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Fangio’s rare F1 Mercedes sells for $29.6 million


A classic Mercedes-Benz race car driven by Formula 1 legend Juan Manuel Fangio has sold for 19.6 million pounds ($29.6 million) at Bonhams Goodwood Festival of Speed Sale auction on Friday.
The 1954 Mercedes-Benz W196 single-seater was driven by the five-time world champion racer when he clinched his second title in 1954. The Argentine drove the car to victories in the 1954 German and Swiss Grand Prix races.
Bonhams chairman Robert Brooks called this car the “most important historic Grand Prix racing car ever offered for sale”.
A Ferrari 330GT, first owned by John Lennon, fetched 359,900 pounds at the same auction. The late Beatle bought the blue Ferrari after he passed his driving test in 1965 and sold it three years later.

Sao Paulo rich use choppers to beat traffic jams


Former model-turned-business mogul Cozete Gomes owns eight companies and does not really have time to be stuck in Sao Paulo‘s epic traffic jams. So she just flies over them.
In Brazil’s sprawling business capital, home to 20 million people, millionaires sick of nightmarish bottlenecks on the roads are taking to the skies, relying on a massive fleet of private helicopters to get around town.
“For me, the helicopter is a necessary tool,” Gomes told AFP as her chopper flew high above the city’s clogged streets into Campos de Jordao, northeast of Sao Paulo — a mountain resort for the rich dubbed the “Brazilian Switzerland”.
“I use it in my day-to-day activities, for my business, my meetings. It makes my life a whole lot easier,” she said during the 50-minute ride earlier this month in a private six-seat helicopter.
There are 420 helicopters registered in Sao Paulo — a total second only to New York, according to the Brazilian Association of Helicopter Pilots.
With a net worth estimated at $125 million, the multi-millionaire Gomes, 41, is part of a select group of Sao Paulo’s super-rich elite who either own helicopters or can afford to rent them for $1,300 an hour.
There are up to 500 helicopter flights daily in Sao Paulo and the city has a staggering 193 heliports. Helicicade, the city’s largest, boasts nearly 80 helicopters owned either by individuals or private companies.
“The helicopter business in Brazil has been growing about 20 percent in recent years,” said Carolina Denardi, a spokeswoman for the Brazilian Association of Helicopter Pilots, known by its acronym ABRAPHE.
The country has a nationwide fleet of more than 1,900 helicopters, including nearly 700 in Sao Paulo state alone, the association said. On average, more than 300 operator licenses have been issued annually over the past three years.
While most Sao Paulo residents struggle to get around the city, wealthy executives and socialites — oblivious to the maddening gridlock — cruise overhead, hopping to their luxury condos, beach resorts or business meetings.
According to Wealth Report 2013 published by Wealth-X, a Singapore-based wealth intelligence firm, Sao Paulo was last year home to 1,880 individuals with net assets of $30 million or more.
The number is projected to shoot up to 4,556 in 2022, a reflection of resource-rich Brazil’s soaring prosperity.
Gomes — a former model and beauty queen whose eight companies focus on promotional marketing, event management and modeling — says she is one of the few Brazilian women to have built her fortune on her own.
She shot to national fame in January with her television appearance on the “Rich Women” reality show, which spotlights the extravagant lifestyle of “travel, luxury cars, jewels, shopping and lots of champagne” enjoyed by Brazil’s expanding millionaire class.
“I agreed to appear on the show to share my success, my life story with the whole of Brazil, to show the positive experience of a women who started from nothing and built her own business,” she told AFP.
“There are many other Brazilians who are richer than I,” Gomes noted, as she nonchalantly sipped a glass of champagne at the luxurious La Villette guest house, which has its own helipad.
Indeed, the Wealth-X report identified 50 Brazilians with net assets of over $1 billion.
According to Forbes Magazine, the richest Brazilian is 73-year-old beer magnate Jorge Paulo Lemann with a net worth of $17.8 billion, followed by 74-year-old banker Joseph Safra with $15.9 billion.
The richest Brazilian woman is 83-year-old Maria Helena de Moraes, with a net worth of $6.2 billion tied to her 25 percent stake in the family-controlled Votorantim Group, Brazil’s largest cement maker and one of Latin America’s largest industrial conglomerates, Forbes says.

Lalique For Bentley Crystal Flying B Paperweight


Drive the elegance of Bentley right up to your workstation. Lalique and Bentley Motors have teamed up to allow the liberty of parking the essence of the flying B right on to the desk. Bentley’s flying B bonnet ornament in its crystal avatar will add momentum to work pace without compromising on style.

Weighing almost a kg, the Lalique crystal paperweight is shaped like the iconic Bentley mascot and inspired by legendary car mascots created by Rene Lalique in the 1920s. The emblem of British luxury car icon celebrates the richness of Lalique’s past and its modernity.

The French crystal and glassware manufacturer encapsulates the creation as ‘The dynamic of its wings, wrought in gleaming crystal, epitomizes timeless beauty while evoking lightness, speed and elegance.’ Standing tall at 5 inches ( H5.55″ / L6.77″ / W3.70″ to be precise), the Flying B paper weight by Lalique is individually numbered and available for $1,700.

Top 10 Destination Spas of 2013


A medically supervised spa in Austria where guests learn everything from proper chewing to sound eating habits, nutrition and therapeutic “self-discovery” was named the best destination spa among readers of Condé Nast Traveller UK.
The Parkhotel Igls in Austria (pictured below) was given top marks for its health-oriented spa treatments based on Modern Mayr Medicine, a six-pronged approach that focuses on cleansing and detoxing the body via fasts or customized diets, tutorials on vitamin and mineral intake, indoor and outdoor activities, and psychological counseling.

CN Traveller readers also gave The BodyHoliday, Le Sport in St. Lucia top marks for its exercise programs, and singled out Ananda in the Himalayas for the quality of its spa treatments.

Here are the top 10 destination spas according to CN Traveller’s Readers’ Travel Awards 2013:
1. Parkhotel Igls, Austria 93.54
2. COMO Shambhala Estate, Bali 93.50
3. Brenner’s Park-Hotel & Spa, Baden-Baden, Germany 92.31
4. Chiva-Som International Health Resort, Hua Hin, Thailand 91.5
5. Banyan Tree Phuket,Thailand 91.10
6. Ananda in the Himalayas, India 90.67
7. Espace Henri Chenot, Palace Merano, Merano, Italy 89.66
8. The Body Holiday, Le Sport, St Lucia 88.58
9. Grayshott, Surrey 87.34
10. Canyon Ranch in Lenox, Massachusetts, USA 86.26

Buffett donating $2.6 billion in stock to charities


Warren Buffett, the billionaire investment guru known as the Oracle of Omaha, is donating about $2.6 billion in stocks to five charities as part of a plan to give away the bulk of his wealth before he dies.
The bulk of the annual donation, about $2 billion, went to the Gates Foundation, the philanthropic organization set up by Microsoft co-founder Bill Gates. Buffett also donated millions to his own foundation and the charitable organizations set up by his three children.
Buffett, the second-richest American and the third-richest global billionaire on Forbes’ lists, has been a leading advocate for philanthropy among the wealthy.
Buffet and Gates launched The Giving Pledge in 2010, encouraging the world’s wealthy to commit to donating 50% or more of their fortunes to philanthropy during their lifetime or after they die.

Rolls-Royce SUV will not compromise brand


Luxury car maker Rolls-Royce will not compromise its exclusive image if it builds a sports utility vehicle (SUV), its chief executive said Tuesday.
Speaking to journalists in Singapore, Torsten Müller-Ötvös said the firm known for its stately sedans is now in the early stages of designing its first SUV for the super rich.
“I have tasked our designers to come up with some ideas on paper how they would imagine our car, the Rolls-Royce, would look like in this segment,” he said. ”This segment is interesting, it keeps growing and growing and growing, even at a time when the whole automotive industry was quite in a crisis.”
The auto press is abuzz over the idea of a Rolls-Royce SUV but Müller-Ötvös said the BMW-owned British company would tread carefully as “Rolls-Royce is not sporty, Rolls-Royce is not utility (and) it is not in the genes of this brand”.
“There is no decision yet made, and we aren’t rushing it, and there is also really no need to enter that segment. It only makes sense if this can be credibly represented by Rolls-Royce,” he said.
Bentley in July said it would go ahead with plans to launch an SUV by 2016. Lamborghini, which like Bentley is a unit of Volkswagen, is also eyeing the SUV market along with Fiat’s Maserati.
Porsche, also part of the Volkswagen group, is well ahead of the pack, with its sales boosted by its hugely popular Cayenne SUV.

Saint Laurent unveils diamond jewelry line


Hedi Slimane is launching a new line of stunning diamond jewelry for the Parisian luxury house.
Titled ‘Saint Laurent Diamond,’ Slimane’s latest jewelry collection features stunning modernist designs in gold, set with brilliant-cut diamond paving.
The hand-crafted jewelry line, which features rings and bracelets for men and women, follows “the tradition and savoir-faire spirit of Parisian joaillerie,” says the brand.
Customers have the choice of 18K gold or 18K white gold set with diamonds and according to Saint Laurent the collection will be “permanent and evolving.”

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