ISSUE #02

P R I V A T E B A N K

WEATHERBYS

HORSE PLAYBRINGING LATER LIFETO LIFE

THE GALLERY OF IDEASYANA PEEL’SDISRUPTIVE VISIONS

A RELATIONSHIP OF MUTUAL RESPECT

EMBRACING EVERY SECOND

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A C K N O W L E D G E M E N TS

C O N T R I B U T O R S

LUCIA VAN DER POSTLucia has dispensed advice on style and living for more than three decades. With her subtlety, taste, common sense, confidence, and witty, aphoristic style she has remained at the pinnacle of lifestyle journalism. She is best known for her work at the ‘Financial Times’ where she launched the ‘FT’s’ ‘How To Spend It’ magazine, and is still an associate editor.

J U LIA ZALT Z MANWriter, editor, and project manager Julia Zaltzman specialises in luxury lifestyle feature writing, and the production of bespoke coffee-table books. The editor of ‘FRASER’, ‘SuperYacht Industry’, and ‘Natural Beauty News’, she writes for high-end consumer and customer magazines with an ultra high net worth readership.

WEATHERBYS MAGAZINE Published on behalf ofWeatherbys Private Bank22 Sackville Street, MayfairLondon W1S 3DNUnited KingdomTel: 44 (0)207 2929 029privatebank@weatherbys.co.ukwww.weatherbysbank.com Weatherbys Private Bank is a trading name of Weatherbys Bank Ltd. Weatherbys Bank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number: 204571. Weatherbys Bank Ltd is registered in England. Registered number: 2943300. Registered Office: Sanders Road Wellingborough Northamptonshire NN8 4BX.

PUBLISHERFMS GLOBAL MEDIASuite 9, Beaufort CourtAdmirals Way, London E14 9XLUnited KingdomTel: +44 (0)203 772 4853fms.co.uk

CEO Nigel Fulcher

PUBLISHER Irene Mateides

GROUP EDITOR Sophie K. Cecil

PROJECT MANAGER Thea Sofie Rønnebæk

EDITORIAL ASSISTANT Imogen Smith

PRODUCTION DIRECTOR Nick Fulcher

GRAPHIC DESIGN Daniela Arnoldo, Lauren Robertson, Katie Smith, James Randall

ADVERTISING SALES Jill Ratcliffe: jill@fms.co.uk Vivian Brasil: vivian@fms.co.uk Shemin Juma: shemin@fms.co.uk Jon Clements: jon@fms.co.uk Nicole Wogman: nicole@fms.co.uk

CONTRACT PUBLISHING William Fulcher

CONTRIBUTORSNargess Banks, Lucia van der Post, Ian Cowie, Lauren Heinz, Adrian McGlynn, Julia Zaltzman, Emily Peck, Rohit Jaggi, Rob Crossan, Cathy Hawker, James Wallman.

COVER IMAGE Topical Press Agency/Stringer

CREDIT ALSO GOES TO p.16 David Bebber.p.17 2007 John Offenbach.p.18-19 2013 Luke Hayes.p.20 Nick Harvey.p.21 Design render by Kéré Architecture.p.22 left: WENN Ltd/Alamy Stock Photo, right: Zaha Hadid Foundation.p.24-25 Thomas Barwick/Getty Images.p.26 Courtesy of Auriens. p.27 Pixdeluxe/iStock.p.28 Courtesy of Auriens.p.30-33 Emmanuel Polanco. p.34-35 Joshua Jensen-Nagle. p.36 Miles Aldridge.p.37 Michal Macků. p.38 left: Martin Essl, right: Arthur Elgort.p.40 wibs24/iStock.p.42-43 Lordprice Collection/Alamy Stock Photo.p.44 top: Seraficus/iStock, bottom: Science History Images/Alamy Stock Photo.p.45 Mary Evans Picture Library/Alamy Stock Photo.p.46 Alan Crowhurst/Getty Images for Ascot Racecourse.p.47 top: Mary Evans Picture Library/Alamy Stock Photo, bottom: ZUMA Press, Inc./Alamy Stock Photo.p.48-53 Poppy Waddilove. p.54 Courtesy of the Soneva Foundation.p.56-57 Courtesy of the Wellcome Library, London.p.58-59 Courtesy of Sonu and Eva Shivdasani.p.60-61 Courtesy of the Soneva Foundation.p.68-69 Weedezign/iStock, fandijki/iStock, Courtesy of Doppler Labs. p.70 top: Courtesy of Doppler Labs, bottom: Courtesy of Mymanu.p.71 Courtesy of Bragi. p.72 Courtesy of Jabra.p.73 Courtesy of Waverly Labs.p.74 Pejagr/iStock.p.75-80 Courtesy of Hunter Gather Cook.p.78 bottom: Portrait of Nick Weston by Greg Funnell.p.82-83 A-image/Shutterstockp.84-85 left: Oversnap/iStock, right: Martin Barraud/Gallery Stock.p.86 Courtesy of Walk With Me Maps.p.87 Andresr/iStock.p.88 top: Tim E White/Alamy Stock Photo, bottom: Solis Images/Shutterstock.p.90 Courtesy of Cambridge University.p.91 Courtesy of Rose Lincoln/Harvard University.p.92 Courtesy of Cambridge University.p.93 top: Rungthum.lee/Shutterstock, bottom: Courtesy of Cambridge University.p.94 top: Janniswerner/iStock, bottom: Ferrantraite/iStock. p.98 Courtesy of RHS Chelsea Flower Show; Royal Ascot. p.99 Courtesy of Henley Royal Regatta; Masterpiece London; Gladwell & Patterson. p.100 Courtesy of Will Hobhouse.

© Weatherbys Bank Limited 2017. Whilst every care has been taken to ensure that the data in this publication is accurate, neither the publisher nor Weatherbys Bank Limited nor any of its subsidiary or affiliated companies can accept, and hereby disclaim, any liability to any party to loss or damage caused by errors or omissions resulting from negligence, accident or any other cause.All rights reserved.

No part of this publication may be reproduced, stored in any retrieval system, or transmitted in any form – electronic, mechanical, photocopying, recording or otherwise – without prior written permission of the publisher. Information correct at time of going to press.

Views expressed are not necessarily thoseof the publisher or Weatherbys Private Bank. Every effort has been made to trace the copyright holders of material used in this publication. If any copyright holder has been overlooked, we should be pleased to makeany necessary arrangements.

CAT HY HAW KE RA childhood spent in New York, Africa and Asia followed by two decades as a luxury travel journalist have only increased Cathy’s wanderlust. Her work has appeared in newspapers and magazines including the ‘Financial Times’, ‘The Times’ and the ‘London Evening Standard’. Next on her wishlist is a food and art tour across Northern Italy.

It gives me great pleasure to introduce

the second issue of Weatherbys Private

Bank Magazine.

This issue has been created with our

clients and friends in mind. Peppered with

remarkable imagery, it offers a feast of

topics, all written by a hand-picked selection

of acclaimed journalists, philanthropists,

experts and creatives.

As you turn the pages, learn more about the

disruptive visions of Yana Peel, the newly

appointed CEO of Serpentine Galleries,

join Lucia van der Post as she takes a closer

look at the baby boomers bringing later life

to life, get the most out of the new ISA with

guidance from Ian Cowie and start building

a collection of authentic contemporary

photography with advice from some of the

industry’s leading experts.

We created this magazine with you in mind,

so we hope you enjoy reading it and we

would love to hear what you think.

W E LCO M E

R OG E R W E AT H E R BYChief Executive

IAN COW I EIan Cowie joined ‘The Sunday Times’ in 2013. He was judged to be Consumer Affairs Journalist of the Year in the 2012 London Press Club Awards, having been personal finance editor of ‘The Daily Telegraph’ since 1989. Writing about savings and investments since then, he has seen and survived several stock market shocks.

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E M B RAC I N G E V E RY S ECO N DLucia van der Post brings later life to life

H O R S E P L AY Adrian McGlynn explores the history of man and steed

CO L L EC T I N G CO N T E M PO RA RY P H OTOG RA P H Y It’s high time to start investing according to the experts

N I C E R I SAsHow to make the most of the new nicer ISA

W H E R E T H E W I L D FOO DS A R E The Hunter Gather Cook brings the woodlands to your plate

CO N T E N TS

T H E GA L L E RY O F I D EASYana Peel shares her vision for the Serpentine Galleries

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10 C U RAT E D L U X U RY Need-to-know news for the discerning

40 P H OTOG RA P H Y CO M P E T I T I O N Calling all young aspiring photographers

48 A H EA D FO R H ATS The season’s most coveted hats

54 ST RO N G FO U N DAT I O N S How to set up a foundation with Sonu Shivdasani

63 A H O M E I N T H E H I G H L A N DS Live the life of a Laird

68 SO U N DS P E R F EC T The most exciting gadget of the year

82 T H E G E N E RAT I O N GA M E Helping your children onto the property ladder

90 CO U R S E O F AC T I O N We review the leading MBA courses

98 W EAT H E R BYS L I F E Highlights for your diary

100 Q &A : M Y M O N E Y M AT T E R S We meet Will Hobhouse of Heal’s

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C U RAT E D L U X U RY

10

Celebrated for his dream-like creations and predilection for tradition,

Zaeem Jamal is the UK’s ‘alchemist of design’. In his studio in Imperial

Wharf and boutique on the King’s Road, the British designer creates

intricately woven pieces with flowing, quintessentially feminine silhouettes.

With a global presence, his innovative and inspiring designs are to be

found in the wardrobes of the well-heeled. Each piece is exquisitely

tailored from the finest silk satins, chiffons and crepes, blending the

artistry of heritage with a contemporary luxurious aesthetic, to create a

unique and graceful brand. The main lines of occasion, bridal and resort

are available online and in the London boutique with bespoke services.

zaeemjamal.com

ZA E E M JA M A L

T H E A RT O F T R A D I T I O N

LO N D O N

Perrier-Jouët offers a once-in-a-lifetime champagne experience

at its historic home, Maison Belle Epoque in Épernay, tailored to the

individual’s tastes. Joining cellar master Hervé Deschamps in the

vineyards and cellars, you will learn the art of champagne production.

Over the course of the sensory journey, you will be educated in the

stories evoked by certain aromas and flavours, before determining

your unique champagne personality. After tasting the house cuvées

and sample blends based on your own taste profile, your personal

signature cuvée will be created then left in the cellar to mature for eight

months. Once fully matured, the unique bottle is available to collect,

adorned with Japanese anemones and a personalised engraving.

perrier-jouet.com

P E R R I E R - J O U Ë T BY & FO R

R A I S E A G LASS

G LO BA L

Inspired by modern femininity, Versace Timepieces have launched the

striking Palazzo Empire Collection, new for SS17. The new collection

comprises three exquisite watches each featuring Versace’s signature

Medusa head in 3D which, positioned between two pieces of glass,

gives an illusion of floating above the centre dial. This stunning

embellishment is not only a bold celebration of femininity, but enhances

the watch’s sunray guilloché dial. The top ring on each Palazzo Empire

timepiece is adorned with an enamelled Greek key design, available

in total white, resolute black or pastel pink, each featuring a fine,

supple calfskin strap.

versace.com

V E R SAC E

M O D E R N F E M I N I N I T Y

G LO B A L

The illustrious glass manufacturer Moser may be turning 160 this year,

but that hasn’t stopped it from pushing boundaries with its 2017 collection.

Keeping its work fresh by collaborating with contemporary glass

artists, Moser has updated the traditional designs in a way that is both

modern but timelessly elegant. What it has maintained over the course

of its history is meticulous craftsmanship, producing the new collection

using the same techniques as were used over a hundred years ago.

The highlight of the collection is the limited edition Melody vase.

The vase’s undulating silhouette and colour transitions elegantly

showcase Moser’s high level of artistic craftsmanship.

moser-glass.com

M OS E R

C R YSTA L C L EA R

G LO BA L

Since 1885, Turnbull & Asser has been a cornerstone of London’s

tailoring scene. Adhering to its ‘Made in England’ mantra, the tailor’s

shirts, ties and pocket squares are meticulously handcrafted by

skilled cutters and seamstresses. It has long been the choice of those

in the know, from members of the Royal Family to world leaders.

The Legends Collection pays homage to these influential figures,

reinventing historical pieces – such as Sean Connery’s shirts from

‘Dr No’ – for the 21st-century gent. Turnbull & Asser has always been

associated with the sophisticated spirit of James Bond, which must

have something to do with the fact that Ian Fleming was a customer.

turnbullandasser.co.uk

T U R N B U L L & ASS E R

D R ESS I N G BO N D

LO N D O N

Terry O’Neill, the photographer who defined the Swinging Sixties and

Seventies, has collaborated with artist Alexandra Llewellyn to create the

Goddesses board. Handmade and crafted from the finest ebony wood,

the backgammon set features Terry’s iconic photography of Brigitte

Bardot, Raquel Welch, Goldie Hawn, Jean Shrimpton, Audrey Hepburn

and Twiggy. Best of all are the elegant mother-of-pearl and glass

playing pieces, with leather-inlaid bases adorned with a camera

aperture. The dice shakers are also uniquely engraved with Terry’s

camera ‘click’ fingerprint. Each limited edition board is personally

signed by O’Neill and is priced at £5,800.

alexandralldesign.com

A L E X A N D RA L L E W E L LY N

B ES PO K E BAC KGA M M O N

LO N D O N1312

Elan Spa at Mallory Court is an oasis of tranquillity. Nestled among

Mallory’s beautiful gardens, this peaceful retreat combines countryside

chic with subtle glamour, and – with its exceptional facilities and

products – it is just the spot in which to de-stress and rejuvenate.

Against the backdrop of the luscious gardens, guests can bathe in the

outdoor vitality pool or unwind in the thermal retreat. After indulging in

replenishing spa rituals, a glass of chilled champagne is the perfect end

to a relaxing day. Elan Spa exclusively uses ila products but for all-out

pampering, plump for the ila spa experience, which includes an overnight

stay and personal in-room treatments such as the Ku Nye Massage.

mallory.co.uk

E L A N S PA AT M A L LO RY CO U RT

WA R W I C KS H I R E W E L L B E I N G

WA R W I C KS H I R E

C U RAT E D L U X U RY

The Bentley Continental Supersports is the world’s fastest luxury four-

seater car. Accelerating from 0–60 mph in 3.4 seconds and reaching

a top speed of 209 mph (336 km/h), it is Bentley’s most powerful

model yet. The car’s sharp, athletic aesthetic is uniquely designed to

enhance performance. Bentley’s mighty W12 engine has been revised

for the Supersports, with new high-performance turbos and redesigned

engine hardware. The new torque vectoring system allows the car

to accelerate rapidly from a standstill, providing a model that is both

powerful and extremely agile. Through blending luxury with performance,

the Supersports defines and dominates the touring genre.

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B E N T L E Y

POW E R A N D PAC E

G LO BA L

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Spanning five generations, Robbe & Berking is a family-owned

company that creates some of the world’s most elegant silverware.

The Martelé Bar collection includes vessels for both casual and fine

dining, from beautiful champagne flutes to iconic cocktail shakers.

Each piece is exquisitely designed so as to ensure that every

drink or cocktail is a work of art. As the collection is handcrafted

from the finest silver, the drinking vessel immediately assumes

the temperature of the beverage, resulting in a fresh and vibrant

taste. Created to complement refined ingredients, the exclusive

set comes in sumptuous packaging and is individually engraved.

For a limited amount of time, these bespoke vessels are available

as gift sets.

robbeberking.com

RO B B E & B E R K I N G

R A I S I N G T H E B A R

G LO B A L

Longines, one of the world’s leading watchmakers, is celebrating

six decades since the launch of its iconic Flagship watch with the

introduction of the Flagship Heritage – 60th Anniversary collection.

Inspired by the Flagship model kept at its headquarters in Saint-Imier

in Switzerland, this new classic timepiece comes in steel, yellow gold

or rose gold. The original design was inspired by the ship upon which

the flag of the fleet’s Commander in Chief snaps in the wind. In keeping

with the original watch, the limited edition models are numbered and

display the caravel on the back. Timeless and subtly elegant, the

watch features a white dial, thin profile and fine fasteners. Crafted with

meticulous precision and skill, the Longines Ambassador of Elegance,

Kate Winslet, chose the face of the watch herself.

longines.com

LO N G I N ES

SAV I N G FAC E

G LO BA L

C U RAT E D L U X U RY

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I N S P I R I N G I N T E RV I E W

YANA PEEL IS FEARLESS.

HERE THE PHILANTHROPIST,

ENTREPRENEUR AND CEO

OF LONDON’S SERPENTINE

GALLERIES REVEALS HER DESIRE

TO TRANSFORM THIS SPACE INTO

AN OPEN LANDSCAPE OF

ART AND IDEAS

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Previous page, left:Philanthropist, entrepreneur and CEO of London’s Serpentine Galleries, Yana Peel.

Previous page, right:The Serpentine Gallery.

Right:The Serpentine Sackler Gallery.

“Peel admires creatives with disruptive ideas, one of Hadid’s most applauded traits, and a vision shared by Serpentine’s Artistic Director Hans Ulrich Obrist”

“These artists are excited by the opportunities the Serpentine Gallery presents and we are excited to work with them. We are a small gallery in terms of our footprint, but with a local, national and international reach,” begins Yana Peel, philanthropist, entrepreneur and, for the last year, Chief Executive of the Serpentine Galleries in London. She is speaking of the impressive list of creatives – Man Ray, Andy Warhol, Frank Gehry, Gerhard Richter, Damien Hirst, Jeff Koons, Herzog & de Meuron and Ai Weiwei, to name a few – who have displayed here since the gallery opened in 1970.

We are meeting at Peel’s office above the Serpentine Gallery, the discreet former 1930s tea pavilion nestled amongst nature in Kensington Gardens, Hyde Park. You come across the gallery almost by chance only to be surprised at some of the world’s most inspired exhibitions of contemporary art and design. A short stroll across the bridge to the north side of the lake sits the sister Sackler Gallery. Opening in 2013, the curvaceous white structure is the work of the fearless late architect Zaha Hadid, a close friend of Peel’s.

It is therefore not surprising to read that Peel admires creatives with disruptive ideas, one of Hadid’s most applauded traits, and a vision shared by Serpentine’s Artistic Director Hans Ulrich Obrist. I ask how important it is for a public gallery like the Serpentine to lead the way in exploring how the arts can help shape society and vice versa.

“Essential,” she replies passionately, “and it is the artists who are best placed to do this. That is why everything we do is artist led.” Much of what happens here is free of charge to see and the exhibitions, talks and architectural programmes attract over a million visitors annually. Under the leadership of the former Chief Executive Julia Peyton-Jones and Obrist’s artistic vision, the Serpentine has evolved into a seductive space for dialogue around the role of contemporary visual culture. Peel is eager to explore this narrative further.

At 43, she is incredibly accomplished. Born in St Petersburg, Peel grew up in Canada, completing her education at the London School of Economics. Following a stint at Goldman Sachs, she moved into art philanthropy, co-founding Outset Contemporary Art Fund in 2003 as a hub for creative funding solutions for cultural projects. She sits on the arts advisory boards of the Tate, V&A, Lincoln Centre and V-A-C Foundation Moscow. »

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She is a Young Global Leader of the World Economic Forum and a regular contributor to the Davos Annual Meeting on topics at the intersection of technology and visual arts. She serves as board co-chair at Para Site Art Space and the public debate forum Intelligence Squared, and still finds time to write her children’s book series Art for Baby.

In person, Peel is warm and expressive, speaking fast and passionately of her commitment to the arts, of her desire to speak to a broader audience, of engaging with the subject and viewers on a deeper level. “I am incredibly excited about this open landscape for art and ideas,” she tells me. “What we are trying to do is lure in the visitor who would normally not come. It is about creating programmes around art, architecture, fashion and music and about collapsing these universes. It is about being a hub for these kinds of multiple discussions which are so relevant in our world today.”

This means exhibiting artists who are controversial, who speak to a wider audience such as the summer exhibition Grayson Perry: The Most Popular Art Exhibition Ever!. The Turner Prize-winning British artist is also a well-known figure outside of the art world; he is engaging and provocative and one of the most astute commentators on contemporary culture. Peel agrees, “as you can tell by the show’s title, Grayson wants to address head-on the question of popularity and populism – who comes to an art gallery and why. Grayson is excited by the Serpentine space. What will someone walking in from the park make of his work? It’s exciting, no?”

This summer also sees the first solo show in the UK of another artist with a unique voice – the American cinematographer and filmmaker Arthur Jafa, who has a cult reputation for his outstanding work with directors Stanley Kubrick and Spike Lee, and for his music videos  for Solange Knowles. Through these and his independent films, Jafa explores how black films can achieve the sense of theatre found in black music. “Here he will be reinventing the Sackler Gallery, taking his message right across London with a series of interventions in unexpected places,” she teases, revealing no more.

Then there is the annual summer Serpentine Pavilion project, which sees a visionary architect, typically at the cusp of contemporary ideas, create a temporary structure alongside the Serpentine Gallery to be explored and enjoyed by the public during the summer months. It is architecture as installation art and, since its inception in 2000, has become one of the most anticipated events in the architectural calendar.

Last year, the fashionable young Danish architect Bjarke Ingels’s pavilion broke visitor records. This summer, Berlin architect Diébédo Francis Kéré’s pavilion will mimic a tree inspired by the one which served as a central meeting point in his childhood village of Gando,  Burkina Faso. His architecture seeks to connect its visitors to nature and to one another.

“The Pavilion has such a history and Hans Ulrich and I, in making our first joint selection this year, were so mindful of that,” she says adding quickly that the team equally wanted to push things forward. “Kéré’s work is so exciting. He is a marvel, and perhaps the nicest man you will ever meet, with community and sustainability at the very heart of his practice. His design is the inspiration for a new piece of programming that will bring even wider audiences in to what we call an open landscape of art and ideas.”

Above:Ron Arad, Yana Peel and Bjarke Ingels atThe Serpentine Summer Party 2016.

Right: The Serpentine Pavilion 2017 designed by Francis Kéré.

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Peel is referring to the Serpentine Marathons – talks, discussions, lectures that are all about promoting an open discourse. In their twelfth year, I ask Peel how she intends to make these even more inclusive. “At last year’s Miracle Marathon the second day was held in Brick Lane, mixing our west London magic with east London cool,” she smiles. “The atmosphere was fantastic and the audience definitely younger than ever. We also broadcast the event on Serpentine Radio opening it up to a whole new audience, giving people the chance to engage with the material on their own terms.”

Peel is acutely aware of the urgency to investigate different avenues to connect with the younger generation; in employing technology to provide access to wider audiences. She notes that the Serpentine is, and will continue to work, across all social media platforms, those they know and those they are about to discover. Peel and Obrist work intimately with the gallery’s Curator of Digital to help establish an open dialogue with the younger audience. “We need to make sure we are listening as well as talking,” she offers.

As part of this digital vision, Peel mentions 89plus, the on-going multi-platform international research project set up to investigate the impact of the Internet on the generation of creatives born in or after 1989. The scheme is run by Obrist in collaboration with Simon Castets, director of New York’s Swiss Institute and one of today’s most exciting young curatorial voices. »

Such projects cost money and the Serpentine relies on fundraising to make all this happen. The glamorous Serpentine Summer Party is a key event. “The parties are a joy and an opportunity! I know from my time with Outset what energy is created when you link different worlds. We couldn’t do what we do without support from our friends – artists, designers, creatives, visionaries.”

Earlier in the year, Peel took the critically acclaimed Zaha Hadid: There Should Be No End To Experimentation exhibition from the Serpentine to Hong Kong, and Simon Denny’s show to Shanghai, and she hopes to do more satellite global visits in the future.

In fact, she is about to hop on a flight to Hong Kong where she used to live, and tells me she cannot wait to do a little mountain climbing. With a full-time career and as a mother of two, I ask what drives her. “My goodness, so many things. Nature excites me. I live close by and walk to work but recently a friend gave me a skateboard and that really excites me.” She admits she loves being at the Serpentine surrounded by nature and creativity. “I am pathologically curious. I am very excited by exciting people and exciting ideas. My colleague Hans Ulrich excites me. Every day, the conversations we have with the artists – that excites me.”

As she gets up to leave the room, she turns back and says with a smile: “Watch this space as we are going to bring in different groups. We’re looking at how we can use our privileged position, use our platform, to bring in dissenting voices. Always better to debate a question than to answer.”

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Above:The colourful Turner Prize-winning artist, Grayson Perry.

Right:Confetti ‘The Peak’ formed part of the‘Zaha Hadid: There Should Be No End To Experimentation’ exhibition earlier this year in Hong Kong.

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Clients and their families come fi rst at Weatherbys, the private bank that off ers you the best of both worlds: new and old. Weatherbys Private Bank marries modern technology with an unrivalled history as a fi nancial services thoroughbred.

What does that mean in practice? Weatherbys treats every client like a member of its extended family, which has guided this company through seven generations of prudent stewardship since 1770.  Trust and security are key principles – but so are agility, fl exibility and decisiveness.

For example, current accounts and mortgages can often be approved in a single day. How refreshingly diff erent from the ‘computer says no’ disservice that has become sadly familiar at some other banks.

Too many rivals have eroded confi dence with call centres and a ‘box-ticking’ approach that can make long-standing customers feel like merely another number. But every client is a unique individual whose ambitions and requirements are paramount to the professional staff at Weatherbys.

If they can’t help you succeed in your fi nancial objectives, then they would feel they had failed. Fortunately, that doesn’t happen often because this bank has a long-established culture of ambition, energy and innovation. Coupled with the latest technology, that’s a tried-and-tested recipe for success.

Banking needn’t be diffi cult and dull. Making your fi nancial aff airs easier and more enjoyable are part of Weatherbys’ refreshingly modern approach. � e reality is reassuringly diff erent from the cliché of oak-panelled boardrooms and excessive formality.

A large proportion of Weatherbys’ new clients come via referrals from existing clients. � ere’s no more reliable testament to the unrivalled personal service and professional expertise this bank’s clients enjoy, than the personal endorsements they freely off er to their friends and family.

Whether you are a successful entrepreneur or have an inheritance, high net worth individuals shouldn’t need to have to worry about day-to-day wealth management. Capital preservation and careful wealth accumulation are at the core of Weatherbys’ culture and it relishes clients who demand the best.

� e  company weathered storms, including existential threats from Napoleon and Hitler, two world wars  and several stock market crashes, and entered the 21st century with confi dence. It could reminisce on a long and distinguished history, but it prefers to face forward, seeking new ways to help clients meet the challenges of the future, and to make the most of the opportunities these will create. 

‘WEATHERBYS: THE BANK THAT OFFERS YOU THE BEST OF BOTH WORLDS’

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SOFT-ADVENTURE? HARDLY. SHUNNING THE

QUIET LIFE IN FAVOUR OF MAKING EVERY

SECOND COUNT, THIS DEMOGRAPHIC OF

LATER-LIFERS ARE ALL ABOUT ACTIVITY,

FOR MIND, BODY AND SOUL. WITH TIME AND

MONEY ON THEIR SIDE, EVERY SECOND IS TO

BE CELEBRATED SAYS LUCIA VAN DER POST

E M B R A C I N G

W E L L B E I N G

E V E R Y S E C O N D

26

Previous page:A woman savours the stunning view of a lake before getting in for a sunrise swim.

Right: An active pensioner enjoys a sunny day at sea.

Above:A couple of later-lifers enjoy life as they stroll through the streets of Chelsea.

This year, it seems, over a million people in Britain will join that growing band of baby boomers – the over-seventies. Thanks to modern medicine, better hygiene, much greater awareness of the need to move more and eat less, even more of them are living longer and the good news is they’re having a ball. They’re the lucky generation. The ones who bought houses when prices were low, who are mostly mortgage-free and who have either left their working lives behind with great fat pensions or carried on working anyway, loving what they do and the extra income it goes on bringing in.

Their kids are off their hands, they’re zipping around town, buzzing off for long weekends to see an exhibition in Amsterdam, taking in the opera in Verona or some off-piste skiing in Courchevel. They soak up the latest Booker Prize winner as it comes hot off the press, they’re to be seen in all the best restaurants and they’re right up there when a new play arrives at the National or when Daniel Barenboim gives one of his finest performances.

As for the tell-tale signs of having slightly given up, those so beloved by the over-sixties from times gone by – the trousers with the easy waists, the permed grey hair, the comfy shoes – they’re just a myth from yesteryear. These days they’re doing pilates and yoga, they’re in tournaments at their tennis clubs, they’re wearing designer clothing, they get their hair cut in fashionable salons, and pampering, from manis and pedis to full-blown massages, is high up on their list of regular treats. Which is no doubt why a leading upmarket introduction agency that in years gone by wouldn’t take on any woman over fifty (“I thought it immoral to take their money when I knew I couldn’t help them” is how its founder put it), these days finds they are helping many men and women in their sixties, seventies and even eighties find new relationships.

And just try organising a gathering of any kind amongst the over-seventies set – you’d better be prepared for the long haul. They’re camping high up in the Himalayas, sailing round the Horn of Africa, lecturing on cruises or talking about their latest memoir at a literary festival in Sri Lanka. Their diaries are bulging and they’re almost as hard to pin down as any captain of industry. When they throw parties they really know how to do it in style. Fancy dress parties and happy knees-ups are often »

27

“They

’re c

ampi

ng h

igh

up in

the

Him

alay

as, s

ailin

g ro

und

the

Hor

n of

Afr

ica,

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ing

on c

ruis

es o

r ta

lkin

g ab

out

thei

r la

test

mem

oir

at a

lite

rary

fest

ival

in S

ri L

anka

”

28

Above: A pair of old friends meets up for a girl’s lunch.

Below: A later-lifer zips around town on his bicycle.

“Th

ey h

ave

tim

e, th

ey h

ave

mon

ey a

nd if

they

ha

ve th

eir h

ealth

– w

hat’s

not

to li

ke?” the way to go. A well-known journalist reported that for her seventieth

birthday recently, she’d thrown a tennis party and then spent the afternoon drinking Champagne. Nothing sedate or elderly about that. They take their friends and nearest and dearest to riads in Morocco, to palaces in India, to bush camps in Africa. They have time, they have money and if they have their health – what’s not to like?

For if there’s one thing that these lucky baby-boomers have in common it is that they’re not lying back in armchairs using the remote to switch channels – they’re off travelling. They came of age before the gap year had been invented, they mostly married young and had their children young so now they’re making up for lost journeys.

So today there’s a whole host of travel agents who have cottoned on to this demographic change and who are geared up to meet their needs. They will tell you that what these days is called ‘soft adventure’ is all the rage. The sixties and overs are learning to surf, to paddleboard, to ski and they’re honing their backhands down the line in tennis camps. Then there are those who travel to learn – a language, cooking, painting, pottery, creative writing – you name it, they now know you’re never too old to embark on something new. They’re open to new-age thinking – they love trying out new spas in exotic locations and along with the massages and the facials they drop in for some mindfulness, for some introductions to ancient ethnic rituals and they don’t mind roughing it if that brings them the exceptional experience they crave.

The canny ones, the ones who acknowledge that there will come a time when they will perforce have to slow down, buy into one of the increasing number of very upscale homes for the over-sixties. Property developers have been surprisingly slow to clock the fact that those who are accustomed to eating at The Ivy, who are members of 5 Hertford Street, who have travelled far and wide to the world’s finest cities and resorts, who want to keep up with the latest play and opera, need to end their days in something much finer, more luxurious and – critically – more fun than what has hitherto been on offer. Which is why Johnny Sandelson and Karen Mulville have decided to create Auriens, which they describe as “The Claridges of the retirement world”. Here septo-octo-nonagarians can buy an apartment as small or large as they like knowing that the bar will be glam, the library will be a place they long to spend time in, the food will be great, the spa will be lush and care can be bought in a series of calibrated packages as and when it’s needed. Somebody at last has noted that just because you’ve turned seventy, eighty or ninety it doesn’t mean you have to give up on fun and all the lovely things that life has to offer.

The problem is going to be keeping the under-sixties out – they, too, I wager, will want a slice of the fun.

DAKS_SS17_Wetherbys_325x240mm_RHP_220517_V1.indd 1 22/05/2017 11:48

WO

RD

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IAN

CO

WIE

ILLUSTR

ATIO

NS

BY EM

MA

NU

EL P

OLA

NC

O

NICER ISAsI N V EST M E N T

TAX-FREE INCOME AND GAINS ARE JUST

A CLICK AWAY. THE MOST FLEXIBLE TAX

SHELTER JUST BECAME EVEN NICER BUT

ANNUAL ALLOWANCES MEAN WHAT THEY SAY:

USE THEM OR LOSE THEM, SAYS IAN COWIE

3130

These characteristics mean ISAs are more flexible than, say, pensions where withdrawals cannot usually be made before the saver reaches 55 years of age. In many ways, ISAs and pensions are mirror images of each other, with tax relief on the latter being received on the way in – when contributions are made – and tax relief on the former being received on the way out, when money is withdrawn.

However, there is no need for ISAs and pensions to be seen as an either/or choice; you can have both – and should seriously consider doing so, if you can afford to commit the necessary funds. This raises the important point that the fundamental risk and reward characteristics of the underlying assets held in an ISA will remain unchanged.

For example, cash deposits can be regarded as risk-free in the short term because banks and building societies guarantee to return your original capital and there is a statutory safety net to protect depositors in the unlikely event of an authorised firm becoming unable to honour its obligations. The Financial Services Compensation Scheme can pay depositors 100% of losses up to £85,000 per person.

However, while interest rates remain at or near all-time-lows, many deposit accounts fail to pay sufficient returns to match the rate at which inflation is eroding the real value or purchasing power of money. This means that while you can be confident of getting back £1,000 for every £1,000 deposited, its real value may shrink over the medium to long term because of the insidious effect of inflation.

So it may be worth considering accepting some higher degree of risk in order to seek higher returns to preserve or increase the real value of your savings and investments. Shares listed on the stock market can provide higher income and gains but are riskier than bank or building society deposits.

It is very important to remember that share prices can fall without warning and you may get back less than you invest in the stock market. While the past is not necessarily a guide to the future, history does provide food for thought for people who can afford to accept some degree of risk in pursuit of real returns.

Comprehensive analysis of investment performance over the last century or more shows that shares reflecting the broad composition of the London Stock Exchange tended to deliver higher returns than deposits over the medium to long term.

Specifically, shares beat deposits in three-quarters of all the periods of five consecutive years since 1899. The probability of shares delivering higher returns than deposits increased over longer periods of time so that, for example, over any period of 10 years shares did best more than 90% of the time.

Volatility – or the tendency for share prices to fall without warning – remains a worry. So, to avoid the risk that you may be forced to sell during a temporary downturn, you should only invest money in a stock market ISA that you can afford to keep invested for five years or more. The more time you give your ISA to grow, the more satisfying the results are likely to be.

The sooner you consider getting started, saving and investing in an ISA, the sooner you can start to benefit from this tax shelter. Even making your ISA investment near the start of the tax year – which begins on April 6 – rather than waiting until the following spring can have a surprisingly beneficial effect.

John Butters, Chief Investment Officer at Weatherbys Private Bank, calculates that if a standard 4% per annum investment return is achieved, investing your ISA allowance at the start of each tax year over a decade will produce a fund worth nearly £10,000 more than if the same sums are invested with the same returns at the end of each tax year. Over 20 years, the difference would be £24,000.

That’s a bigger reward for ‘early bird’ ISA investors than you might expect and demonstrates the value of considering action without unnecessary delay. To return to where we began and the importance of taking a ‘timely and methodical approach’ to the new nicer ISA, it’s worth emphasising that the allowance is annual and expires each year at midnight on April 5.

You cannot go back to make use of earlier years’ unutilised ISA allowances. So, when it comes to making the most of this flexible tax shelter, it really is a case of use it or lose it.

You don’t need to go offshore to place your savings and investments beyond the grasp of the taxman. But you do need to take a timely and methodical approach to make the most of a government-sponsored onshore tax haven that just got even bigger and better than it used to be.

Yes, you may have guessed, I am talking about the individual savings account or ISA: a simple and convenient wrapper that can be used to shelter a wide range of assets from the beady eyes of HM Revenue & Customs. The ISA annual allowance – or the maximum every adult can save or invest each year in this tax haven – jumped by nearly a third to £20,000 on April 6, 2017.

So it makes sense to find out more about the new, nicer ISA. Because every adult has their own annual ISA allowance, a married couple or any other pair of people aged 18 or more may shelter £40,000 here this year – or a total of £200,000 over the next five years, assuming the rules remain as they are.

Any income or capital gains you receive from an ISA will be free of any further liability to income tax or capital gains tax, whatever your individual circumstances. That means the ISA wrapper can boost the benefit taxpayers receive from their savings by at least 25% – because they will receive £100 in every £100 of gross return, instead of £80 of net return after 20% basic rate income tax. High earners who pay income tax at 40% or 45% can boost their gross returns by at least two-thirds because they would only receive £60 or £55 net from every £100 of gross return from the same savings or investments outside the ISA wrapper.

It’s worth emphasising that these improvements are achieved without any increase in risk or regulatory requirements. You can choose to use your ISA to hold a familiar range of savings and investments including cash deposits, shares, bonds and pooled funds – such as unit and investment trusts or exchange traded funds (ETFs). There is no minimum period for which an ISA must be held to earn tax relief – nor any minimum age savers must attain before making withdrawals from an ISA.

“Any income or capital gains you receive from an ISA will be free of any further liability to income tax or capital gains tax”

32 33

3534

WO

RD

S BY

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UR

EN H

EINZ

CO L L EC T I B L ES

THE VALUE OF PHOTOGRAPHIC PRINTS

IS INCREASING BY SOME MARGIN AND

MATCHED BY INTEREST FROM SERIOUS

COLLECTORS AND GALLERIES. HIGH TIME

TO START INVESTING AND COLLECTING,

ACCORDING TO THE EXPERTS

C

O

N

T

E

M

P

O

R

A

R

Y

P

H

O

T

O

G

R

A

P

H

Y

C

O

L

L

E

C

T

I

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G

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on the cultural agenda in the UK has a trickle-down effect as galleries and therefore auction houses show more of an interest in the medium and more photography-specific art fairs emerge.

In 1971, Sotheby’s was the first auction house in the UK to put on a specialist photography sale. While this particular auction, instigated by photography specialist Philippe Garner, was just a one-off, the primary market for print sales in galleries began to take off in the 80s and by the 90s there was a solid secondary market for Sotheby’s, Christie’s and Phillips to begin their own photography-only auctions.

While traditionally the photography market had to fight against the idea of reproduction – with a negative or digital file, in theory there could be several copies of a photograph and therefore collectors are not buying an original – this argument is gradually losing traction. “Potential buyers quickly realise that it’s a question of integrity,” says Brandei Estes, Head of Photography at Sotheby’s. “Most photographers of merit with good, reputable galleries do not do that. They stick to relatively small editions and once they’ve sold the edition then that’s it.”

With the questions of authenticity no longer being thrown around, photography has become an increasingly affordable and accessible option for collectors. “With £100k you can buy work at a contemporary sale but it might be from a younger artist or a lesser-valued work of someone mid-career,” continues Estes. “But with £100k in the photography market you can easily buy the best work of a photographer, there’s a bigger list of names that you can spend that money on and you can get a masterpiece or start the foundations for building an exceptional photography collection.” »36

“With

£10

0k in

the

phot

ogra

phy

mar

ket y

ou ca

n ea

sily

buy

the

best

wor

k of

a p

hoto

grap

her”

In 2011, Andreas Gursky’s photograph Rhein II (1999) was sold for $4.3m, shocking the art world. Not only was the large-scale landscape now the most expensive photograph of all time – surpassing work by early 20th century masters like Edward Weston, Richard Avedon and Alfred Stieglitz – but, in terms of Gursky’s oeuvre, it was arguably bland. Just three years later, in 2014, Gursky’s record was crushed by another photograph of a landscape, Peter Lik’s Phantom (1999). The black and white image of a ghostly ray of light penetrating a canyon in Arizona – likened by the Guardian’s Jonathan Jones to “a posh poster you might find framed in a pretentious hotel room” – was sold to an unnamed buyer for $6.5m.

Regardless of whether these works were worthy of the millions bestowed upon them, their price tags signal a seismic shift in the art world in regards to photography. The art form that was once considered anything but an art form is growing in popularity among collectors. This shift – especially in the UK where the market has historically been slow to catch up to places like New York – is helped in no small part by institutions such as the Tate Modern hiring its first Curator of Photography in 2009, Simon Baker, as well as their recent The Radical Eye exhibition, photography from Elton John’s personal collection. Firmly placing photography

Previous page:‘Drifting Over the Italian Riviera’ by Joshua Jensen-Nagle, courtesy of Bau-Xi Gallery.

Left: ‘3-D’ by Miles Aldridge currently on auction at Sotheby’s.

Above:‘Gellage No. 6’ from the limited series ‘Gellage’, by Michal Macků, courtesy of Paci Contemporary.

Above: Christy Turlington photographed in New Orleans in 1990 by Arthur Elgort, courtesy of Atlas Gallery.

Above left: ‘Le Château Rouge No 18’ by Martin Essl, courtesy of Galerie Esther Woerdehoff. “

Phot

ogra

phy

is fi

nally

em

ergi

ng a

s an

esta

blis

hed

arti

stic

med

ium

in

the

art m

arke

t and

is re

ceiv

ing

the

reco

gnit

ion

it d

eser

ves” In terms of current trends, Estes has observed “a real interest in fashion

photography, which has been happening for a few years now – fashion from the 30s up until the present day. We achieve excellent results with market favourites Horst P. Horst, Richard Avedon, Irving Penn, Helmut Newton and, in terms of present day, I am a big fan of Miles Aldridge, whose work is doing very well at auction.” 

This upsurge of interest in the photography market has brought with it the development of photography fairs, which are springing up all around the world. Paris Photo, one of the largest art fairs dedicated solely to photography, will be putting on its 21st edition later this year. The much younger but no less ambitious Photo London opened the doors to its third fair on 18 May. Alongside its list of 101 exhibiting galleries and book publishers from Europe and abroad, it also organises a robust public programme of exhibitions and talks.

“Photography is finally emerging as an established artistic medium in the art market and is receiving the recognition it deserves,” says Adrian Riches, Head of Development and Communications at Photo London. “Its relative affordability has made photography accessible to a wider group of collectors and prices have been on the rise since we launched the first Photo London in 2015.”

“At this year’s Photo London, specialist photography galleries have been joined for the first time by leading contemporary galleries including Victoria Miro, Sprüth Magers and Alison Jacques Gallery,” adds Riches.  “These great additions to our gallery list demonstrate there is a strong appetite for contemporary works amongst collectors visiting the fair. ”

Also participating at this year’s Photo London is Magnum Photos, who will be presenting the exhibition David Hurn’s Swaps, works collected by Magnum

38

photographer Hurn and curated by Martin Parr. The photo agency, set up by four photographers in the aftermath of the Second World War, is known for its hard-hitting photojournalistic and documentary work and while some of the bigger name photographers, like Henri Cartier-Bresson, have been collectible for decades, its newer documentary work is becoming more desirable in the art market.

“Many of our biggest names have outside gallery representation,” explains Sophie Wright, Global Cultural Director at Magnum Photos. “However, with over 90 photographers and estates there is a lot of work, both historic and by new members of Magnum, that we are working to increase awareness of. There are now also the contemporary documentary stars working in a more conceptual framework such as Alec Soth, Jim Goldberg or Martin Parr, who has been hugely influential in his role as a collector and curator as well as photographer.”

With so much incredible work available on the market, coupled with the temptation to invest in a photograph that might appreciate in value, starting a collection of photography can seem daunting. The most universal piece of advice given to aspiring collectors is, however, quite simple: buy what you like. “Know what you like, know what your budget is and do your homework,” says Estes. “Part of that is speaking to as many professionals in the industry as you can – gallerists, auction house specialists and advisors. And, of course, buy what you love; make that the priority over investment and you will never go wrong.”

WB02 - Attilus Advert.indd 1 23/05/2017 16:50

T H E C O M P E T I T I O N

Lending support to the next generation of photographers, Weatherbys Private Bank aims to inspire young people to develop their artistic talents through this nationwide Photography Competition.

Open to UK-based amateur photographers between the ages of 16 and 25, entrants are required to submit ten photographs which reflect the Weatherbys strapline: “The future has always been family”.

Johnny Weatherby, Company Chairman, said: “Weatherbys has been in business for seven generations and family involvement has always been at our heart. We are delighted to give aspiring young photographers the chance to use their creative skills to interpret the importance of family.”

After entries close on Friday 18th August 2017, an expert panel of judges will review the entries and select the winning photographer and two runners up. The winner will be announced in September 2017.

T H E P R I Z E

The winner will receive a state of the art Nikon D5500 digital camera complete with lenses. Their work will be featured in the next issue of Weatherbys Private Bank magazine, exhibited in London and used as part of a national advertising campaign.

For more information and to download an entry form, please visit; www.weatherbys.co.uk/photography-competition or email hlunn@weatherbys.co.uk for more information.

40

COMPETITIONP H OTOG RA P H Y

WEATHERBYS PRIVATE BANK GIVES

YOUNG PHOTOGRAPHERS THE

CHANCE TO LAUNCH THEIR CAREERS

53 JERMYN STREET, LONDON | 118 HIGH STREET, ETON

www.newandlingwood.com

WB02 New & Lingwood.indd 1 23/05/2017 09:47

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HORSE PLAY H E R I TAG E

FROM FODDER TO RACING PARTNERS,

THE RELATIONSHIP BETWEEN MAN AND

STEED HAS EVOLVED OVER THE LAST

6,000 YEARS TO ONE OF MUTUAL RESPECT,

SAYS ADRIAN MCGLYNN

44 45

and Elizabeth, showed little interest, the arrival of the Stuarts took Royal interest in ‘running horses’ to new levels. James I discovered and patronised the unheralded Suffolk town of Newmarket, where the open heathland was perfect for racing. The first recorded horse race was in 1613. Cromwell’s regime had no more time for horse racing than for Christmas, and parts of the heath were, for the last time, ploughed during the interregnum. 

Charles II restored royalty and racing to Britain and is rightly renowned as the greatest influence upon the modern sport. His statue stands at Newmarket racecourse, the track itself carrying the name of his favourite horse, Rowley. Races at that time bore little resemblance to today; the King’s Plate, instigated by the Merry Monarch, had horses competing in two 4-mile heats in a day, with victory required in both to earn the Plate.

At the end of the 17th century, forces bringing racing towards its present mode had begun. The agrarian revolution, stimulating improvement of agricultural stock through selective breeding, touched this world of ‘running horses’. Breeders took a step of bold imagination by injecting foreign, Arabian blood into their indigenous stock. Stallions from Syria, Turkey, Libya and Arabia were brought as gifts or booty to England. Their blending with the existing racing stock was an immediate success, creating animals of new speed and stamina, uniquely crafted for racing.

The Thoroughbred horse, properly referenced as the English Thoroughbred horse, was a man-made, genetically-modified creature with a single purpose. In 1711, at the very moment when Queen Anne declared Ascot to be a place that was “ideal for horses to gallop at full stretch”, equines capable of hitherto impossible speeds were being developed. A Formula 1 equine was in production, with an improving arms race under way.

The governance of the sport was also beginning, with the emergence in the first half of the 18th century of the Jockey Club, which codified rules, established administration and formalised the haphazard. With the introduction of regulation, the nature of races began to change. Most notably, distances became shorter. The Derby was first run in 1780 over a mile, extended by 50% in 1784 to its present distance. The St Leger appeared in 1776, and two supreme tests of specialist milers, the Guineas races, in 1809 and 1814. The era of 4-mile heats was over.

“Th

e ho

rse

first

bec

ame

a m

ode

of tr

ansp

ort,

war

and

spor

t on

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vast

Rus

sian

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000B

C”

The coexistence of humans and horses for two million years has not always been one of harmony, respect and love, with domestication of horses occurring just 6,000 years ago. For most of our time together, we viewed horses simply as larder content, as recorded by gruesome ancient cave  scribblings and 10,000-year-old equine bones found in Britain, bearing cuts and grooves that  could only have been made by human butchers.

The horse was first used as a mode of transport and for war and sport on the vast Russian steppes around 4,000BC. That Centaur moment was the greatest advance in the development of civilisation. Infinitely more significant than the railway, wireless and internet, the saddle, bridle and stirrup propelled us into a new age. And while it was inevitable that horses would be deployed to devastating effect in war, this new relationship engendered a new kind of sport.

Though chariot and riding racing became de rigueur in the ancient civilisations of Babylon, Egypt, Greece and Rome, the horse was primarily the dominant force in elite armies around the world; cavalry became the weapon of mass destruction even, woefully, into the First World War. Horses were bred and trained to carry oppressive weight at speed, half a league, half a league, half a league onward.

In England, a nation not of shopkeepers but of sports inventors, there uniquely was intent to develop the perfect racing horse. This ambition stemmed from the top. Henry VIII invested much time in his Royal racing stables at Greenwich and Eltham and although his daughters, Mary

Today’s racehorses, across the globe, can trace their ancestry back to those 18th century originators. Technically every racehorse, wherever foaled, remains an English Thoroughbred, and we are about 30 generations into the breed. The point is often raised that the founding genetic pool of the racehorse is tiny, the in-breeding colossal.

The initial record of the breed, the General Stud Book, first published by Weatherbys in 1791, reports 400 foundation mares and lists the three main Arabian stallions, Darley, Byerley and Godolphin. But racehorses benefit from being bred for performance, not appearance. Only the strongest, most resolute, healthiest and swiftest are selected to breed. Tested in the racecourse furnace, winners reproduce, losers do not. 

Performance improvement was dramatic in the first half-dozen generations, but even today the breed continues its upward progression. Analysis of recent elite race winning times recorded a 0.1% improvement over 15 years in sprint races. This may seem a small percentage, but with winning distances determined to a single photographic pixel, this actually represents seven equine body lengths. 

The racehorse is becoming faster. Its mighty 40 mph-plus stride is one of the most awesome sights in sport. Animals weighing 90 stone, bearing nine stone of jockey ballast on their backs are the greatest of all athletes. Over a mile they can sustain speeds of 40 mph, with the world record for that distance measuring a staggering 1 minute and 31 seconds.

Secretariat ripped apart the record for the classic mile and a half distance in 1973 when clock-stopping at 2 minutes 24 seconds. Even the Grand National – a race of 30 fences, some above five feet high and eight feet wide, over a distance of four and a half miles  – saw its record-breaking performer, Mr Frisk, win in 8 minutes 47 seconds. A sustained pace of 31 mph. That’s 4 mph faster than Usain Bolt. »

Previous page: English Thoroughbred ‘Isinglass’ leading the field at the 1893 Epsom Derby.

Opposite page, from top: Italian fresco of a chariot race, 480-470 BC; French dragoon and chasseur soldiers at the beginning of World War I.

Above: English Thoroughbred ‘Eclipse’ raced in 18 races between 1769 and 1770, all of which he won. His skeleton is preserved at the Royal Veterinary College.

46 47

With other sports undergoing transformative changes in recent times, might horse racing have to make even more dramatic changes to attract and retain the interest of the modern leisure market? Fresh thinking abounds and, as with other sports, technology to draw the spectator closer will be a winning factor. Already greater use is made of cameras – although thankfully not microphones – attached to jockeys in races.

In this time of instant gratification and smartphone-driven risible attention spans, might there also be calls to shorten races yet further, with perhaps the classic distance of 1½ miles one day as antiquated as the 4-mile heats of the 17th century? Perhaps races will be required to start at closer intervals than the current leisurely 30 to 40 minutes. Recently, the concept of city centre races has even been posed, with the prospect of thoroughbreds hurtling up Oxford Street on a purpose-built artificial temporary track.

Some innovations will be short-lived gimmicks, others might take the sport in a richer direction. The constant will be the horse, although even here there will be pressures. The evolution of the racehorse through performance selection could be challenged by laboratory manipulation, as a means of amplifying performance and eradicating weakness.

Horse racing remains a curious remnant from the past. A sport in essence of great simplicity, but manifesting unparalleled complexity and richness. The sport of monarchs, potentates and billionaires; the sport of the people. A sport uniting spectators, not dividing them. A sport that connects humans and animals as no other. The enchanting, magnificent horse which only 6,000 years ago accepted life alongside its hunters and carried them to civilisation, to battlefields but, best of all, to racecourses.

Horse racing and state events aside, horses have largely disappeared from regular life. As recently as 1894 there were 50,000 working horses in London, their presence then as ubiquitous as cars today. That being said, the enchantment remains between man and horse. Racecourses may look to tempt visitors with their pop star events and ladies days but it is the proximity to the horse that evokes the most visceral experience.

The racecourse brings spectators extremely close to these creatures of beauty and power, but it was only in 1875 that Sandown Park became Britain’s first ‘enclosed racecourse’, with paid entrance applying. Now, six million people go to the races in Britain annually. It is the nation’s second most-attended sport by some margin.

Sports evolve constantly, and racing is sometimes accused of clinging too firmly to tradition – an unfair aspersion given that the sport has moved from being entirely the preserve of titled landowners to one of the people. The Derby, for instance, has even been won by a ‘club’ of owners. The sport is also no longer confined to turf. Six of Britain’s courses now have artificial surfaces and four of them are floodlit. An elite cadre of horses now race internationally, competing at racecourses in Britain, Europe, Dubai, USA, Japan, Hong Kong and Australia.

“H

orse

raci

ng is

a sp

ort u

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, not

di

vidi

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em. A

spor

t tha

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nect

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ans a

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als a

s no

othe

r” Opposite page:

‘War Envoy’ ridden by Ryan Moore (third left) wins the Britannia Stakes during Royal Ascot 2015 at Ascot racecourse on 18th June 2015.

Left: ‘Ambush II’ owned by King Edward VII wins the Grand National in 1900.

Below: American Thoroughbred ‘Drosselmeyer’ with Mike Smith wins the 142nd running of the Belmont Stakes in 2010.

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THE SEASON IS UPON US AND IT’S TIME TO

DON OUR FINEST REGALIA. TO ACHIEVE

THE BEST PUT-TOGETHER LOOK, NO LADY’S

OUTFIT IS COMPLETE WITHOUT A HAT. BUT

WHO TO GO TO AND HOW TO SELECT THE

MOST SUITABLE STYLE? FOUR MILLINERS

MAY JUST HAVE THE MOST STYLISH ANSWER

A H

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ATS

A hat is a highly personal item of fashion, one that instils confidence, adds personality and ideally flatters both the wearer and her outfit. The most notable hats on display at Royal Ascot each year are those that are carefully colour-matched to the wearer’s ensemble and meticulously tailored to their head whilst also interpreting the boldest trends from that season’s catwalks.

According to Royal Ascot-specialist and couture milliner Siggi Hesbacher, flowers, feathers and bows are perennially popular feminine embellishments but for 2017 we can expect to see more veiling and organic abstract shapes on prominent display at Ascot than in previous years.

Whether it is rare materials and subtle details or the more eyebrow-raising ‘Ferrari teetering on the edge of a Martini glass’ designs that appeal, it is the highly skilled craftsmanship that commands respect and admiration. And while contemporary interpretations continue to push our understanding of what a hat should look like, there is little argument over the extreme levels of traditional skill required to execute the perfect creation.

Here we profile four emerging milliners who are causing a stir on the British headwear scene:

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Named a ‘Bright Young Thing’ in 2016 by Selfridges, Keely Hunter’s couture headpieces could not be further from the traditional Royal Ascot style. Specialising in ultra-modern designs that incorporate materials such as Perspex and recycled plastic, she uses contemporary production methods including laser cutting, vacuum forming and 3D printing to achieve her visually stunning results.

Invited by world-renowned milliner Stephen Jones, OBE – who considers Keely to create “uncompromisingly modern pieces that somehow still have a lightness of touch” – and the British Fashion Council (BFC) to show at London Fashion Week for the past five seasons as part of the BFC’s ‘Headonism’ initiative (aimed at celebrating the new wave of emerging British milliners), she claims to be influenced by architectural lines and shapes and driven by a desire to explore conceptual design.

Keely is praised for creating headwear that steps beyond the predictable and for evoking ‘wearable modernity’ whilst also encouraging people to look at hats differently and see them as the objects of unique beauty that they are.

keelyhunter.com

19

Previous page: ‘Nora’ headpiece by Harvy Santos.

This page: ‘Block’ headpiece by Keely Hunter. Opposite page: ‘Tennessee Coolie’ headpiece by Sophie Beale Millinery.

50 51

SO P H I E B EA L E M I L L I N E RY

Sophie Beale’s work is conceptual and innovative yet fashion forward and beautifully handcrafted for the chic woman who appreciates flair without fuss. She creates vibrant, captivating headpieces that boast a graceful delicacy countered by a bold yet carefully considered line.

Having worked with a selection of iconic milliners from Noel Stewart to Philip Treacy, Sophie was headhunted for the position of couture milliner at Stephen Jones before launching her own brand. She now also teaches on the world-renowned HNC Millinery course at Kensington and Chelsea College, from where she graduated with distinction in 2011.

Winner of numerous awards, including the British Fashion Council and Grazia magazine’s national ‘Hat Factor’, Sophie’s work was selected from over 100 milliners to join a celebration of Britain’s finest millinery in association with London’s 2012 Olympics.

“I aim to create high-end fashion and occasion millinery with a more simplistic, chic and tailored look,” Sophie says. “The brand works with the idea of flare without fuss, being innovative while remaining accessible.”

Sophie once studied with Rose Cory, past milliner by royal appointment to the late Queen Mother, and her hats are now sold internationally with a growing list of high profile clients and resulting press coverage, including the cover of Royal Ascot’s Style Guide.

sophiebealemillinery.com

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53

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52 Right: ‘Bay’ headpiece by Laura Apsit Livens.

L AU RA A PS I T L I V E N S

Independent milliner, Laura Apsit Livens has merged contemporary design with traditional techniques and has, in the process, distilled a cutting-edge vision into a signature fashion-forward aesthetic. She has come to be recognised for her boxy Matador hats, crisp flat brim trilbies and modern boaters but since founding her eponymous label in 2012 has also experienced success with cloches, saucers, bowlers and even buckets.

Every hat is hand-blocked and individually hand-stitched in her Mayfair atelier to obtain the highest quality finish. Her SS17 collection Semi-Construct focuses on the art of de-constructing classic techniques and “finding beauty in the fragments and parts that make the whole”. By channelling a non-conformist approach, Laura has evolved her brand through the process of deconstruction while celebrating design, balance and proportion.

“Whenever I see something I like, I rip it out or save the image in a file,” she explains. “Then when I come to design a new collection I look back to my pool of inspiration and normally something will stand out more than usual or it may be a subject that has been on my mind quite a lot. That’s where I normally begin for a collection and then I develop it from there.”

Today her star-studded client list includes Paloma Faith, Rita Ora, Jessie J and the Duchess of Cambridge.

lauraapsitlivens.co.uk

H A RV Y SA N TOS

London-based milliner, Harvy Santos, first showed with his collection Birdy at 2016 London Fashion Week. Exuberantly original, his range of 30 handmade headpieces were inspired by the avian kingdom and featured traditional straw materials, luxurious silk gazar and acetate paillettes. Fusing timeless elegance with 21st century fun, he fearlessly pushes the boundaries of fashion, resulting in a new wave of energetic headwear that reflects the zeitgeist of his day.

Born in the Philippines, Harvy started out as a professional ballet dancer in Hong Kong, before going on to study millinery at Kensington and Chelsea College. He has worked for the Royal Opera House and for Noel Stewart and has won multiple awards for his work, including being named The HAT Magazine’s Hat Designer of the Year in 2013.

Entitled Fizzy Pop, his SS17 collection is an effervescent mix of hats and headpieces. Combining classic and signature shapes in seasonal shades of pink, white, black, red and grey, his creations are adorned with sprays and sprinkles of bubbly brights and are described as a ‘carbonated couture collision of traditional millinery and pop art’.

“Beyond the enduring appeal of 20th century pop art, I have lately been inspired by the works of Czar Catstick and Merijn Hos,” says Harvy. “My new collection has both a graphic and comic sensibility, and it’s all about surreal, childlike fun. And pompoms. There’s a certain crazy joy that comes from a sugar rush – I think everyone can remember that and I want to capture some of that thrill in the form of a hat.”

harvysantos.com

54

Above: Rural families in Myanmar spend as much as 40 per cent of their income – or time equivalent – on purchasing or collecting firewood.

55

Philanthropy could be said to be a duty of the successful and wealthy. Indeed, the growth of a new entrepreneurial culture has sparked fresh interest in giving back to society. But retaining control over how charitable donations are spent is a perennial issue. A charitable foundation – a non-profit organisation that funds its own activities or donates money to other charities – may be the answer.

In the US, the Internal Revenue Service distinguishes between private foundations funded by a single person, family or company, and public ones that raise money from the general public. The UK, however, lacks a legal definition of a foundation. Britain’s charity regulator, the Charity Commission, says: “All charitable foundations are trusts – that is, they are managed by trustees who may or may not be supported by paid staff. Therefore the difference between the terms ‘foundation’, ‘trust’ and ‘charity’ in the UK is semantic only.”

The UK’s Association of Charitable Foundations (ACF) says that the terms ‘foundation’ and ‘trust’ are used to describe charities with a private and sustainable income that support individuals or other organisations, with money or otherwise. But, in Britain, the ACF adds, “Foundations are identified as much by what they do as by how they derive their funding.”

The Charity Commission says foundations may make grants or “use their income to finance charitable activity of their own”. The key aim for the trustees is to deliver the stated purpose of the charity. The range of activities that can be used to do this is huge, ranging from giving grants to other charities, to funding university research, to trying to steer public policy.

Anyone setting up such an organisation joins a list filled at the top by well-known names – the top 300 foundations ranked by giving, according to the ACF’s 2016 report ‘Giving Trends’, include the James Dyson Foundation, the Pears Family Charitable Foundation, and the John Swire 1989 Charitable Trust. The Association reckons that giving by charitable foundations represents 15 per cent of the total private funding of charities. »

ECO/ P H I L A N T H RO PY

FOUNDATIONS COULD BE THE IDEAL VEHICLE

TO ENSURE THAT THE MONEY YOU DONATE

TO CHARITY HAS THE MAXIMUM IMPACT. BUT

WHAT ARE THE BENEFITS AND LIMITATIONS,

AND WHO IS LEADING THE WAY?

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The top 300 foundations in 2014–2015 dispensed £2.7bn in grants and another £357m in other charitable giving. That grant spending was up 12 per cent on the previous year, helped by a £185m rise from the Wellcome Trust, which funds medical research. Regardless of the Wellcome Trust’s input, the rise was still 6 per cent in real terms despite a 2 per cent fall in income across the 300 foundations to £2.9bn, of which around £1.3bn was investment income.

In the UK, the distinction between family and corporate foundations is also fluid, especially in the case of family-run businesses. For a business, setting up a foundation can be an extension of its corporate social responsibility programme, but the charity regulators and the tax authorities will challenge any use of it to promote the business directly.

That being said, corporate foundations can be effective in enhancing a company’s image, and having one can help businesses recruit, especially among young people, who increasingly say that they want to join companies that have a conscience. According to ‘Giving Trends’ the top 50 corporate foundations gave grants of £232m and another £13m in other charitable spending in 2014–2015.

Meanwhile family foundations were responsible for 62 per cent of grant spending by the top 300, and the top 100 family foundations gave out £1.7bn – up 15 per cent on the year before, or 4 per cent not including the Wellcome Trust’s spending.

The ACF estimates that there are at least 10,000 foundations in the UK. “Just 20 of them are responsible for half of all money given away by foundations,” says Keiran Goddard, head of external affairs at the ACF and a writer of the report, “and the reason we pick the top 300 is that they are responsible for giving 95 per cent of the total.”

But that is not to discount the work of smaller organisations. The ACF adds that many effective foundations are small and their giving runs to the tens of thousands of pounds rather than the millions. Their work can get right to the heart of society’s needs. »

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Left: A photograph from the 1930s of the Wellcome building on Euston Road, London.

Above: Sir Henry Wellcome, founder of the Wellcome Trust, one of the world’s largest medical charities.

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Left: Sonu Shivdasani.

Right: Founders of the Soneva Foundation, Sonu Shivdasani and Eva Malmström.

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59

In 2008 their company decided not to sell branded bottled water. From that decision the foundation’s annual Slow Life Symposium, which aims to help “accelerate progress towards environmental sustainability”, sparked the Whole World Water campaign in 2013. That includes hospitality groups filtering and bottling their own water, rather than buying in branded water, and donating 10 per cent of the profits from sales to clean water projects.

The aim is to show how positive change can also be good for business. Others agree – Raffles and Virgin Limited Edition are among the hotel chains that have backed the campaign.

“We’re very passionate about what we do,” says Sonu Shivdasani. “Business success comes from combining apparent opposites and while, traditionally, people would say that luxury and sustainability are not compatible, Soneva is all about combining luxury, wellness and sustainability. We offer our guests luxury while minimising our impact on the planet and enhancing their health.”

The Soneva Foundation has funded tree-planting, clean cooking, sanitation and clean water campaigns in locations such as Myanmar, Thailand and Sudan. Its partners include Impact Carbon and myclimate, both working in the area of climate change. Its long-term work in that field could be said to be especially important given the way that ideological starting points influence politicians’ responses to the subject.

“We decided that we could make small changes to our business model that would not affect our profitability but which could raise a lot of cash for good causes,” says Shivdasani. To offset all direct and indirect CO2 emissions from its activities, the hotel chain’s mandatory carbon levy of 2 per cent of its room rate has raised close to $6m to date, which has been used to fund the Soneva Foundation. “The foundation has been funded by zero donation,” says Shivdasani, “but instead by changes in the way we do business.”

In the year ending December 2015, the Soneva Foundation’s latest accounts show that it made grants and donations of £595,000, with an income of more than £163,000 including £5,000 of investment income. The previous year its grants and donations totalled £755,000, with an income of more than £633,000 including £34,000 in investment income. »

Foundations can be much more strategic and long-term in approach than government spending, the ACF points out. Indeed, with successive UK governments first shifting public work into the voluntary sector and then cutting state funding of that sector, the strategic role of foundations can be said to be ever more important.

Foundations can also concentrate on areas that governments do not tackle effectively, perhaps because politicians do not perceive a benefit in their poll standings, or because of ideological antipathies.

Sonu Shivdasani and his wife Eva Malmström Shivdasani’s hotels are seen as having brought the very top end of luxury to the Maldives. They set up the Soneva Foundation in 2010 by to tackle some persistent problems for people around the world.

The couple started out in 1995 setting up resorts in the Maldives and Thailand under the Six Senses, Evason and Soneva brands – including, in 2001, the first resort in the Maldives to be built completely over the water. In 2008 Soneva introduced a 2 per cent levy to offset carbon emissions, which continued after the sale in 2012 of the Six Senses and Evason parts of the business.

The Soneva Foundation’s UK charity registration describes its aims as being the funding and assistance of clean energy projects and clean water projects. To that end, the Shivdasanis have developed a way of using luxury tourism both to raise awareness of vital problems among people with the means and influence to make a difference, and to raise money to alleviate those problems.

60

S T A R T I N G S M A L L

A foundation can be started with much less, though. In the UK, the threshold for mandatory incorporation, which allows employing staff and owning premises, is an income of £5,000. There are two routes – either as a charitable company, or as a charitable incorporated organisation with the Charity Commission or its equivalent in Scotland or Northern Ireland.

One of the key issues for such an organisation is defining an area of benefit, which means that regulators have something to measure actual activity against.

One way to simplify this is to have a widely drawn purpose. The charitable foundation set up by the Weatherbys group, which has its origins in horse racing, has a broad brief of donating “to such charities or for such charitable purposes and in such proportions … as the foundation may determine”.

Spending targets can change from year to year. The Weatherbys Charitable Foundation accounts, says: “The Weatherbys Charitable Foundation has committed in 2017 to support a number of small charities in Northamptonshire close to its headquarters and one in Ireland, close to its office and laboratory there. The charities all provide care, support, therapy and assistance for children and young people. The selected charities for support in 2017 are: Autism Concern, Mayday Trust, Thomas’s Fund and Sensational Kids.

Another key issue for foundations is tax status. While there is exemption from taxation on money that goes into a foundation, those funds then have to be used exclusively to benefit the public in a way that satisfies the Charity Commission.

But foundations do have considerable freedom to pay out or retain funds as most appropriate to the needs of projects and causes backed – although the ACF points out that regulators might start to probe more deeply if they see a long period without any disbursements. “F

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Above: Air pollution from domestic cooking is responsible for the premature deaths of 4 million people a year. Here a woman prepares a meal using the five-minute stove provided to her by the Soneva Foundation; by containing the fire, the stove reduces air pollution by up to 80 per cent, providing a much cleaner method of cooking.

H O W T O B E E F F E C T I V E

A newly set-up foundation has a legal obligation to deliver public benefit. An efficient way to do that is to use charities that operate in the same areas. But one of the biggest problems, according to the ACF, is finding the right projects, people and organisations to deliver the foundation’s objectives.

‘Giving Trends’ says that education and training receives the lion’s share of grant funding, followed by health and arts and culture. There is no shortage of charities in those and other areas looking for funds. “An old joke in the sector is that when you set up a foundation you are always the best-looking and most interesting person in a room,” says Goddard. “The ACF is a space where foundations can share knowledge and good practice initiatives among peers without the pressure on their funds.”

The irony is that for successful businesses and wealthy families, putting money into foundations may be easier than working out how best to spend it. The good news is that there are forums that serve to make that task easier. And some very effective examples to follow.

Below, left: A man foraging for wood for cooking fuel; right: a father and child carry water from the well.

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63

WHO KNEW THAT ONE OF THE WORLD’S

MOST PRESTIGIOUS CLUBS LIES NESTLED IN

A SECLUDED CORNER OF THE BREATHTAKING

SCOTTISH HIGHLANDS? RACHEL DYER

DISCOVERS WHY SKIBO CASTLE’S CARNEGIE

CLUB IS SO MUCH MORE THAN A MEMBERS’ CLUB

A HOME IN THE HIGHLANDS

T RAV E L & S PO RTMODERN BRITISH TAILORING

35 Bruton Place, Mayfair, W1J 6NS+44(0)20 3802 7011

brutonplace@timothyeverest.co.uk

37 Redchurch Street, Shoreditch, E2 7DJ+44(0)20 3802 7010

redchurch@timothyeverest.co.uk

timot

hyev

eres

t.co

.uk

WB02 TIMOTHY EVEREST.indd 1 24/05/2017 11:41

Previous page:The view of the majestic Skibo Castle.

This page:Dinner is served at the large communal table, once used by Andrew Carnegie himself.

Opposite page, from top: The chefs at Skibo are passionate about food, and it shows through on the plate; All meals are made with the finest produce grown on the estate.

64 65

The word ‘exclusive’ is often bandied around when it comes to private members’ clubs, but in the case of The Carnegie Club, it is well and truly justified. Andrew Carnegie, one of history’s greatest philanthropists, arrived at Skibo Castle in 1898. A steel magnate, he was also one of the world’s richest men of his time, and it is his multi-million pound renovation that established the castle as the opulent setting that it is today.

Carnegie’s legacy couldn’t have ended up in safer hands than those of Peter Crome, under whose watchful eye the likes of St Andrew’s, Chewton Glen and the Savoy have prospered. Skibo, however, is surely his proudest accomplishment – a Scottish estate that is incomparable to anything else in the UK. There’s world-class golf, shooting, fishing, riding and quad biking to sate the desires of even the most accomplished country sports enthusiast, and mouth-watering dining and sumptuous accommodation to make you feel at home, except better. The cosy Edwardian-style furnishings have remained unchanged but thoroughly well maintained since the Carnegie family called the castle home.

Guests sleep in superbly appointed rooms, both within the stunning Scottish Baronial architecture of the castle, and in the 11 family lodges that are dotted around the 8,000-acre estate, only to be awoken by the atmospheric sound of bagpipes from the player who paces the grounds wearing the mandatory kilt. A peek out of the window reveals views over immaculate gardens and rolling greenery and you might catch the falconer with his birds of prey. Lily the barn owl has been known to keep watch from her perch in the hallway at breakfast.

The first meal of the day – homemade granola, jams and croissants, fresh kippers and the Scottish classic, kedgeree – is served to the sound of the organ playing, and true to Skibo’s reputation for immaculate service, staff will remember how you like your eggs and coffee. »

“Dinner at the large communal table consists of the finest produce grown on the estate”

66

The culinary offering only gets better from here, with an extensive menu crafted by Executive Chef Craig Rowland. After an al fresco lunch, dainty cucumber and smoked salmon sandwiches are served at afternoon tea, and dinner at the large communal table (which was once used by Andrew Carnegie himself) consists of the finest produce grown on the estate, as well as locally sourced meat, game and dairy. Highlights are the Scottish beef and the indulgent chocolate tart, eaten with beautiful silver on a stunning table setting featuring grand candelabras and the finest crystal.

The food comes hearty and wholesome, and thank goodness; days at Skibo Castle are action-packed, high-energy and outdoorsy. Get on the water in a zorb on the spectacular steel-framed glass-paned pool, or take a boat onto Loch Evelix for a spot of fishing with one of the castle’s knowledgeable ghillies. Adrenaline junkies can take an off-road quad-bike adventure, go rock climbing or whizz around the grounds on segways; and animal lovers will love trekking across beaches and through forests on the Skibo Stables’ horses.

If that’s not entertainment enough, practise your clay-pigeon shooting skills with a lesson from an expert, or play a round of golf on the 18-hole championship course. Situated on the banks of the beautiful Dornoch Firth, the Carnegie Links is rated among the world’s finest, and because it is totally private, holes can be played in any order you please.

If you would prefer to slow it down a notch or two, take a peaceful walk around woodland and hills of heather, before retreating to the Skibo Spa for a full body massage or a luxurious hot stone treatment, followed by the steam room and a swim in the ozone-treated swimming pool.

The day ends with a jolly gathering around the grand piano for whisky, singing and good conversation, before sinking into a comfortable bed tucked up with the hot water bottle left on the pillow by attentive staff at turndown.

Above:Hunting is just one of the many activities the castle has to offer.

Below:The castle’s spectacular steel-framed glass-paned pool.

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Paying homage to the selection of some of the most iconic ingredients and infl uences of the era, Noble VIII evokes a feminine yet alluring feel to refl ect the elegance and grandeur of the Rococo movement.

Although the perfumes are both rooted in the Rococo period, both fragrances are imbued with their own distinct personality. Th e Noble VIII Magnolia evokes femininity with the use of sweetpea, rose, magnolia and cassis, while the Noble VIII Immortelle is a velveteen scent with a masculine depth and notes of amber, Immortelle and calming papyrus.

Noble VIII Magnolia refl ects. Th e frivolity of the time is echoed in the use of fl oral scents and alluded to in the Chinoiserie pattern of the packaging. While the top notes of bergamot and mandarin provide a refreshingly green tang, the heart notes – a combination of rose, magnolia, cinnamon and clove – give it a heady spiciness complementing the woody base of sandalwood and oakmoss which give a gently earthy fi nish.

Referencing the playful, overt side of Rococo, Noble VIII Immortelle opens with the bright, fresh notes of bergamot and lemon but contrasts the velvety scent of the namesake fl ower, Immortelle, a fl ower that never fades in colour even when dried.

When fused with woody undertones of amber and vetiver, it produces a masculine depth, which lingers on the skin to off er a scent that unravels overtime to reveal its true complexity.  

clivechristian.comTH

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S

CELEBRATING THE OPULENCE OF THE ROCOCO PERIOD,

CLIVE CHRISTIAN PERFUME INTRODUCES NOBLE VIII, A DUO

OF FRAGRANCES THAT ENCAPSULATE THE CHARM AND

LYRICISM OF THE FRENCH ARTISTIC MOVEMENT

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HEADPHONES HAVE COME A LONG WAY

FROM THE CHEAP FOAM-COVERED MODELS

THAT CAME WITH SONY WALKMANS A FEW

YEARS AGO. THE LATEST VERSIONS, CALLED

HEARABLES, ARE SMART ENOUGH TO TRACK

YOUR ACTIVITY, SET WORKOUT GOALS AND

TRANSLATE LANGUAGES IN REAL TIME

SOU

NDS

PER

FEC

T T

ECH

NO

LOG

Y

70

Could 2017 be the year that hearables replace wearables as the most exciting consumer technology? These are wireless headphones that do so much more than play music, just as an Apple Watch does more than simply tell you the time. They are computers in your ear, connecting to Wi-Fi to make music sound better than ever. Some even track your fitness by monitoring your heart rate, while others translate languages in real time. Such cutting-edge technology explains why the hearables market is set to boom. Some experts predict that it will grow by 120 per cent in the next 12 months and be worth a staggering $16bn by 2020.

Many of the big tech names are investing heavily in hearables, including Samsung, Sony and Apple (of whom more later). But as is often the way with tech, it’s the start-up companies – founded by highly driven pioneers with a point to prove – that are leading the way.

Take San Francisco-based Doppler Labs, founded in 2013 by musician and film producer Noah Kraft. After raising millions through crowdfunding site Kickstarter, and recruiting staff from Apple, Amazon, Google and Microsoft, the company launched its Here One™ smart earbuds. They contain Smart Noise Filters that let you choose which ambient sounds you hear while listening to music. For example, you can turn down aircraft noise but keep the flight attendant loud and clear. It’s possible also to reduce wind noise while cycling and background chatter in busy offices.

Personalising your audio experience in this way is called ‘augmented hearing’. As hearable technology develops, customers will demand more nuanced ways to control what they hear. They will also want their devices

1971

Previous page:An urbanite wears Doppler Labs’ smart buds, which contain Smart Noise Filters that let you reduce background noise.

Opposite page, from top: A woman enjoys a moment of bliss, as she uses her Here Buds™ to turn down the volume of the real world. The CLIK headphones from Mymanu can translate 37 languages.

Below:With the gesture interactions of The Dash, you can nod to accept a phone call or shake your head to decline it.

“The most exciting innovation this year is translation earphones, which convert languages in real time”

to act like personal assistants, like an in-ear equivalent of the Amazon Echo or Google Home. That’s what German start-up Bragi is aiming to achieve with its Dash earbuds. Slide the pad on your right ear and you can flick through 1,000 MP3s, switch between different modes and answer or reject a phone call. Slide the pad on your left ear while you’re swimming, cycling or running and The Dash will give you audio updates on your pulse and respiration rates.

Beyond start-ups, older companies have adapted their range of headphones for the hearable era. Danish firm Jabra helped pave the way for hearables having been one of the first companies to develop noise-cancellation technology and in-ear speakers. Its standout product is the Elite Sport, designed to cope with the most strenuous of workouts.

Like most hearables, the Elite Sport looks stylish but Oakley has brought to market its Radar Pace, which is actually a pair of sports sunglasses attached to which are the smart earbuds. They cleverly combine the classic Oakley aerodynamic design of sunglasses with the function of a hearable. Simply tap or swipe the shades’ temples to adjust the volume, control the music and answer calls. But what makes it a must-have is the voice-activated coaching that creates workout plans based on your ability and goals.

However, you don’t have to get sweaty in a gym to appreciate hearable technology. Perhaps the most exciting innovation this year is translation earphones, which convert languages in real time. The Pilot from New York’s Waverly Labs supports five languages (English, French, Italian, Portuguese, Spanish). For it to work, both the speaker and the listener need to be wearing an earpiece. It will cost around £205 when it launches in the US late this summer. Expect it to cross the Atlantic if it proves popular. »

But if you don’t want to wait, you could buy a pair of CLIK earphones from Manchester company Mymanu. They went on sale in May priced £155, and can translate an incredible 37 languages, making it invaluable for any globetrotter, whether you travel for business or pleasure.

All these hearables are practical devices built to withstand the bumps and sweat of daily exercise but there are more luxurious headphones designed purely to dazzle and at prices to reflect that. Until relatively recently Sennheiser could boast that its Orpheus headphones, priced £35,700, are the world’s most expensive. But Sennheiser was out-priced earlier this year by two headphones unveiled at CES 2017 (Consumer Electronics Show) show in Las Vegas. Studded with 20-carat diamonds, the H900M from Japanese company Onkyo costs a cool €80,000. In a delightfully opulent touch, the right headphone is distinguished from the left by an extra ring of rubies.

Not to be outdone, the French have thrown their jewel-encrusted tech hat in the money ring with the launch of the Utopia, jointly made by French company Focal and Parisian jewellers Maison Tournaire. Priced €100,000, the ear pieces are designed with 6-carat diamonds set within 18-carat gold ear cups.

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Above:A woman keeps track of her performance with the Jabra Sport Life app’s in-ear audio coaching.

Opposite page:The Pilot smart earpiece and app by Waverly Labs translates between users speaking different languages.

73

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But, back down to earth, it will come as no surprise that Apple is in this market too, albeit with a considerably smaller price tag. Having launched the iPhone 7 in September 2016, the latest incarnation of its best-selling phone came with AirPods, the company’s first wireless in-ear headphones.

But as hearables go, they are relatively basic, so what is Apple planning next? The answer probably lies in the patents it has been granted in the US, including one last November for a ‘Sports monitoring system for earbuds/AirPods’. Another patent shows Apple planning earbuds/AirPods that sense vibrations in the wearer’s skull to fade background noise during phone calls.

With Apple’s track record of turning embryonic tech into desirable products, you wouldn’t bet against it rewriting the rules on hearables.

Soon, though, even hearables may seem old hat. The next frontier could be brain-hacking, with Facebook playing the leading role. In April it revealed that it has 60 engineers working on a brain–computer interface that ‘reads’ your thoughts and translates them into typed text. Instead of writing emails, you’ll just ‘think’ them. This can already be done with surgical implants, helping paralysed people to communicate, but Facebook’s ambition is to make a system that doesn’t require an operation but will probably work by analysing brain waves.

The technology is still some way off, and Facebook’s founder Mark Zuckerberg admits that it’s “pretty far out”. But when it arrives – as it surely will – life will never be the same again.

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7574

WHERE THE WILD FOODS ARE

E P I C U R EA N

YOU DON’T NEED TO BECOME A VEGETARIAN

TO MAKE A DIFFERENCE. GETTING YOUR

HANDS DIRTY COULD HELP TO ADDRESS

THE PROBLEMS OF THE MEAT INDUSTRY

Previous page: The sun peaks through the treetops; Freshly picked chanterelles from Hunter Gather Cook.

Opposite page:An open fire is used to prepare the food and finds of a long day foraging in the forest.

Above: Nick runs his foraging, butchery & cookery courses from a 30ft tree house that serves both as his HQ and off-grid kitchen.

Left: A group gathers around Nick, as he explains the edible treats our immediate nature has to offer.

Mention the concept of ‘wild food’ on the Clapham Omnibus, and you’re likely to get wildly varying responses.

For one person, it’s an amazing way to become more fully acquainted with the ideas of sustainability. This method of symbiosis with nature gives us a greater understanding of the natural journey of food, and the bonus of a meal with a kick of freshness that no supermarket can ever provide.

On the other hand, you might get a reaction that doesn’t delve too far beyond an initial grimace at the idea of having to gut an animal. Or they may just have heard of Fergus Henderson’s dishes of squirrel or sweetbreads (a calf or lamb’s thymus gland for the uninitiated) and bolted straight for the nearest pizza restaurant.

Of course there’s nothing new about the idea of foraging, gathering and hunting for our supper, yet the array of celebrity chefs, such as the aforementioned Henderson of St. John fame, René Redzepi of Noma in Copenhagen and Penny Wabbit of London’s OXO Tower restaurant, have done much to encourage us to look beyond a package of filleted meat on a polystyrene tray in a chill cabinet as the beginning and end of the food cycle.

However, unless you’re Bear Grylls, the idea of simply roaming the countryside randomly picking up plants and laying traps for animals in the hope of surviving off the returns is a concept that would all but certainly leave stomachs rumbling. »

76 77

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78 79

When it comes to re-learning the language of foraging, expert advice is essential. And nowhere in the UK provides a more thorough introduction than Nick Weston at Hunter Gather Cook (HGC), a project deep in the Sussex countryside that provides courses in everything, from foraging and fishing to butchery and cooking over the fire.

“We reduce the distance between you and your dinner,” says Weston, founder of the project and a veteran wild foodie through his time working on the Shipwrecked reality show based in the Cook Islands. “We go right to the source, taking these animals straight from the woods,” he says. “We gut them in advance but then it’s down to the guests to work with us to skin and prepare the meat to be eaten.”

Based in a suitably rustic treehouse, depending on the season, Weston and his team will go deer stalking, hunt for rabbits, pheasant, partridge and duck, bringing their haul back to base for guests to prepare and eat.

For Nick, the uniqueness of HGC has less to do with a thirst for blood sports and far more to do with redressing the balance between man and his surrounding.

“We tie everything together from woodland to plate,” says Weston. “For me, smoking food over the fire is the sixth sensation of taste. Foraging for plants and using wood from the woodland where the animal roams is our way of managing wild resources.”

Weston’s standpoint is far from a minority opinion. In one of his last public speeches before his death last year, the late food critic AA Gill, motioned a similar approach to reaching a new understanding between humans and the animals we eat:

“Rather than abandoning animal products altogether, couldn’t we do more good by pressing for genuinely transparent labelling of our meat and dairy? If consumers really know what they are getting, fewer people might be willing to buy the £3 chicken produced in the barbaric conditions of the agricultural industry.”

For those who are unused to being up close and personal with the meat they consume, expectations need to be carefully managed. “Nature isn’t a factory and part of our job is to help people to understand what is and isn’t possible,” says Weston. “We always say that if we can’t shoot a deer to be butchered then, very occasionally, it may be a lamb instead that »

Opposite page:Wild and fresh ingredients delicately prepared and arranged by Nick and his team.

Above: Game slowly roasting over the flames.

Right: Nick Weston of Hunter Gather Cook.

80

we’ll provide. Because we’re sourcing the meat ourselves, we’re a part of every single process from pulling the trigger to eating it. We’re very responsible for our meat and I don’t think there’s any flies on us on the sustainability front.”

Ultimately, despite the impeccable environmental credentials, the upswing in the fortunes of the wild food approach wouldn’t work unless the end product on our forks actually tastes good.

It’s an expectation that Weston, thankfully, grasps. And, according to his guests at HGC, the surprise factor in how wild food can taste is one of the greatest elements of the experience.

“People expect game to taste overwhelmingly gamey” says Weston. “Most people who have tried venison have had it from supermarkets, who get it from big old animals as the stalkers get a bigger income from a bigger animal.”

“We source our deer more carefully and we get prickets, which are male bucks about 18 to 24 months old. They’re smaller, younger and therefore taste a lot better without an overpowering taste. I could happily eat venison tartare from the back strap of the deer every day. And everyone should try bullet of venison as well – it’s a wonderful showcase of flavour from the back haunch of the animal.”

Unlike French supermarkets, where the shelves are heaving with game products like rabbit meat (albeit farmed rabbit), the availability of wild food in Britain still leaves a lot to be desired. Yet slowly and incrementally, as Nick observes, it may just be that we’re beginning to think a little more candidly about what goes into our mouths, and where exactly it comes from.

“There’s no element of farming or artificially manipulating the environment with us,” Weston concludes. “We accept nature as it is and – just as it once was – we work with what it provides, rather than against it.”

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Right:Nick’s signature ‘Wild Bloody Mary’ is a perfect recipe to make use of all those tomatoes from your greenhouse.

Below: Nick spent seven months training his Norfolk cross Jack Russell terrier to find truffles. Here his hard work has clearly paid off.

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THE

GEN

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ION

G

AM

E

HO

ME

& G

AR

DE

N

CATHY HAWKER ASKS THE PROPERTY

EXPERTS TO OUTLINE THE QUESTIONS AND

ISSUES FOR PARENTS HOPING TO HELP

THEIR CHILDREN GAIN A FOOTHOLD IN

TODAY’S TESTING HOUSING MARKET

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Previous page: A young couple takes a break from painting their newly acquired property.

Right: New Oxford graduates walk towards their graduation ceremony in New College Lane, Oxford.

Opposite page: Happy parents congratulate their son and daughter-in-law on their newly acquired house.

“Happiness,” said the American comedian George Burns, “is having a large, loving, close-knit family in another city.” The irony of that quote is not lost on today’s millennials, many of whom have had to reluctantly boomerang back to the family home after leaving university. With the average London property price having broken the £500,000 marker, more than 14 times average earnings, how can parents and grandparents provide the most effective helping hand to younger generations eager to get on the housing ladder?

Lindsay Cuthill, Head of Savills Country Department, highlights the problem. “Even wealthy buyers are being priced out of prime central London, where £750,000 doesn’t stretch far,” she says. “Then consider that a £600,000 property with a 25 per cent deposit probably requires a six figure salary to service the mortgage, and you understand the importance of strategic investment in helping millennials onto the housing ladder.”

Cuthill suggests investors start by considering three questions. First, what is the main criteria for the purchase: do you wish to maximise yields, see capital growth or have the property for family use? Second, how long is the window of investment: five years, fifteen years or longer term? And third, is the investment for one child or more?

“To maximise capital growth, for example, I would look to the new areas of south-east London, where significant infrastructure improvements are planned,” he advises. “If you had bought in Shenfield at the end of the planned Elizabeth Tube line fifteen years ago you would have seen incredible growth. And while values in prime central London are falling, they are still rising in Barking and Dagenham. These areas have dramatically out-performed older, more established markets.”

Typically parents look to help children onto the property ladder once they have left university but those buying for children still at school are primarily focused on rental potential. For them, popular locations include university cities because they provide a steady stream of tenants, notably Bristol, Oxford, Cambridge and York. »

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86 87

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Right: An illustrated map by Walk With Me of the popular and bustling Peckham area in south-east London.

Opposite pages: A young couple, keys in hand, admire their new home

Following page, from top: The charming Columbia Road in Hackney is famous for its flower market; A young couple examines the blueprints of their new house.

UK rental yields vary from 2 per cent in London to over 6 per cent in parts of Leeds or Manchester. But of greater importance in the current low interest rate environment, suggests Charles Curran, Principal and Market Data Analyst at Maskells, is capital protection.

“This can never be guaranteed but can be managed by buying property in areas with low mortgage debt balances, information easily available through the Office of National Statistics,” he says. “In 2009 we saw greater price volatility in areas with higher mortgage debt, so if you are forced to sell, perhaps because of job loss or an exponential increase in mortgage rate, areas with high loan-to-value ratios will de facto have more sellers and therefore greater price volatility. Overall remember that the best way to protect capital is to buy in the right location.”

Weatherbys Private Bank can lend to clients aged over 70 who may want to help buy children their first home, a sensible approach to family wealth planning but one that can highlight different expectations, particularly on property location. On-trend London areas popular with younger residents, Hoxton and Hackney for example, were simply not on the map twenty years ago and might not resonate with more mature purchasers.

“Investing for your family tends to be a learning curve where parents and grandparents set out with one agenda but then budget constraints or informed opinion opens up other possible options,” says Cuthill.

A good example comes from Marcus Bradbury-Ross, Director at The London Resolution. His British clients planned to buy three investment properties in the new developments around Battersea, primarily to provide an income for their three children, all over the age of 18. Bradbury-Ross »

88

suggested creating a more mixed, yield-based rental portfolio combining some properties in new schemes with some set to gain from the Crossrail route. The family followed this advice, buying five properties over two years and placing three of them in their children’s names.

“The children do not live in the homes themselves but benefit from a physical income and inheritance,” says Bradbury-Ross. “One son is now working in London on a salary of £25,000, which would not allow him to borrow more than £100,000. The investment makes financial sense and marks my clients as sensible legacy providers.”

Rising transactional costs, notably Stamp Duty which, since March 2015, can hit 15 per cent for second homes, have further forced families to consider the best way to structure estate planning. Investors face a rapidly changing landscape of new rules and taxes and while they should not expect the same returns as seen in the past, helping children on to the housing market remains a common request.

“The old cliché that inheritance tax is a tax you choose to pay means sensible financial planning will invariably consist of property because the last thing most parents want to do is hand over a six-figure cheque to their children,” says Curran.

Buying property is often only the start of the process, he adds. “We have seen parents provide deposits and then guarantee mortgages but then many may also help with mortgage repayments by making regular gifts from surplus income over expenditure which is reasonably tax efficient.”

Yet another thoughtful consideration for financially astute parents who can afford to give their children a leg up onto the property ladder.

“On-trend London areas popular with younger residents, Hoxton and Hackney”

WB02 Jeckyl & Hide.indd 1 22/05/2017 16:49

A CAREER-TRANSFORMING, LIFE-CHANGING

LEARNING EXPERIENCE, JAMES WALLMAN

SETS OUT TO EXPLORE THE HISTORY AND

ATTRACTION OF THE MUCH COVETED MBA

91E D U CAT I O N

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Of course, MBAs are expensive. They take a lot of time and cost a lot of money. But MBA graduates tend to pay off the cost of the course within around four years, including the requisite living expenses and the opportunity cost of what they would have earned over that period. They tend to earn a lot more after than before. MBA graduates from the top 50 business schools, according to the Financial Times, earn between 70 per cent and 142 per cent more than they were earning pre-MBA.

Besides the money, people with MBAs tend to progress faster and go further. Three out of ten CEOs at the world’s 500 largest listed companies by market capitalisation are led by an MBA graduate, also according to the FT.

So MBAs help if you want to earn more, get ahead and lead a large organisation. But are they also relevant for startup entrepreneurs? “Sure, startups are asking why they need an MBA,” says Jonah Berger, author of bestselling books Contagious and Invisible Influence, and associate professor of marketing at The Wharton School. “You don’t need one to have an idea, but to grow that idea, understanding management certainly helps.”

Many of today’s most newsworthy startups  are the work of MBA grads. For instance, Deliveroo was co-founded by a Wharton MBA, and has raised almost half a billion dollars in funding.

So now you’re thinking about an MBA, there are further questions to ask. A regular MBA or a specialist one? Full-time, part-time or online? And perhaps most important, where?

If you’re a purist, and you want to lead one of the world’s largest companies, you’ll want one of the leading schools, like Stanford, Wharton, or Cambridge Judge. These schools pride themselves not only on teaching the ‘hard skills’, like financial management and decision-making, but also on ‘soft skills’, especially leadership and networking.

“A key question for any prospective MBA student to think about,” says Jaideep Prabhu, co-author of Frugal Innovation and marketing professor at Cambridge Judge Business School, “is not only the book knowledge you need, like finance and marketing, but also about the practical skills that will help you to communicate, manage emotions, lead teams and motivate others.”

If you’re more practical than purist, and especially if you have children or some other reason to stay put, you’ll consider a school closer to home, or an online course, which are rising fast in popularity. According to higher education organisation the Graduate Management Admission Council, online courses will have risen by 9 per cent in 2017. While you might miss out on some of those networking opportunities, you’ll probably still earn more after completion: a friend of mine upped his salary from £40k to a whisker under £160k within three years of finishing an online MBA at Warwick. »

scoff at the idea of someone with zero political experience in power, there’s another view that says it makes perfect sense  in a business-oriented country like the US.

Take the US’s pioneering graduate business schools, for example. The first business schools were founded in the 19th century in Europe, in cities like Paris, Antwerp and Budapest. But the first Masters in Business Administration (MBA) – now considered the gold standard in business education – were first taught in the US, four decades before they were taught anywhere else.

Harvard University ran the first MBA programme in 1908. Based on the ‘scientific management’ revolution influencing industrialists like Henry Ford, it was a turning point in business education, and instantly popular. From 80 students in 1908, Harvard’s intake rose to 300 by 1920 and to more than 1,000 by 1930.

As capitalism took off in the 20th century, so did the allure of business, business schools and the MBA. In the US today, more master’s degrees are awarded in business than in any other discipline – almost 200,000. And there are now hundreds of business schools all around the world, from the Indian Institute of Management in Ahmedabad to INSEAD in Paris and Singapore, from Boston, Massachusetts, to Cambridge, England.

The thought of an MBA, then, sparks many questions. But there’s only one place to begin: should you get one? The answer is surprisingly simple. I’ll assume that you value status, a certain standard of living, health and longevity. If you do, the answer is yes.

As Sir Michael Marmot, one of the world’s leading public health experts, shows in his book Status Syndrome, status is key to a long, healthy life. And while money is important, the closest correlation to status can be found in the level of educational achievement. Graduates, in general, live longer than those who drop out of education after high school. Those with master’s degrees outlive graduates. Doctors live longest of all.

92 93

My favourite line about America’s most outspoken businessman was a comment made by Kellyanne Conway in November, just after the election. “It’s a great story for America that someone with zero political experience can pop in and become president of the United States,” she said. “It really is the American dream.”

Think about this statement for a moment, and you can see she’s right. President Trump does encapsulate the American dream. And he does this through two indisputable facts that both begin with the letter B.

First, Trump is a billionaire. That doesn’t just mean he’s rich. As Alexis de Tocqueville observed in Democracy in America, in a fluid society like the one in the US, a person’s worth is measured by their wealth. So Trump’s money is not only a measure of his financial power. It also signifies that he is worthy of respect.

The second B is for businessman. According to former president Calvin Coolidge, speaking back in January 1925, “The chief business of the American people is business.” So, while some

“

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Previous page: Founded in 1348, Gonville & Caius is one of the oldest colleges of the University of Cambridge; A Harvard graduate takes a last look back at his university.

Left: Jesus College of the University of Cambridge.

Above: The famous Radcliffe Camera of Oxford University.

Left: Graduates of Cambridge University.

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Once you’ve decided on your mode of study, you’ve got to narrow down the style of MBA. One of the core benefits of the MBA has always been its generalist nature. The skills are transferable and the network wide. But, today, many people already know the area they want to pursue, so specialist MBAs work for them. If you’re one of them, and already set on a career in shipping, CSR, tourism, sports management, music, there’s probably a tailored MBA out there to suit your needs.

Another question worth asking. With the rise of MOOCs – Massive Open Online Courses – do you even need to shell out the required thousands to get the skills? Couldn’t you get the ‘hard skills’ online, and spend more time working on networking and learn leadership skills elsewhere?

So having made the decision to MBA, more complex answers as to where, how and whether it’s really right for you still need to be answered.

But despite the clear benefits, an MBA isn’t essential for success. After all, seven out of ten of the world’s largest listed companies by market cap are led by people who aren’t MBA graduates. And America’s CEO, while he may have once have had his own eponymous university, doesn’t have an MBA either.

This page, top to bottom: Moors Hall of the Radcliffe Quadrangle at Harvard University; A happy MBA student poses for the camera during class.

“Three out of ten CEOs at the world’s 500 largest listed companies by market capitalisation are led by an MBA graduate”

Pictured: Hugo TT and TToby

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99

W EAT H E R BYS L I F E

98

HENLEY ROYAL REGATTA

A U N I Q U E E V E N T

H E N L E Y | 28 J U N E – 2 J U LY 2 0 17

One of the foremost social occasions of the British summer, Henley is

undoubtedly the best-known regatta in the world. In collaboration with

American Express, guests of Weatherbys Private Bank will enjoy a truly

unforgettable day from the privacy of a beautifully restored temple,

situated on its own island with spectacular views.

hrr.co.uk

M AST E R P I EC E LO N DO N

T H E B EST O F T H E B EST

LO N D O N | 29 J U N E – 5 J U LY 2 0 17

Over the past seven years Masterpiece London has established itself

as the leading international event for viewing and buying the finest

works of art. Guests of Weatherbys Private Bank will enjoy an evening

of champagne and a private curatorial tour of the fair by Gladwell

& Patterson, a truly unmissable event of the summer season.

masterpiecefair.com

ROYA L ASCOT

LU N C H & R AC I N G

A highlight of the British social calendar, Royal Ascot is a spectacle

of style revered as much for the sense of occasion as for the action

on the racecourse. Weatherbys will host guests for lunch in a private

box within the Royal Enclosure, offering some of the best facilities on

the course.

ascot.co.uk

ASCOT | 2 0 – 24 J U N E 2 0 17

R H S C H E LS EA F LOW E R S H OW

F LOW E RS & GA R D E N S

RHS Chelsea Flower Show sees a collection of the world’s leading

garden designers, florists, and plant specialists come together to

create an inspiring wonderland of horticultural displays. Guests of

Weatherbys Private Bank enjoyed After Hours access including a

champagne reception and private tour of the show’s highlights.

rhs.org.uk

C H E LS EA | 2 3 – 2 7 M AY 2 0 17

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Q&AM Y M O N E Y M ATT E RS

W I L L H O B H O U S E

1. What has money helped you to achieve in life (or business) of which you are most proud? Money has allowed us to live a family life we can share together with time to spend with the children in the evenings, at weekends and on holiday. Luckily, we’ve never had to worry about whether we have to choose between paying for the next meal or paying the rent.

2. Would you say you’re a spender or a saver? Bit of both but will spend spontaneously when the urge hits! On the other hand, it’s always good to protect the downside – and we never ‘bet the farm’.

3. What’s your greatest extravagance? Travel and holidays. We tend to go ahead and book rather than add to a ‘bucket list’. It seems to me pretty silly to end up in a box whenever that happens with a full chequebook!

4. Wisest investment? Our own home since I first bought in 1981 and then progressively bought and sold. The tax regime and increasing house values have made this both the wisest and best investment in our lives.

5. Most prized asset? Photographs and albums of all of us over 28 years of marriage. The joy of looking at photos of the children as they grew and the good times we have all had together.  

6. Everyday luxury? Epsom salts and scented oil in the bath – nothing more relaxing.

7. What do you hate wasting money on? Parking tickets, fines of all sorts, congestion charges, anything where I feel ripped off, credit card fees (pretty much always avoided), phone bills, utility bills, taxes of all sorts.

8. What do you think is the single best thing anyone can do to prepare for a financially secure future? For our generation it has been buying our own homes. There are still opportunities for the young to do this but much trickier although I am sure following Crossrail east and west is good as is redeveloping property even on a small scale, for example making the ground floor of a flat or small house open plan rather than little rooms. Pension plans for me have been a complete waste of time as successive governments have changed the rules one after the other.

9. What do you think matters more – education or enterprise? Both are good but in the end it’s enterprise that changes the world. Our children face a world with more change and disruption than we ever saw so the tools they need are adaptability and social skills much more than formal education. Nothing is as powerful as hard work and loving what you do.

10. Which three things would you save from your home in the event of fire?

My wife, children and dogs. Not sure that any of our possessions really matter!

11. What’s the best advice that you have ever been given / motto that you hold dear when it comes to money? Drilled into me from an early age was never to borrow and only to spend income not capital. Not sure either is wholly the best advice (e.g. a mortgage on one’s own home) but preserving capital is pretty good to do and definitely only put at risk what you can afford to lose. Quite like a 1 per cent rule: only invest less than 1 per cent of net worth in any risky venture.

WILL HOBHOUSE, BUSINESSMAN AND

INVESTOR, HAS BEEN TRANSFORMING

FURNITURE STORE HEAL’S SINCE HE

TOOK OVER AS CHAIRMAN IN JULY

2012. A LONDONER AND FAMILY MAN

AT HEART, HE LIVES IN SOHO WITH

HIS WIFE, KATE HOBHOUSE, AND

THEIR FIVE CHILDREN

99 mount st, mayfairlondon, w1k 2tf

creedfragrances.co.uk

27625 Creed Silver Mountain_Weatherbys 239W x 327H.indd 1 11/04/2017 12:55