Lord Sugar puts his gin palace up for sale for £12.7 million after owning it for just two years; it was originally built for the controversial tycoon Alan Bond
On Monday, the Daily Mail’s Sebastian Shakespeare revealed that Lord Sugar – of The Apprentice fame, in case you didn’t already know – is trying to sell his motor yacht, the ‘Lady A’, for £12.7 million ($16.5 million, €14 million or درهم60.6 million).
The 181-foot long gin palace accommodates 12 guests in 6 cabins and has a crew of 15. Built in Japan in 1986 for the subsequently disgraced and now dead Australian tycoon Alan Bond (1938 – 2015), the vessel passed through various other hands before being bought by Lord Sugar in 2015. Originally known as ‘Southern Cross III’, the boat was renamed ‘Indian Princess’ during supposed ownership by the brewing tycoon and ‘King of Good Times’ Vijay Mallya and ‘Emihar Chios’ whilst owned by the Greek shipping tycoon Harry N. Vafias.
Totally refitted over 10 months in 2016 by Burgess Marine and then renamed in honour of Lord Sugar’s wife since 1968, Lady Sugar (originally Ann), the ‘Lady A’ is described as a “unique market opportunity” and “one of the most distinctive yachts on the water” by brokers Edmiston.
A rare thing – A Pacific Heights, San Francisco house with a 9-car garage that has been dramatically reduced in price by £1 million
Extending to 7,580 square feet in total and on a corner plot, 2190 Vallejo Street in San Francisco is a detached 5-storey residence with a private garage with space for seven to nine cars.
Built in 1912, the year the Titanic sank, to the designs of Edgar Mathews (1866 – 1946) – an architect responsible for a number of Arts and Crafts style houses in the sought after Pacific Heights area of the city – the property includes 4 reception rooms, 7 bedrooms, 7 bathrooms and a wine cellar. It also has three areas of outdoor decking and a small front garden planted with English roses.
Not many single family residences in any city come with garaging for 9 cars
Presented in good but shell condition and including many period features, 2190 Vallejo Street is effectively a blank canvas. It is listed by Michael King Estates and has recently been reduced in price from £7.5 million to £6.5 million.
Editor of The Steeple TimesMatthew Steeples remarked: “At a time when the San Francisco market continues to boom and median house values are currently listed at £928,000 ($1.2 million) – up 7.2% on last year – in the Bay Area according to Zillow.com, this dramatic reduction is definitely indicative of initial overpricing. Just as in London, buyers at this level are extremely choosy but maybe, just maybe now a seriously rich car lover will choose 2190 Vallejo as the location to house their collection.”
The Numbers – 2190 Vallejo Street
June 2017 – Reduced in price by £963,000 ($1.25 million, €1.06 million or درهم4.59 million) to £6.5 million ($8.5 million, €7.2 million or درهم31.2 million).
May 2017 – Listed for sale for £7.51 million ($9.75 million, €8.23 million or درهم35.81 million).
One-off 1971 Rolls-Royce Phantom VI cabriolet to be auctioned; originally commissioned by a British playboy turned jailbird with connections to Princess Margaret but only actually completed in 1993
Offered with an estimate of £308,000 to £462,000 ($400,000 to $600,000, €340,000 to €511,000 or درهم1.5 million to درهم2.2 million), this truly unique, one-of-one design was amazingly the final Rolls-Royce Phantom VI completed in spite of the model remaining in production until 1991. This mammoth beast of a car, surprisingly, however, has just 72 miles on its clock and is thus described as “as brand new.”
The car’s first owner, Robert ‘Bobby’ Buchanan-Michaelson, was a bit of a playboy but sadly he never got to actually drive or be driven in it. A “member of Princess Margaret’s inner circle of friends,” this Cambridge graduate was a member of the “Mayfair mammas’ lists of the season’s most eligible bachelors” until “exchanging his Edwardian hacking jacket for prison grey” in 1954 after being jailed for 12 months for an import/export fraud according to a report in Sydney’s World’s News in August that year.
Some years after being freed, ex-con Buchanan-Michaelson took part in the 10,000 mile 1968 London to Sydney Marathon in a Mercedes-Benz 280SE. In a book about the adventure he was described as both a “successful and wealthy businessman, employing a cook, a butler, a maid and a chauffeur” and as an “accomplished sportsman.” Also listed as a lavish spender, Buchannan-Michaelson was later bankrupted in November 1977 – though at the time he lived in grandeur at both at Churchbury Manor at Fairford, Gloucestershire and 26 The Vale, in Chelsea, London, SW3.
In 1970, in the period between the international car race and his bankruptcy, Buchanan-Michaelson commissioned Rolls-Royce to build him a Phantom VI. After delivery to Jack Barclay Ltd. In June 1971, the vehicle’s chassis was sent to Frua of Torino, Italy to have bodywork fitted but for some reason work stopped and it was not until 1977 – and by now with a new American owner, James Leake, and new drawings of its eventual form – that the project continued.
With Pietro Frua (1913 – 1983) retiring soon thereafter and Mr Leake’s death in 1983, the chassis passed to new ownership and it was only eventually completed as a finished motor vehicle in 1993.
That year, the four-door ‘state cabriolet’ was displayed at the Geneva Motor Show and its boxy look must have surely either have wowed or horrified visitors. It is described as having “an elaborate multi-position convertible top allows the car to be configured as a sedanca de ville, landaulet or fully open convertible.” The interior is trimmed in burled walnut with sterling silver inlays and amongst other luxuries are front and rear heating, air-conditioning, fresh-air ventilation systems, a television, a video player, a radio and a cocktail cabinet. Underneath the seats is a portable Davidoff cigar humidor and even a matching silk-lined ladies’ vanity case. What more could anyone ever need?
RM Sotheby’s will sell the Frua Phantom VI at their Monterey sale in California on 19th August and term it: “The last word in modern opulence.”
Previously listed last year for £225,000 as part of the £2.3 million sale of a 344-acre farm – where then agents Carter Jonas ultimately received 18 offers – Newbiggin Hall Farmhouse at Newbiggin is now marketed by Eden Estate Agents simply with its gardens.
The 4-bedroom house is in need of complete refurbishment but with 2,291 square foot of accommodation and a price that thus equates to the paltry sum of £127 per square foot, it does indeed seem like a genuine bargain.
The selling agents comment: “The property is Grade II listed and has retained many charming period features, including exposed beams, paneling, feature windows and sandstone flags and stairs. This is a fascinating renovation project with a great deal of potential.”
Up-armoured Rolls-Royce used by the late Diana, Princess of Wales to be auctioned in Auburn, Indiana
A 1987 Rolls-Royce Silver Spur I commissioned by the British Foreign Office as part of the British Embassy vehicle pool in Washington D.C. that was used by Diana, Princess of Wales on two occasions is to be sold with an estimate of £35,000 to £42,000 ($45,000 to $55,000, €38,000 to €47,000 or درهم165,000 to درهم202,000).
The Balmoral Green with tan hide vehicle features laminated polycarbonate in place of glass windows, Kevlar and steel plate in the body, two Motorola mobile telephones and an exterior telecom (as the windows do not roll down). It has 60,300 miles on the clock and also has air conditioning and a working sunroof.
Used first by the then Princess of Wales on 4th October 1990, the car took her first to a Royal Gala to benefit the London City Ballet at the Department of Commerce in Washington, D.C. and then also to a home for HIV positive children, TERRIFIC, Inc.’s Grandma’s House®, in what was termed an “historic visit.”
Offered without reserve, the fully UK road legal vehicle – which was one of ten such models specially adapted by Belper, Derbyshire based Bowler Motorsport for the £186 million ($245 million, €208 million or درهم900 million) film starring Daniel Craig – has been driven just 145 miles and unlike its counterparts was only used in drive-by scenes.
Described as “worthy of a Bond villain” and upgraded from 120 bhp to 185 bhp and 500 Nm of torque, the ‘Spectre Defender’ offered also features huge 37-inch tyres, a full roll cage, rose joints and Bilstein rally dampers.
RM Sotheby’s will sell the Land Rover at their Battersea Park sale on 6th September.
Billionaire founder of Netscape has failed to sell his Palm Beach mansion in a year; it remains on the market for £105 million (or 754% more than he paid for it in 1999)
Four times married, a father of four and a collector of rather large gin palaces, Texan James H. Clark founded Netscape in 1994 and earnt $2 billion (the equivalent of $3 billion, £2.3 billion, €2.6 billion or درهم11 billion today) from that project when it was sold to AOL in 1998.
Clark paid just $11 million for a Palm Beach mansion named ‘Il Palmetto’ in 1999 (the equivalent of $16.2 million, £12.3 million €13.8 million or درهم59.5 million today) and spent four years renovating the 5.46-acre property. He placed it for sale for $137 million (£105 million, €117 million or درهم503 million) last August but has plainly failed to attract a buyer.
Built to the designs of the Swiss architect Maurice Fatio (1897 – 1943) as an “Italian Renaissance-style palazzo” in 1930, the house – which is also known as 1500 South Ocean Boulevard – is described by selling agents Sotheby’s International Realty as “without peer in Palm Beach.” The building was subjected to a four year renovation by Mr Clark, reportedly extends to around 44,200 square foot and aside from including 10 bedrooms, 14 full-bathrooms and 12 partial-bathrooms, also comes with a 20,000 bottle wine cellar and a second cellar for an additional 1,000 crates.
Architecturally “a series of pavilions connected by cloisters,” the main house is dominated by formal entertaining areas with 16th century carved ceilings and accessed from a private tunnel underneath the road is a 2-bedroom beach house with an infinity pool that “blends into the turquoise waters of the Atlantic Ocean.” To the other boundary, on Lake Worth, is a boathouse with motorised launches for two vessels and a 2-bedroom apartment above.
Grosvenor Square apartment for sale; it comes with access to a private residents’ ballroom and will appeal to any fan of ‘Strictly Come Dancing’
Built circa 1958 on the site of an earlier house damaged during the war, a ground floor apartment within 17 Grosvenor Square in London’s Mayfair has gone on sale for £3.75 million ($4.9 million, €4.2 million or درهم18.1 million).
Offered on a lease with 40 years remaining, the 1,481 square foot property includes not only an impressive 29-foot by 17-foot drawing room but also two bedrooms and two bathrooms. It does require but modernisation but comes with a bonus in the form of access to a private residents’ ballroom measuring 55-foot by 22-foot.
That space supposedly can accommodate upto 350 people for a cocktail party and though said to be “rarely used,” it certainly could be the perfect space for any fan of BBC One’s Strictly Come Dancing to practice the Samba.
Designer Reed Krakoff slashes the price of his Hamptons mansion; Jackie Kennedy Onassis spent her childhood summers there
A Hamptons mansion named Lasata – meaning: “Place of Peace” in Native American – where Jacqueline Bouvier (later Kennedy and later Kennedy Onassis) spent her childhood summers has recently been reduced in price from £41.5 million to £36.1 million.
121 Further Lane, East Hampton, New York, NY 11937, United States of America
Jacqueline Kennedy Onassis (1929 – 1994)
Reed and Delphine Krakoff – Mr Krakoff was at one time tipped as “the next Tom Ford” but reportedly “walked away” from his eponymous brand after supposed differences of vision for it with investors
Alternatively and more simply known as 121 Further Lane, the property concerned is situated in East Hampton and currently owned by the fashion designer Reed Krakoff and his wife Delphine. It extends to 8,500 square foot and includes 10 bedrooms and 10 bathrooms and stands on a plot of 11.54 acres.
Two blocks from the Atlantic Ocean and three blocks from the Maidstone Club, Lasata was built in 1917 to the designs of Arthur Jackson and bought by Jackie Bouvier’s paternal grandfather, John Vernou Bouvier Jr. (AKA ‘The Major’), in 1935. The future President’s wife is said to have learnt to ride there and aged ten, wrote a poem about her time at the estate:
When I go down to the sandy shore
I can think of nothing I want more
Than to live by the booming blue sea
As the seagulls flutter around about me
I can run about when the tide is out
With the wind and the sea all about
And the seagulls are swirling and diving for fish
Oh-to live by the sea is my only wish
The Arts and Crafts style property was subsequently sold and most recently bought by Mr and Mrs Krakoff for £15.3 million in 2007. The pair – whose other homes have variously included residences in Paris, New York’s Upper East Side and the former New Canaan, Connecticut residence of the eccentric recluse Huguette Clark – carried out extensive renovations and are said to be selling in order to move to a more contemporary beachfront Hamptons property.
North Yorkshire mill conversion with 120-foot chimney and cast iron water wheel for sale for £975,000
A converted mill in the Yorkshire Dales National Park has gone on sale for £975,000 ($1.3 million, €1.1 million or درهم4.7 million). It has not only its original 120-foot chimney still in-situ but also an original cast iron water wheel.
Spindle Mill near Embsay was built circa 1820 and now provides a 6 bedroomed family home, two adjoining cottages and various outbuildings. It stands in walled gardens and enjoys long distance views.
Agents Harrison Boothman have the listing and describe the property as: “Imaginatively planned” and “set amidst beautiful open countryside.”
