The headline stealing ponzi scheme of disbarred Florida attorney Scott Rothstein has climaxed today, with his coveted luxury cars, yachts and toys auctioned off in efforts to pay back those he ripped off. The auction held today fetched a lofty $5.8 million dollars, to be funneled back to the investors he wronged. Imagine Lifestyles was there to witness history.
In just over one hour, the luxury auction unloaded 11 exotic cars, 4 yachts and 2 wave runners scored $5.8 million. This is not much compared to his estimated $1.4 billion dollar investment fraud, but hey, every little million helps.
A rather gaunt and wild-haired self-portrait of the famed artist, filmmaker, producer and author Andy Warhol fetched an impressive $32.6 million at a New York auction this week, at around twice the presale estimate.
While it is certainly steep, this is not the highest price ever paid for a Warhol painting. His 1963 piece, ‘Eight Elvises’ went for a cool $100 million. In the art world, few artists ever hit the $100 million benchmark. Artists that have include the likes of Pablo Picasso, Gustav Klimt, Jackson Pollock,Willem de Kooning and of course, Andy Warhol. I am thinking I could buy a luxury yacht or a few hundred luxury rental cars for the price of that Warhol painting.
Ferrari has been busy raising pulses, releasing its 599XX racecar last month (derived from the 599) while simultaneously debuting the 599 GTO as the brand’s fastest production car. This is a luxury car company that is difficult to keep up with this year! But wait, last week they also unleashed the Formula Rossa roller coaster. Yes, a Ferrari roller coaster! My adrenaline is already pumping.
It seems that Microsoft co-founder and former Charter Communications chairman Paul Allen is looking to unload his super yacht, “Tatoosh”, for the bargain price of about $162 million bucks.
This super luxe super yacht has a bit of an intriguing history. It was originally built for mobile phone mogul Craig McCaw at Rendsburg in Deutschland by Nobiskrug, and completed in 2000. It was designed and built by Kusch Yachts.
One anonymous phone bidder’s passion for Picasso set them back a staggering $106 million, in about 9 minutes flat. The auction took place at Christie’s in New York, and the Picasso piece was the sought-after oil painting, “Nu au Plateau de Sculpteur” (Nude Green Leaves and Bust).
This hefty sum ($106,482,500 to be precise), takes the new record for highest price paid for a piece of art. The previous record was set back in February, at Sotheby’s in London, when Giacometti’s “Walking Man I” went for an astounding $104.3 million. Rumors are circulating that the very same reclusive billionaire art collector purchased both pieces.
Expensive does not even begin to describe this hobby! Hey, for the price of those two paintings, this art collector could have purchased a brand-spanking new fire red Ferrari F430 Spider, and likely gotten more enjoyment out of it. They could have invested in a number of luxury and exotic cars for that sum, like a Lamborghini Gallardo, or Aston Martin Vantage…well, everyone has their passion I suppose.
The prestigious Picasso painting measures an unobtrusive 5 feet by 4 feet, depicting one of his many mistresses, Marie-Therese Walter in a reclined position and nude. Picasso himself is said to be in the background. The piece was painted in 1932, in just one day, and is considered to represent a turning point for the famed artist.
It is unknown if any other artist has brought in that much money on a piece that consumed only one day of their time. I would consider that a good day’s work. I am curious if the piece will now go back into hiding, or if the new owner (whoever it is) will be sharing it with others. It really is a remarkable piece, and I feel it should be shared, yet for the price the new owner paid for it, they are free to do whatever they please with it.
Is it me, or do luxury cars and antique luxury cars keep getting more expensive? Exotic and luxury cars represent a market that consistently surprises, like with the recent sale of a 1936 Bugatti Type 57SC Atlantic, for a staggering $30-$40 million.
While the auction house and broker, Gooding & Company is mum on the matter, reports place the transaction for the antique Bugatti between $30-$40 million. I am searching the Rolodex in my brain for a car that has sold for more. If reports are accurate, this buries the previous record of the 1957 Ferrari 250 Testa Rossa last year.
The main distinction between a luxury yacht and a superyacht is of course, the pricetag. True to form, the superyacht Alfa Nero has hit the market at a staggering $190 million.
This is a 269-foot Oceanco superyacht, and is listed by Edminston & Co. The elegance begins with the fact that this luxury vessel was named for Roman emperor Nero. She was ranked #43 in Boat International’s list of the world’s 100 largest yachts in February of 2009, and is Lloyds classed and MCA compliant. Yes, it would certainly seem this is a superyacht of stature!
No, that was not a typo in the headline; there is actually a stamp worth an estimated $2.3 million dollars or more! It is the Treskilling Yellow, printed in Sweden in 1855, and was interestingly enough the result of a printing error.
Indeed. It seems the story goes that rather than printing the three-skilling stamp on green stock, it was printed on yellow/orange stock paper. It wasn’t until 1970 that the authenticity of this imposter was questioned by the Swedish Postal Museum, who then found it to be genuine. Only one known copy of the “Treskilling Yellow” postage stamp exists, making it the most expensive stamp in the world.
Ahh the Hamptons, synonymous with the rich, the famous, and well, money. Nothing is too extravagant for those who can afford the finer things in life, like having a “house in the Hampton’s”, such as the house that was recently rented to an anonymous family for two weeks, at $500,000. That is $35,000 per day for two weeks. Gulp.
This could be the record for the most expensive rental in the history of the area. If this is not the most expensive rental, I want to know what is. This puts even the most lavish of luxury hotels to shame.