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A Tour of Home Bars via [#BluLableBungalow, and#Houzz, #wetbar ]

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This One’s on the House: A Tour of Home Bars

Hello there! I’m Erika Ward, Owner and Principal Designer of Erika Ward Interiors. It’s my greatest pleasure to inspire you to live well, to live in style, and to extinguish the myth that style and budget are mutually exclusive. Read more about my design philosophy and my work at http://www.blulabelbungalow.com
The concept of a home bar never really occurred to me until my family moved into a larger house. With a new home and more space, it didn’t take long before I was bit by the entertaining bug. My husband and I are social drinkers, a cocktail here or there, but having a well stocked bar of fine liquors and G-rated beverages may not be such a bad idea.
Entertaining in Style traditional kitchen
After the hustle and bustle of a long day who wants to stand behind a velvet rope to spend money on overpriced, water-down beverages? Relax at home and invite a few friends over. With these amazing custom and semi-custom bars, your place is the hottest ticket in town. No reservations required.

I’m serving up more home bar inspiration at Houzz.com today.

Allow your decor to transport guests to a faraway land. The pendant lights and gorgeous hand-painted wall finish is reminiscent of a quaint Tuscan pub.

by Bella Villa Design Studio

Are you a wine connoisseur? Customize your cabinetry to accommodate wine and stemware for easy access. 

Sidenote: Install a mirrored back-splash to your bar to give an illusion of more space.

by Mitchell Construction Group

Take design cues from your favorite brewery or pub and create a fashionable wood facade in your home.

by Rob Kane – Kitchen Interiors Inc.

Outfit your custom bar with the essentials; A sink, mini dishwasher, microwave, and fridge will limit your trips to the main kitchen.

by Rob Kane – Kitchen Interiors Inc.

Utilize a buffet to service guests when entertaining. When not in use, create an interesting tablescape using heirloom decanters, glasses, and a serving tray.

by Centsational Girl

If space is at a premium, create a beverage center within a nook using simple glass shelving and a portable chiller.

by Susan Diana Harris Interior Design

Here, a mini bar is built-in to a custom work station. How convenient for those days when happy hour can’t come fast enough.

by Harrell Remodeling

I love the idea of a multi-functional refreshment station. This combination consists of an espresso machine for the morning caffeine jolt and wine storage for the evening nightcap.

by Faiella Design



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Room Divider RoundUp via [Design Sponge]

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OPULUXE Lounge GroovesPlayList

room divider roundup

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d*s readers jessica, caroline and stacey asked if i would build a room divider guide asap for some guests they had coming into town. room dividers run the gamut from screens and hanging panels to full on storage units. i’ve chosen my favorites above and below but i always suggest using fabric to create an inexpensive divider panel. you can pick up inexpensive fabric at repro depot, purl soho, ikea and hancock and then use wire or curtain rods to hang them between spaces. have an idea that isn’t listed here? feel free to add it in the comment section below. there are six more slides after the jump so click here for the full post or click “read more” below.

[image above, clockwise from top left: desmond screen by jonathan adler $850, j schatz happening curtain $1250, bamboo stagger by brave space $2350, molo softwall $750+, nomad system by mio $56 per unit]

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[image above, clockwise from top left: until dawn curtain $116, puzzle screen $60 per unit]

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[image above, left to right: dan bleier divider, yuki screen $1180, hultet divider $49.99]

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[image above, clockwise from top left: hultet drape $12.99, three panel screen in teak (1stdibs), space room divider $228, pause structure $4799, kiva room divider $1299]

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[image above, clockwise from top left: piasa room divider $6,040, ivy panels $60, chicago storage unit $1799]

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[image above, clockwise from top left: designer’s eye wall $599+, hultet room divider (i’d spraypaint this white or bright, bold color) $39.99, curva screen $1870, eileen gray screen $5242, coil room divider $398]

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[image above, left to right: self cabinet $170 and up, hardwood screen $2100, pivot screen $5796]

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[image above: cubits storage system, stack to create room divider- $198 per kit]

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[image above, left to right: eames folding screen $1865, ricci room divider $699, rondo hanging screen $198]

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[image above, clockwise from top left: algues by the bouroullecs, $30 per pack]

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[image above, clockwise from top left: lily yung die-cut panels]

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[image above, left to right: mo-bi-le-o’s by kenneth wingard ($89-$92 per pack). hang in panels to create a room divider]


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Luxury Trends for 2011: The Latest From The Luxury Institute via [luxist]

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by Susan Kime
The Luxury Institute conducts independent research with wealthy consumers about their behaviors and attitudes on customer experience best practices. Their white papers on luxury trends and consumer attitude change emerge consistently throughout the year. The most recent was published on October 10, 2011, on emerging luxury trends for 2011..

The Institute states, ” As the luxury industry enters the last quarter of 2010 and prepares for 2011, executives are grateful for what could have been a worse year considering the state of the world’s economy. The truly global top-tier luxury brands are surging in China, while holding their own in the US, Japan, and Europe. Leading public companies have done much better than privately-owned brands by using their heritage, innovation, and resources to gain market share. Many family-owned European brands, rich with history but lacking innovation, have suffered and are desperately looking for capital. Overall, the industry has seen tepid growth; this trend is likely to continue for the next three years unless some unforeseen, and highly unlikely, positive event occurs and saves the global economy.”According to the Luxury Institute, here are some trends that have emerged in 2010 and should continue in 2011:

1. A Deepening Focus on Brand Values and Service Values
In his recent book on luxury strategy, Jean-Noel Kapferer stated that unlike mass consumer brands, luxury firms don’t need a brand positioning (e.g. Hertz: #1 in Rent-a- Car , Avis: We try Harder), but they do need an identity. The Luxury Institute states, “Brands must create their identities not only by the name, personality and style of the founder, but also through values by which they should be known and publicly judged. They can be one comprehensive set of brand values that establish the company personality while also acting as service values which define the customer experience.” Brands can also choose to develop two distinct but related sets of brand values and service values. In a recent Luxury Institute LCRMA (Luxury CRM Association) survey, 90% of luxury executives agreed that luxury culture and values are directly linked to positive financial results. .

2. Luxury Brands Purge its Out-of-Touch, Arrogant Staffs
“As top-tier luxury CEOs and their Boards discover the importance of a benevolent culture and values,” the Luxury Alliance states, ” they are also beginning to realize that the people who manage and deliver customer experiences must fit the new customer culture In the sales and customer-facing ranks, people will soon be selected on their abilities to be brand and product experts, earn trust and build lasting customer relationships. Lone Ranger, toxic sales professionals who are currently tolerated will soon be out of fashion. Ritz-Carlton, Mandarin Oriental, Four Seasons, Lexus and Nordstrom have been doing this for years, but even they will have to move to a higher level of cultural relevance and practice, as companies like Zappos prove that there is far higher ground to reach in terms of selecting customer-centric people, living the values and transparency.”

3. Websites!
One senior luxury executive recently told the Luxury Institute that “It’s a dark day for luxury when Zappos delivers a far better luxury experience than any luxury brand”. As luxury retailers learn to leverage the Internet for e-commerce, they are also learning that one thing affluent consumers expect from their online experience, if the need arises, is the availability and opportunity for quick, easy and immediate direct communication. In a recent Luxury Institute WealthSurvey, 62% of affluent consumers stated that when shopping online they feel more comfortable if they can call someone directly for assistance, and 60% said they are likely to abandon their online purchase if they cannot find quick answers to their questions on the website. In addition, 45% expect an obvious phone number to speak with a live sales or customer service representative. While luxury struggles with the answer, Zappos has beat them to it and gained the high ground. The secret that Zappos has learned is that only a small percentage of people need this call service very often. Look for most luxury brands to understand the connection between the call center and online channels and create a far better experience for customers in 2011.

4. Clienteling Goes from a Hobby to a Discipline
In a recent Luxury CRM Association Clienteling survey, only 25% of affluent consumers reported that they have a relationship with a sales associate at a luxury brand. That was actually a high water mark, as other surveys that Luxury Institute partners have conducted indicate that only 8-15% of customers report having a relationship with a sales associate at top luxury retailers. Why is this important? Because this small group of luxury consumers give a retailer almost twice as much in wallet share. They also are likely to continue buying more over time if they have a relationship with a dedicated sales professional.

5. Luxury Mobile Applications Come of Age
Top luxury brands now well into a few years of e-commerce, and having finally ventured into social media, are determined not to miss the soon-to-explode mobile device shopping party. Luxury Institute research on the wealthy consumer use of mobile devices shows that 76% compare prices via mobile devices, while a rapidly growing 27% have purchased via a mobile device. In addition, 21% report that they use mobile devices to look up respective product information while shopping in stores. We are near a tipping point where mobile devices will replace the laptop for many activities and transactions and luxury brands are racing to be a step ahead for a change. Tiffany‘s recently-launched mobile application for finding your perfect engagement ring is a good example of a simple and practical innovation that seeks to serve its customers.

6.Luxury Equips Sales Professionals with In-Store Mobile Devices
Luxury is about to begin testing equipping its sales professionals with mobile devices such as iPads and iPhones in its stores. They can also be used to take customers through rich sales presentations that include video and audio enhancers. They can be used to search out-of-stock inventory anywhere in the retail system, conduct an online transaction, and arrange for delivery in real time. As customers opt in to having their own mobile devices announce their arrival at the store, sales professionals can be alerted to greet customers by name with custom offers ready, or at minimum be aware of what offers have already been sent to them. These applications are only the beginning of the use of mobile in stores as a customer experience enhancer for the sales professional as well as the customer. Mobile devices combine personalization efficiency and effectiveness with an unprecedented touch of caring and nurturing that are the Holy Grail of a true luxury experience.

A Recap: 6 Trends That Defined Luxury in 2010

By Michael Martin

BEVERLY HILLS, Calif. (TheStreet) — Despite being on the tail end of the worst recession in modern history, 2010 proved a winner for a few select hotels, restaurants and nightclubs whose business models and practices allowed them to rise to the occasion.

Microchain boutique hotels
After beginning as a hipster-granola hotel concept in the Pacific Northwest, Ace Hotels has spread across the United States with a celebrity-studded outpost in New York and destination resort in the California desert.

The bathrooms on Emirates’ 15 Airbus A380s go beyond luxurious in first class. The airline has become the first and only to offer in-flight showers.

The realization that artists on a budget need stylish and comfortable rooms too has evolved into bohemian enclaves that in New York include a Michelin one-star eatery by the creators of the Spotted Pig. Their gastropub eatery is just as popular with city folk as it is with hotel visitors.

In Palm Springs, Ace has brought a Dash Snow sensibility to the destination pool party, with celebrity jam sessions and indie DJs recruited from LA to spin lazy Sunday afternoons by a pool stewing with tattooed rock stars and models on winter break from the Milan-Paris-Tokyo-Ibiza circuit.

Membership clubs
They’ve been a staple of London social life since the advent of the Groucho Club and Soho House, the latter migrating through Berlin and New York before sweeping across the United States this year. The membership club concept thrives most notably in Los Angeles, where Nick Jones’ Soho House has essentially a monopoly on celebrity dining and nightlife from its penthouse West Hollywood location along the Sunset Strip.

Potential members scour their circle of friends for sponsors only to line up for a multimonth waiting list from which only a connected few at a time are selected to join.

November saw the opening of Soho Beach House in Miami, which includes a hotel that was the party site du jour at Art Basel 2010. Meanwhile, Miami’s perennial Casa Tua was set to expand to Aspen, where the Caribou Club has long had a stranglehold on the billionaire and ski bunny set.

Are you a friend of Andre Saraiva?
He seems to be everywhere these days. In Paris his Le Baron nightclub is the fashion stalwart of local nightlife, while the Hotel Amour he co-owns has become the most fashionable address for one-name artists and celebrity designers. Ditto for Japan, where Le Baron is the hottest club in Tokyo.

In United States, Saraiva has the Boom Boom Room and Le Bain atop the Standard New York and plans for a nightclub in Chinatown. Pop-up installments of Saraiva’s nightclubs are the “it” events at the Cannes Film Festival and Art Basel, where he was essentially handed the keys to Delano’s famous Florida Room for the past two year.

In St. Tropez he’s transformed the once derelict Hotel Ermitage into a bastion of cool on the scale of LA’s Chateau Marmont, but with a French accent.

Saraiva, only 38 and already the new Ian Schrager, is the man of the moment, the coolest guy in town — any town.

Let’s make a deal
It wasn’t long ago that the name Gilt Groupe was barely pronounceable to the average Internet consumers, let alone recognized as a discount retailer specializing in deals for high-fashion goods for subscribers. This year Gilt launched its JetSetter travel deals, offering cut rates at selected hotels that range from quirky boutiques to the best luxury addresses in Paris.

The formula has brought competition from such players as Tablet Hotels, Design Hotels and Leading Hotels of the World that now allows even the high end of the travel market to scout out a deal without embarrassment. Drawbacks include a not always stellar selection with prenegotiated availability and, often, required prepayments. The endless emails for affiliated and launching products also detract from the experience of a once exclusive membership now open to pretty much anyone.

Shower before landing
The advent of the French Airbus A380 has allowed a creative interpretation of the traditional first class flying experience, and Emirates, with its impressive 15 of the craft, offers the most luxurious and over-the-top configuration: It has become the first and only airline in operation to offer in-flight showers.

Emirates’ Private Suites, touted by Carrie Bradshaw in Sex and the City 2, are equipped with sliding doors and minibars of almost full-size premium goodies. There’s also two shower spas at the front of the first-class area — complete with Bulgari bath products and fluffy Italian linens — offering a burlwood boudoir that’s become the hottest amenity in the aviation industry.

Celebrity chefs
Celebrity chefs, the latest must-have amenity for new hotels, are a sure-fire way to keep guest dollars in house as well as a burgeoning business for hoteliers looking to divest real estate during tough times. This year has seen the debut of Daniel Boloud’s DB Bistro Modern at the new JW Marriott Marquis Miami, J&G Steakhouse by Jean-George Vongerichten at St. Regis Deer Valley, the highly touted WP24 by Wolfgang Puck at the Ritz Carlton at LA Live and Michelle Bernstein at the Omphoy in Palm Beach.

Pierre Gagnaire seems to be in front of the trend, conquering the globe with a new Reflets eatery in Dubai, a two-star Michelin-rated restaurant at Les Airelles in Courchevel and an outpost at the Mandarin Oriental in Las Vegas. With no shortage of celebrity chefs, Vegas is also welcoming Scott Contant’s Scarpetta and Jose Andres’ Jaleo, which just opened at the Cosmopolitan Las Vegas.

Look for even bigger chef names to debut next year. The world’s most heralded chef, Heston Blumenthal of Fat Duck, given three stars by Michelin, will debut a concept eatery at the Mandarin Oriental Hyde Park in London that already has its own Bar Boulud in the basement.


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Holiday Inspirations via [thisisglamourous]

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OPULUXE Lounge GroovesPlayList

 

{holiday inspiration: glittering gold}

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. . . may have played with the notion of winter white, or pale & pretty neutrals, bits of silver, or warm slate & evergreen, and perhaps even crimson, but in the end, knew it would always be glittering gold . . .

kartell gold lamp | 1stdibs gilt metal starburst chandelier | j.crew teenie glitter leather belt | victoria beckham sunglasses | louis vuitton shimmering slim evening clutch | aspinal of london metallic gold leather ipad case | zara home hans jug

erin fetherston for juicy couture

{p.s.} absolutely and completely in love with this gold velvet dress by erin fetherston for juicy couture capsule collection

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gold-red-lipstick

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cubes of gold custom ring designed by imogen belfield | yves saint laurent rouge volupté pearl lipstick | kate spade twirl margie handbag | badgley mischka peep toes | kelly wearstler brass kaleidoscopes | talullah tu bow ring | bodum chambord gold french press | merchant archive london 70s gold trolly | mepra due ice oro flatware

{p.s.} a few things:
* last day for the crystal necklace holiday give-away
* guest posting here today xo

{juicy loves glamour girls by erin fetherston image, scan by this is glamorous, photography by francisco garcia for nylon magazine, january 2011; fireplace via the green room interiors, gold sequins & red lipstick via bela adler & salvador fresneda not just a label discovered via felicity — thank you! xo}

{holiday inspiration: silver & gold}

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. . . while may not have had a chance to get together holiday decorations this past weekend {perhaps & hopefully this week}, have been dreaming up elegant colour palettes for the season, and while the last may have been inspired by tiffany’s blue, this year, quite smitten with the idea of simple and classic silver and gold, perhaps hints of pearl and opalescence, gilded garlands and glittering sequins, and perhaps, just the faintest glimmer of palest lilac . . .

{p.s.} also lovely: one & two; & how was your weekend? dying to know what holiday colour palettes you’ve been dreaming up?

{also:} a few things you may have missed:
* weekend: a few lovely links
* at the shops: andrea bonelli, san francisco
* for the holidays: advertising

{& one last thing:}
* now that we finally have a winner for the philippe starck louis ghost armchair, it’s on to the next glamorous give-away {perfect for the holidays!} a little later today — check back if you like . . . xo

{images: photography by virginia macdonald for style at home}

{holiday inspiration: warm slate + evergreen}



. . . quietly floating snowflakes and prettily wrapped packages, napkins tied with mistletoe and candles wrapped in satin, and most of all, happy anticipation in this, the most magical time of the year

hope you’re having a wonderful holiday season,
xo

{images:1 & 4 – veranda via delight by design; 2 – polly wreford; 3 – martha stewart}

Cheap & Chic DIY ecoLuxe Headboards via [lovely undergrad, copycat chic, curbly,and allthingsgd]

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One of the easiest ways to spruce up a boring bedroom is by dressing up the bed. But pillows, bedsheets, and a pretty comforter only go so far. Here are some diy headboard ideas so that you can give your bed a little extra ooomph!

Above: For this “Tall Order” headboard featured at BHG (Better Homes & Gardens), an inexpensive artist’s canvas was covered in fabric and propped behind the bed. I particularly like this project because the canvas could be re-covered if you want to change you color scheme or it could moved around the room if you no longer wish to use it as a headboard. I do think, however, that it should be fastened to the wall in some way to avoid falling on your head during sleep. Some kind of adhesive hooks might just do the trick?
Above: If you’re feeling especially ambitious or crafty, a diy-upholstered headboard may be just the project for you. Click here for BHG instructions on creating this luxe headboard using medium-density fiberboard, batting, and your choice of fabric. (Apparently it takes only three hours and no special tools are required!)
Above: This “Letter Perfect” headboard shown on BHG is dedicated to all you bookworms and future novelists out there. Collect new or vintage letters of varying sizes and colors flea markets, antique shops, and craft-stores… and put ’em up on the wall with some double-sided tape, poster putty, or adhesive hooks (depending on the material and weight of your letter).
Above: Hey, globetrotters… you may like BHG’s “Map Quest” headboard project. Simply use decoupage medium to adhere paper road maps to an old headboard. (Note: Do not, under any circumstances, decoupage the dorm-provided headboard… it will damage the school’s furniture.) For a dorm-safe approach I would recommend either doing this to a headboard you own and bringing it to school… or decoupaging a flat piece of plywood and temporarily attaching it to the headboard the school provided you with.
Above: Add some timeless romance to your dorm by borrowing the “Screen Star” idea from BHG. Simply place a folding screen between your headboard and the wall. Wrought iron is always gorgeous, but there are a variety of screen available out there. Plus, a vertical screen will draw the eye upward.
Above: BHG’s “Perfectly Padded” idea is a new take on the old upholstered headboard. I absolutely adore this idea. Simply hang a bench cushion by it’s ties from wall-mounted hooks. I think those adhesive hooks are pretty much ideal for this project. (Just make sure that they are all attached to the wall at the same level so that your cushion isn’t crooked.) You could also put a twist on this diy by hanging the cushion over the long part of your bed instead of at the headboard. It could give your bed a daybed like.
Above: Isn’t this BHG project pretty? This “Elegant Illusion” also happens to be a piece of cake. While you’re not allowed to paint the walls at school, vinyl decals are a great alternative. I’m sure if you shop around you’ll be able to find a vinyl headboard decal. Or you could stick other decals to the wall and create your own idea of a headboard. I think one of those chandelier silhouette decals would be quite eye-catching over a bed.
Above: So this BHG idea, called “Pop of Color“, is the easiest, most convenient, and easiest headboard project. So if you’re not crafty, on a small budget, or simply change your mind a lot… give this diy a chance. Simply drape a panel of fabric over the headboard. Then tuck the ends under the mattress to keep it in place. Yup… it’s that easy. With several pieces of pretty, patterned fabric on hand, you could change your headboard’s look on a whim.

Above: This “Paper Headboard” from I heart Norwegian Wood on Flickr is super easy and super stylish. The headboard design was simply drawn onto and cut out of thick, white poster board and stuck to the wall.

Above: This “Scrapbook Paper” headboard (also from I heart Norwegian Wood) is what I’m leaning towards doing in my own dorm room. I was first inspired by a $13 Paper Wall, but it took some surfing around to find a photo of what I wanted to do… which is to attach scrapbook paper in different colors and patterns to the wall above my bed. I think I may go all the way up to the ceiling though in my room. This can be done by simply attaching scrapbook paper squares to the wall with double-sided tape, adhesive strips, or poster putty. 

Above: I love the headboard in this bedroom belonging to Flickr user kimhas6cats. It’s a different take on using a screen as a headboard. It’s her screen that’s really the key. It seems that it was just made for hanging things… like scarves, artwork, etc. It’s really quite a fabulous idea. And considering I personally own over twenty scarves… I’m keeping my eyes open for a screen like this. Imagine all the other things you could hang from it! So many possibilities.

Final Word:

If you’re creative, crafty, and innovative… there is a variety of ways to customize your bed and your dorm in general. But I do stress over and over again that it’s soooo important to read your residence hall contract and handbook so that you know what you are allowed to do decor-wise in the dorm and what is prohibited. Every college has different rules. If you don’t understand something in the contract or handbook, e-mail your residence hall director or dormitory staff. Be informed, be safe, and be creative. 🙂

I’m going to call attention to a couple of my favorite blogger DIY projects. These ladies both made their own gorgeous headboards inspired by designer beds for a substantial savings! What’s not to love? I’m seriously considering making myself a new headboard, even though the one I have is less than a year old….lol.

First up, we have Freckles Chic with her awesome linen headboard with nailhead trim. Cost of making this headboard? Only $73!

Looks pretty similar to West Elm’s Nailhead Upholstered Headboard…King size = $449.

Next, Holly over at Life in the Fun Lane made a glamorous white headboard (directions here)in keeping with her unique clean cottage chic style. Just love it!

This is an easy and cheap way to get a headboard that looks like Williams Sonoma Home’s Fairfax Bed with out the pocket emptying cost!

Yeah yeah, we’ve all seen enough headboards, right? Well, imagine this long upholstered headboard with a queen sized bed in front of it and two sparse, but interesting side tables on either side of it. It would function as a headboad, of course, but also as wall art across a wide expanse of wall. That’s been on my drawing board for a long time, and now someone has gone and done it. As usual  Cococozy has compiled a nice little assortment of fantastic photos of  yet more headboard alternatives for your consideration.

created at: 06/03/2010



created at: 06/03/2010

Above: Decal Wall Stickers Headboard (those with patience could paint this)

Block of Blue Headboard

created at: 06/03/2010

Photo by Eric Roth

Wingback Headboard

created at: 06/03/2010

Photo: Richard Powers

Floral Screen Headboard

created at: 06/03/2010

Photo: Polly Wreford

I received a reader request from my fabulous friend Beth who’d like to see some DIY headboard options for her darling daughter Maya. Well ladies, here’s what I was able track down–hope you see something you like!

The first thing that came to mind is a DIY headboard made from a piece of picket fence. My mother-in-law did this in her guest room and I just love it. Nice and simple, and oh so cute. Unfortunately I don’t have any photos from my mother-in-law’s house, but here is one from Better Homes & Gardens. I also found a slight variation at HGTV.com.


Another great idea is this simple DIY canopy, which would be so cute for a little girl’s room–and you could change out the fabric as she grows and her tastes mature!


The fun fabric and shape of this charming DIY upholstered headboard keeps it looking young and playful.


Another simple great idea–again from Better Homes & Gardens. This headboard is made from plain old bi-fold closet doors painted with stripes.


I love this chic suggestion from Domino–painting a faux headboard right on your wall using a color just a couple shades lighter than your wall color. Don’t want to buy a whole other can of paint? Just mix some white paint with your existing wall color paint and you’re good to go.


Although not necessarily what comes to mind for my friend’s daughter Maya, here are two more ideas from BHG that I just love–Pic 1 is made from a painted paneled door, and Pic 2 is made with weathered shutters.

As you may have noticed by now–Better Homes & Gardens is an excellent site for finding some beautiful DIY headboard ideas! To see these DIY headboard ideas and more, check out their slide show of 29 Cheap & Chic Headboard Projects.

And if anyone has any other great ideas for Beth’s daughter, we’d love to hear them!


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Business Cards that DON’T Get Thrown Away. via [Quality Junkyard]

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Creative Business Cards

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Creative Business Cards

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Bernie Madoff’s High-End Yard Sale via [nydailynews]

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Madoff auction raises $1m

 

Madoff auction raises $1m
Nov 15, 2009
news.bbc.co.uk

Bernie Madoff auction draws hundreds of bidders for Ponzi schemers possessions

BY Henrick Karoliszyn AND Christina Boyle
DAILY NEWS WRITERS

Saturday, November 13th 2010, 2:37 PM

Bernie Madoff's grand piano sold for $42,000 at auction.

Bernie Madoff’s grand piano sold for $42,000 at auction.

Bernie Madoff‘s bling went under the hammer in New York Saturday.

The contents of the Ponzi schemer’s luxury upper East Side penthouse and Montauk beach house – from his velveteen slippers to his Steinway piano – were up for auction at the Sheraton Hotel & Towers.

Hundreds of buyers flocked to the Midtown hotel ready to part with their hard-earned cash, and more than 1,000 online bidders also drove up the price of the goods once owned by the notorious swindler.

“I was going to buy another piano, so why not buy one with a little history to it?” said John Rodger, 81, from East Islip, L.I., who snapped up the Steinway and Sons grand piano for $42,000. “It makes it kind of interesting. It’s a conversation piece.”

He added, “It has a little bit of history to it and it’s a little hysterical too.”

Madoff’s size 8 1/2 size slippers can be yours. Getty

Auctioneers Gaston and Sheehan are overseeing the sale of the 489 lots, which were seized by U.S. Marshals after Madoff, who is serving 150 years in prison, was arrested for swindling investors out of $65 billion.

The auction was expected to raise at least $1.5 million and will go towards a fund for the victims. But with many of the items on the block selling for well above the initial asking price, the final figure for the stash could be much greater.

“I wish it went for less, but it’s a good investment,” said Zach Zaman, 27, who bought up a Tabriz rug for $30,000, even though the auction catalogue’s estimated price was $2,500 to $3,000.

Madoff’s custom platinum ring with a 10.5-carat diamond is possibly worth $300,000. Getty

The rug had special significance for Zaman, who lives in Forest Hills, Queens: his father sold it to Madoff 10 years ago, and he felt it was important to bring it back into the family.

“I think it will be more valuable now with all that’s happened. It’s something people will talk about,” said Zaman, who didn’t know how much his father sold it for.

“It is in the same condition it was in when it was sold,” she added. “I’m glad we will have it back.”

This is the second auction of Madoff’s belongings. The first, last year, raised nearly $1 million, according to the U.S. Marshals.

cboyle@nydailynews.com

Read more: http://www.nydailynews.com/ny_local/2010/11/13/2010-11-13_bernie_madoff_auction_draws_hundreds_of_bidders_for_ponzi_schemers_possess




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