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The Ultimate In Luxury Gifts

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    Hotel Openings and Reopenings North and South

    July 29, 2001

    The face of the California hotel scene is about to change: Hotelier Ian Schrager on Tuesday will unveil his $50 million refurbishment of the 88 year old Clift Hotel, his first property in San Francisco. He has added 49 rooms to the Clift, for a total of 375. He also is working on a $25 million redo of the Miramar in Santa Barbara, which he bought in 1998. His hip hotel holdings include West Hollywood's Mondrian fake cartier ring and the Delano in Miami. Pasadena Junior Philharmonic Committee as always is out to make more on the 1990 Pasadena Showcase House of Design than it did last year when it netted $430,000 for the orchestra. Actually, one need search memory no further than the knock off necklace cartier musical "Les Miserables" to recall that in fact they do the spectacular with particular panache. The first thing that strikes home about about Gerard Garouste's exhibition at the Santa Monica Museum of Art is that it looks like a stage set in search of script. Release dates and other details, as compiled by Oliver Gettell, are subject to change. FOR THE RECORD: Movie previews: A listing in the Jan. Jan. 17 Back in the Day An aspiring actor best known for his insurance commercials heads home to Indiana for his high school reunion and reconnects with his now married friends and an old flame.
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  • Brooke Astor's possessions go under the hammer

    Sotheby in New York is pulling no punches. In advance of its two day sale of property from the estate of the late Brooke Astor, its publicists describe Astor as a 'beloved philanthropist and legendary figure in New York society

    So far, so good. In apartment buildings across the city Upper East Side, few dissent from that assessment. Ditto representatives of the city many charitable organisations that benefited from Brooke Astor $200 million of donations over four decades. What to British ears sounds like hyperbole may be wholly sincere.

    Brooke Astor died on August 13 2007 at the age of 105. Her death from pneumonia followed a period of increasing reclusiveness and gradual decline, which almost certainly included the onset of Alzheimer disease and was further marred by a very public battle over the nature of the care provided for her by her octogenarian son, Anthony D Marshall.

    In the aftermath of her death, both her New York apartment a 14 room duplex at 778 Park Avenue and Holly Hill, her handsome, bijou estate in Westchester County, 30 miles north of Manhattan, were offered for sale. The latter eventually realised $7.5 million against an original asking price of $12 million; the New York apartment sold for $21 million, less than half its initial $46 million asking price.

    Now Sotheby has put a decidedly conservative lower estimate of $6.5 million on its forthcoming 900 lot sale, especially when you consider that it includes a diamond necklace set with 13 emerald drops each the size of a peardrop, drawings by the likes of Canaletto, and 17th century Chinese lacquer furniture.

    Brooke Astor was no ordinary socialite. Certainly she was rich, had a well known name, and was chic and immaculately coiffed, but there the resemblance with other New York socialites ends.

    With her daytime uniform of pearls, white gloves fake cartier love earrings and hats (latterly often with veils), an evening weakness for lavish jewels and sumptuous designer frocks, her devotion to a succession of noisy, small dogs (in her case dachshunds), and an apparently consuming passion for philanthropy, Astor was widely regarded by her compatriots as New York answer to the late Queen Elizabeth the Queen Mother only thinner, two years younger, with three husbands to her name rather than one, and a widowhood of 48, rather than 50, years.

    She herself first made the connection with royalty, saying, 'Unlike Queen Victoria we are amused we are always amused. But where the British Royal family has galvanised a nation voluntary and charity workers through a canny exploitation of the mystique of monarchy, Astor relied on the more tangible potency of money. 'Money is like manure, she liked to say, quoting the novelist Thornton Wilder. 'It not worth a thing unless it spread around.

    The money in question came from Astor third husband. She married the famously difficult Vincent Astor, whose demons included anger management and alcohol, in 1953. She was never beautiful, but she was radiant and charming

    Only 11 months had passed since the death of cartier love ring imitation her previous husband, Charles Marshall, whom she described as the love of her life. If her marriage to Marshall was a love match, her decision to accept Astor proposal he reportedly bombarded her with five letters a day may have been more pragmatic (his nephew Ivan Obolensky labelled Brooke unambiguously an 'adventuress

    Whatever its basis, the marriage proved outwardly successful. Vincent Astor died of a heart attack in 1959 and left his wife a fortune estimated at about $60 million, with an equal sum earmarked for 'the alleviation of human suffering via the Vincent Astor Foundation, the charity that Brooke Astor oversaw until she wound up its activities in 1997, when she was 95. Prophetically, Vincent Astor had told his wife, 'Pookie, you are going to have a hell of a lot of fun running it. As he intended, the 'human suffering targeted lay within New York City, the source of much of the Astor fortune, which had its roots in the fur trade and New York real estate.

    'A hell of a lot of fun appears to have been precisely what Brooke Astor had. She made the Vincent Astor Foundation her life work. From the outset she determined to be more than a figurehead. Her involvement was always personal. When neighbourhood regeneration programmes applied for grants, it was not a faceless bureaucrat with a clipboard who conducted the site visits but Astor herself in a chauffeur driven Mercedes and wearing her finest: typically three strands of pearls, a hat and high heels, even in her 90s.

    'If I go up to Harlem or down to Sixth Street, and I not dressed up or I not wearing my jewellery, then the people feel I talking down replica cartier gold ring to them, she said. 'People expect to see Mrs Astor, not some dowdy old lady, and I don intend to disappoint.

    The cause with which she was most closely associated, and which she made her exclusive focus in later years, was the New York Public Library. That grandiose Beaux Arts building is famous for the monumental pair of pink Tennessee marble lions that flank its front steps. Among the jewellery Astor bought herself is a brooch made by Van Cleef Arpels in the form of a New York Public Library style recumbent lion. Decorated with coloured diamonds, coral and rubies, it is articulated in the manner of the Duchess of Windsor Cartier big cats. It is included in the sale, with an estimate of $20,000 30,000.

    Brooke Astor life contains elements of an all American fairy tale: a happy, conventional upper class childhood followed by a series of marriages to ever richer husbands, culminating in an apparently contented and distinguished widowhood in which, through charitable endeavour, she repaid her good fortune.

    There were nightmare elements, too: her first husband was an alcoholic who beat her and frittered away his days playing golf for exorbitant stakes ($2,000 a hole in the 1920s). Her second husband lost his money, forcing her to trade on her connections and take a job with Cond Nast, at House Garden. Astor himself cannot have been an easy companion.

    Then, at the end of her life, came mental degeneration and accusations that her only son had betrayed her. But in public she never stopped smiling. In 1996 the New York Landmarks Conservancy named her a living landmark: 'A list of the city monuments is incomplete without her name alongside, it reported. Like any New York landmark, she presented an unruffled mien.

    Presumably the Astor who was 'always amused recognised her own good fortune, which included being able to indulge her enthusiasms. The interior designer Albert Hadley, who worked on her country house, Holly Hill, as well as her New York duplex (he installed brass trimmed, cinnabar coloured lacquer bookshelves replica cartier earrings in the library, which would become an icon in the history of American interior design), claimed of Astor involvement in the decoration of her homes, 'No one can equal her gaiety of spirit, her joyous laughter and her keen wit.

    Her visual wit included a distinctly 'doggy element to several rooms, with massed displays of historic canine portraiture and garnitures of antique Chinese carvings of dogs of Fo alongside more whimsical inclusions: ceramic dachshunds and dog bowls modelled with dachshund figures. Sotheby sale includes a group of 75 dog paintings, their subjects predominantly King Charles cavalier spaniels and, of course, dachshunds.

    Among highlights is a painting by the 19th century Leicester born sporting artist William Nedham of a liver and white springer spaniel and a smaller toy spaniel probably intended to represent a King Charles (estimate $3,000 5,000).

    Nancy Astor, an earlier Astor bride, was disdainful of her father in law William Waldorf Astor alterations to Cliveden in Buckinghamshire, which included 18th century French boiseries and furniture made for Mme de Pompadour hunting lodge at Asnires. Brooke Astor collection also includes a number of pieces of 18th century French furniture, alongside large scale English giltwood looking glasses and girandoles of the same period. But while the effect in that earlier Astor house was of sumptuous excess, in Astor homes extravagance is leavened by quirky Chinese pieces, predominantly black lacquer and porcelain, inspired by her childhood in what was then Peking, where her father, Major General John Russell, was the commander of the guard at the American legation.

    At Sotheby Elaine Whitmire, the vice chairman and head of single owner sales, says Astor collection is 'exactly what one would expect from an extremely well travelled woman of her time. Her interests are clearly varied, and her residences reflect a very lady like refinement beautiful interiors that are stylish but always warm and inviting. It is, it seems, a collection born of love not necessarily of the variety found in marriage, but a love simply for objects themselves. In her 90s Brooke Astor published doggerel verse in the New Yorker: 'Love is an apple, round and firm/Without a blemish or a worm./ Bite into it and you will find/You lost your heart and lost your mind.
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    While Intel hasn't yet revealed the full specifications and features of the device, it will reportedly provide smartphone notifications on a curved, sapphire glass touchscreen display. Like Samsung's recently unveiled Galaxy Gear S, it will be equipped with a 3G radio and can be charged either wirelessly or via USB. MICA will comes in two styles white snakeskin and obsidian, or black snakeskin with pearls. Intel will market the device through a partnership with high end fashion retailer Opening Ceremony.

    Intel is scheduled to reveal more details about MICA in October and to officially launch the device at Opening Ceremony's spring and summer 2015 fashion show in New York. According to CNET, the device will cost under $1,000 at Barneys and bracelet cartier love imitation Opening Ceremony stores. was $189. Samsung controls roughly 71% of the smartwatch market, according to Strategy Analytics, thanks to its wide range of smartwatches that dominate the $150 to cartier diamond necklace replica $300 price range.

    The market above $300 is currently uncharted territory. The most high profile device in that price range, Apple's $350 Watch, won't arrive until next year. Hewlett Packard is working on a high end smartwatch with online retailer Gilt, but the price is yet unknown. Start up Kairos is developing a traditional mechanical watch that sends notifications via a transparent OLED screen on the watch face. Kairos is accepting pre orders for the watches, which cost between $499 and $1,199.

    Will the wearables and luxury markets converge?

    The high end wearables market is untested, but we can still compare the growth trajectory of the wearables and high end jewelry markets.

    Research firm ON World said it expects wearables shipments to rise from 4 million in 2013 to 330 million by the end of 2018. However, ON World also noted that only 8% of 1,000 respondents in one survey said they were willing to buy a health tracking wearable device for over $299. That suggests $300 is the ceiling for smartwatches, but it doesn't necessarily mean that there won't be demand for high end luxury bracelets that are considered fashion accessories instead of fitness trackers.

    McKinsey estimates that between now and 2020, the global jewelry industry will grow at a rate of 5% to 6% annually. In 2003, branded jewelry like Tiffany and Cartier only accounted for 10% of that market. In 2011, that percentage doubled to 20%, and McKinsey expects it to rise to 30% 40% by 2020. This means recognizable name brand jewelry will outpace the growth of the overall industry. Therefore, it makes sense to test out branded luxury wearable devices to tap into both markets, as Intel and Opening Ceremony are trying to do.

    Other high end retailers have recently experimented with blending the two markets. Ralph Lauren unveiled a "smart shirt" with sensors that can send biometric data to a user's smartphone. Tory Burch has partnered with Fitbit to design exclusive fashion accessories, which can cost up to $195, for the company's Flex fitness bands.

    Tory Burch's metal hinged bracelet for Fitbit Flex (L) and the Fitbit Metal Fret Pendant (R). Source: Tory Burch.

    How wearable luxury fits into Intel's long term strategies

    Over the past year, Intel has made major moves into the wearable devices industry.

    At the Consumer Electronics Show in January, the company unveiled Edison, a SD card sized computer that could theoretically be placed in chairs, coffee cups, or baby monitors to connect them to the Internet of Things. In March, the company acquired Basis, which makes fitness bands that use optical and skin sensors to take biometric readings. Last month, Intel announced a partnership with SMS Audio, which is majority owned by rapper 50 Cent, to produce biometric earbuds that can continuously track heart rate, distance traveled, and calories burned. Earlier this month, Intel signed a deal with Fossil to design fashionable wearable devices. The upcoming launch of MICA is yet another way for Intel to expand its presence in the wearables market.

    If these efforts fail, they won't impact Intel's core microprocessor business. But if they succeed, Intel could gain a valuable edge over rival ARM Holdings, which has expanded quickly into the wearables market by licensing chips for Samsung's smartwatches and Google Glass.

    The Foolish takeaway

    Intel's MICA is clearly a bold test to see if consumers are willing to pay $1,000 for a wearable device.

    If the MICA is even moderately successful when it arrives next year, I believe that more partnerships between tech companies and upscale fashion retailers will emerge. If it fails, Apple's cheaper Watch will likely define the upper price range of wearable devices instead.

    In my opinion, Intel's MICA should generate enough positive buzz thanks to the growing demand for branded luxury jewelry and the cartier gold bracelet replica rising demand for smartwatches to convince other companies to test the waters with their own high end wearable devices.

    The real winner is behind the Apple Watch (warning, it may shock you)

    Apple recently revealed the product of its secret development "dream team" Apple Watch. The secret is out, and some cartier juste un clou bracelet knock off early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in the know investors. To be one of them, and see where the real money is to be made, just !

    Leo Sun owns shares of Apple. The Motley Fool recommends Apple and Intel. The Motley Fool owns shares of Apple and Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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