ancestor of his mother]. I would watch puff s of wind come over the tall grass—it was just mesmerizing, just beautiful,” reminisces Bill.

His affi nity for the American western frontier is evident in his Western collection, which consists of two million items, the most extensive in the world, according to art industry experts. It includes the world’s only photo of Billy the Kid, paintings by Frederic Remington, a rifl e belonging to George A. Custer, Jesse James’ revolver and a collection of brothel ephemera.

An authentic reproduction of a full-scale 19th-century Old West town he has built on his 4,500-acre ranch in Colorado is a work in process. Some of the 77 structures are from Buckskin Joe, a former Western-style theme park that Bill bought and transported to the ranch, and others he had built. Th ere are fi ve saloons, two brothels, a jail, church, bank, theater, and library. “My idea is to keep a code of the West that I really like alive. It is stand your ground and help your neighbor,” he enthuses. Graduates of Oxbridge will witness that commitment. His passions—the innovative school, legendary art and wine collections, winning strategies for the America’s Cup, his Old West town—defi ne William Koch’s generous contributions to posterity. ✦

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

“I want my kids to get the best education possible, and at my age I didn’t want to send them to prep schools as

my father did. I’m selfi sh. I want to be around them.”



Dance director, Carlos de Barros instructs student Brittany Weger.

Swimmer, Noah Newfi eld competes in an Oxbridge home meet.

Oxbridge Jazz Ensemble performs during a school-wide Celebration of the Arts event.

Sydney Brams works to solve a complex math problem.

An Oxbridge chemistry class pauses for a photo with founder Bill Koch.

In 2013, Oxbridge opened a 1,500-seat stadium with synthetic playing surface.

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

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

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

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



Dance of the

by Christopher Lawrence

More than ninety years on, Palm Beach’s Coconuts remains the Island’s island’s most coveted New Year’s invi tation. Everybody wants to go, but absolutely nobody wants to be caught talking about i t .

“Well, I’m just very sorry,” the man tells me gently. It’s our second of two telephone conversations. He’s my contact within The Organization, a member in excellent standing. He has

been very polite and conscientious in returning to me with answers—of a kind—within twenty-four hours.

My inside man had been willing to explore the idea of speaking publicly for my tribute to The Organization’s annual festivities. But he cannot. While he has in the past worked helpfully and fruitfully with this magazine, he finds himself quite unable to do so now. “I certainly wish you well, and I wish I could help,” he says. They have gotten to him. Leadership has. “It’s really, it’s just . . .” he says. Then, gently, and a little wearily, “Well . . . it’s just a private party.”

Well, yes and no. Quite a private party, indeed. But not exactly “just” anything.

“The Organization” is not exactly the menacing conspiracy of my fevered daydreams. The Coconuts, a rolling fraternity of twenty-five distinguished Palm Beach gentlemen, has been financing and hosting Palm Beach’s most discussed, most mythologized, most simultaneously exclusive and inclusive New Year’s Eve party since the days of bathtub gin. The annual black-tie ball that bears their collective name (and please call the party itself just “The Coconuts” so as to sound like an insider) is a gathering steeped in tradition, and yet one that cannily draws in the city’s next social generation. As with the very best blue-chip trust funds, the origins have become a bit opaque as the past has receded. No one seems willing—or able—to say precisely how, or even when, the Coconuts began. (My own carbon dating places the origins at

COCONUTS

AM0115_HISTORY OF COCONUTS_r1.indd 80 18/12/14 5:14 pm


Mr. and Mrs. Bedford Davie at Ta-boo



demonstrably north of 91 years ago; it is only reasonable to believe that some version of the gathering began to coalesce in the immediate aft ermath of the World War I.) Th e only thing that is entirely for sure is that the world has been spinning pretty wildly in the last nine decades. And in ways that sometimes rattle even the American Riviera. But neither the march of time nor the shocks of human history matter much come New Year’s Eve in Palm Beach. Th e Coconuts are still at it, and their ritual gathering is still very much the place to be.

Another friend is a genteel lawyer who’s been on the scene in Palm Beach for four decades and a resident for two. He’s been respected, trusted, even loved—and all this as an ardent Democrat. But his real arrival in town came a mere ten years ago in the form of an invitation to the party. “You could write some terrifi cally scandalous pieces about a number of institutions around here,” he chuckles. “And believe me, I’d love to help you write those stories. But this is really a pretty great tradition. It really is.” Th e ball has for many years been held at the Flagler Museum, and the

location is key. In Palm Beach, where the “Big Five” private clubs (the Bath and Tennis, the Beach Club, the Everglades, the Palm Beach Country Club, and the Sailfi sh Club) have overlapping memberships but are also, ahem, somewhat Balkanized, the Coconuts’ guest list draws to varying degrees from across the spectrum. Perhaps not quite a gathering that “looks like America,” but striking and alluring in a town where the allegiances can of course be as confi ning and oppressive as they are comforting. Th e Flagler, glorious as a place and signifi cant as the homestead of Palm Beach society’s founding father, provides a fi tting neutral backdrop for a gathering of the tribes.

“Th ere are the fi ve major clubs,” says my friend the attorney. “And if you’re in one or more of those and you don’t somehow disgrace yourself, then you’ll make your way pretty well in this town. But the Coconuts is a level above all that.” He sketches a lovely image: drinks and a civilized New Year’s dinner among friends at someone’s home,

“You could write some terrifi cally

scandalous pieces about a number of institutions around

here, but this is really a pretty great tradition.

It really is.”


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



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

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

to constitute some social center of gravity.”



or perhaps, for example, in the magnificent upstairs dining room at the Bath and Tennis. And then, at ten o’clock those certain anointed couples (ten are invited per Coconuts member) depart quietly from around town and begin to converge on the Flagler. There, the big-band music and the party’s décor—typically some variation of “jungle festive”—help create a swirl that’s just simply different from anything else on offer, even in this social capital. The invisible common denominator among guests is just an ineffable right-ness, a belonging to some extended, long-standing Palm Beach “family.” Generations of Boardmans and Lauders, Gubelmanns and Phippses, Fanjuls and

LeFraks, along with their not-nearly-so-famous-nor-lately- so-flush friends, all circulate through the museum’s pavilion and eventually glide on out to a midnight fireworks display over Lake Worth. “You’re constantly moving among people, all of them actually enjoying themselves,” my friend marveled. With no formal dinner and no fixed structure at the Coconuts, “you’re never stuck between a dowager empress and her cousin. It’s the least stodgy Palm Beach party I can think of.”

But for all the beauty and bonhomie, it is the evening’s first moments that harken directly to the past. Whatever the uncertainty about an exact founding date for the club, the sole mission has remained clear: the Coconuts group was convened by a group of popular bachelors as a way to repay annually the invitations and kindnesses of Palm Beach’s society matrons. By 1926, the Miami Daily Herald’s coverage of what was then a costumed gathering held in March noted Caleb Bragg, the Yale-educated automobile and airplane daredevil, entrepreneur, and lifelong bachelor, as being among the ball’s leading founders—at some unspecified time before 1923, when the party was already being treated as the pinnacle of the social season. The current membership, which includes chief Coconut Alex Fanjul, David Koch (rumored to donate the fireworks display personally), Leonard Lauder, and financier Wilbur Ross, as well as Palm Beach society fixtures from across the age spectrum, is comprised of men both married and single. But it hews exactly to the grand tradition of greeting all guests as they arrive at the door—a broad and very courtly gesture of thanks—not just to hostesses, but to the community of attendees that makes Palm Beach what it is for these men.

For the veteran journalist Laurence Leamer, a resident and lover of the island and the author of Madness Under the

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

A party that it is much

seen—and almost never

heard.



Royal Palms, the Coconuts’ adherence to its original spirit presents an intriguing measure of the changes that have surrounded the tradition. “The social center of the town was always governed by women, by a matriarchy,” he told me. “And with wom-en—even wealthy ones—so actively in the workplace, or so active philanthropically, a good deal of that governance has broken down.” Ladies are not lunching in the way they used to. Leamer himself isn’t exactly charmed by the Coconuts, but he does acknowledge its significance—one that is arguably deepening. “Life in Palm Beach, as it is in most places, is less and less about class and more and more about money,” he said. “And so I think it’s fascinating that [the party] retains a social centrality, where that is breaking down so quickly elsewhere. But what’s most striking about this party is that it is men who set the terms. And that an event controlled by them continues to constitute some social center of gravity.”

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

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

“You’re never stuck between a dowager empress and her cousin. It’s the least stodgy

Palm Beach party I can think of.”

CA

PE

HA

RT


Holly Mi l ler Weston brings the hot yoga craze to Palm BeachSome Like it Haute

by Haley Friedlich

photographed by Cynthia Conley

“I’ve already taken a boot camp this morning and a yoga class!” It’s 11 a.m., and this mother of three small children—all under the age of � ve—

has been on the move for six hours. In fact, by the time Holly Miller Weston’s kids wake up, she has almost always already been to Haute Yoga—either one of her two Palm Beach hot yoga studios—tended to her own peace of mind and need for physical activity, and is ready to get her kids up and o� .

Holly Weston used to adhere to a di� erent type of hustle and bustle. She grew up in Palm Beach and is intertwined with some of the island’s most visible and social locals, but at age 18 she le� the sunny isle for New York University. At NYU, she attended the Tisch School of the Arts and studied theater. She also found yoga during her initial time in New York, and though it was just a hobby then; it was something that resonated with her.

A� er graduation, Weston gave L.A. a try, but eventually resolved herself to be more the East Coast type. Upon her return to Manhattan, she started her own public relations � rm, Exposed PR, where she represented brands like Anthony Mack, Alessandro Dell’Acqua and Milly. � at went on for eight years until one event changed her whole trajectory: “I went home to Palm Beach for Mother’s Day and I met my future husband, Paolo,” says Weston. “He came up to visit me in New York all of the time and said, ‘I’m going to marry you soon,’ and then proposed about three months a� er we met. So I closed my PR � rm and moved to Palm Beach.”

� at was six years ago, and Weston has since had three children and completed two yoga teacher certi� cates in between. A� er having her third child and completing her second certi� -cate, she immediately began teaching. “� en [in

AM0115_HOLLY WESTON_r1.indd 86 18/12/14 5:22 pm

JANUARY 2015 • AVENUE • AVENUE ON THE BEACH | 87

Some Like it Hautephotographed by Cynthia Conley



December 2013] a space opened up on the island in Palm Beach, so I jumped on it and signed the lease. � at was my � rst studio,” says Holly. Another space in West Palm Beach’s downtown opened up in April 2014 and Weston took that one on as well, adding a second studio to the mix.

Both Haute Yoga locations o� er hot yoga classes, but not “Bikram hot.” � e studios are a balmy 85 to 92 degrees—”so they’re

“When you get into a new pose people wi l l stop and clap . . .we like to keep i t light and fun!”

and moving, yet manages to kick your butt at the same time!”

As for the great balancing act of being a working mom, Weston says having this outlet and having found her passion actually makes her a better mother. “I get to do what I love every day, but I don’t teach at night; so when I pick my kids up from school, I’m completely present and at home with my kids. It’s the perfect balance,” she says.

And the fact that she is a regular yoga practitioner certainly doesn’t hurt her ability to balance: “For me, yoga is my time to myself where I can breathe, be calm, and my mind is still. It’s a moving meditation for me.” And the former PR exec admits that it has changed her overall disposition: “It’s helped in all aspects of my life. It’s not only kept me in shape, but I have learned too. My usual intention for almost all of my practices has been just patience: have patience in life, patience in everything. I don’t react to negative situations anymore.”

When she is not sweating it out on the yoga mat, Weston and husband Paolo enjoy the increasingly young and social scene in Palm Beach. “ I was dying to move back to Palm Beach,” says Weston. “All of my best friends

basically like being outdoors in Florida on a hot day,” says Weston. She says they attract all sorts of Palm Beachers and visitors—anyone, anywhere, from a teenager to an 80-year-old man. “Yoga does not have to be serious,” says Weston. “Everybody was once a beginner, so you need to come and start somewhere. Every person who walks into my studio is always like, ‘Oh, everyone is so nice and encouraging.’ When you get into a new pose people will stop and clap. It’s not intimidating; we like to keep it light and fun!”

Publicist and friend Nicole Munder im-mediately recognized this: “Haute Yoga has quickly become my deepest and most enjoy-able addiction in Palm Beach,” says Munder. “From Holly to her talented team of yogis, stepping into her studio to practice is both a spiritual and physical endeavor. Mind, body, soul and laughter are all touched during the practice. Once through her doors you’re part of a unique community.”

Friend Kelly Rooney says that Holly has created a studio unlike any other she had previously tried. “I decided a long ago that yoga was not the thing for me, until I tried Holly’s class, and now I can’t get enough of it,” says Rooney. “Holly’s yoga is inviting, soulful,


growing up here are my best friends now, and most of them now live in Manhattan. I’m the only one who got to move back and they’re all so jealous. I mean, it’s amazing here!” She says there are always parties and a steady stream of charity events; it’s a lot like New York, especially during the social season when much of the city’s notable crowd migrates to Palm Beach. � e couple loves going out to eat and has found Palm Beach to be a surprisingly young and fresh place to bring up a family. � eir family also loves boating on the Intracoastal, spending time at the beach, and with three kids that young—“We go to lots of birthday parties,” Weston laughs.

And other than her busy family, work and social schedules, Weston is a self-proclaimed “yoga dork.” She makes a hobby out of bettering her business and her own teach-ing; she travels anywhere from Jupiter to Ft. Lauderdale, trying out other yoga classes and scoping out independently contracted teachers to recruit for her studio. And the

Holly ’s Palm Beach Haunts:

Restaurants: PALM BEACH GRILL340 Royal Poinciana Way #336, Palm Beach561.835.1077 BUCCAN350 South County Road, Palm Beach561.833.3450 CHEZ JEAN-PIERRE132 North County Road, Palm Beach561.833.1171 IMOTO AT BUCCAN350 South County Road, Palm Beach561.833.5522 ECHO230 Sunrise Avenue, Palm Beach855.435.0061

Shopping :

LULULEMON ATHLETICAThe Gardens Mall3101 PGA Boulevard P229, Palm Beach Gardens561.691.3782 SAKS FIFTH AVENUE150 WORTH Shopping Center172 Worth Avenue, Palm Beach561.833.2551 NEIMAN MARCUS151 Worth Ave, Palm Beach561.805.6150 INTERMIX218 Worth Ave, Palm Beach561.832.4606 GYPSY450 South County Road, Palm Beach561.832.1333

Yoga:

HAUTE YOGA PALM BEACH340 Royal Poinciana Way #332b, Palm Beach561.514.9098 HAUTE YOGA CLEMATIS STREET225 Clematis Street, Suite 200, West Palm Beach561.776.2272

hard work is paying o� both for Weston and the Palm Beach community. Weston’s lifelong friend Emilia Fanjul Pfei� er says the buzz and following that Haute Yoga has generated is noteworthy. “Holly has always been passionate with everything she has done in her life,” says Pfei� er. “I am not surprised with the following she has at her yoga studios. Her energy and enthusiasm are infectious.”

Weston’s friend Sara Gro� is also a Haute Yoga regular, and she a� rms: “Haute Yoga is the physical manifestation of the love, energy, positivity and soul that Holly radiates out into the world. She has created so much more than a place to practice yoga—she o� ers a sanctuary; a home that nurtures your physical body and your spirit, � lling you up from the inside out,” says Gro� . “You are drawn to the euphoria that settles over you a� er a sweaty, physical class and the stillness of being calm and centered. If you haven’t yet experienced this bliss, get out your mat and run to the next class.” ✦



King

✰A never-

before-published interview with

the late New Yorker, heir of the

Fairbanks acting dynasty, and Hollywood &

WWII veteran.

by Gregory Speck

✰ On his relationship with his father, “The King of Hollywood,” Douglas Fairbanks Sr.“He [my father] was opposed to my going into the film business . . . My parents had been divorced for quite some time, and my mother’s family, who at one time had had a great deal of money, had seen it all go down the drain over several generations. Their fortune was in cotton and cotton manufacturing, as well as Wall Street. It had taken them 80 or 90 years to build up this fortune, which my grandfather had started, and by 1900 he had cornered the cotton market of the world . . . That’s what they called my grandfather: ‘The Cotton King.’ He came crashing down with a great big bang, then had a slight come-back, but he lost it all again. So from then on my mother sort of lived on the sale of family heirlooms . . . Aunts and uncles and cousins all had to go out and do something to make ends meet. No one was accustomed to working . . .

“I have to admit that he [my father] never did take to me as his child. It was only when I grew up and began to stand on my own two feet later on that we got close. At that point we got to be very close, in fact. It was almost as if we were brothers, rather than father and son. Towards the end it was almost as if I were the father, and he my son . . . ”

As the only child of Douglas Fairbanks, an actor regarded as cinema’s first leading man in adventure films like The Mark of Zorro and Robin Hood, and the stepson of Mary Pickford, it would appear that Douglas Fairbanks Jr., an actor in his own right and decorated naval officer of WWII, was destined to lead a remarkable life. In these excerpts from an inter-

view I did with him before his death in 2000, Fairbanks reveals intimate details about his marriage to Joan Crawford, the tortured relationship he had with his unsupportive father, and then broaches the subject on whether legendary playboy actor Errol Flynn was or wasn’t a Nazi spy.

DOUGLAS FAIRBANKS JR.

The

Hollywood’s Little Prince:

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Portrait of Douglas Fairbanks Jr.

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

“I wrote a letter to Jack Warner recommending this young fellow I’d seen named Errol Flynn. Errol went

out to Hollywood as a result of that . . . working his way up until he got to do Captain Blood in a style very

similar to my father’s.”

With Rita Hayworth in Angels Over Broadway

✰ On his first marriage to Joan Crawford and Mommie Dearest “I remember only very nice things about Joan [Crawford]. She was very hardworking, and terribly conscientious, even to the point of people making fun of her, since she was always trying so hard, studying voice and singing even though she did not have a fine singing voice . . . She devoted herself entirely to whatever she was doing, going into all kinds of preparation for whatever part she was trying to learn. I have never seen anyone who worked so hard to do her best. She had no sense of humor about it either. If you told her something was funny she would laugh in a forced way, even though it might have been a terribly amusing joke. I was appearing in a play, and she went to the opening night, after which she wrote me a fan letter, asking me to give her a ring sometime. We had friends in common, so I did, and so we met . . . . So I read [that it was a wonderful romance and a case of love at first sight], but it was so long ago I’m no longer sure. I was only 19, and at that age it’s easy to get carried away.

“It [our marriage] ended in around 1933, simply because I, as a young fellow, had one idea about how to live with a wife, and she had a completely different idea. I had an appetite for all kinds of things in life, many of them away from work, such as traveling and living around the world. Movies were simply not the whole world to me.

“All she [Joan Crawford] cared about was her own job at MGM. When we went abroad, which was her first time out of the country, she absolutely hated every min-ute, and couldn’t wait to get back and return to work in front of the cameras in Culver City. It was like going back to the womb, the only place where she felt secure and confident in herself. It was where all of her hopes and ambitions were centered. I was simply not so dedicated to making movies and being a star, and that’s what the

difference in us was, and why our marriage didn’t last . . . . As for the character that was depicted in Mommie Dearest, I’m not sure that what the daughter had to say was so accurate. But then I didn’t know her well at that point in her life, since we had been divorced for years, and although I would see her in restaurants and say hello we were no longer close.”

Douglas Fairbanks Jr. in The Corsican Brothers

Douglas Fairbanks Jr. in The Prisoner of Zenda



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

“. . . I wrote a letter to Jack Warner recommending this young fellow I’d seen named Errol Flynn.

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

rumor about Flynn being a Nazi spy is nonsense, for he didn’t know enough about what the Nazis were about to have an opinion.

“I was never a close friend [of the royal family], and was noticed only because I was an American actor, and for anyone like that to know them is unusual. I never knew the Duke and Duchess of Windsor so well. My father used to play golf with him, way back in the old days before he became King Edward VII, when he was Prince of Wales. I mean I saw them later on when they were the Windsors, and we had dinner together here and there. I read in authoritative books that they were not all that happy, but who’s to know? He was sort of stepped on by her, for she was a very dominating sort of woman. He was utterly

besotted with her, and she seemed to take advantage of it. She was the boss in that marriage. I think it was probably very lucky after all, for he might have made a very ineffectual king . . .”

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

✰ On Money“I have unfortunately not been at all shrewd, except in one thing: choosing people to advise me. I don’t have much good sense for making money, other than in picking good people. I think I do have good sense in my professional life, or at least as much as the average guy. There has to be a certain amount of luck in it, too, for I was out of the entertainment business for five years during the war, and if you’re in public life you’re not supposed to be out of it for more than three years. Otherwise, they’ve forgotten you, and the public changes its mind about you, whether it’s politics or movies.

“I had a row with Warner Brothers finally, yes. We came to a parting of the ways, which led to my founding my own independent company. It was difficult at first, and in California I was frozen out of the business, since they didn’t approve of actors becoming producers. It was what happened when United Artists was founded, and everyone said that the inmates had taken over the asylum. From then on actors were frowned upon if they did anything other than act, and writers were scorned also if they tried to become directors or producers.

“Only the producers at the very top of the hierarchy were supposed to have any say about anything, and sometimes even those who could spell were suspect. Publicity made actors look like they had power, but it was very difficult for them to have any at all. They had nothing to say about anything at all, and for twelve weeks of the year they didn’t even get paid. During that time they couldn’t even work for someone else, either. You were under contract for 52 weeks, but paid for 40.” ✦

A promotional photo from The Exile


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AM0514_brown harris stevens_r1.indd 3 16/12/14 3:42 pm

AVENUE: How would you describe the Palm

Beach residential market?

LINDA GARY: It is extremely hot. Look at

the prices we’re dealing with today compared

with 2006—2007 pricing is much higher.

DANA KOCH: It’s almost mind-boggling

what’s going on.

LAWRENCE MOENS: It is fair to describe the

market as actively robust.

LIZA PULITZER: And we’re also seeing spec

houses that are off the chart. We are seeing

prices in the $50 million to $60 million range,

something we’ve never seen before.

JOHN O. PICKETT: The market is, in my

mind, even stronger than it was, not so much

from a price standpoint but from the basic

foundation upon which it’s being built.

WALLY TURNER: I attribute this to the high

income tax rates in other states, record stock

market performance and our fantastic winter

weather. I am seeing clients primarily coming

from New York, Greenwich, Washington,

Boston, and even now from California.

AVENUE: Is it still a seller’s market?

LINDA: Absolutely.

DANA: The sellers defi nitely have the upper

hand right now.

LIZA: It’s an end-user market. We’re certainly

not in a developer’s market any longer.

All those properties that developers bought

during the recession are now coming on the

market as spec homes.

AVENUE: Are home sales up compared

with last year’s numbers?

DANA: Ironically, the volume of sales in the

single-family home market is a little down

compared to 2013, but prices are up because

of a lack of inventory.

JOHN: It’s not only a question of inventory.

It’s a question of new product, which is what

customers want right now. So, builders aren’t

even getting a roof on the spec homes before

they’re getting offers.

LINDA: There are 16 waterfront homes

presently listed for sale starting from $7.57

million up to $59 million.

WALLY: Over the summer, I listed and sold a

residence that had been built six years ago.

The house on Clarke Avenue sold for more

PA L M B E A C H R O U N D T A B L E

Our experts dish on the state of the hot real estate market

moderated by Paola Iuspa ■ portraits by Michael Price

SunA Place in the


AVENUE: How would you describe the Palm

Beach residential market?

LINDA GARY: It is extremely hot. Look at

the prices we’re dealing with today compared

with 2006—2007 pricing is much higher.

DANA KOCH: It’s almost mind-boggling

what’s going on.

LAWRENCE MOENS: It is fair to describe the

market as actively robust.

LIZA PULITZER: And we’re also seeing spec

houses that are off the chart. We are seeing

prices in the $50 million to $60 million range,

something we’ve never seen before.

JOHN O. PICKETT: The market is, in my

mind, even stronger than it was, not so much

from a price standpoint but from the basic

foundation upon which it’s being built.

WALLY TURNER: I attribute this to the high

income tax rates in other states, record stock

market performance and our fantastic winter

weather. I am seeing clients primarily coming

from New York, Greenwich, Washington,

Boston, and even now from California.

AVENUE: Is it still a seller’s market?

LINDA: Absolutely.

DANA: The sellers defi nitely have the upper

hand right now.

LIZA: It’s an end-user market. We’re certainly

not in a developer’s market any longer.

All those properties that developers bought

during the recession are now coming on the

market as spec homes.

AVENUE: Are home sales up compared

with last year’s numbers?

DANA: Ironically, the volume of sales in the

single-family home market is a little down

compared to 2013, but prices are up because

of a lack of inventory.

JOHN: It’s not only a question of inventory.

It’s a question of new product, which is what

customers want right now. So, builders aren’t

even getting a roof on the spec homes before

they’re getting offers.

LINDA: There are 16 waterfront homes

presently listed for sale starting from $7.57

million up to $59 million.

WALLY: Over the summer, I listed and sold a

residence that had been built six years ago.

The house on Clarke Avenue sold for more


AM0115_PALM BEACH RT_r1.indd 96 12/18/14 3:34 PM

Participants

DANA KOCH, Sales Associate with the Corcoran Group Palm Beach

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

LAWRENCE MOENS, President/CEO of Lawrence A. Moens Associates (Not shown)

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

LIZA PULITZER, Realtor Associate with Brown Harris Stevens

WALLY TURNER, Senior Global Advisor with Sotheby’s International Realty

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

to well over $14 million. This was a record sale

for in-town and not on the water. This sale has

set the bar much higher and has prompted a

few owners to list their houses. We are glad

to have the added inventory, as it has been

quite depleted recently. In November, I listed

and sold a townhouse in three days. That

deal was also record sale for the townhouse

association. These sales are a testament to

the demand in this market.

LAWRENCE: Depending on where on the

island, home sales have gone up six percent

to 14 percent.

AVENUE: Where on the island you are

seeing a lot of activity?

DANA: The North End is still probably what

I would consider to be the hottest area, but

there’s a lack of product on the entire island.

So, when new properties come on the market,

you have multiple buyers competing for the

same property.

LIZA: On Friday, a house on my street at the

North End came on the market. Within an

hour, I had brought an offer in. That night,

there were two other offers going in over the

asking price.

WALLY: Much of the recent sales activity is

being seen in the North End of the Island and

in the Village. People coming in for the season

like the idea of being close to town, as they

can just get on their bikes and get to a shop

or restaurant.

AVENUE: Why are so many of the spec

homes going up on the North End?

LIZA: A lot of homes there sold during the

recession, and builders bought them at the

right price. Those are the properties where

the spec houses are being built.

DANA: And they’re all going to come to

market over the next 12, 24 or 36 months.

LIZA: They haven’t put a number on them

yet, but the prices are going to be in the high

$50 million if not in the low $60 million by the

time they sell.

WALLY: Builders are buying teardowns

primarily in the North End and all over the

Island and putting up new houses. They are

paying nearly $200 a square foot for land off

the water in the North End. It is a bit higher

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



in the area south of Worth Avenue known

as the Estate Section. Most of these houses

are much larger than the ones that are being

torn down. There is a lot of momentum in the

$6 million to $7 million price range for new

spec houses.

AVENUE: What advice would you give

buyers looking to buy a home on the island?

JOHN: Don’t sit there watching the Today

show and contemplating whether or not you

are going to make an offer. If you get into a

situation where you’re not getting exactly

what you’re looking for, but you’re getting

pretty darn close; don’t dawdle. I guarantee you

the fi ve people that are coming in right behind

you are not going to dawdle. In today’s market,

you may have to pay 5, 6, 7 or 10 percent above

where you would normally be comfortable

paying just to secure the property.

AVENUE: Why is the inventory so tight?

LAWRENCE: It is always about supply and

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

demand than supply.

DANA: Many sellers don’t want to sell because

they have nowhere else to go on the island.

LIZA: Unless they feel that they are going

to be offered something above their wildest

dreams basically, then they’re just simply not

prepared to move now.

LINDA: I am having to be very creative

to motivate people to sell. I recently called

a client and asked if they would sell their

lakefront house. They said, “Where would I

go?“ So I said, ”I have the perfect condo for

you.“ Because I know they’re elderly I thought

they’d be perfect for that place. So, they’re

going to take a look at it. They didn’t say they

would sell, but they said, ”Linda, I’ll take a

look, and if we think it fi ts, perhaps we’ll talk

about it.”

AVENUE: What do buyers want when they

come to you?

DANA: Many of them want new construc-

tion. They don’t want to have to go through

the process, which from beginning to end can

take two years. Buyers want something now.

As a result, they’re willing to pay a premium

to a developer or even to someone who’s

recently renovated or built a new house for

themselves.

LIZA: But I also think that those buyers

you’re referring to, if they can’t fi nd what

they’re looking for, they’re prepared to go into

a lower price point and just do renovations

because the inventory is so tight here.

AVENUE: What’s the status of Jimmy

Buffett’s old house?

JOHN: I represented the buyer and Dana

represented the seller. My client took down

the Jimmy Buffett house on 540 South

Ocean Boulevard, and we are in the process of

drawing up plans to build a home for one of

the gentlemen who was part of the purchase

on 530 South Ocean, which is the vacant lot

immediately to the north. On the lot, we plan

to build a spec house. In the meantime we


John O. Pickett III

Linda Gary

Paola Iuspa-Abbott

“If you get into a situation where you’re not getting exactly what you’re looking for, but you’re getting pretty darn close: don’t dawdle.”—John Pickett

“It is always about supply and demand. The in-balance now is, there is more demand than supply.” —Lawrence Moens


GRAND MAISONETTE ON PARKUpper East Side, NYC Co-Exclusive | 4 BR, 5 BATH$12.5M | Web#9360543Rosemarie Deane 212.381.3245

YOU CAN HAVE IT ALL!Midtown West, NYC Exclusive | 2 BR, 2 BATH$3.750M | Web#11712153Dan Danielli 212.381.3825

GREAT VIEWS / 3 TERRACESUpper East Side, NYC Exclusive | 2 BR+MAIDS, 4 BATH$7.950M | Web#10975689Hoyt Spelman 212.381.3301

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INCREDIBLE SPACE, VIEWS + TERRACEMidtown East, NYC Exclusive | 2 BR, 2 BATH$1.445M | Web#11255137Elayne Reimer 212.381.3372

OVERSIZED 1,300SF CONDO Flatiron (16th/5thAv), NYC Exclusive | SPLIT 2 BR, 2 BATH$2.095M | Web#11278035Ellie Wald 212.381.3350

Halstead Property, LLC We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affi rmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confi rmed by customer. All rights to content, photographs and graphics reserved to Broker.

New York City Hamptons Connecticut New Jersey Hudson Valley

VIRTUALLY STAGED

AM0115_AD_Halstead FP_r1.indd 1 16/12/14 4:06 pm


sold the third parcel at 61 Mill Road, which was

a lovely house with a landmarked wall.

AVENUE: How is the condo market on the

island doing?

LAWRENCE: It is very strong, especially

in the better buildings, and water views are

always in demand.

JOHN: I’m not even sure there is a condo

market anymore. There’s nothing available.

DANA: There’s a lack of luxury product from

a condo perspective, so people come and they

pay a premium for it. Case in point: last month I

sold a penthouse at Sun and Surf for just under

$9 million. The unit has direct ocean views and

more than 5,000 square feet. The sale set a

record for that building by well over $5 million.

LIZA: You’re only allowed to renovate

during the summer from May to November

1st, so buyers are mainly looking for condos

that have been renovated . . . that’s what the

condo market is driven by. People don’t want

to buy in those buildings if they have to wait

six months to do the renovation. We listed one

on Friday, a little teensy one at 455 Australia.

The fi rst person who walked in to see it put

the offer in and is pending. I mean, that’s

because it had been done.

LINDA: I have two condos where someone

could come and just move in. I’m expecting

to sell them fast. One unit is a four-bedroom

condo at the Kirkland House, 101 Worth

Avenue, and has direct ocean views and an

entry gallery to display art. The other unit is 2

North Breakers Row. The two-bedroom condo

was completely renovated with Macassar

ebony wood doors from Sri Lanka, and

the pool cabana was upgraded to include

high-tech equipment.

WALLY: The condo market in the Village

remains extremely strong, either waterfront

or city view. The range of prices in this market

start at $100,000 and climbs to nearly $20

million. The Palm Beach condo market had

something for everyone.

AVENUE: How is the rental market doing?

DANA: We have the same problem in the

rental market that we have in the sales

market. It’s the same lack of inventory. People

made their plans early this year and took a

longer season just to be able to secure an

apartment or a home.

WALLY: Realtors ask me almost daily if I know

of a house or apartment to rent that I have

not put on the Multiple Listing Service. They

wonder if I have a “pocket listing” so they

can offer it to their prospects. Many clients

come to Palm Beach and will rent for a season

before they buy. Renting is a way for new

people to come to town and see if they

actually want to make a purchase.

AVENUE: What are some of the challenges

you see ahead?

JOHN: One challenge is changing the buyer’s

attitude on how to participate personally

in this sort of search for the property. For

example, if you send somebody information

on a listing on November 1, by November

15the information is completely outdated.

Most likely, the property sold by then. So

the idea that I’m trying to get across is that

buyers can’t take two weeks to come down

and take a look at a property. If you’re serious

about it, you got to get on an airplane now.

LIZA: I noticed buyers are trusting their

brokers and their agents more and more to

make that decision for them. So, the moment

we fi nd the property, I pick up the phone and

tell my client “put the offer in.“ And we put

it in, we lock it up and, then, they fl y in to

purchase the property.

JOHN: That’s a very good point. You have to

have the confi dence of your customer, and

you have to be willing to be proactive and be

able to make that kind of call.

DANA: Yes, properties aren’t waiting for

buyers anymore. If you have that mentality,

then chances are that you are going to lose

a few properties before you understand the

urgency in this market.

LAWRENCE: The lack of inventory will

continue to be one of the most pressing

challenges for the near future. ✦

Paola Iuspa-Abbott is the president of Top Of

Mind PR and a veteran real estate journalist


Liza Pultizer

“The sellers defi nitely have the upper hand right now.” —Dana Koch

Dana Koch

AM0115_PALM BEACH RT_r1.indd 100 18/12/14 5:41 pm

1 West 72nd StreetGrand-scaled 9 room residence in The Dakota directly on Central Park. Net# 1368908. $26,000,0000. Rebecca I. Edwardson, 212-300-1826

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

WARBURG REALTY LOCATIONS | 654 Madison Avenue • 212-439-4500 | 451 Columbus Avenue • 212-203-9561 | 100 Hudson Street • 212-380-2400

52 East 72nd Street, PenthouseExceptional 16 rooms, 6,400± sq ft on 4 floors. Net# 267205. $17,950,000. Richard J. Steinberg, 212-439-5183, Matthew W. Slosar, 212-439-4531

535 East 86th StreetSprawling 5 room co-op on high floor. Net# 1369694. $1,550,000. Rachel Ostow Lustbader, 212-439-5186, Michelle Berman, 212-439-4521

650 Park AvenueBeautiful 5 room co-op with leafy views, 2 BR, 2.5 bath and flexible space. Net# 1361249. $2,800,000. Lisa Larson, 212-439-5188

300 Central Park WestSunny 7 room prewar in Emory Roth co-op. High ceilings, 3 BR, 4 bath. Net# 1370127. $4,500,000. Arlene S. Reed, 212-439-5180

255 East 74th streetMint corner 4 BR, 3.5 bath in sought-after luxury condo. Net# 640799. $6,250,000. Wendy Greenbaum, 212-439-4542

603 West 111th StreetCharming 6.5 room in prewar gem. Flexible floor plan with 3-4 BR, 2 baths. Net# 34652. $1,695,000. Lisa Chajet, 212-439-5199

MORTGAGE FINANCING AVAILABLE Ken Evans | 212 559 2783 | [email protected] NMLS #33390

Citibank, N.A. Equal Housing Lender, member FDIC. NMLS #412915. Citi, Citibank, Arc Design and Citi with Arc Design are registered service marks of Citigroup Inc.

860 Fifth AvenueLovely 2 BR, 2 bath co-op. Net# 1362658. $2,250,000. Ronnie G. Lane, 212-439-4541, Carol Terner Lederman, 212-439-4546

warburgrealty.com

AM0115_AD_Warburg_r2.indd 1 17/12/14 11:21 am

AM0115_AD_Corcoran Spread Susan_r1.indd 2 18/12/14 1:37 pm

AM0115_AD_Corcoran Spread Susan_r1.indd 3 18/12/14 1:37 pm

montauk | amagansett | east hampton | sag harbor | bridgehampton | southampton | hampton bays | quogue | westhampton beach

Water Mill estate section | Water Mill | $8,250,000 | Lucky 7-7-7: SEVEN thousand sf, SEVEN bedrooms, SEVEN baths hidden at the end of a secluded lane in Water Mill with its own dock on Burnett Creek. Charm and graceful landscaping combine to create a unique setting on this 1.8-acre parcel with pool, spa, tennis court and tennis house. Web# H13946

BridgehaMpton oceanFront | price Upon request | Pristine oceanfront property with total ocean views in one of the most prime locations. The price is right for this magnificent stretch of beach. Build your dream home and hear the surf and watch the waves roll. Web# H0147231

carol nobbs, lic. assoc. r.e. brokero: 631.204.2714 | c: [email protected]

paul brennan, lic. assoc. r.e. brokero: 631.537.4144 [email protected] askelliman.com

AM0115_AD_Elliman Spread_r1.indd 2 16/12/14 3:57 pm

MANHATTAN | BROOKLYN | QUEENS | LONG ISLAND | THE HAMPTONS | THE NORTH FORK | RIVERDALE | WESTCHESTER/PUTNAM | LOS ANGELES | FLORIDA













WATER MILL SOUTH MANSION | Water Mill | $14,500,000 | Surrender to the charms of this 8-bedroom, 10-bath home sited behind electric gates on almost 2 acres with den, library, first floor master suite, chef’s kitchen, theater and wine cellar. On the first floor there is a state-of-the-art kitchen, that opens to an expansive outdoor patio. In the center of the main floor there is a formal dining area. The parcel is complete with a heated Gunite pool and pool house that has an open air bar/kitchen and is close to ocean beaches. Web# H51541

SOUTHAMPTON LUXURY HOMESouthampton | $1,995,000 | 5-bedroom, 5.5-bath home minutes to Southampton Village and ocean beaches. Gourmet kitchen, great room with fireplace, elegant dining room, den and 2-car garage. Community tennis and heated Gunite pool. Web# H061849

WATER MILL SOUTH NEW CONSTRUCTIONWater Mill | $8,995,000 | To be built: Modern Traditional. Approximately 6,400 sf with 7 bedrooms, 7.5 baths, pool, pool house, all in most desirable location, close to the ocean and Mecox Bay. Call for details. Web# H29951

ASKELLIMAN.COM

CAROL NOBBSLic. Assoc. R.E. BrokerO: 631.204.2714C: [email protected]

LANd LANd LANd | Water Mill South | $7,800,000 | 2+ acres to build house, pool, tennis and pool house. Web# H51589

AM0115_AD_Elliman Spread_r1.indd 3 16/12/14 3:57 pm










S and the SchOOl diStrict in PrOPertY liStingS are deeMed reliaBle, But ShOuld Be verified BY YOur OW

n attOrneY, architect Or zOning exPert.


AskELLIMAN.COM

pAuL brENNAN Lic. Assoc. r.E. brokerO: 631.537.4144 [email protected]

Pond and ocean

Bridgehampton South Waterfront Compound | Bridgehampton | price upon request | Web# h44741

WainSCott oCean and pondfront - BeSt of Both WorldS | Wainscott | price upon request | Web# h38310

AM0115_AD_Elliman Paul Brennan_r1.indd 1 17/12/14 11:27 am













AskELLIMAN.COM

RAyMONd sMIthLic. Assoc. R. E. BrokerO: 631.204.2728C: 516.381.2574 [email protected]

CREATE YOUR OWN ESTATE | Southampton | Price Upon Request | This last of its kind. Southampton Village 7-acre parcel offers 500 ft of pond front with unobstructed ocean views. Permits in place for 2 large residences, pools, and tennis courts. Would make a world-class compound opportunity. Offered separately or as a package. Web# H01277 Raymond Smith C: 516.381.2574

SOUTHAMPTON VILLAGE ESTATE SECTION WATERFRONT | Southampton | $11,200,000 | A rare opportunity to own this shy 2-acre waterfront property on the most coveted stretch of Captains Neck Lane surrounded by 20-30-40 million dollar Estates, it truly represents the best value on the market today. The 5-bedroom, 5.5-bath home is spacious and immaculate featuring a saltwater dock, 50 ft heated Gunite pool and spectacular water views and sunsets. Enjoy, renovate or rebuild your dream home on the generous building envelope that allows for a substantial 10,000 sf house, opening up a world of possibilities. Call for private viewing. Web# H33413 Raymond Smith C: 516.381.2574 | Susan Hovdesven C: 631.921.8767

BEST WATERFRONT INVESTMENTS

AM0115_AD_Elliman Ray Smith_r1.indd 1 16/12/14 3:55 pm










S and the SchOOl diStrict in PrOPertY liStingS are deeMed reliaBle, But ShOuld Be

verified BY YOur OWn attOrneY, architect Or zOning exPert.


AskELLIMAN.COM

pAuLA hAthAwAy Lic. Assoc. R.E. BrokerO: 631.204.2712 C: [email protected]

SOUTHAMPTON VALUE AND STYLE

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

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

AM0115_AD_Elliman Hathaway_r1.indd 1 16/12/14 3:54 pm

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

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

AskELLIMAN.COM

MOrgAN whItE, Lic. r.E. salespersonO: 631.204.2768 | C: [email protected]

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

AskELLIMAN.COM

MAryANNE hOrwAth, Lic. Assoc. r.E. BrokerO: 631.204.2720 | C: [email protected]

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

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

PART-TEMPLATE.indd 1 12/19/14 11:33 AM


AVENUE: Let’s begin by talking about international markets.

JONATHAN HOCHBERG: On a valuation basis, the United States

looks more expensive relative to its own history, and if you look just

purely at valuation it’ll lead you to Europe and Japan and to emerging

markets. To us, emerging markets seem like a compelling, long-term

bet because of the strong growth and the fundamentals, alongside the

cheap valuations. So we’ve been overweight emerging markets, and

also like frontier markets given the recent history. Over time, we think

there will be more countries like the UAE and Qatar that can move from

so-called “frontier markets” to the emerging market indices that could

give them an added lift. Emerging markets represent half the world’s

GDP—but it’s underweighted in the broader indices. So we think there’s

probably more tailwinds than headwinds in emerging markets.

CHRIS SHELDON: One thing I find interesting are the tailwinds and

headwinds which differentiate each country and region, including

emerging markets. This is something we haven’t seen in quite some

time. For example, there are some countries that are positively

affected by the decline in oil prices and others that are negatively

impacted. In addition, you can see differences in global business cycles.

It’s the first time in quite some time that the United States is at one

stage versus Europe China and even Japan. I think this creates some

opportunities for investors as well.

JASON PRIDE: Two things resonate here: number one, I think

there’s a positive global backdrop that’s supporting pretty much

all markets. On the whole, that’s a nice, positive backdrop. At the

same time I’m having a harder and harder time right now saying, “Oh,

I want to be heavily allocated to the emerging markets, Europe, or

even the United States.” It’s getting to the point where it’s company

by company & stock by stock. Take emerging markets for example—it’s

no longer about emerging markets broadly. The growth in emerging

markets is shifting from infrastructure spend to being more about the

consumer.

JENNIFER LEE: I’m wondering when we’re actually going to stop

calling them emerging markets? Today, two billion people are in

the middle class; there will be five billion people in the middle class

by 2030; these are no longer emerging markets. Each country has

different dynamics, some are commodity dependent, for example, and

will be directly impacted by falling commodity prices. So I think, as

stated, you’ve got to look at it country by country and company by

company—just think about how different that is from when most of

us started investing. You invested in the United States and you had

your satellite interest either through ETFS or a basket of these regions.

The amount of research and due diligence you have to do now is just

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

active management.

Fiscal ForecastOur panel of experts look at the global investment climate

moderated by Haley Friedlich photographed by Jessica Nash

Jennifer Lee Jason PrideRobert Klein-

schmidt

F I N A N C I A L R O U N D T A B L E

Chris Sheldon

AM0115_FINANCIAL RT_r1.indd 110 12/19/14 3:40 PM


ROBERT KLEINSCHMIDT: And the amount of due diligence that you

can do has changed over the recent past. There was a time when it was

pretty difficult to investigate emerging-market companies. But it does

depend upon what kind of money you’re managing. If you’re managing

money for high-net-worth individuals and families, they don’t need

to be in emerging markets. You don’t necessarily go into emerging

markets to preserve capital. You go into emerging markets to hit home

runs, or at least to make very substantial amounts of money. So the

question is, What does your client want? If your client wants exposure

to emerging markets, there is a relatively safe way to do that. You can

invest in U.S. companies that have businesses in emerging markets all

over the world, and you can probably get pretty good exposure there.

You might not catch the ultimate beta of the markets, but nonetheless

you can get some exposure in those areas.

AVENUE: Are investors diversifying away from multinationals?

JASON: In some cases, these homegrown companies—companies

that are local in nature—go up against international giants and they

win. They’re closer for distribution; costs are low because they’re right

in that region. It’s not always the case, but sometimes I think you have

to play both sides of it.

JENNIFER: Right. There’s a level of interconnectedness that exists

now. I think there was a time where you could simply use multination-

als, and I think that we are evolving to a point where even conservative

investors want global exposure because some of the largest companies

in the world are not U.S. multinationals: They’re European multination-

als, they’re Indian multinationals, they’re Chinese multinationals.

ROBERT: They’re moving out. There are some fantastic companies

that have popped up in some of these emerging markets: well run, nice,

conservative. Then there are some shoddy companies as well.

JENNIFER: We’re global consumers.

JONATHAN: Yes, and you can invest in companies traded on the local

exchanges, in the local currencies, and clearly you have to have boots

on the ground to do that. Our clients generally give us full discretion

over their portfolios, so we’re not taking direction from them on where

to invest. When we look at the emerging and frontier markets, relative

to the developed markets, it’s very much bottom-up and we’re using

active management. But when you look company by company, [our

clients are] benefiting from the high nominal growth that’s taking place

in the emerging markets and relatively cheap valuations.

CHRIS: The shift in perspective over time is interesting. Twenty years

ago it was very difficult for many high-net-worth investors to think

about investing outside the United States. Today, thinking globally

about portfolio allocation is much more prevalent, recognizing how

much growth we’ve seen in those markets and how important they are

in the global economy. As a result, many investors have a much higher

allocation to these areas.

JENNIFER: Right, and in this conversation we focused on, intention-

ally or unintentionally, equities. Our entire industry—and the way we

think about investing—has to evolve. Again, it isn’t that the United

States has gotten smaller, it’s that the whole world has grown bigger

and faster.

ROBERT: The point is that 20 years ago, when it was very difficult

to get your clients to think about emerging markets, was probably an

excellent time to be investing in those markets, when nobody else

wanted to be in them.

CHRIS: It’s because they thought of them as were “submerging

markets,” given the pain they felt in the late 1990s.

JENNIFER: The best time to plant a tree was 20 years ago. The next

best time is today.

ROBERT: But I think the other point is that the dollar is very strong

these days, and the United States is reemerging as a global growth

engine, as had been the case prior to the emergence of China. The

United States is sort of driving the bus again, so I’m not so sure about

some other markets. For example, take the case of India, where low

energy prices have really hit them because energy is priced in dollars.

So there’s been an offset there. But one thing you can say for sure

is that the United States’ current-account deficit is on the rise again,

and that’s good news for the rest of the world. That means that we’re

buying more stuff than we’re producing and we’re acting as this world-

wide growth engine again. If that continues, then your emerging-

market play might turn out to be pretty interesting.

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

JONATHAN HOCHBERG, President, Hillview Capital, LLC

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

JASON PRIDE, Director of Investment Strategy, Glenmede

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

CHRISTOPHER SHELDON, Chief Investment Officer, Fidelity Private Wealth Management

ROUNDTABLE PARTICIPANTS

AM0115_FINANCIAL RT_r1.indd 111 18/12/14 5:05 pm


JONATHAN: Generally, a strong dollar as we know means lower

commodity prices and lower oil prices—which helps the consumer.

But I think the strong dollar cuts both ways.

JASON: We do have to be a little bit specific when we talk about

the dollar because it’s always what’s the currency on the other side,

right? I mean the strong dollar, the one

that everybody’s quoting lately, it’s the

U.S. dollar versus our major trading

partners, which is primarily euro, pound

and yen. When you go broader and look

at all of our trading partners—and I

actually did the trade-weighted basket—the dollar actually isn’t quite as strong

now, so emerging market currencies are

doing much better than the euro and

yen. The US dollar’s strength relative

to the euro and yen was the intended

consequence of central bank policy. The

U.S. has a tightening monetary policy;

we’re taking away the bond buying, and

inching toward raising rates, and the

European Central Bank and Bank of

Japan are pushing ahead with even more

easing and more bond buying. Japan is

putting in place the largest quantitative

easing that I’ve seen in quite some time.

If central banks have their way, they will bring about a great rebalanc-

ing. The United States is strong, Europe is weak and Japan is weak.

Central banks are trying to mitigate these differences.

If the United States is regionally strong, we can afford to give up

half a percentage point in growth in order to give Europe and Japan

half a percentage point in growth and create a more global economy

that continues moving ahead in a positive direction.

JENNIFER: Look at the last six years of monetary policy—we’ve had

global governments, pretty much in concert, putting liquidity into

the system, and then we’ve had uneven recoveries across the globe.

Now, you start to see central governments now starting to do slightly

different things, so what does that mean for investors? For the last

few years, you could afford to be pretty neutral with your global asset

allocation because central governments

were all moving in the same direction,

but that’s not necessarily how things are

going to happen the next few years.

CHRIS: This goes back to my earlier

point, which is we’re in a mode of

asynchronous monetary policy and

economic recovery. When not all asset

classes move in tandem, such in 2014, it

can present opportunities. Certain asset

classes did well, while others lagged

considerably. This may present some of

the opportunities that you had mentioned.

JASON: One of the things that often

happens is that people take this broad-

brush approach to looking at markets and

saying, “Okay, Europe’s fat, so I’m just not

going to [invest there].” In reality, there

are many global businesses, great com-

panies in Europe, that have more U.S. exposure than U.S. companies.

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

happen to be in Europe.

JASON: Exactly. That just happens to be where they’re domiciled. It

happens in emerging markets, it happens in Europe. There are some


“We do have to be a little bit

specific when we talk about the

dollar because it’s always what’s the currency on the

other side, right?” —Jason Pride

Jonathan Hochberg


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

J. ROGER ERICKSONSenior Global Real Estate Advisor Associate Broker

P. 212.606.7612 E. [email protected]

625 PARK AVENUE - PRE-WAR GRANDEUR | DRAMATICALLY REDUCED3 BR/4.5 BA | WEB ID: 0019267

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

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

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

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

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

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

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

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

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

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

AM0115_AD_Sotheby Roger Erikson_r1.indd 1 18/12/14 2:57 pm


great opportunities produced by exactly what you’re talking about, and

if you have a good approach to picking—just taking the reasonable

value opportunities as they come—could be a good solution.

CHRIS: But you can see why this is happening. Investors have deep

muscle memory of what’s happened

during the financial crisis, and in some

cases, still seem to retain more of a

glass-half-empty view: as soon as

something happens, up comes the

volatility, up comes the pessimism. For

longer-term investors, these periodic

sell-offs can sometimes create

opportunities. Especially if we have

lower interest rates and low inflation

for a longer period of time. If that’s the

environment we’re in, then it could

investors a longer cycle than what some

people would think about in a classic

business cycle, and that would be very

positive for financial assets.

ROBERT: Well, lower rates are everything

right now. They’re everything because

in this country, for example, we have

$18 trillion worth of debt. And the rate

of interest that we are paying on that debt—or, put differently,

the entire interest bill in the Federal budget—is about $250 billion.

That is not markedly different from what the Federal budget paid in

1990, when it was about $225 billion. So we’ve had 25 years’ worth of

deficits, and we’re not paying much more in terms of interest rates

now than we were then. But if our interest rates go from 1.5 percent or

less to 3 or 4 percent, you get fat fiscal calamity.

JONATHAN: Agreed, but the thing you have to remember is just

because rates rise it doesn’t mean the interest on the Federal

government’s debt suddenly rises. There’s a roll-off procedure that

happens. About 7.5 years is the term of the U.S. government’s debt

right now, so it’s going to take quite a long time for this to roll off and

end up with higher rates. That provides

a nice window, right? So we have to be

careful not to make an overly dramatic

statement regarding an immediate

jump in the cost of our debt burden; it’s

something that would gradually come

in, but I don’t disagree with you. The

conclusion that we have to get our fiscal

house in order before those rates go up is

absolutely correct.

CHRIS: While rates might move moder-

ately higher, a big spike seems less likely.

Compared to where rates have been in

the last two to three years, savers may

find this is reasonably encouraging. It’s

definitely been a unique point in time.

ROBERT: Well, they used to say that

if you turned every recession upside

down it would say, “Made by the Federal

Reserve.” ✦

Statements contained herein are based solely on the opinions of the

commentators as of the date of this article, and are subject to change

without notice. Avenue Magazine cannot assure that any forward

looking statements will, in fact, occur. The information presented

should not be construed as investment advice or recommendations.

Past performance is no guarantee of future results


“If you turned every recession upside down it would say, ‘Made by the

Federal Reserve. —Robert

Kleinschmidt


AM0115_AD_Corcoran Mala Sander_r1.indd 1 18/12/14 1:32 pm

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

65 WEST 13TH STREET | $7,000,0008 rm, 3 br, 3 ba | Web ID: 0019813 Caroline Rocco | 212.606.7744

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

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

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

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

GLAMOROUS MAISONETTE | $6,500,0007 rm, 3 br, 3 ba, 1 hf ba | Web ID: 0019874 Serena Boardman | 212.606.7611

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

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

1 CENTRAL PARK SOUTH | $15,000,0005 rm, 3 br, 3 ba | Web ID: 0019845Louise C. Beit | 212.606.7703

333 EAST 57TH STREET | $3,995,000 9 rm, 4 br, 4 ba | Web ID: 0019860 R. Gianopulos 212.606.7622 | S.Ponte 212.606.4109

TIMELESS APPEAL

555 PARK AVENUE | $12,500,00010 rm, 4 br, 5 ba | Web ID: 0019862Austin B. Schuster | 212.606.7797

AM0115_AD_Sotheby Listing_r1.indd 1 18/12/14 2:53 pm



WALLY TURNER561 301 2060

[email protected]

Palm BeachFine Properties

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

AM0115_AD_sotheby Wally Turner_r1.indd 1 17/12/14 11:23 am


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

THE CLAREMONT HOUSE52 East 72nd Street Penthouse. This 6,400-square-foot penthouse encompasses four

spacious floors, with 1,200 square feet of landscaped terraces. With north, south, and east

exposures and an abundance of light, this residence has 48’ of frontage on 72nd Street

and feels like a private townhouse in the sky. $17.95M. NET #: 267205. Contact Richard Steinberg @212.439.5183 or Matthew Slosar @212.439.4531

Warburg Realty

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

Wald Real Estate

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

Saunders & Associates

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

Sotheby’s International Realty

AM0115_ADV-PROPERTY_r2.indd 118 12/18/14 4:57 PM



Palm Beach Fine Properties

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

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

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

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

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

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

AM0115_AD_Sotheby Palm Beach_r1.indd 1 16/12/14 4:15 pm

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Elizabeth Stribling, known throughout her career for her impeccable style and uncanny insight into the luxury real estate sector, founded Stribling & Associates in 1980. Starting with just 8 agents

and a boutique offi ce on Manhattan’s Upper East Side, the fi rm has grown to over 300 agents with offi ces in Brooklyn, Chelsea, and Tribeca, in addition to the Uptown fl agship offi ce on Madison Avenue. Today Stribling’s daughter, Elizabeth Ann Stribling-Kivlan, is the youngest president of a residential brokerage in New York City, working alongside her mother, who remains active as chairman.

Stribling and Kivlan are a dynamic duo who, together, have broadened the fi rm’s areas of expertise, creating a fl ourishing new development division, Stribling Marketing Associates. The division currently represents a wide variety of projects in Manhattan and Brooklyn. They’ve also focused on integrating technology and new media, creating a dynamic online presence for the fi rm and its agents. As a result, Stribling & Associates won the 2013 Luxury Real Estate Award for Best Website (www.stribling.com), among other accolades.

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

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

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

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

Running the New York Real Estate Market

“Making sure the client has the best experience is always our top priority.

There’s a reason 80% of our business comes from referrals . . .”

SIG

RID

ES

TR

AD

A

AM0115_ADV-STRIBLING_r1.indd 122 17/12/14 12:01 pm

PALM BEACH, FLORIDA

“Specializing in Palm Beach Luxury Properties Since 1989” (561)820-9195 www.LindaOlsson.com

Established 1989

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

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

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

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

Magical. Cozy. Charming. Great EnergyCottage Rental available beside the Hudson

250 yr old cottage once home to George Wash-ington’s dogs & horses. Perfect work space for artists, musicians, yoga and psychotherapy practitioners, etc. Wonderful space for water enthusiasts as well – kayak, sail, stand up paddle on the river. Ideal for potential tenants seeking work/play space (perhaps weekend retreat) – not day in/day out home.

South cottage at 747 Piermont Avenue. Private courtyard entrance, maintained gardens, patio, sea wall, beach & two entrances. Exposed barn beams & doors, wood burning fi replace, a/c, heat, 750 square feet, 3 rooms, unobstructed water views throughout. $2650/mo ($1000 fi nders fee available)

For more information, please contact: Scott at 917-494-5252

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

Your natural necklines are the talk of the Upper East Side, is your technique different from that of other surgeons?More and more of my patients are asking for neck-tightening surgery and are happy with their faces the way they are. They come in and say, “I just want my neck done, I don’t want to look like one of those Housewives on TV”. Patients want to look like themselves, just refreshed with a more youthful jawline.

Traditional lifts pull the skin too tight and leave unsightly scars. We have all seen these people walking down Park Avenue with wind-blown faces that can be spotted a mile away. My technique is not based on pulling skin, instead it tightens the fascia and muscle. This targeted jawline rejuvenation surgery redrapes deeper structures and gives a more natural look. And with the newer short-scar techniques incisions are almost invisible, hidden inside and behind ears. With each patient I take an individualized and customized approach to achieve beautiful and balanced results. My offi ce is totally committed to our patients’ well being while providing an environment of trust, professionalism and the highest level of medical expertise.

Avenue asks Dr. Marc Zimbler, Facial Plastic Surgery expert, his top secret tips for a more youthful neck

Nip & Tuck, the newest makeover for your neckline

MARC S. ZIMBLER, M.D. F.A.C.S.990 5th Avenue ◆ New York, NY 10075

◆ T: 212.570.9900 ◆ W: www.marczimblermd.com

“With an A-list of referring dermatologists, Dr. Marc Zimbler is focusing his attention on the neck.”

What is the best age to start thinking about surgery? For me I start to think about surgery when the jowls start to fall and neck skin starts to sag. Typically this starts to occur in the late forties and early fi fties. That being said, I am a strong believer in smaller surgical procedures at a younger age rather than more dramatic operations later on. Early rejuvenation typically lasts longer, has a quicker recovery, is less stressful for the patient and looks more natural. People today don’t want to look like they had surgery, they just want to look like themselves but refreshed and rested. My job is to make them look fantastic for their age. ✦

Dr. Zimbler is a native of Manhattan and trained at the Mount Sinai Hospital and NYU

Medical Center. He is board-certifi ed in Facial Plastic & Reconstructive Surgery and is a

Diplomat of the American Board of Facial Plastic Surgery. He is a Fellow of the American

College of Surgeons and the American Academy of Facial Plastic Surgery. He has been

named in New York magazine’s Best Doctors, The New York Times Superdoctors, and

Castle Connolly’s Top Doctors in New York.

AM0115_ADV-DR ZIMBLER_r1.indd 124 17/12/14 11:41 am

Brings you the all the society news you need from Madison to Meatpacking. Find out who was where, get recaps of the week’s hottest parties, stay up on gallery openings, gala schedules and when and where our favorite brands are opening their gilded doors around the city. We make it our mission to keep tabs on the AVENUE, so sip up all the style and society gossip we are serving up with your morning latte and sign up to get AVENUE in your inbox every month!

AVENUE m a g a z i n e . c o m

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

608 ISLAND DRIVE, PALM BEACHPrestigious Everglades Island regency with four bedrooms and four and a halfbaths. Home features beautiful water views, 2 car garage, dock with boat lift, and pool overlooking water. Lot size approximately ½ acre.EXCLUSIVE - $7,575,000

209 WELLS ROAD, PALM BEACHElegant Regency 4BR/4.5BA home privately situated on lush garden property. Near town, high ceilings, beautiful natural light, sophisti-cated dining room surrounded by the garden.EXCLUSIVE - $5,300,000

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

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

Elaine Sargent’s involvement in the medical community began in her 20’s in Montreal when she helped fund her uncle’s research on artery transplants, which revolutionized heart transplant procedures around the world. Inspired by his work, Sargent created the Arthur M. Vineberg Scholarship

at McGill University in Canada. Dr. Jeffrey Borer, Chairman of Medicine at SUNY Downstate said, “Elaine Sargent has been a generous supporter of medical research for many years, carrying on the tradition of medical discovery initiated by her uncle, the late Arthur Vineberg, a pioneering cardiac surgeon.” Sargent and her husband Daniel Sargent, who built the corporate end of Solomon Brothers, helped fund Dr. Borer’s cardiology research when he was at New York Hospital as well as Dr. Pat Walsh’s Prostate Cancer research at John Hopkins University. “Its important to help train young doctors who will become tomorrow’s leaders in research,” says Sargent.

Though Sargent is still very active in healthcare issues, she has recently devoted much of her time and money to support her new love: the theater. The dedication she shows towards medical research has now extended to support workshops where new writers, directors and plays are being developed. “Daniel and I would go to NY Theater Workshop and see the rehearsals. They did such an exceptional job, we wanted to support their work and off-Broadway shows.” While many people are interested in the glamour of Broadway, Sargent is passionate about what theater can do for young talent and children who stutter. She has supported the Our Time Theatre Company, the Roundabout Theater Company, the Manhat-tan Theater Club, Playwrights Ho-rizon, Primary Stages, the Lincoln Center Theater and NY Theater Workshop, among many others. “When I like a play or see a lot of potential in a script, I like to go back 3 or 4 times. It is crucial to support new talent and it is very exciting to watch it develop,” adds Sargent. Elaine and her great friend, the late Kitty Carlisle Hart, used to go to the theater two or three times a week.

In addition to her work for medical research and the theater, Sargent stays busy running her own money and being supportive of the social and political causes important to her. “I feel very strongly about the right for same-sex couples to marry and adopt, ” says Sargent. In politics, Sargent remains open-minded, “I support whoever I think can be trusted - on either side of the spectrum,” she adds. It comes as no surprise that the legacy of Sargent’s commitment to her

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

The Art of Giving

“In addition to her work for medical research and the theater, Sargent stays busy running her own money and being supportive of the social

and political causes important to her.”

Supporting Charitable Initiatives

AM0114_ADV-ELAINE SARGENT_r1.indd 127 17/12/14 11:50 am

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

of his favorite Greek islands: Mykonos.

based liquor company that makes a native liqueur called Mastiha. And in the abstract sense, Papanicolaou is all about sharing his Greek culture

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

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

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

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


PAME!Living the Greek li fe wi th Nick Papanicolaou

P O S T C A R D F R O M . . . | by H A L E Y F R I E D L I C H

AM0115_POSTCARD FROM_r2.indd 128 12/18/14 2:25 PM

YA-spirationI recently pilot-launched a premium Greek spirit called YA. I have always loved Greek food and drink. About eight years ago, I started to see the emergence of Greek digestive spirits, not only as after-dinner drinks but as something that could be enjoyed on the beach or in cocktails. I played with the idea for a bit, and shortly after graduating business school I had my aha moment in the summer of 2009, when I witnessed the essence of Mykonos in action. I brought friends from various distinct backgrounds to enjoy the holiday with me. When I saw one of my WASPy-est New York friends Greek-dancing with his arm around a Colombian guy, an Israeli girl and a Greek from Sparta, I felt inspired. It was as if all my years of bringing American friends to Greece to share my culture with them had fi nally culminated in this one moment. It had to do with the Greek spirit, or philotimo as they call it. It was this force bringing us all together, tearing down cultural barriers, freeing our inhibitions to be vulnerable and open to a new experience, and bonding us together in a lasting and memorable way.

Shoe inMy favorite purchase is a pair of navy blue Greek espadrilles I bought this past summer in Mykonos. They’re effi cient (no laces to be tied or shoe horn to be used), they’re casual enough for the beach (not expensive and they slip right on and off like fl ip-fl ops), and they’re formal enough to be worn on most summer nights (they look like only slightly cheaper Ferragamo loafers, but they’re made of fabric). ✦

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

Packing hacksI stuff my sunglasses (in a hard case) in my shoes to save space. I wear size 14s, so I can fi t a few if need be. I told you I have big shoes to fi ll.

More on YAYA is made from mastika sap. And it is no coincidence that this product sticks, or binds, people together from all walks of life, to tear down our walls and embrace one another and the moment, however silly or “sappy” that moment may be. Finally, I’ve always felt that there are big shoes to fi ll in representing a unique cultural product. I feel an obligation—to the Greeks who did it well before me and those who will inevitably come after—to give it my all with my product and to really create something that has appeal to the larger American audience. With all that I’ve “taken” from Greece in my travels, I want to give back. I want to make Greece proud, so to speak.

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STEVEN ROCKEFELLER UNVEILS VIDEO ARTVideo artist Steven Rockefeller Jr., the nephew of David Rockefeller, who is the board president of the Museum of Modern Art, opened a � xed-frame video installation titled A Park Bench View at the Mattatuck Museum in Waterbury, Connecticut. Rockefeller moves forward from the movies Andy Warhol made in the 1970s, where the camera might be focused on, say, the Empire State Building for 24 hours, and Robert Wilson’s video portraits, where Brad Pitt or Isabella Rossellini might blink. Steven trains his camera on villagers dancing in New Guinea, a beach scene in Virgin Gorda with boats sailing serenely in the sea, a ski slope, a stream, or a statue of Michelangelo’s David, which comes alive when a bird lands on its head. Rockefeller calls his videos “Dynamic Postcards”: as they seduce the viewer into observing time tick by, frame by frame. With a collection of more than 2,500 videos made over ten years, his work also serves as a virtual diary of his thoughts on life. Steven credits both his father and his grandfather, Nelson Rockefeller, who was governor of New York State, vice president of the United States and an arts patron who built Lincoln Center, with inspiring his work as an artist. “My grandfather passed on a belief in the importance of risk and reward when embrac-ing new ideas. We all loved him for that,” he says, adding, “I owe my father the respect he taught me for the spiritual power of nature, its

value to us and the privilege we enjoy being in its midst. Places like Maine and Norway are sacred to him. For this reason, we as a family continue to be stewards of nature.” Steven’s ever glamorous wife, Kimberly Rockefeller, greeted Steven’s father and other members of the Rockefeller family, as well as Patricia Hearst Shaw and the museum’s director, Robert Burns. mattatuckmuseum.org

AUDREY GRUSS’ HOPE FOR DEPRESSIONAudrey Gruss, the founder and chairman of the Hope for Depression Research Foundation, honored Mayor de Blasio’s daughter, Chiara, and David O. Russell, who directed Jennifer Lawrence to an Oscar in Silver Linings Playbook and spoke movingly of his own family’s struggles, for their advocacy work on behalf of � ghting depression. Audrey said, “� is mind-brain illness is the cancer of the 21st century; over 20 million people su� er from it in the U.S. every year.” NYC’s � rst lady Chirlane McCray also spoke at the eighth Annual Luncheon Seminar, saying, “Bill and I have always been proud of Chiara, but watching her manage her recovery has taken our admiration of her to a whole new level.” Chiara said, “When I � nally decided that I wanted to stop dying inside from depression and addiction, I had help every step of the way from my amazing family.” � e seminar, emceed by Chuck Scarborough, featured HDRF’s Depression Task Force of seven rock- ©

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Art, Archi tecture, Leading Ladies, Hermès, LJ Cross and The IDEAL School

Jennifer Lawrence & David O. Russell @ AFI Fest

NYC’s fi rst lady Chirlane McCray & Audrey Gruss @ HDRF

Sharon Loeb & Princess Tatiana of Greece @

HDRF

IDEAL School founders Audra Zuckerman, Michelle Smith & Julia Harquail

Morgan O’Connor & Jasmine Lobe @

Pashion Week Pop-Up Exhibit

Kimberly & Steven Rockefeller Jr.

celebrating the opening of A Park Bench View @

Mattatuck Museum

Cassandra Seidenfeld @ Womens

Project Theater

Gala

WHAT’S DOING IN GOTHAM

S O C I A L S A F A R I | by R . C O U R I H A Y

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star doctors and focused on “Depression in Children and Adolescents.” Leading the applause were Princess Tatiana of Greece, Martin Gruss, Kathleen Hearst, Jay McInerney, Sharon Lehman, Ralph Destino Sr., Edward and Liliana Cavendish, Somers Farkas, Mu� e Fitzgerald, Sharon Bush and 300 others of that ilk and stripe. hopefordepression.org

MORGAN O’CONNOR’S ART WORLDRalph Lauren model, Mercedes Benz fragrance ambassador and art entrepreneur Morgan O’Connor hosted a “Pashion Week Pop-Up Exhibit” at his Greenwich Village carriage house and gallery, showcasing paintings by Beau and SeanPenncils. Among those checking out the edgy art were Timothy Goodwin, Elizabeth Gaynes, Liam McMullan, Amanda Manning, Stephen Orso, Bunny Laughlin and Gabriella Pawelek. seanpenncils.com

LISA JACKSON’S HAPPENING� e opening of designer Lisa Jackson’s LJ Cross boutique on Madison Avenue bene� ted the Parrish Art Museum. � e fun evening became a “happening” when more than 100 people, including Vera Wang, Nicole Miller, Carol Mack, Marcia and Richard Mishaan, CeCe Cord, Laura and Harry Slatkin, and Dana Hammond Stubgen, spilled out onto the street, with many carrying mini champagne bottles with straws stuck in them. � e sleek shop features luxe fashion items, including irresistible two-tone mink stoles, home accessories, drop-dead-chic minimalist jewelry and a must-have $48,000 gray alligator clutch adorned with one of Lisa’s signature white gold and diamond cobblestone crosses. Donald Jackson, Helen Schi� er, Dennis Basso, Jill and Whitney Fairchild, Mark Gilbertson, Debbie Loe� er, John Demsey, Elaine Sargent and Olympic gold medalist � gure skater Evan Lysacek were among those admiring Lisa’s curation of unique gems and gi� s. ljcrossny.com

HERMÈS HONORED BY THE FRENCH HERITAGE SOCIETYInterior designer Timothy Corrigan and Hermès International were hon-ored by the French Heritage Society for their commitment to preserving French culture at the Pierre. Ambassador of France Gérard Araud and Ber-trand Lortholary, the Consul General of France in New York, welcomed the Francophiles along with FHS chairman Elizabeth Stribling, who said, “We have contributed to over 500 restoration grants both in the U.S. and France since 1982.” Odile de Schiétère-Longchampt accepted on behalf of Her-mès International. Guests included Blaise Guerrand-Hermès, Margaret Russell, William Ivey Long, Baroness Laurie Bodor, Comtesse Caroline Brownstone and Nicole DiCocco. Crooner Cole Rumbough performed with society bandleader Alex Donner and his orchestra, and everyone le� with an Hermès gi� bag. It’s the only way, really. frenchheritagesociety.org

THE IDEAL SCHOOLHenry Kravis led the applause at the IDEAL School & Academy’s 10th Anniversary Gala, which honored Kenneth Mehlman, the Global Head of Public A� airs for KKR. Mehlman said, “Richard Branson has argued that his unique business intuition results in part from his dyslexia. Because he processes information di� erently, he thinks di� erently.” � e evening celebrated the school’s mission of inclusion and excellence in education, which includes both typical and special-needs children in the same classroom. Accepting kudos on the IDEAL School’s positive pro� le in the Wall Street Journal were board president Mitch Rubin; cofounders Michelle Smith, Audra Zuckerman and Julia Harquail; and head of school Angela Bergeson. theidealschool.org ✦

John Demsey, Dana Hammond Stubgen & Dr. Patrick

Stubgen @ LJ Cross

Tony Ingrao & Randy Kemper @ Holiday

House Benefi t for Evelyn Lauder’s Breast Cancer

Research Foundation

French Heritage Society co-chairs Jean Shafi roff, CeCe Black, Odile de Schiétère-Longchampt, Ann Van Ness, Deborah Royce & Elizabeth Stribling

Christine Fisher & honoree Ken Mehlman

@ IDEAL School

Angela Bernhard-Thomas, honoree, Emilia Kabakov & Dianne B. Bernhard @ National

Arts Club’s Gold Medal Awards

Billy Morrissey & Brittany Brown @

IDEAL School

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WHAT IS YOUR PRESENT STATE OF MIND? Excellent.

WHAT ARE YOU UP TO AT THE MOMENT? Promoting my new book, Palm Beach People, with photographer

Harry Benson.

WHAT’S YOUR FIRST PALM BEACH MEMORY? Eating fresh orange on a stick at the B and T [the Bath &

Tennis Club].

WHERE DO YOU GO TO BE INSPIRED IN PALM BEACH? Our dock is the perfect place to take in a view of the water and of the Intracoastal waterway. The water is endlessly fascinating as it is always changing with the light and the weather.

WHAT IS YOUR MOST MEMORABLE MOMENT IN PALM BEACH? Breaking 90 on the golf course many a moon ago.

H ilary Geary Ross is the quintessential Palm Beacher, with bouncy blond hair and a penchant for social events and mingling. When she’s not in Manhattan or Southampton she heads down south

to play hostess to some of the most festive celebrations in the neigh-borhood. Apart from being a society columnist, Ross enjoys spending time at Windsong, her 1939 Georgian Revival manor, with her husband, Wilbur Ross. And what better way to pay homage to the resort community than to re-lease a new book? Palm Beach People shows readers a glimpse inside the exclusive world there, and here she shares with us just some of her favorite things.

AVENUE’s back-page column asks Palm Beach notables our version of the questionnaire made famous by Marcel Proust

Hto play hostess to some of the most festive celebrations in the neigh-borhood. Apart from being a society columnist, Ross enjoys spending time at Windsong, her 1939 Georgian Revival manor, with her husband, Wilbur Ross. And what better way to pay homage to the resort community than to re-lease a new book? a glimpse inside the exclusive world there, and here she shares with us just some of her favorite things.

AVENUE’s back-page column asks Palm Beach notables our version of the questionnaire made famous by Marcel Proust

HILARY GEARY ROSS

WAS THERE A CAREER MILESTONE OR MOMENT THAT CHANGED EVERYTHING FOR YOU? Publishing my book New York, New York with Harry Benson in 2011.

IF YOUR APARTMENT WERE ON FIRE, WHICH THREE THINGS WOULD YOU RESCUE? I would just run, run, run!

WHAT’S YOUR BIGGEST EXTRAVAGANCE? Our art collection, which Wilbur and I do together as a team. We never buy a painting or art object

unless we both like it.

DO YOU HAVE A RECURRING DREAM? Flying through the air, it is fun!

WHERE IS PARADISE FOR YOU? Home in Palm Beach!

WHAT’S YOUR MOTTO? The “golden rule”: Do unto others as you would have them do unto you.

BEST MEAL YOU’VE HAD IN PALM BEACH? Dinner by our cook Jacky. On her day off we visit excellent Palm Beach

restaurants like Buccan, Chez Jean Pierre, The Kitchen and more.

WHAT DO YOU MISS MOST WHEN YOU’RE OUT OF PALM BEACH? The glorious climate that allows you to spend so much time outside.

HOW DOES PALM BEACH INSPIRE YOUR ART? It is such a happy and relaxing place to be; it inspires creativity.

WHO WOULD BE YOUR FAVORITE DINNER PARTNER? A fantasy: Oscar Wilde

with Thomas Jefferson.

PLEASE SHARE SOME OF YOUR SECRET DISCOVERIES IN PALM BEACH. Palm Beach off-season is a delight; lots of wonderful people are here and the tennis courts, golf courses and restaurants are less crowded.

WHAT IS YOUR FAVORITE PALM BEACH CLICHÉ?Men without socks!

WHAT DO YOU WANT TO BE WHEN YOU GROW UP? An architect. ✦

WHERE DO YOU GO TO BE INSPIRED IN

YOU?

WHAT’S YOUR MOTTO? Do unto others as you would have them do unto you.

W O R L D A C C O R D I N G T O . . .

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Southampton to Montauk...Sagaponack to Shelter Island

The Hamptons for Buyers, Sellers, Renters & Investors

Gary R. DePersiaLicensed Associate Real Estate Brokerm: [email protected]

Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. 51 Main Street, East Hampton NY 11937 | 631.324.3900

East Hampton. A piece of American folklore can be yours for a summer or even a year when you rent East Hamptons fabled Grey Gardens 2 acre estate with pool and tennis next to Georgica Beach. Originally designed by Joseph Greenleaf Thorpe in 1897, this 6,000 SF+/- Hampton original, was totally renovated and restored to its originally condition with the addition of today’s amenities when the current owners rescued it some 30 years ago. With gracious common rooms coupled with enough bedrooms to comfortably house all your special guests, this ode to another era additionally offers heated gunite pool, Har-Tru N/S tennis court and of course the legendary gardens, which are likely to be some of the most beautiful you will ever see. Stroll to Georgica Beach a few hundred yards away or sip something iced in the little stucco cottage hidden within the lush landscape. History can never truly be owned but you can become a part of it this year if you are quick enough to rent this storied estate. Inquire about custom date ranges.

Exclusive. MD-LD $250K ; July/August(LD) $225K ; Y/R $295K WEB# 99958

GREY GARDENS

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Documents

AVENUE January 2015