Luxist

The publicity may have slowed down, but Michael Jackson fans are still coming out in force. Several lots soundly beat presale estimates at an auction conducted by Julien's Auctions. The staples of Michael Jackson's image -- such as the famous white glove and the jacket from the "Bad" tour -- went under the gavel. A presale estimate for the entire auction of $80,000 to $100,000 quickly became irrelevant, as bidders sent prices into the stratosphere.

The white glove opened at $10,000 but went immediately to $120,000 before settling at the final price of $350,000 (not including fees and commissions). After all fees and taxes, Hong Kong businessman Hoffman Ma spent around $420,000 for the piece of Americana that Darren Julien, the auction house's CEO, describes as "the Holy Grail of Michael Jackson." It was expected to sell for $50,000.

The black jacket, with all the straps and zippers, that Jackson wore during his 1989 "Bad" tour, also made presale estimates pointless. It closed at $225,000 (before any fees or taxes), more than 20 times the expectation.

At the auction, held at the Hard Rock Café in Times Square, most of the 80 lots pertained to Michael Jackson, generally provided by friends and family who had received them as gifts. Other lots included a car driven by Jackson, a guitar once owned by David Bowie and memorabilia from the Beatles.

The State of California and the watch maker brand and group Franck Muller have something in common. They are both in dire financial straights. Both have likely over extended themselves financially, and both seem to continue in operation somehow.

California governor Arnold Schwarzenegger was recently spotted in Milan, Italy shopping at a Franck Muller boutique store. While Schwarzenegger is a well known watch lover, I was not previously aware that he was a fan of Franck Muller timepieces. Now I know. For those of you that don't know, Arnold is a big fan of big watches. Luxury watch brands have been known to make special timepieces just for him. One relatively recent watch I hear that he purchased was sized at a whopping 60mm wide. To my knowledge, Franck Muller doesn't make anything this large, but they have some hefty timepieces.

The reports aren't clear as to what, if anything Schwarzenegger purchased. He spent some time in the store, as you can see by the candid security camera images. Perhaps if he is helping to save one fiscally troubled entity, he might also refocus his efforts on the State over which he is currently presiding as governor - that probably needs his help more.

Ariel Adams publishes the luxury watch review site aBlogtoRead.com.

Via Business Montres (in French).

If you'd like to be an author with a nice house, write thrillers. The best author houses I've seen belong to the thriller writers. Today's home in Palm Beach Florida belongs to James B. Patterson. According to the Wall Street Journal's Private Properties column Patterson calls his beautiful home with frontage on the intracoastal waterway the house that Alex Cross built, referring to his popular psychologist main character. Patterson used a wood-paneled office with a water view (outfitted with plenty of Patterson books in the listing pictures) as his writing studio. The turquoise and white kitchen currently decorated with a collection of gleaming copper pots has the type of farmhouse style appeal one doesn't usually see in lavish Palm Beach homes. Outside there is a terrace surrounding a heated pool with spa ,built-in barbecue and a dock with boat lift. This home is listed at $14.95 million.

Patterson is moving his family to an even bigger home, a two-acre Palm Beach estate, with a 20,505-square-foot main house which he picked up for $17.45 million over the summer.

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This seems to be the year of pocket watch from haute luxury watch makers. Something about a "return to classic tradition and heritage of the brand." Say that out-loud in an obnoxious ambiguously European accent for the "full effect." From Glashütte Original comes the lovely limited edition Pocket Watch No. 1. Maybe it is their first pocket watch, at least I think it is in the modern era.

Really the pocket quite is quite classic, in most every design sense. Details are still thin, so I can't tell you about the price or size yet. Expect that it is "of average pocket watch size." I do know that the case is in 18k rose gold, with hinged lids on both the dial and caseback. The dial is enamel, with blued steel hands, and painted Roman numeral hour markers. It has a tasteful looking subsidiary seconds dial as well.

Movement is the hand-wound 84-10, newly design caliber movement that has a few nice features. In addition to the time, the movement has a quarter repeater mechanism. Activating a lever on the side of the watch enables the watch to repeat the time back to you in an audio form, that is accurate to the closest quarter hour. The movement also features a zero-reset mechanism for the seconds hand, which resets the seconds indicator when you pull the crown out for accurate setting.

The Pocket Watch No. 1 comes with a matching rose gold chain. The watch looks very handsome, but carrying around a pocket watch these days is certainly an acquired taste. Glashutte Original is making just 25 pieces in this limited edition, that will be officially unveiled at Baselworld in March.

Ariel Adams publishes the luxury watch review site aBlogtoRead.com.

We've seen the bag of tricks the exotic auto tuners have used on the brand new four-door Porsche Panamera - now how about a bulletproof version? An armored Porsche Panamera Turbo has just been listed for sale in Frankfurt, Germany via global online luxury marketplace JamesList for €295,000, or about $450,000. It comes equipped with armored steel in the doors, posts, overlaps and walls, and ballistic steel in the roof and floor; bulletproof glass; run flat tires; an armored fuel tank; armored battery and radiator protection; and more. Capable of stopping 9mm rounds as well as an assault from an M16 or .44 Magnum, the car's impressive performance is not hampered in any way by its added security measures.

Would you like to own a unique piece of privately commissioned artwork? Now is your chance. The Museum of Modern Art in New York is offering up for sale limited quantities of collectible works.

Entrepreneur and art collector, Peter Norton is known not only for his genius in creating computer software but for commissioning art and for his philanthropy. Every year since 1988 he has asked artists whose work he collects to create unique pieces to be sent as gifts to his family and friends. This year he is donating various pieces to be sold to the public through MoMA with all proceeds to go to P.S. 1. For those who are not familiar with P.S.1 Contemporary Art Center it is one of the oldest and largest non-profit art institutions in the United States. It is an exhibition space and devotes its resources to displaying experimental contemporary art.

Some of the artworks featured include:
Untitled (Condoms), Daniel Martinez, 1990
Freedom, a Fable: A Curious Interpretation of the Wit of a Negress in Troubled Times, Kara Walker, 1997
Untitled (Dollhouse), Yinka Shonibare, 2002
Untitled (Music Box), Christian Marclay, 2005 (shown above)

Certain items can be bought individually with prices ranging from $150 to $1,000 dollars, while other pieces must be purchased as a complete MoMA set" for $6,200. To see a samples of the various works in person, head to the bookstore on the second floor of the museum, otherwise the works can be viewed and ordered online.

From the LA Times Hot Properties:
--A 13,500-square-foot home in Tarzana with a tennis court and koi pond, an underground garage that fits 16 cars is being put up for auction. It was once listed at $9.775 million and cost more than $7.5 million to build. The minimum bid will start at $2.1 million on Dec. 5. The property website is here.
--Personal trainer Bob Harper of "The Biggest Loser" has purchased a home in the Hollywood Hills for $2.9 million.
--Robert Loggia has sold his longtime Bel-Air home for $2.95 million.


From Cityfile's Buyers and Sellers:
--Rod Aldridge, the founder of British outsourcing company Capita Group, has picked up a place in New York for $13.75 million at the Superior Ink building on West 12th Street.
--via the NY Observer, Doug Von Allmen, a venture capitalist and victim of alleged Ponzi-schemer Scott Rothstein, has put his duplex apartment at the Time Warner Center on the market for $18.45 million. The listing is here.
--Bank of America portfolio manager Raymond Cubero and his wife, Kathleen Comerford, have changed brokers and dropped the price of their Trump Tower duplex. The four-bedroom "smart house," is down from a high of $14.995 million to $12 million. The listing is here.
--via Curbed, architect Dean Maltz has paid $3.4179 million for a four-bedroom apartment at the Metal Shutter Houses at 524 West 19th Street.
--Gisele Bundchen has officially sold her triplex penthouse at 347 West 11th Street. The 1,700-square-foot apartment, which originally hit the market for $10.9 million sold for $4.4 million.
--Steven "Mac" Heller, the former head of investment banking at Goldman Sachs, has sold his three-bedroom apartment at 14 East 75th Street for $4.725 million.
--via Newsday's Real LI, Billionaire Ron Lauder has sold a 2.77-acre estate in Wainscott for $5.256 million to his daughter Aerin Lauder Zinterhofer.
--Former Ariba CEO Lawrence Mueller and his wife Mary Kay have gone into contract to sell their condo at 15 Central Park West. The three-bedroom apartment which the couple first listed for $16.5 million in May was reduced to $15.5 million in October.
--Alex Acquavella, the son of top NYC art dealer Bill Acquavella, has paid $3.9 million for an apartment at 50 Gramercy Park North.
--Melvyn Blum, a retired EVP at Vornado Realty Trust, has sold his apartment at the Trump International for $6.4375 million.
--via the NY Observer, the Rothschild Mansion has undergone a price cut for the third time this year. It was once listed as high as $35 million and is now listed for $25.5 million. The listing is here.

From the NY Post:
--A four-bedroom condo at The Dakota is in contract for $11.5 million after once being listed for as much as $24 million. The buyer is Mark Fisch, managing partner at Continental Properties, a New Jersey-based real estate firm.
--Nicolas Cage's Olympic Tower condo at 641 Fifth Ave. has just closed at $7.5 million.

--At 76 Crosby St., where Kelly Ripa has a duplex penthouse there was a bidding war for a 2,578-square-foot apartment with a $4.35 million listing price. The two-bedroom home with a deep soaking tub in the master bedroom suite is now in contract after about three months on the market.The new owner will share the second floor with Gawker Media boss Nick Denton. The listing is here.

From the Wall Street Journal's Private Properties:
Fashion mogul Tommy Hilfiger has finally sold Stone Hill, his Greenwich, Connecticut home for $20 million. He first listed the estate more than a year ago for $27.9 million.

--The heirs of a California builder have listed the 600-acre Middle Ranch, the getaway spot of film director Cecil B. DeMille, for $28 million. The listing is here.


From the Chicago Tribune's Elite Street:
--Chicago Bears player Dusty Dvoracek has sold his Lake Villa home to teammate Juaquin Iglesias for $344,500. Dvoracek purchased the home in 2006 for $365,000. In January he listed the home for $389,900.
--White House chief of staff Rahm Emanuel has rented out his four-bedroom, 2,719-square-foot house in Chicago's Lakeview neighborhood for one year for $4,995 a month. Emanuel purchased the house in December 1998 for $695,000.
--Nancy Hughes, the widow of filmmaker John Hughes, has bought a 17-room, 6,700-square-foot English country-style house in east Lake Forest, about a block from Lake Michigan, for $5.2 million.

From the Real Estalker:
--Real Housewives of Atlanta's Kim Zolciak is not moving to Los Angeles and is staying put in her Atlanta, GA area townhouse condo.
--Zsa-Zsa Gabor may have lost as much as $10,000,000 in the Madoff scandal and has had a $118,000 tax lien placed against her Bel Air Road residence. An unpaid tax lien can force the sale of a property if the debt is not paid.
--LaToya Jackson has seen condominium at the Regency Towers inside the Las Vegas Country Club in Las Vegas, NV taken away from her in foreclosure proceedings. Rumor has it that she now lives in a condo in one of the tall apartment towers that line Wilshire Boulevard near Westwood and Century City.
--Actor Gale Harold has listed a four-bedroom duplex in Los Angeles for $1.3 million.
--Ali Larter and Hayes MacArthur have picked up a four-bedroom home in Los Angeles for $2.925 million.
--Nicolas Cage has listed a three-bedroom home in Newport Beach, California for $995,000. He bought the home in 2006 for $1.7 million for his father who recently died. The listing is here.

From Berg Properties Big Time Listings:
--Actor Rob Lowe and his makeup artist wife, Sheryl Berkoff, have sold a six-bedroom house in Montecito, Calif. for $7.6 million.
--A look at "Harry Potter" actor Rupert Grint's real-estate empire: two country mansions plus another house, all worth about 9.2 million pounds.

From Brickwork: The London Property Blog:
--via Telegraph, Suzie Quatro, best known to U.S. fans as Leather Tuscadero from Happy Days is selling her mansion 'Hyde Hall' for £2.3 million. The listing is here.

Chanel is opening a new boutique in Shanghai on November 25. Peter Marino is the architect for the new space and was inspired by the Paris apartment of Mademoiselle Chanel. It is a fitting city for the famous couture house to unveil a new store as Shanghai is known as "the Paris of the East".

According to the architect, the idea was to give this new boutique a residential feel by combining hand picked art, antiques and other objects with a refined store decor. The fashion house has also commissioned original artwork by french artist, Jean-Michel Othoniel, to be displayed. The art of shopping is to be a subtle experience at this unique salon where customers enter the apartment-like space, can sit on sofas and have individual items brought to them as opposed to jostling elbows with other shoppers while browsing the merchandise. It is to be a different, more elegant, experience for the customer. Peter Marino is quoted "The result is comfort, quiet elegance, timelessness. The chic of Chanel."

Karl Lagerfeld has also designed exclusive products only to be sold in the Shanghai location to celebrate the stores opening. These include a classic quilted flap handbag with an inside signature "Shanghai Karl Lagerfeld", sling-back heels with a metallic CC logo, various items of clothing including a tweed jacket and skirt with gold trim.

The boutique has an excellent location in the newly opened The Peninsula hotel. The latest addition to the luxury travel market the Art Deco styled hotel has a terrific location on the Bund, the waterfront promenade in Shanghai.

Forbes loves lists, and this is a great one if you love to resent actors' huge paychecks -- the Top 10 Overpaid Actors, that is, actors who cost more than their box office worth. According to MSN, in order to qualify for the list, each actor had to have appeared in three films in the last five years that opened in at least 500 theaters. No. 1 on the list is Will Ferrell. For every $1 Ferrell earns, his movies only earn $3.29. The No. 2 spot is filled by Ewan McGregor. His ratio is $1 to $3.75. Nos. 3, 4, and 5 are Billy Bob Thornton, Eddie Murphy, and Ice Cube. Coming in at No. 6 is Tom Cruise; No. 7 is the only woman on the list, Drew Barrymore; and Nos. 8, 9, and 10 are Leonardo DiCaprio, Samuel L. Jackson, and Jim Carrey. Forbes explains it all here. View the official list, with photos, here.

Partnering with The Elton John AIDS Foundation, Jimmy Choo has launched Project PEP, a line of bold, punk rock accessories whose sales benefit the Simelela Rape Center in Cape Town, South Africa. The collection comprises 11 items -- bags, shoes, a cuff, and mobile accessories -- that range in price from $85 - $995. The shoe pictured, the PEP LOOP, is $975. Take a look at the gallery for a few more items from the collection.