Inside Bill and Melinda Gates’ Property Portfolio

Their US-based homes alone have a combined annual tax bill of up to about $6 million.

By Mark David 11/05/2021

After 27 years of marriage, amassing a planetary fortune and founding a namesake philanthropic enterprise with an endowment of nearly $63 billion, Bill and Melinda Gates announced this week that they’ve decided to split up in the most modern of ways, via Twitter. The split appears to be amicable, and the erstwhile couple says they will continue their roles as co-chairs and trustees of the Bill & Melinda Gates Foundation. They will, however, need to divvy up their Brobdingnagian pile of assets, a no doubt Byzantine enterprise that has people around the world wondering who will get what.

It’s often said that the Microsoft founder doesn’t like to spend his money frivolously. Frivolous, however, is in the eye of the beholder and often depends on the size of one’s bank account. And, for Gates, currently ranked by the bean counters at Forbes as the fourth richest person on earth with a net worth of around US$130 billion, not spending frivolously means maintaining a fleet of Porsches and other high-performance sports cars, travelling by private jet—reportedly a Bombardier BD-700 Global Express that costs upwards of US$40 million—and, though it’s worth but a tiny fraction of his overall wealth, presiding over a property portfolio easily valued in excess of a quarter-billion bucks.

It’s not clear exactly how many homes the Gates actually own, and some of their estates comprise numerous parcels and several houses. There are, though, at least eight houses and compounds spread across the United States that, according to tax records, have a combined annual tax bill that tallies up to about $4 million. That might be enough to give an ordinary millionaire a million sleepless nights, but for Gates, the yearly tax bills are nothing more than pecuniary child’s play, less, in fact, than he earns in a single day.

Based on how much wealth he added to his bottom line over the past year, according to Business Insider, he earned about $5900 per second. That means at a spending rate of $1.3 million per day it would take him about 400 years to spend his fortune. Business Insider went on to determine that he’s 66% richer than the entirety of the British monarchy, has more money than the richest person in Asia and the richest person in China, combined, and could give every person in the world $15 and still have $28 billion to spare.

Bill and Melinda Properties

The Gates’ primary property in Medina, Washington. Photo Courtesy: Wikimedia Commons

MEDINA, WASHINGTON.

The Gates’ primary residence has long been a custom-built mansion that overlooks Lake Washington in Medina, Washington. The Pacific Lodge-inspired contemporary extravaganza, designed in conjunction between Bohlin Cywinski Jackson and Cutler Anderson Architects, and often referred to in the press as Xanadu 2.0, after the estate of the lead character in “Citizen Kane,” measures in at about 66,000 square feet.

Some of the notable creature comforts include seven bedrooms, two dozen bathrooms, six kitchens, including one that services a 2,200-square-foot ballroom/meeting space, garaging for a couple dozen cars and a 20-seat Art Deco-style theater. There’s also a 60-foot swimming pool with an underwater sound system, 2,500 square feet of health and wellness facilities complete with gym, sauna and steam room, a trampoline room with 20-foot ceiling, and a 2,100-square-foot library with a bookcase that swings open to reveal a hidden bar. Outside, there’s a sport court, a salmon and trout-stocked stream, a boat dock and a private lakefront beach with sand imported by barge from the Caribbean island of St. Lucia.

And, of course, the tech gadgetry is next level. Occupants and guests each wear a pin with pre-set preferences for lighting, temperature and audio-visual systems. The pins communicate with sensors throughout the house, and as one moves from room to room not only with one’s music selection of choice follow but the lights and climate systems will alter themselves automatically to correlate with preset preferences.

And, because all that just isn’t enough, in addition to the main residence, which tax records show has a value of approx. $165 million and a yearly tax bill of more than $2.9 million, the Gates own at least a dozen surrounding properties that altogether span more than ten acres with at least six additional luxury homes.

Bill and Melinda Properties

The couple’s Indiana Wells home in California. Photo Courtesy: Google

INDIAN WELLS, CALIFORNIA

The Gates dropped approx. $16 million in 1999 for a deluxe desert mansion that sits alongside the manicured greens of the exclusive Vintage Club in Indian Wells, California, a private and exceedingly-posh golf and resort enclave about 30-odd kilometres southeast of Palm Springs.

Not many details about the property are publicly available, but tax records and other digital resources indicate the 1.33-acre estate includes a main residence of nearly 14,000 square feet built in 1993 with six bedrooms and 7.5 bathrooms plus a huge swimming pool shaped like a guitar and vast sweep of manicured lawn.

The Vintage Club’s other homeowners include a bevy of billionaires, Charles Koch, Bill Gross, Dennis Washington and Ingrid Flick among them.

Bill and Melinda Properties

One of the Gates’ Rancho Sante Fe properties. Photo Courtesy: Realtor.com

RANCHO SANTA FE, CALIFORNIA.

In 2014, after it had been on the market for a few years at declining prices that started at a wildly optimistic $38.2 million and dropped to about $31.9 million, the Gates swooped into ritzy Rancho Santa Fe, Calif, a Beverly Hills-style suburb about 30 kilometres north of San Diego, and scooped up diet guru Jenny Craig’s 228-acre horse farm in an off-market deal for a discounted price of $23 million.

Then known as Rancho Paseana, and now known as Evergate Stables, the thoroughbred training and competitive hunting-jumping facility has been upgraded over the last handful of years. However, at the time of its 2014 sale, the farm includes four 30-stall barns, plus a fifth that will hold another 21 horses, an office and veterinarian suite, a guesthouse, a couple of 30-acre pastures and a 1200-metre racetrack.

Bill and Melinda Properties

The couples Rancho Paseana property. Photo Courtesy: Google

RANCHO SANTA FE, CALIFORNIA.

At the time the Gates bought Rancho Paseana in 2014, they already owned — and still own — a four-plus-acre estate at the tony Del Mar Country Club. Perched on a low ridge at the end of a palm tree-lined drive with panoramic views over Rancho Paseana, which is now called Evergate Stables, the nearly 11,000-square-foot Mediterranean villa was acquired, per tax records, in 1999 for $6.5 million.

Bill and Melinda Gates Properties

The Gates’s oceanfront compound in Del Mar, California. Photo Courtesy: Realtor.com

DEL MAR, CALIFORNIA.

After two decades bunking periodically in Rancho Santa Fe, the Gates decided last year they’d like a place to hunker down at the ocean and, just as the Covid-19 lockdowns began to sweep across the nation, sealed the deal on the much-publicised  approx. $54.8 million purchase of an oceanfront compound along one of the most exclusive streets in the affluent seaside community of Del Mar, about six miles west of their holdings in Rancho Santa Fe.

Designed by renowned local architect Ken Ronchetti, the single-level home presides over about 120-feet of beach frontage and measures in at a comfortably large but well short of humongous 5,800 square feet with six bedrooms and 3.5 bathrooms, plus a pair of guesthouses. Marketing materials from the time of the sale indicate the unconventionally bifurcated estate —the main house sits on one side of the street and a secondary structure is on the other — offers a plethora of leisure and recreation options including a home theatre, a glass-tiled swimming pool, a 10-person hot tub, a health and fitness suite and, of course, a huge terrace with unparalleled views up and down the sugary sand.

Bill and Melinda Properties

A private Cody, Wyoming mansion owned by the duo. Photo Courtesy: Google

CODY, WYOMING

Back in 2009 it was widely reported Gates shelled out somewhere in the neighbourhood of $11.5 million for a sublimely beautiful ranch of almost 500 acres nestled into the foothills of Carter Mountain about 30km outside of Cody, Wyoming.

At the time of the transaction, marketing materials for the property indicated the fairly remote ranch is approached down an 11km drive with a 15,000-square-foot main residence known as Irma Lake Lodge. Additionally, there’s a five-bedroom guesthouse, a caretaker’s house, and a three-room cottage built by American Old West legend Buffalo Bill Cody who settled the land sometime around the turn of the 20th century. It was Cody, in fact, who gave the four small and pristine lakes that dot the ranch their names: Irma, Lilly, Arta and Natalie.

Bill and Melinda Properties

The massive Rocky Mountain getaway, Yellowstone Club. Photo Courtesy: Google

YELLOWSTONE CLUB, MONTANA,

The Gates family maintains a substantial Rocky Mountain getaway in the ultra-prestigious Yellowstone Club, a 13,600-acre members-only ski and golf resort community just west of Big Sky, Montana, where some of the other high net worth members are reported to include Justin Timberlake and Jessica Biel, TV producer Burt Sugarman and entertainment news journalist Mary Hart, Frank McCourt, former owner of the L.A Dodgers, Peter Chernin, former president of News Corp., and billionaire hotelier Barry Sternlicht.

It’s not clear how much the Gates paid for the multi-acre estate property that sits on a wooded ridge with magical wrap-around mountain views, but becoming a member of the club is not for mere financial mortals. Membership reportedly requires a roughly $450,000 initiation fee, the purchase of a home, which typically start at more than $7.5 million, and close to $51,000 in annual fees.

Though there’s a tradition of members not talking about each other, an unnamed member recalls in a 2009 New York Times article that one of the attractions to Yellowstone Club for the Gates is the high level of privacy and security that allows the family to take to the slopes without bodyguards.

Bill and Melinda Properties

The multiacre spread in Wellington, Florida owned by the Gates. Photo Courtesy: Realtor.com

WELLINGTON, FLORIDA.

The Gates have had a foot in the South Florida real estate trenches since at least 2009 when they paid approx. $7.2 million for a waterfront estate in low-key Hobe Sound. That property was sold in 2018 — at a million-dollar loss — but some years ago, no doubt because their daughter Jennifer is an award-winning equestrian, the Gates shifted their property focus to the affluent equestrian-oriented village of Wellington, about 28km west of Palm Beach at the swampy edge of The Everglades.

The Gates didn’t just buy a small training facility, however. Between 2013 and 2019, they ponied up close to $59 million for no fewer than five properties that comprise more than 25 contiguous acres within the exclusive and guard-gated Mallet Hill enclave. Their most recent acquisition in the horsey community came in 2019 when they splashed out approx. $26 million in an off-market deal for a 7.7-acre spread with a recently built mansion. 

This article was originally published on Dirt.

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5 Lounge Chairs That Add Chic Seating to Your Space

Daybeds, the most relaxed of seating solutions, offer a surprising amount of utility. 

By Marni Elyse Katz 22/07/2024

Chaise longue, daybed, recamier, duchesse brisée—elongated furniture designed for relaxing has a roster of fancy names. While the French royal court of Louis XIV brought such pieces to prominence in fashionable European homes, the general idea has been around far longer: The Egyptian pharaohs were big fans, while daybeds from China’s Ming dynasty spurred all those Hollywood Regency fretwork pieces that still populate Palm Beach living rooms. Even Mies van der Rohe, one of design’s modernist icons, got into the lounge game with his Barcelona couch, a study of line and form that holds up today.

But don’t get caught up in who invented them, or what to call them. Instead, consider their versatility: Backless models are ideal in front of large expanses of glass (imagine lazing on one with an ocean view) or at the foot of a bed, while more structured pieces can transform any corner into a cozy reading nook. Daybeds may be inextricably linked to relaxation, but from a design perspective, they put in serious work.

Photo: Courtesy of Egg Collective

Emmy, Egg Collective 

In designing the Emmy chaise, the Egg Collective trio of Stephanie Beamer, Crystal Ellis and Hillary Petrie, who met as students at Washington University in St. Louis, aimed for versatility. Indeed, the tailored chaise looks equally at home in a glass skyscraper as it does in a turn-of-the-century town house. Combining the elegance of a smooth, solid oak or walnut frame with the comfort of bolsters and cushioned upholstery or leather, it works just as well against a wall or at the heart of a room. From around $7,015; Eggcollective.com

Plum, Michael Robbins 

Woodworker Michael Robbins is the quintessential artisan from New York State’s Hudson Valley in that both his materials and methods pay homage to the area. In fact, he describes his style as “honest, playful, elegant and reflective of the aesthetic of the Hudson Valley surroundings”. Robbins crafts his furniture by hand but allows the wood he uses to help guide the look of a piece. (The studio offers eight standard finishes.) The Plum daybed, brought to life at Robbins’s workshop, exhibits his signature modern rusticity injected with a hint of whimsy thanks to the simplicity of its geometric forms. Around $4,275; MichaelRobbins.com 

Photo: Courtesy of Reda Amalou Design

Kimani, Reda Amalou Design 

French architect and designer Reda Amalou acknowledges the challenge of creating standout seating given the number of iconic 20th-century examples already in existence. Still, he persists—and prevails. The Kimani, a bent slash of a daybed in a limited edition of eight pieces, makes a forceful statement. Its leather cushion features a rolled headrest and rhythmic channel stitching reminiscent of that found on the seats of ’70s cars; visually, these elements anchor the slender silhouette atop a patinated bronze base with a sure-handed single line. The result: a seamless contour for the body. Around $33,530; RedaAmalou

Dune, Workshop/APD 

From a firm known for crafting subtle but luxurious architecture and interiors, Workshop/APD’s debut furniture collection is on point. Among its offerings is the leather-wrapped Dune daybed. With classical and Art Deco influences, its cylindrical bolsters are a tactile celebration, and the peek of the curved satin-brass base makes for a sensual surprise. Associate principal Andrew Kline notes that the daybed adeptly bridges two seating areas in a roomy living space or can sit, bench-style, at the foot of a bed. From $13,040; Workshop/ APD

Sherazade, Edra 

Designed by Francesco Binfaré, this sculptural, minimalist daybed—inspired by the rugs used by Eastern civilizations—allows for complete relaxation. Strength combined with comfort is the name of the game here. The Sherazade’s structure is made from light but sturdy honeycomb wood, while next-gen Gellyfoam and synthetic wadding aid repose. True to Edra’s amorphous design codes, it can switch configurations depending on the user’s mood or needs; for example, the accompanying extra pillows—one rectangular and one cylinder shaped— interchange to become armrests or backrests. From $32,900; Edra

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Watches & Wonders 2024 Showcase: Hermès

We head to Geneva for the Watches & Wonders exhibition; a week-long horological blockbuster featuring the hottest new drops, and no shortage of hype.

By Josh Bozin 24/07/2024

With Watches & Wonders 2024 well and truly behind us, we review some of the novelties Hermès presented at this year’s event.

HERMÈS

Hermes Cut

Moving away from the block colours and sporty aesthetic that has defined Hermès watches in recent years, the biggest news from the French luxury goods company at Watches & Wonders came with the unveiling of its newest collection, the Hermès Cut.

It flaunts a round bezel, but the case middle is nearer to a tonneau shape—a relatively simple design that, despite attracting flak from some watch aficionados, works. While marketed as a “women’s watch”, the Cut has universal appeal thanks to its elegant package and proportions. It moves away from the Maison’s penchant for a style-first product; it’s a watch that tells the time, not a fashion accessory with the ability to tell the time.

Hermès gets the proportions just right thanks to a satin-brushed and polished 36 mm case, PVD-treated Arabic numerals, and clean-cut edges that further accentuate its character. One of the key design elements is the positioning of the crown, boldly sitting at half-past one and embellished with a lacquered or engraved “H”, clearly stamping its originality. The watch is powered by a Hermès Manufacture movement H1912, revealed through its sapphire crystal caseback. In addition to its seamlessly integrated and easy-wearing metal bracelet, the Cut also comes with the option for a range of coloured rubber straps. Together with its clever interchangeable system, it’s a cinch to swap out its look.

It will be interesting to see how the Hermès Cut fares in coming months, particularly as it tries to establish its own identity separate from the more aggressive, but widely popular, Ho8 collection. Either way, the company is now a serious part of the dialogue around the concept of time.

hermes.com

Read more about this year’s Watches & Wonders exhibition at robbreport.com.au

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Living La Vida Lagerfeld

The world remembers him for fashion. But as a new tome reveals, the iconoclastic designer is defined as much by extravagant, often fantastical, homes as he is clothes.

By Zarah Crawford 22/07/2024

“Lives, like novels, are made up of chapters”, the world-renowned bibliophile, Karl Lagerfeld, once observed. 

Were a psychological-style novel ever to be written about Karl Lagerfeld’s life, it would no doubt give less narrative weight to the story of his reinvigoration of staid fashion houses like Chloe, Fendi and Chanel than to the underpinning leitmotif of the designer’s constant reinvention of himself. 

In a lifetime spanning two centuries, Lagerfeld made and dropped an ever-changing parade of close friends, muses, collaborators and ambiguous lovers, as easily as he changed his clothes, his furniture… even his body. Each chapter of this book would be set against the backdrop of one of his series of apartments, houses and villas, whose often wildly divergent but always ultra-luxurious décor reflected the ever-evolving personas of this compulsively public but ultimately enigmatic man.

With the publication of Karl Lagerfeld: A Life in Houses these wildly disparate but always exquisite interiors are presented for the first time together as a chronological body of work. The book indeed serves as a kind of visual novel, documenting the domestic dreamscapes in which the iconic designer played out his many lives, while also making a strong case that Lagerfeld’s impact on contemporary interior design is just as important, if not more so, than his influence on fashion.

In the studio at the back of the Librarie 7L, Paris, in 2008 — a bookshop established by Lagerfeld himself.

In fact, when the first Lagerfeld interior was featured in a 1968 spread for L’OEil magazine, the editorial describes him merely as a “stylist”. The photographs of the apartment in an 18th-century mansion on rue de Université, show walls lined with plum-coloured rice paper, or lacquered deepest chocolate brown in sharp contrast to crisp, white low ceilings that accentuated the horizontality that was fashionable among the extremely fashionable at the time. Yet amid this setting of aggressively au courant modernism, the anachronistic pops of Art Nouveau and Art Deco objects foreshadow the young Karl’s innate gift for creating strikingly original environments whose harmony is achieved through the deft interplay of contrasting styles and contexts.

Lagerfeld learned early on that presenting himself in a succession of gem-like domestic settings was good for crafting his image. But Lagerfeld’s houses not only provided him with publicity, they also gave him an excuse to indulge in his greatest passion. Shopping!

By 1973, Lagerfeld was living in a new apartment at Place Saint–Sulpice where his acquisition of important Art Deco treasures continued unabated. Now a bearded and muscular disco dandy, he could most often be found in the louche company of the models, starlets and assorted hedonistic beauties that gathered around the flamboyant fashion illustrator Antonio Lopez. Lagerfeld was also in the throes of a hopeless love affair with Jacques de Bascher whose favours he reluctantly shared with his nemesis Yves Saint Laurent.

Hôtel Pozzo di Borgi, from 1977.

He painted the rooms milky white and lined them with specially commissioned carpets—the tawny patterned striations of which invoked musky wild animal pelts. These lent a stark relief to the sleek, machine-age chrome lines of his Deco furnishings. To contemporary eyes it remains a strikingly original arrangement that subtly conveys the tensions at play in Lagerfeld’s own life: the cocaine fuelled orgies of his lover and friends, hosted in the pristine home of a man who claimed that “a bed is for one person”.

In 1975, a painful falling out with his beloved Jacques, who was descending into the abyss of addiction, saw almost his entire collection of peerless Art Deco furniture, paintings and objects put under the auctioneer’s hammer. This was the first of many auction sales, as he habitually shed the contents of his houses along with whatever incarnation of himself had lived there. Lagerfeld was dispassionate about parting with these precious goods. “It’s collecting that’s fun, not owning,” he said. And the reality for a collector on such a Renaissance scale, is that to continue buying, Lagerfeld had to sell. 

Of all his residences, it was the 1977 purchase of Hôtel Pozzo di Borgo, a grand and beautifully preserved 18th-century house, that would finally allow him to fulfill his childhood fantasies of life in the court of Madame de Pompadour. And it was in this aura of Rococó splendour that the fashion designer began to affect, along with his tailored three-piece suits, a courtier’s ponytailed and powdered coif and a coquettish antique fan: marking the beginning of his transformation into a living, breathing global brand that even those with little interest in fashion would immediately recognise.

Place Saint-Sulpice apartment from 1972. At his work station with on the table, his favourite Lalique crystal glass, complete with Coca-Cola.

Lagerfeld’s increasing fame and financial success allowed him to indulge in an unprecedented spending frenzy, competing with deep-pocketed institutions like the Louvre to acquire the finest, most pedigreed pearls of the era—voluptuously carved and gilded bergères; ormolu chests; and fleshy, pastel-tinged Fragonard idylls—to adorn his urban palace. His one-time friend André Leon Talley described him in a contemporary article as suffering from “Versailles complex”. 

However, in mid-1981, and in response to the election of left-wing president, François Mitterrand,  Lagerfeld, with the assistance of his close friend Princess Caroline, became a resident of the tax haven of Monaco. He purchased two apartments on the 21st floor of Le Roccabella, a luxury residential block designed by Gio Ponti. One, in which he kept Jacques de Bascher, with whom he was now reconciled, was decorated in the strict, monochromatic Viennese Secessionist style that had long underpinned his aesthetic vocabulary; the other space, though, was something else entirely, cementing his notoriety as an iconoclastic tastemaker.

Monaco apartment, purchased in 1981: Lagerfeld sits at a tale by George Snowden, with Riviera chairs by Michele de Lucchi. On the table, a cup and sugar bowl by Matteo Thun, flanked by sculptural Treetops lamps by Ettore Sottsass.

Lagerfeld had recently discovered the radically quirky designs of the Memphis Group led by Ettore Sottsass, and bought the collective’s entire first collection and had it shipped to Monaco. In a space with no right angles, these chaotically colourful, geometrically askew pieces—centred on Masanori Umeda’s famous boxing ring—gave visitors the disorientating sensation of having entered a corporeal comic strip. By 1991, the novelty of this jarring postmodern playhouse had inevitably worn thin and once again he sent it all to auction, later telling a journalist that “after a few years it was like living in an old Courrèges. Ha!”

Reverse view of the Monaco living room, featuring Masanori Umeda’s boxing ring and George Snowden’s armchair. Against the back wall the Carlton bookcase by Ettore Sottsass.

In 1989, de Bascher died of an AIDS-related illness, and while Lagerfeld’s career continued to flourish, emotionally the famously stoic designer was struggling. In 2000, a somewhat corpulent Lagerfeld officially ended his “let them eat cake” years at the Hôtel Pozzo di Borgo, selling its sumptuous antique fittings in a massive headline auction that stretched over three days. As always there were other houses, but now with his longtime companion dead, and his celebrity metastasising making him a target for the paparazzi, he began to look less for exhibition spaces and more for private sanctuaries where he could pursue his endless, often lonely, work.

His next significant house was Villa Jako, named for his lost companion and built in the 1920s in a nouveau riche area of Hamburg close to where he grew up. Lagerfeld shot the advertising campaign for Lagerfeld Jako there—a fragrance created in memorial to de Bascher. The house featured a collection of mainly Scandinavian antiques, marking the aesthetic cusp between Art Nouveau and Art Deco. One of its rooms Lagerfeld decorated based on his remembrances of his childhood nursery. Here, he locked himself away to work—tellingly—on a series of illustrations for the fairy tale, The Emperor’s New Clothes. Villa Jako was a house of deep nostalgia and mourning.

But there were more acts—and more houses—to come in Lagerfeld’s life yet. In November 2000, upon seeing the attenuated tailoring of Hedi Slimane, then head of menswear at Christian Dior, the 135 kg Lagerfeld embarked on a strict dietary regime. Over the next 13 months, he melted into a shadow of his former self. It is this incarnation of Lagerfeld—high white starched collars; Slimane’s skintight suits, and fingerless leather gloves revealing hands bedecked with heavy silver rings—that is immediately recognisable some five years after his death.

The 200-year-old apartment in Quái Voltaire, Paris, was purchased in 2006, and after years of slumber Lagerfeld—a newly awakened Hip Van Winkle—was ready to remake it into his last modernist masterpiece. He designed a unique daylight simulation system that meant the monochromatic space was completely without shadows—and without memory. The walls were frosted and smoked glass, the floors concrete and silicone; and any hint of texture was banned with only shiny, sleek pieces by Marc Newson, Martin Szekely and the Bouroullec Brothers permitted. Few guests were allowed into this monastic environment where Lagerfeld worked, drank endless cans of Diet Coke and communed with Choupette, his beloved Birman cat, and parts of his collection of 300,000 books—one of the largest private collections in the world.

Metal-base on a platform covered with chocolate brown carpet. Stratified leather headboard attributed to Eugène Printz.

Lagerfeld died in 2019, and the process of dispersing his worldly goods is still ongoing. The Quái Voltaire apartment was sold this year for US$10.8 million (around $16.3 million). Now only the rue de Saint-Peres property remains within the Lagerfeld trust. Purchased after Quái Voltaire to further accommodate more of his books—35,000 were displayed in his studio alone, always stacked horizontally so he could read the titles without straining his neck—and as a place for food preparation as he loathed his primary living space having any trace of cooking smells. Today, the rue de Saint-Peres residence is open to the public as an arts performance space and most fittingly, a library.

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Watch This Space: Mike Nouveau

Meet the game-changing horological influencers blazing a trail across social media—and doing things their own way.

By Josh Bozin 22/07/2024

In the thriving world of luxury watches, few people own a space that offers unfiltered digital amplification. And that’s precisely what makes the likes of Brynn Wallner, Teddy Baldassarre, Mike Nouveau and Justin Hast so compelling.

These thought-provoking digital crusaders are now paving the way for the story of watches to be told, and shown, in a new light. Speaking to thousands of followers on the daily—mainly via TikTok, Instagram and YouTube—these progressive commentators represent the new guard of watch pundits. And they’re swaying the opinions, and dollars, of the up-and-coming generations who now represent the target consumer of this booming sector.

MIKE NOUVEAU

@mikenouveau

Mike Nouveau

Can we please see what’s on the wrist? That’s the question that catapulted Mike Nouveau into watch stardom, thanks to his penchant for highlighting incredibly rare timepieces across his TikTok account of more than 400,000 followers. When viewing Nouveau’s attention-grabbing video clips—usually shot in a New York City neighbourhood—it’s not uncommon to find him wrist-rolling some of the world’s rarest timepieces, like the million-dollar Cartier Cheich (a clip he posted in May).

But how did someone without any previous watch experience come to amass such a cult following, and in the process gain access to some of the world’s most coveted timepieces? Nouveau admits had been a collector for many years, but moved didn’t move into horology full-time until 2020, when he swapped his DJing career for one as a vintage watch specialist.

“I probably researched for a year before I even bought my first watch,” says Nouveau, alluding to his Rolex GMT Master “Pepsi” ref. 1675 from 1967, a lionised timepiece in the vintage cosmos. “I would see deals arise that I knew were very good, but they weren’t necessarily watches that I wanted to buy myself. I eventually started buying and selling, flipping just for fun because I knew how to spot a good deal.”

Nouveau claims that before launching his TikTok account in the wake of Covid-19, no one in the watch community knew he existed. “There really wasn’t much watch content, if any, on TikTok before I started posting, especially talking about vintage watches. There’s still not that many voices for vintage watches, period,” says Nouveau. “It just so happens that my audience probably skews younger, and I’d say there are just as many young people interested in vintage watches as there are in modern watches.”

 

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A post shared by Mike Nouveau (@mikenouveau)

Nouveau recently posted a video to his TikTok account revealing that the average price of a watch purchased by Gen Z is now almost US$11,000 (around $16,500), with 41 percent of them coming into possession of a luxury watch in the past 12 months.

“Do as much independent research as you can [when buying],” he advises. “The more you do, the more informed you are and the less likely you are to make a mistake. And don’t bring modern watch expectations to the vintage world because it’s very different. People say, ‘buy the dealer’, but I don’t do that. I trust myself and myself only.”

Read more about the influencers shaking up horology here with Justin Hast, Brynn Wallner and Teddy Baldassare.

 

 

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This Pristine 1960 Ferrari 250 Spider Could Fetch $24 Million at Auction

The car wears the same colours and has the same engine it left the factory with.

By Bryan Hod 22/07/2024

Some Ferraris are just a little bit more important than others.

Take, for example, the 1960 250 GT SWB California that RM Sotheby’s is auctioning off during this year’s Monterey Car Week. Any example of the open-top beauty would attract interest, but this one just so happens to be the first one that was built.

The 250 is one of the most legendary series of cars in Ferrari history. Between 1952 and 1964, the company released 21 different 250 models—seven for racetracks, 14 for public roads—of which the “Cali Spider” might be the most well regarded, thanks to its potent V-12 and a Pininfarina-penned design that is one of the most beautiful bodies to grace an automobile. The roadster, which was specifically built for the U.S., made its debut in 1957 as a long-wheel-base model (LWB), but it wasn’t until the SWB model debut in 1960 that it became clear how special it was. This example isn’t just the first to roll off the line. It’s the actual car that was used to introduce the world to the model at the 1960 Geneva Motor Show.

1960 Ferrari 250 GT SWB California Spider by Scaglietti Remi Dargegen/RM Sotheby’s

Just 56 examples of the 250 GT SWB California Spider would be built by Scaglietti during the three years it was in production. The first of those, chassis 1795 GT, is finished in a glossy coat of Grigio. The two-door had a red leather interior at Geneva but was returned to the factory and re-outfitted with black leather upholstery before being delivered to its original owner, British race car driver John Gordon Bennet. Six-and-a-half decades later the car looks identical to how it did when it left the factory the second time.

In addition to its original bodywork, the chassis 1795 GT features its original engine, gearbox, and rear axle. That mill is the competition-spec Tipo 168, a 3.0-litre V-12 that makes 196.1 kW. That may not sound like much by today’s standards, but, when you consider that the 250 GT SWB California Spider tips the scales around 952 kilograms, it’s more than enough.

Remi Dargegen/RM Sotheby’s

The first 250 GT SWB California Spider is scheduled to go up for bid during RM Sotheby’s annual Monterey Car Week auction, which runs from Thursday, August 15, to Saturday, August 17. Unsurprisingly, the house has quite high hopes for the car. The car carries an estimate of between $24 million and $26 million, which could make it one of the most expensive cars ever sold at auction.

Remi Dargegen/RM Sotheby’s

Monterey Car Week

 

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