Lamborghini’s CEO On The Marque’s First EV And NFT

Stephan Winkelmann shares how the high-performance automaker is embracing the future without forgetting its past.

By Marco Della Cava 02/02/2022

Lamborghini’s supercars have long pushed technological envelopes, from the application of carbon fibre in the early 1980s to the radical Countach to the computer-controlled aerodynamics of today’s Aventador. Now, the company is launching into a high-tech arena of a decidedly different sort: NFTs, or non-fungible tokens.

In the most simplistic terms, NFTs are unique digital creations—ranging from music to artwork—meant to guarantee exclusivity in our copy-and-paste world. Today, Sotheby’s is auctioning off five Lamborghini Space Keys, small pieces of carbon fibre that spent months aboard the International Space Station in 2019. Each of these keys, etched with a QR code, will open commissioned artwork by Swiss photographer Fabian Oefner, whose past works have used detailed models of classic cars to create wildly intricate and innovative artistic representations of these iconic machines. The auction starts at 10 a.m. ET and ends on February 4.

Lamborghini CEO Stephan Winkelmann tells Robb Report more about this new NFT venture and drops hints about the company’s coming game plan for electrification.

Stephan Winkelmann, CEO of Automobili Lamborghini.

Stephan Winkelmann, CEO of Automobili Lamborghini. Photo by Tom Ziora, courtesy of Automobili Lamborghini S.p.A.

Robb Report: Why has Lamborghini entered the world of NFTs?

Stephan Winkelmann: We have had agencies approaching us saying we are innovative, we are always looking at new technologies, we are young-minded, maybe we will be interested in this. And when we look at the customer side of our company, we see the same attitude about us. We have much younger customers than, let’s say, customers of similar brands. Now, at the end of the day, the auto industry is very conservative, so this was a journey we developed with the board. I’m feeling very positive. It’s a new way of looking at things. Of course, we have to be careful that it doesn’t dilute our values. We are, after all, very much about the physical world.

RR: NFTs have come under fire as being highly speculative investments that have been occasionally associated with art scams. Does any of this, along with the potentially faddish nature of NFTs, concern you?

SW: We discussed what the risks were. But if you don’t test things, you never know. We felt good about controlling our approach this way, and Sotheby’s has its own strong trademark, so we hope it doesn’t turn on us.

Lamborghini's first NFT of commissioned art is a piece by Swiss photographer Fabian Oefner.

Lamborghini’s first NFT of commissioned art is a piece by Swiss photographer Fabian Oefner. Photo: Courtesy of Automobili Lamborghini S.p.A.

RR: How did you select the artist to collaborate with?

SW: It was simple, you find an artist who is going in your direction.

RR: Who do you think will be customers for the Lamborghini NFTs?

SW: I have no idea. But there will be a lot of customers interested, because we see the feedback on social media. So at least there should be huge attention for this offering, even if does not always result in a bid.

RR: The five carbon-fibre keys spent time in space. Why send Lamborghini materials aboard the space station?

Space is always seen as the future, something outside of normal life on earth. So the idea of combining the technology of the auto industry with outer space, that was a good match for us. We made the right choice with the carbon fibre, even if, at that time, we weren’t thinking about NFTs.

One of five Lamborghini Space Keys that comprise small pieces of carbon fiber that spent months in space and that contain a QR code to open commissioned artwork.

The five Lamborghini Space Keys comprise small pieces of carbon fibre that spent months in space and that contain a QR code to open Oefner’s artwork. Photo: Courtesy of Automobili Lamborghini S.p.A.

RR: What are the company’s plans for moving into alternative power as the era of the internal combustion engine begins to fade?

SW: We have been preparing for this next step for a long time. By investing in the Urus [Lamborghini’s SUV], we were aiming to stabilise things for our super sports cars. It was necessary for us to generate enough earnings to be reinvested in the company. Electrification is coming, first with a hybrid 12-cylinder Aventador, and then, in 2024, the Urus and Huracán will be plug-in hybrids.

By 2025, our entire lineup will be hybridised, and we will be cutting CO2 emissions by 50 percent. Our third step, full electrification, will be in 2028 with a complete new model. All of these changes will combine sustainability and higher performance.

Stephan Winkelmann, CEO of Automobili Lamborghini.

With Stephan Winkelmann at the helm, Automobili Lamborghini recorded its best sales year to date in 2021. Photo: Courtesy of Automobili Lamborghini S.p.A.

RR: Will you hint at what we can expect from Lamborghini’s first all-electric vehicle?

SW: Well, I can only say that we won’t start with a super sports car. The new [EV] car will have daily versatility, like the Urus.

RR: How do automakers continue to create emotion and model differentiation when the unique characteristics of an internal combustion engine are removed from the picture?

SW: Hybridisation is like a booster, it helps performance. And we have five or six years of this still. We are driving a lot of EVs to get into the mindset of the different manufacturers. We agreed at Lamborghini that the major difference is the driving behaviour, even if you have the same performance capabilities. It’s clear that there is a lot to do, the acceleration and the torque is tremendous, so you have to fine tune that.

The Lamborghini Countach LPI 800-4 supercar.

Lamborghini’s extremely limited-edition Countach LPI 800-4 is an 802 hp hybrid supercar. Photo: Courtesy of Automobili Lamborghini S.p.A.

We have some time to get more and more people into this [EV] way of thinking. But a young generation is coming up who is saying, “I don’t sit at your table without you offering a sustainable car.” It’s a big challenge and opportunity for us. But there’s also no way out, the legislation is there. We don’t want to be the horses of tomorrow.

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How To Make the Ultimate Hangover Cure

Is this the ultimate cocktail to know by heart?

By Belinda Aucott-christie 29/05/2024

The Savoy in London, a beacon of luxury and opulence, holds a significant place in British history as the nation’s first luxury hotel. It was a haven where the affluent sought to experience a taste of royalty. Interestingly, it was within these grand walls that the alleged liquid remedy for hangovers, The Corpse Reviver, was born.

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Due to its medicinal qualities, this cocktail has passed into drinking folklore, making its recipe a right of passage for any lush.

The Corpse Reviver is aptly named for its life-affirming qualities and claimed ability to knock a hangover on the head.

It’s reassuring to know that the dreaded hangover was such a cause of social consternation in the late 1940s, that it demanded a creative response from Savoy’s hotel bar staff. We’ll drink to that.

Adding to the Corpse Reviver’s allure is the mystery surrounding its creation. Was it the ingenious work of Savoy bartender Johnny Johnson or the creative genius of Joe Gilmore? The exact timeline of its inception between 1948 and 1954 remains a tantalising enigma. 

It’s a zesty, slightly sour hangover cure with a cheeky touch of absinthe shining through. If your hangover is very bad, add a little more syrup to the mix.

To make, take a cocktail shaker and add equal parts dry gin, triple sec, lemon juice, and Lillet Blanc (3/4 of a shot each). 

Add a tiny dash of sugar syrup and absinthe, shake all ingredients with ice until very cold, strain and pour into a chilled coupe.

Garnish with a chic lemon twist and say cheerio to your hangover. 

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ThirdHome Arrives Down Under

The global home-swap club targeting Australia’s millionaires.

By Belinda Aucott 24/05/2024

Wayne Shealy made his name developing resorts from New England to the Caribbean, and shifting more than $3 billion in luxury real estate. In 2010 he started ThirdHome to let luxury homeowners leverage the empty parts of properties in their portfolio to enjoy better holidays. Billed as an exclusive community of ‘neighbours’, ThirdHome now facilitates swapping second and third homes for the super-wealthy.

Wade Shealy, CEO and Founder of ThirdHome, a luxury home-swapping membership program. THIRDHOME

While the glamorous international portfolio spans illustrious private residences, including castles, ranches and chalets, it has been extended to private islands, pieds-à-terre, safari camps, wineries, boutique hotels and yachts.

Turin Castle in Forfar, Scotland. THIRDHOME

Purpose-built for people who own at least two residences and have homes to spare valued at over $2 million, all applicants are vetted and assessed, before being allowed to join. With a global portfolio across 100 countries and 2500 destinations, Shealy is now focusing on Australia.

“We’re super excited for the next chapter of our Australian journey,” Shealy says, from his horse farm outside Nashville in Franklin, Tennessee. 

“We know there’s an extremely healthy appetite for Australians with second homes wanting to become members, who love to travel and want to enjoy exclusive access to the world’s more exceptional stays for a fraction of the price,” he says of his motivation for extending the network Down Under.  He notes that by cleverly utilising the downtime in their own homes, they can fund extravagant trips they may have never dreamt possible. Doing so in a gated community that values trust and respect.

Château De Vézins in Loire Valley, France. THIRDHOME

The spirit of sharing drives the sservice, with ThirdHome members acquiring points in the system each time they open their doors to others. This makes it a self-regulating community backed by solid technology and vigilant management that keeps applicants A-grade.

“Our members are house proud and guest proud,” he adds. “They want the guests to have a great experience.”

Learn more about membership and the rules of engagement here

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Art for Investment

A new private gallery in Sydney helps collectors enter the secondary market.

By Belinda Aucott-christie 24/05/2024

When Art Basel opens next month in Switzerland, it will do so with fresh power under its wings. In 2022 the global art market totalled $67.8 billion, showing 3 percent year-on-year growth*. This year, art topped Knight Frank’s Luxury Investment Index, with prices rising by 11 percent over 2023. According to most reports, art is now a positively appreciating asset class. By comparison, the values of rare whisky, classic cars, handbags, and furniture fell.

This raises the question of how to invest wisely in art and ensure the sound provenance of your investment. Jesse Jack De Deyne and Boris Cornelissen from A Secondary Eye are here to help art collectors. Conceived as a private gallery with rotating exhibitions, the space is designed to help serious investors confidently buy and sell.

“We offer access to some of the finest works entering the secondary market in Australia and operate with a stringent provenance framework in place,” says Jess Jack De Deyne from the company’s top-floor space overlooking leafy Queen Street in Sydney’s Woollahra.

De Deyne and Cornelissen opened in May with a presentation of rare works by Rover Thomas, the late East Kimberly artist who represented Australia at the 1990 Venice Biennale.

Rover Thomas, Desert Meeting Place, 1994 natural earth pigments on canvas.

De Deyne specialises in Indigenous Australian art and comes to Sydney with a background as a Director in an Aboriginal Arts Centre and working for a leading auction house. Cornelissen is a former contemporary art specialist from Sotheby’s in London and Hong Kong.

“We are most effective when a prospective client comes to us with a specific artwork in mind,” explains De Deyne. “They may have recently been to Canberra to visit the highly regarded exhibition of Emily Kame Kngwarreye at the National Gallery of Australia and there is a specific period of the artist that they are drawn to. Through our contacts, we may be able to help source available related works that would not necessarily appear at auction.” 

Though A Secondary Eye was founded in 2020 in Brisbane, De Denye says the larger pool of collectors drew them down to Sydney. The new gallery’s private aspect seems to be a key selling point for the duo, who prize discretion and private sales. 

Rover Thomas, Lake Argyle, 1994 natural earth pigments on canvas

“Whereas auctions are publicly advertised, a private dealer can offer a work discreetly to a handful of clients without over-exposing it. And we can also present works in a more considered way through curated, high-quality exhibitions that tell the story of each work.”

While some may be intimidated by entering the art market, these art dealers say exposure to the art world is key to unlocking its potential. “Take the time to attend art fairs, exhibitions and auction viewings. Don’t be afraid to ask questions and ask for advice. With time and experience, you will learn what you are drawn to and how the offered prices sit relative to other works in the market.”

In an art world overflowing with rules, customs, and jargon, De Deyne is quick to clarify the key difference between dealers and advisers for newbies. 

“An art dealer helps collectors buy and sell artworks and therefore has a commercial incentive in selling a work. The best art advisors work independently, often on a retainer, and don’t profit from the transaction, which means they can give their clients honest advice. 

De Deyne and Cornelissen are well-placed to help people get a foot in the market, no matter how experienced they are. Ultimately, they preach to the choir, appealing most to fine art collectors searching for a specific work. 

“We work in a niche area and ultimately attract people who share our interests. Art collectors, particularly on the secondary market, often follow the art, rather than the person selling it.”

Follow A Secondary Eye here for future exhibitions. 

*According to the 2023 Art Market 2023, authored by Dr. Clare McAndrew, Founder of Arts Economics and published by Art Basel in partnership with UBS

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Watch of the Week: Roger Dubuis Excalibur Spider Flyback Chronograph

Roger Dubuis unveils its innovative chronograph collection in Australia for the very first time.

By Josh Bozin 21/05/2024

When avant-garde Swiss watchmaker Roger Dubuis revealed its highly anticipated Chronograph Collection halfway through 2023, it was a testament to its haute horology department in creating such a technical marvel for everyday use. Long at the forefront of cutting-edge design and technological excellence, Roger Dubuis (pronounced Ro-ger Du-BWEE) is no stranger to such acclaim.

Now, fans down under will finally get a taste of the collection that made headlines, with the official Australian unveiling of its Chronograph Collection. Representing precision engineering, extraordinary craftsmanship, and audacious design, this collection, now in its fifth generation, continues to redefine the chronograph category.

Roger Dubuis Australia welcomes the Excalibur Spider Collection to the market, featuring the exquisite Excalibur Spider Flyback Chronograph, as well as the Excalibur Spider Revuelto Flyback Chronograph (a timepiece made in partnership with Lamborghini Squadra Corse). Each model speaks at lengths to the future of ‘Hyper Horology’—watchmaking, as Roger Dubuis puts it, that pushes the boundaries of traditional watchmaking.

Roger Dubuis

“Roger Dubuis proposes a unique blend of contemporary design and haute horlogerie and the Excalibur Spider Flyback Chronograph is the perfect illustration of this craft,” says Sadry Keiser, Chief Marketing Officer. “For its design, we took inspiration from the MonovortexTM Split-Seconds Chronograph, while we decided to power the timepiece with an iconic complication, the flyback chronograph, also marking its come back in the Maison’s collections.”

The Excalibur Spider Flyback Chronograph is bold and flashy—a chronograph made to be seen, especially at its 45mm size. But Roger Dubuis wouldn’t have it any other way. The supercar-inspired watch is certainly captivating in the flesh. Its multi-dimensional design reveals different layers of technical genius as you spend time with it: from its case crafted from lightweight carbon to its hyper-resistant ceramic bezel, black DLC titanium crown, open case back with sapphire crystal, and elegant rubber strap to tie the watch together, it’s a sporty yet incredibly refined timepiece.

The new RD780 chronograph calibre powers the chronograph, a movement fully integrated with two patents: one linked to the second hand of the chronograph and the other to the display of the minute counter. The chronograph also features a flyback function.

The complete set is now available at the Sydney Boutique for those wishing to see the Roger Dubuis Chronograph Collection firsthand.

Roger-Dubuis

 

Roger-Dubuis

Model: Roger Dubuis Excalibur Spider Flyback Chronograph
Diameter: 45mm
Material: C-SMC Carbon case
Water resistance: 100m

Movement: RD780 calibre
Complication: Chronograph, date
Functions: hours, minutes, and central seconds
Power reserve: 72 hours

Bracelet: Black rubber strap

Availability: upon request
Price: $150,000


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Thanks to NETGEAR, the First Quad-Band WiFi 7 Mesh System Has Arrived

Elite WiFi performance for your whole home.

By Robb Report 30/05/2024

There’s no denying that in today’s era of technological innovation, home living and entertainment have reached unprecedented heights. In fact, modern home technology is so advanced that we can now enjoy futuristic comforts at the touch of a button (or the flick of a switch).

But one caveat to overcome before enjoying such modern perks: you need ultra-fast Wi-Fi to feed internet-hungry devices, especially when our dependence on Wi-Fi will only grow. Enter, NETGEAR’s latest Wi-Fi technology, set to change the performance of your whole home.

NETGEAR

The NETGEAR Orbi 970 Series Quad-Band WiFi 7 Mesh System is the first of its kind in the category of Wi-Fi technology, unlocking the extraordinary power of WiFi 7 (with 2.4 x faster speeds than WiFi 6). The Orbi 970 Series elevates what most households love, like streaming movies in the highest possible quality, linking wireless speakers throughout your home to play concert-quality music in every room, and gaming like a pro without any lag or drop-outs. But the Orbi 970 Series will also drastically improve your workflow, from email and colleague chats to taking Zoom calls and more.

Leveraging over 25 years of NETGEAR engineering innovation and exclusive patented technology, the Orbi 970 Series will service all of today’s needs, as well as tomorrow’s—in a country like Australia, where internet standards lag behind the rest of the world, residential multi-gigabit speeds will become a godsend. With unparalleled performance based on cutting-edge, patented technology, the Orbi 970 Series will continue to grow with its users, especially as our homes get “smarter”; relying on technology, such as the Orbi 970 Series, will be paramount.

And design doesn’t have to be compromised, either. Wi-Fi might not necessarily be the sexiest topic out there (very few Wi-Fi routers exist that you could call “design-drive”), but the Orbi 970 Series changes that. Thanks to a new sophisticated design, the Orbi 970 Series is elegant enough to blend seamlessly with your home décor.

Netgear

Best of all, thanks to a one-year NETGEAR Armour included with your purchase, you’ll have peace of mind knowing your family and your home are protected with an automatic security shield across your connected devices.

The NETGEAR Orbi 970 series Quad Band WiFi 7 Mesh System retails for $4,299. To learn more, visit the website here.

 

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