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Luxury Real Estate
Ravishing Jazz Age Estate in La Cañada Hits the Auction Block
Thu Sep 22 2022
On October 13, bidding will open for one of the grander properties in the upscale hamlet of La Cañada Flintridge. Known as the Overell Estate, the luxurious residence was constructed in 1929, at a then-astronomical cost of $80,000, for prosperous furniture dealer Walter Overell and his society-maven wife, Beulah. A blend of Spanish Colonial Revival and Art Deco styles, it was designed in a collaborative effort by architects L.G. Scherer and J. Cyril Bennett. Based in Hollywood, Scherer’s other notable designs included a Spanish-style mansion in Little Holmby for Marlene Dietrich, and the Hancock Park Tudor owned in the 80s by Francis Ford Coppola, while Bennett’s projects included Pasadena’s Civic Auditorium and Raymond Theater. Sadly, the Overells’ time in their lavish hilltop home ended up being cut short: in 1947, the couple were on a sailing excursion off the coast of Newport Beach when their yacht was blown to bits in a dynamite explosion. Circumstantial evidence pointed to a murder plot perpetrated by the Overell’s teenage daughter, Beulah-Louise, and her 21-year-old boyfriend, of whom the couple strongly disapproved. After a seven-month-long nationally publicized trial, however, the young couple were acquitted. But with her inheritance drained by legal fees, Beulah-Louise was forced to liquidate her assets, and the family residence made its first trip to the auction block. The winning bid? A mere $56,000. In the late 90s, the property was purchased for $1.8 million by Pasadena mutual funds manager Lauro Guerra, who embarked on a five-year revamp guided by designer John Everage that doubled the home’s footprint. Added in the expansion were a massive bedroom suite, a pub, a gym, a sauna, a deluxe home cinema, and a one-bedroom guest apartment with private entrance. Other updates include a restaurant-grade kitchen, Savant home automation, Lutron lighting, and solar power systems. Even after all the updates, the 13,259-square-foot mansion still boasts a wealth of extravagant period details, including dramatic cast concrete exterior bas-reliefs, stained-magnesite and hardwood flooring, stepped-tray ceilings, hand-stenciled beams, fanciful murals, dazzling Deco and Spanish tile, and elaborate fireplace surrounds, stained glass, and wrought-ironwork. Gracing the rarefied 1.18-acre grounds are an aqueduct, several tiled fountains, a koi pond, an arrow-shaped pool and spa, mature trees, a lanai, and multiple terraced patios. The no-reserve auction is being conducted by Sotheby’s Concierge Auctions from October 13 through 18. Gina Olivares of Deasy Penner Podley is the listing agent.
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Luxury Real Estate
Kim Kardashian Pays $70 Million for Cindy Crawford’s Former Malibu Estate
Tue Sep 20 2022
Summer may be over, but Kim Kardashian is already laying the groundwork for a fancy seaside vacation next year — and many more summers to come, it would seem. Property records show everyone’s favorite reality TV star-turned-billionaire shapewear mogul and aspiring lawyer has paid $70.4 million for an oceanfront estate on the Encinal Bluffs, one of Malibu’s most coveted neighborhood pockets. The off-market deal closed last week. The deal is by far the priciest residential transfer in Malibu this year, and is also 2022’s fourth-priciest California home sale, behind only the $75 million Drake paid for his new home, a $120 million Holmby Hills deal and Bel Air’s infamous “The One” megamansion, which sold at auction for $126 million. Built in 1944 but extensively remodeled in the 1990s and again in 2016, the Mediterranean villa-style house was once the centerpiece of a 6-acre estate long owned by biotech entrepreneur Walter de Logi, who died in 2014. The following year, his widow Lynda sold the big property for more than $50 million to her next-door neighbors, Cindy Crawford and longtime husband Rande Gerber. The 6-acre estate was subsequently split into two parcels: one of them a 2.8-acre, mostly vacant lot and the other a 3.2-acre spread containing the main house. Crawford kept the smaller parcel for herself but sold the 3.2-acre one in 2018 for $45 million to Adam Weiss, a retired hedge fund manager from California’s Silicon Valley. It was Weiss who sold the property to Kardashian, after re-landscaping the premises and living there for a few years. After listing it in March with a $99.5 million price tag, the ask was slashed to about $90 million before Kardashian came calling with a significantly lower offer. Weiss, 55, is moving to the Hawaiian island of Maui, where last year he and wife Barret Swatek paid $45 million for an oceanfront estate not far from Jeff Bezos’ vacation home. Kardashian, 41, continues to mainly reside at her vast estate in Hidden Hills. She also has two “spare” Hidden Hills homes, one of which recently popped up for sale, and still owns a luxury condo in Calabasas and a vacant lot in La Quinta’s prestigious Madison Club. And for those curious, Kardashian’s new estate is about 14 miles up the coast from Kanye West’s $57 million Brutalist spread, so not exactly sugar-borrowing distance. Besides Crawford, some of Kardashian’s nearest new Malibu neighbors include retired TV super-producer Marcy Carsey, Leo DiCaprio, Neil Diamond and Michael Eisner. Article Courtesy of Dirt.com
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Announcements
Our Team in Europe visiting Luxury assets coming to MillionairesXchange
Wed Aug 10 2022
The team has recently been visiting luxury off market assets in France, coming to MX very soon. We are working hard all through out the year to bring the very best the world has to offer. Our global partners Trust Millionaires Xchange to sell their luxury assets to the discerning clients worldwide. Visit www.millionairesxchange.com regularly to see all the new and exclusive offers.
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Elvis Presley
Own Elvis Presley's Private Jet
Thu Jul 28 2022
Custom private Lockheed Jetstar personally owned by Elvis Presley, the late American singer, complete with red velvet seats, gold plated accents, and red plush carpet. Elvis’s Jet has been privately owned for more than 35 years, becoming a tourist attraction where it sat on a runway in Roswell, New Mexico in the US. The jet is the only one of the three planes belonging to Elvis Presley, which is still privately owned, while the other two are owned by the Graceland estate in Memphis, Tennessee. All FAA documents & invoices showing previous ownership by Elvis Presley are included. Seller Comments: Year of manufacture is 1962. Missing items: Engines & cockpit components Contact us for more details
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Cars
This $13.4 Million Talbot-Lago Is Now the Most Expensive French Car Ever Sold at Auction
Tue Mar 15 2022
The car world was expecting big things from one particular 1937 Talbot-Lago earlier this month, and, well, the vintage ride did not disappoint. The coveted T150-C-SS Teardrop Coupe in question—chassis No. 90107—sold for a record-breaking $13.4 million at Gooding & Company’s live auction at Florida’s Omni Amelia Island Resort on March 4. Shattering the pre-sale estimate of $10 million, it’s now the most valuable French car ever sold at auction and the most expensive Talbot-Lago in existence. The high hammer price isn’t a total surprise. For starters, this Goutte d’Eau, or “Teardrop,” variant is one of only a handful to feature bodywork designed and fabricated Figoni et Falaschi. It’s also one of just two to sport elegant all-alloy Modèle New York coachwork, and the only such example with its exterior still intact. Under the hood, meanwhile, lies a 4.0-liter inline-six engine with overhead valves and three Zenith-Stromberg carburetors that’s capable of churning out about 140 hp at 4,100 rpm. In addition, the coupe is fitted with a Wilson pre-selector gearbox, which allows the driver to “pre-select” the next gear, along with four-wheel mechanical brakes, a front independent suspension and a live rear axle. All of this combined was enough to render the T150-C-SS a real performance car for the time.
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Luxury Real Estate
Bel Air mega-mansion ‘The One’ sold for massive $154 million discount
Tue Mar 15 2022
A Los Angeles mega-mansion that was the biggest U.S. home to ever go up for auction sold for $141 million, including commissions, when bidding closed Thursday. Beverly Hills mansion The One—which refers to the one percent that can afford to occupy it—was sold at a bankruptcy auction for $126 million to an anonymous buyer. The One, which boasts 21 bedrooms, 42 bathrooms was originally listed for $295 million. But according to the L.A. Times the new owner of the 100,000 square foot marble-and-glass property (that still lacks an occupancy certificate) is Richard Saghian, owner and CEO of major fast-fashion online women’s store Fashion Nova. So where did 40-year-old Saghian get the scratch to add the biggest house in Los Angeles to the two other homes he already owns? Well, that’s easy its because of Fashion Nova. The brand he founded is exceedingly popular amongst young women. Its recipe for success: Using celebrities and Insta-Influencers to promote its cheaply priced, on-trend clothes. Past names include rapper Cardi B, Lil Nas X, and model Kylie Jenner. The company is privately held and owned by Saghian, who he is also the CEO, and its annual sales exceed a reported $1 billion. But more money can equal more problems, at least that’s the case with Saghian’s $17.5 Hollywood Hills house. In 2018, it was invaded by armed robbers, but all suspects were caught and one killed by an armed guard. More issues: prior to The One’s listing there was also a lack of an occupancy permit, rumors of construction flaws, and ongoing code violations, according to the Times. Many creditors with money in The One will take a loss, as the debt attached to the property has grown to $256 million. It has been speculated that The One is more of a property full of multimedia possibilities and less a home. In this case, the mansion could be used as a backdrop for Fashion Nova shoots and related promotional activities. There is much to choose from, with amenities ranging from a 4,000 foot guesthouse, a sky deck complete with cabanas, a theater, a full-service spa, an actual nightclub, a four-lane bowling alley, multiple swimming pools, and a moat. In a case of synergy, The One was designed by architect Paul McLean, who also designed Saghian’s Hollywood Hills home.
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Luxury Real Estate
A Los Angeles megamansion could sell for $295 million
Thu Jan 06 2022
105,000-square-foot mansion in Bel Air, dubbed "The One," could become the most expensive property to sell in the United States when it hits the auction block next month. The hillside property, which spans over a sprawling 3.8 acres, will be listed on January 7 at an eye-watering $295 million, with an online sale held February 7 to 10 via Concierge Auctions. From its elevated perch, the home boasts 360-degree ocean and alpine views as well as ones of downtown Los Angeles. Few properties in the world have ever sold above that list price, including the Chateau Louis XIV in France, La Belle Epoque penthouse in Monaco and the Pollock's Path Estate in Hong Kong, according to Christie's Real Estate.
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Art
International Artist | Dan Dailey
Mon Nov 01 2021
Our Good Friend and Partner Dan Dailey was recently featured in Schantz Galleries... Read the full article by clicking link below: https://www.schantzgalleries.com/2021-studio-focus/studio-focus-dan-dailey About the Artist… Since 1971, Dailey has participated in over 300 group, juried, and invitational exhibitions, and has had numerous one-person museum and gallery exhibits including a major retrospective at the Renwick Gallery of the Smithsonian Institution, and a recent installation at the State Hermitage Museum in St. Petersburg. He has completed more than 70 architectural commissions for corporate headquarters, hospitals, municipalities, a county courthouse, a performing arts center, and private residences. His work is represented in more than 50 museum and public collections around the world.
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Cars
Concours d'Elegance Las Vegas
Thu Oct 28 2021
The MillionairesXchange team were very pleased to Sponsor the Las Vegas Concours d'Elegance this past weekend and a fabulous event it was. The 2nd Annual Concours to take part in Las Vegas was at the new venue this year - Las Vegas Ballpark and What a Venue!!
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Announcements
Join us at the LAS Vegas Concours d'Elegance - Oct 22-23 2021
Thu Oct 14 2021
Come join us for the 2nd Annual Las Vegas Concours d'Elegance https://lasvegasconcours.com/events/ We will have our booth set up in the Ball Park Grounds and looking forward to seeing everyone there at the weekend!! Friday, October 22, 2021 1:00pm-4:30pm – Friday Show Vehicle Load-In 6:00-9:00pm – “Field of DreamCars” Private Invitation Only Dinner Party at the Las Vegas Ballpark, for Exhibitors, Judges, and Sponsors. This is a casual dinner event where attendees can eat, drink, and mingle, while roaming the Las Vegas Ballpark, open exclusively for our honored guests. Starting at the Club Level, attendees have time to visit all of the Sky Box Suites, where Sponsors and Exhibitors can visit in an unhurried and casual environment. Later, walk down to the Mall Level, where our vendors have their displays featuring display cars, new cars, Art, Jewelry, Fashion, and much more! Explore our new venue, enjoy the views, and admire the cars for the first time, beautiful from every angle, under the bright Ballpark lights! Saturday, October 23, 2021 9:30am-10:30am – Final Load-In 10:30am- All Cars in position 11:00am – Judging Begins 11:00am-12:00pm – “MVPs” VIP field access. 12:00pm-6:00pm – Towbin Motorcars presents the 2nd Annual Las Vegas Concours d’Elegance 4:00pm-6:00pm – Awards Show 6:00pm BEST OF SHOW presentations.