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Wednesday, April 27, 2011

Deal of the (19th) Century

It's not exactly news that antique furniture prices have been in the doldrums for a few years now.

We were visiting a week ago with a friend who runs an antique shop in Vermont, doing our best to feign interest as he complained that (1) prices had dropped to rock bottom levels and (2) that even so, no one was buying old pieces anymore.

Biedermeier desk

This 1825 Biedermeier cherrywood chest
may be out of favor, but it's still a beaut.
So we were not surprised a few days ago to read a Wall St. Journal article on the same subject.

"The market for period pieces, including 18th-century Louis, authentic English Regency and Irish Chippendale, is ripe for the picking," says the Journal. "Consider this: A pair of Louis XVI fauteuils that were $35,000 15 years ago just went for $10,000 at auction."

There are deals to be had on English Georgian and German Biedermeier furniture, as well.

If you believe that one good piece can carry an entire room, then now is the time to get serious. Prices of good antique furniture will rebound eventually. In three, five, or ten years, a $10,000 purchase today could be worth two or three times as much.

Read the complete Journal report here.
 

Wednesday, April 13, 2011

Deep Discounts on Wine Abound and Aren't Going Away

More than a year ago, The Luxury Life alerted readers to the remarkable wine discounts available through sites like winestilsoldout.com and cinderellawine.com.

Today's New York Times reports on the success of these and other wine bargain sites. The paper says that the flash wine market now comprises about $100 million per year, or about 25% of all wine sales.

Read more about how to get some great prices on very good wines in our original report and in the Times article.

Friday, April 1, 2011

Life's Little Luxuries: C'est Cheese!

National Grilled Cheese Month starts today.

With news of such staggering proportions, we're temped to shout, "Hold the panini presses!" But we will resist.

Au contraire, we take our melted cheese seriously, and so we reprint our blog post commemorating National Grilled Cheese Month of 2009:


We offer some fabulous grilled cheese recipes from Bobby Flay and others.

Here's Bobby's Grilled Brie and Goat Cheese with Bacon and Green Tomato.

Our favorite TV chef Tyler Florence serves up a great Grilled Cheese with Apple and Bacon.

Alton Brown demonstrates how to make his version in this short video.

From Bon Appetit magazine, here's a yummy Grilled Ham And Gouda Sandwich with Frisee and Caramelized Onions (shown here).

And just for fun you can't beat that childhood favorite, the Velveeta Grilled Cheese Sandwich.

Tuesday, March 22, 2011

The Artful Traveler: Egypt's Time Is Now


There may be no better time to visit Egypt than right now.

Popular attractions such as the Valley of the Kings in Thebes, the Great Pyramids in Giza, and the spectacular Egyptian Museum in Cairo would normally be inundated with thousands of tourists each day. Newspapers here and in the UK report that these and other sites are virtually deserted.

At the same time, some airlines and many hotels have reduced prices to lure back the 1.1 million tourists who left during the revolution.

England and other European nations have lifted travel advisories. Correspondents from the Guardian, The Independent and The Wall St. Journal all say that the country is safe despite the recent upheavals and that tourists are receiving a warm welcome.

Business is business, after all.

When we were in college, we used to get very cheap flights to Africa and the Middle East by booking with British travel agencies and tour operators. To get the best deals today, you should try the same approach. (Use your frequent flier miles to get to London for even greater savings.)

For example, The Independent reports that On the Go Tours has a nine-day cultural tour of the Nile valley for £649 per person. The price includes return flights from Heathrow to Cairo on 29 March, transfers, two nights sailing on the Nile on board a traditional Egyptian felucca (sailing boat), four nights' accommodation in four- and five-star hotels, two nights on a train, breakfast each day and some meals. A local tour guide, with a degree in Egyptology accompanies the trip (+1 (866) 377-6147; www.onthegotours.com).

Hurry and go soon, because travel experts think tourism will bounce back quickly (months, not years as in Yugoslavia, for example).

Read more about Egyptian travel at attractive prices in The Independent, the Guardian, The Wall St. Journal.

For a list of international travel companies offering tours to Egypt, click
here.

Tuesday, March 1, 2011

The Annals of Luxury: China Poised to Be No. 1 Luxury Market

Rolls Royce will soon sell more cars in China than in any other country.

The PRC already is the car maker's second biggest market after the U.S. (Britain, the United Arab Emirates, and Japan are numbers three, four, and five.)

The Chinese appetite for luxury cars appears insatiable. Sales of BMWs and Mercedes doubled last year. No small wonder, thanks to the rapid rise of the wealthy class in China.

A military parade rolls past a Gucci boutique in Beijing. (Photo: gadgetdan/flickr.com)

Forbes reports that only the U.S. exceeds China in the number of dollar billionaires. There are 130 in the PRC today. Five years ago, there were just a handful.

It's not just the ultra-rich that are thriving. The merely wealthy are doing quite well, too. The past decade saw a 50% annual increase in the number of Chinese millionaires, from 24 in 2000 to 1363 in 2010 – and most of them under 40 years old.


Vuitton boutique in Shanghai
Take a number! Patrons line up for Vuitton's Shanghai boutique




Expensive cars are just the tip of the iceberg when it comes to the super-charged Chinese luxury market.

Luxury goods companies are expanding rapidly in China to accommodate demand that will account for half of their forecasted global growth in the next 10 years, according to a study by CLSA, a leading Asian brokerage and investment group.

Before that happens, China will have become the world's largest market for luxury goods, surpassing the U.S., Europe, and Japan.

Louis Vuitton’s biggest customers are already Chinese buyers. The French firm operates 32 boutiques in mainland China. Greater China represents 28% of sales for Swatch, 22% for Richemont (owners of the Cartier and Montblanc labels), 18% for Gucci, 14% for Bulgari and 11% for Hermes.

The CLSA report says that "success, wealth and fame/social standing are highly regarded in Chinese culture and displaying this through watches, jewelry, apparel, cars and wine garner respect."

That's news? In some respects at least, it seems that the Chinese are no different than the rest of us.

Read more from the CLSA here.
See photos of Gong-Li and Lang Lang at the opening of Vuitton's Shanghai boutique here.

 

Tuesday, February 22, 2011

The Enlightened Traveler: This is London

The first in a series of reports over the next few weeks
on what's new and noteworthy in London.

Just when you thought that you had to drop everything and head straight for Dubai, Shanghai, or Berlin – or risk compromising your "I've been everywhere cool and you haven't" status – along comes no-nonsense London with a few surprises of its own.

Not to be outdone by upstarts, the British capitol is on the ascendant. Or should we say, London continues to rise, perennially reinventing itself in ways that underscore its rank as one of the planet's favored destinations.

The hottest table in town for some time to come is Dinner by Heston Blumenthal. Opened a fortnight ago, it is the latest conceit from the brilliant, experimental chef who brought modern British cooking to the forefront at his three-Michelin-starred restaurant, The Fat Duck.

Dinner by Heston Blumenthal's dining room

This time around Blumenthal has dipped into Britain's culinary past for inspiration. He reportedly spent 18 months researching recipes that go as far back as the 1300s. Of course, he doesn't just recreate them for modern diners. What fun would that be? He has reworked them into a menu of "perplexing unfamiliarity," one that is a "startlingly original read," according to one newspaper critic.

Meat Fruit

Meat fruit

Hmmm?

His signature Meat Fruit (c. 1500) consists of chicken livers whipped into a mousse, formed into the shape of an orange, and covered with mandarin jelly. There's also the quaintly named Rice and Flesh (c.1390) which rests braised calf tail on a bed of saffron rice, and Ragoo of Pigs Ears (c.1750) with anchovies, onions and parsley.

And those are just the starters!

The main courses sound tame by comparison. Sirloin of Black Angus (c.1830) comes with mushroom ketchup, red wine juice and triple cooked chips. There's also a Spiced Pigeon (c.1780) with ale and artichokes, Cod in Cider (c. 1940), and Beef Royal (c.1720). This last is a short rib of angus cooked for 72 hours sous vide, the vacuum sealed water submersion method Blumenthal pioneered. (Intensifies the flavors but diminishes the texture, according to those who know a thing or two about food.)

At least some of London's food critics have worked themselves into an unabashed frenzy of adulation.

"If there has been a more flawless and exhilarating restaurant opening in the past decade, I missed it," gushed Matthew Norman in The Telegraph.

Others are offering a more restrained view. The Daily Mail labeled Blumenthal’s "interpretation" of traditional British food "a brilliant and original concept," then opined, "Yet eating at his new restaurant remains an interesting experience, rather than a delicious one."

Time Out's Guy Dimond was only moderately impressed. The restaurant is just "another smart, five-star-hotel restaurant, not the culinary equivalent of the Second Coming." Apparently he didn't ask the patrons who have to wait until June to get in or the guy who already has auctioned off his booking on eBay.

You'll find Dinner by Heston Blumenthal at the Mandarin Oriental Hotel in Knightsbridge. The airy dining room overlooks Hyde Park. Service is professional and friendly, not stuffy.

Finally, it's not cheap. Although by London standards it's not exactly exorbitant either. Check how your stocks are doing to see where you stand on the issue. Or go for the set lunch at a reasonable £28 – if you can get a reservation.

Want to know more? Here are a few recent reviews and articles from British publications: The Telegraph, The Independent, The Daily Mail.

Dinner by Heston Blumenthal is at 66 Knightsbridge, London SW1X 7LA, tel. +44 (0)20 7201 3833, www.dinnerbyheston.com.

Click here to read our other articles on London.

 

Saturday, February 19, 2011

Watch This Space!



Where have
we been?


Dear Faithful Reader,

You have noticed no doubt that we haven't posted much over the last few months. That is because we have been busy – very, very busy all Fall, in fact – finding remarkable gifts for our beloved customers.

The good news is that we've got lots of nifty new luxury products to tell you about. In addition, we're planning stories on a variety of compelling topics – hot new restaurants and shops in Paris, luxury trends in China, the array of unique, world-class museums planned for Abu Dhabi, Heston Blumenthal's celebrated new London eatery, and the $625 2,438-page book on the science and technology of cooking that is the talk of the culinary world.

Watch this space over the next few weeks for all this and a good deal more. Please come back frequently for our latest reportage.

We think that you will be delighted.