Tag Archives: Monaco

monaco invest properties palace magazine

Invest in Monaco: A tax haven along the Mediterranean Sea

“If you have ever lived in Monaco, you don’t want to live anywhere else”, says Angela Kleiber, Proprietor at Lorenza von Stein Worldwide Realty based in Monaco. As one of the world’s luxury capitals and the second most expensive location in the world after Hong Kong, Monaco has plenty of appeal to attract the interests of the ultra-high-net-worth individuals from around the globe. Accounting for 2% of global luxury real estate – a substantial number considering that Monaco is the second smallest country in the world – the country is known for the elegant, upscale lifestyle of its residents, a mild Mediterranean climate and an advantageous location close to Portofino, directly on the Italian Riviera coastline, and St. Tropez.

Having taken a hit during the global recession, the real estate market in Monaco has seen steady growth in the more recent years. Property experts agree that Monaco has been a buyer’s market since 2009/2010 due to the increasing number of properties for sale and the prices offered and accepted. Currently, the market is stabilising and the owners are getting the upper hand again, as prices are becoming more steady and negotiation margins are minimised.

“Properties peaked in 2009, but there has been a recent further increase in prices”, says Mike Braunholtz, CEO of Prestige Property Group. “The property investment in 2004 would result in a doubling or tripling of the property price”.

Widely known as a property tax haven for its residents, with fairly easy requirements to obtain residency in the principality, Monaco has maintained its status as one of the top countries to live in for the ultra-high-net-worth individuals who work in other countries, while maintaining their residence in Monaco. “There has been a very significant rise in the number of properties in Monaco since 2004/2005”, says Braunholtz. “The rise in prices has been driven by the no-tax incentive”.

Taking note of the international tastes, developers have begun to cater to the global elite by building upwards: a major amount of new builds over the last several years comprised stunning new skyscraper residential blocks that contributed to a total of EUR 345 million (USD 387.2 million) in new build sales in 2015, the highest figure since 2006. Tour Odéon, Monaco’s first skyscraper since the 1980’s, is now the country’s tallest building and home to the world’s most expensive apartment, offering fully-serviced living, hotel-style perks and breath-taking views of the Mediterranean Sea and the beautiful principality of Monaco.

A particular area of Monaco that has always drawn plenty of interest from various buyers is the prime residential real estate market of Monte Carlo. With its famous casino, built in 1863, its gardens, and business and luxury shopping enclaves, the boutique-lined area around the Casino Gardens, Carre d’Or, in the centre of Monte Carlo has been particularly popular with high net worth buyers. Kleiber says, “The price difference is amazingly different in Monaco, depending on where you buy. If you choose to buy in the Carre d’Or, it is much more expensive, but it is a perfect investment because it is the highly desirable area around the casino”.

On the market

Penthouse in Monte Carlo, Prestige property Group

In close proximity to the Exotic Garden of Monte Carlo and the Prince’s Palace of Monaco, the spacious, luxuriously appointed penthouse located at the top of a low-rise building provides a welcoming home in the heart of the city. The apartment sprawls across the seventh and the eighth floors of the building, with the seventh floor accommodating an entrance hall, double sitting room, kitchen, 3 bedrooms and 3 bathrooms and the eighth floor featuring another sitting room, a solarium and a large terrace with a Jacuzzi overlooking Monaco and the sea.

Price: EUR 11,500,000 (approx. USD 12.9 million) more info on prestigeproperty.co.uk

monaco invest properties palace magazine

Penthouse in Monte Carlo terrace

Villas del Sole, Lorenza von Stein Luxury Real Estate

A classically inspired 5-bedroom apartment overlooking the sea and the mountains, offers the best in Monaco living, sitting on its own floor of the exclusive Villas del Sole. Situated within walking distance of the Monte Carlo Country Club, the apartment building features a swimming pool and an exclusive, round the clock concierge service. Among its facilities and amenities, the 5-bedroom, 5 bathrooms, 2 cellar apartment’s most impressive feature is its spacious, wrap-around outdoor terrace that offers some of the most breath-taking views of Monte Carlo and the Mediterranean Sea.

Price: prices range from EUR 24,000,000 (approx. USD 27 million) more info on lorenzavonstein.com

monaco invest properties palace magazine

Villas del Sole interior

Text by Olha Romaniuk

This story was first published in Palace Magazine

 

Most expensive houses in the world: 5 residential streets only the richest can afford

Having an exclusive postal code is certainly desirable but being on the right street in the right city adds weight to the tried and tested mantra in property investment: location, location, location. From Hong Kong to Miami and the French Rivera, we take a look at the top five most expensive residential streets in the world.

1) Peak Road, The Peak, Hong Kong

Nestled amidst the greenery of Hong Kong’s Victoria Peak, Peak Road tops our list as the most expensive residential street in the world. Located at the summit of Hong Kong Island, properties along this prestigious address not only offer panoramic views of Victoria Harbour and the Hong Kong city skyline, but also provide a respite away from the hustle and bustle of the city. Just 15-minutes away from Central, properties on Peak Road average at $10,591 per sq. ft. Records were set for the Hong Kong property market when the 124,000 sq. ft. 75 Peak Road sold for HKD 5.1 billion ($657.7 million) last year.

2) Kensington Palace Gardens, London

London’s ‘Billionaire Row’ is a private, mansion-lined street that is home to the ultra-wealthy and various foreign embassies. Located next to Kensington Palace, average property values; though available properties are rare, cost GBP 42.6 million ($55.19 million). The most expensive property was a 16,500-sq. ft. mansion that sold for GBP 80 million ($124.23 million) to tycoon Wang Jianlin.istock_13481081_medium

3) Avenue Princesse Grace, Monaco

Situated in the glitzy city of Monaco, the Avenue Princesse Grâce, named after Hollywood legend Grace Kelly, is the most exclusive and expensive street in this tiny principality. Home to lavish seafront residences selling for $7,990 per square foot, the palm-tree-lined avenue has a slew of notable residents such as Andrea Bocelli, Lewis Hamilton, Roger Moore, and Helena Christensen. However, due to finite space, apartments and properties on the street are currently only available for rent.

4) Indian Creek Island Road, Biscayne Bay, Miami

Located in the exclusive island village of Indian Creek, Miami’s ‘Billionaire Bunker’ is the most expensive residential street in America, where massive waterfront estates average at a hefty $21.48 million. The 294-acre island consists of just 35 estates bordering a private 18-hole golf course, and is heavily protected by its own security force which guards all amenities. The most expensive property was sold for $47 million to a Russian buyer and boasts 13-bedrooms, a 3D theater, and a 7-limo garage!

5) Boulevard du General de Gaulle, Saint Jean Cap Ferrat

Boasting spectacular views of the Mediterranean Côte d’Azur, Boulevard du Général de Gaulle is one of the priciest streets along the French Riviera, with luxurious beachfront villas costing $79,000 per sq. m. (USD 7,339.35 per sq. ft). Located in the prestigious Cap Ferrat (above), the boulevard is also home to iconic hotels such as the Grand-Hôtel du Cap-Ferrat.

This article was first published in Palace Magazine. Palace Magazine is published by Lux-Inc.

Le Palais Bulles

Invest in These: 4 Most Expensive Homes

Forget those expensive cars that would turn heads on the road. The Palace team picks out four of the most expensive homes from around the world that you can add to your property portfolio. We’re be adding a little more depth to each item here now that we are no longer constrained by print pages.

Le Palais Bulles, France $456 million (Main Picture)
Located in Théoule-sur-Mer, South-eastern France, this ‘Bubble Palace’ by Hungarian architect Antti Lovag features a 13,000 sq. ft. main residence with 10 bedroom suites, three swimming pools, a 500-seat auditorium, and views of the Mediterranean. If you must ask, even after taking a good long look at the place, the bubble palace is like a tribute to round shapes and is owned by Pierre Cardin. Fashion legend Cardin is of course famous for the bubble dress so there is a correlation to his choice of design for his home, and indeed his choice of architect in Lovag. A man who famously believed that the straight line was “an aggression against nature,” Lovag was just to guy to hire if you wanted a home or building that was mainly round. Built in 1979 and owned by Cardin since then, this six-level property has hosted many star-studded events, including the 2016 Dior Resort Show, and is available through Christie’s.

Sky Penthouse, Monaco $400 millionSky Penthouse, Monaco

Providing stunning views of the Mediterranean, this massive 35,500 sq. ft. Sky Penthouse crowns the Tour Odéon, a 170-meter twin-skyscraper residence that is the first high-rise to be built in Monaco since the 1980s. High-rises were deemed architecturally undesirable in the 1980s and this new effort has encountered some of the same obstacles. Nevertheless, Prince Albert appears quite prepared to see it through so it will indeed become a major landmark in the famously land-scarce city-state. The Tour Odéon or Odeon Tower will be the tallest building in Monaco and the second highest on the Mediterranean. Located near the Place du Casino, Hôtel de Paris and Hôtel Hermitage, the home includes a cinema, library, gym and a infinity pool with a waterslide. Scheduled for 2018 completion, the home – the Daily Mail called it the world’s most expensive apartment – is available through Knight Frank.

Great Island, U.S.A $175 million001_greatisland

Tucked in the affluent Darien suburb of the Long Island Sound, this 63-acre estate, owned by the family of industrialist William Ziegler, is one of the most expensive properties in the US. In fact, according to the Wall Street Journal, if sold for its list price of $175 million, it will officially be the most expensive home sold in the USA. This stunning opportunity is apparently now available for the first time in more than a century. Built in the 1900s, the property includes a main residence with six bedrooms, staff and guest quarters, a private beach and dock, small waterfront cottages, and equestrian facilities. An hour from Manhattan, the property provides superb waterfront views and is available through Christie’s.

Palazzo di Amore, U.S.A $149 millionpalazzo-di-amore

Designed by developer Mohamed Hadid (father of supermodel Gigi Hadid), this 25-acre property in Beverly Hills features a 35,000 sq. ft. main residence and a guest home. This one was originally listed for $195 million in 2014 by current owner, real estate investor Jeff Greene so the current price might be considered a steal. The main residence features 12 bedrooms – including the 5,000 sqf master – and a whopping 23 bathrooms. The estate also includes a 15,000 sq. ft. entertainment complex with a ballroom, revolving dance floor, a 50-seat theatre, and a bowling alley. There is also a 27-car garage, a working vineyard producing six types of wine, and even an organic farm. Available through Coldwell Banker Previews International.

This article first appeared in Palace Magazine.

Spa Metropole by Givenchy Opens Monaco

Spa Metropole by Givenchy in Monaco will offer a top-shelf experience when it opens its doors late February 2017 in a setting well suited to the fashion firm’s own boutiques. Situated at the Hotel Metropole Monte-Carlo, the location is of course nothing less than superlative, with an amazing view of the Mediterranean Sea and the casino just a leisurely stroll away.

The Givenchy Spa philosophy relies on the selection of exclusive venues and handpicked staff promising to deliver personalized and indulgent treatments. Other Givenchy Spa venues such as Hotel Sahrai at Fez, Morocco and Le Mirador Resort & Spa at Montreux, Switzerland, are designed to match the particularities of their host hotels whilst maintaining the Givenchy DNA. For its first spa in Monaco, Givenchy Spa worked with renowned architect Didier Gomez to design an opulent environment for clients to fully immerse in an inviting Givenchy experience.

Hotel Metropole Monte-Carlo is a contemporary palace built during the Belle Epoque era and opened in 1889. It was subsequently spruced up for the 21st century by French designer Jacques Garcia in 2004. Needless to say, the hotel promises to please its guests with peak refinement, a principle that aligns with the Givenchy philosophy.

When you are done with your spa experience, you can visit one of three amazing restaurants by Joël Robuchon and Christophe Cussac committed to delivering unforgettable gastronomical experiences. Choose between the two-Michelin-starred Restaurant Joël Robuchon Monte-Carlo, traditional Japanese cuisine the Gomez-designed “Yoshi”, or “Odyssey” (with haute couture decor by Karl Lagerfeld) for light, seasonal Mediterranean treats by the poolside.

To find out more about the Spa Metropole by Givenchy, visit Hotel Metropole.

Mercedes Unveils ARROW460-Granturismo Yacht Design

You may recall that Mercedes-Benz announced the launch of its very own yacht back in April. At the Monaco Yacht Show, the car company unveiled the final design for the ARROW460-Granturismo and it is set to command a name for the brand at sea as it does on land.

The result of a collaboration between Mercedes and Silver Arrows Marine, the ARROW460-Granturismo promises unrivalled comfort with sports performance. The yacht’s luxurious interior offers creature comforts for up to 10 passengers, which is impressive considering that it is only 14 meters. The interior is trimmed with eucalyptus wood that has been treated so that its grain follows the contours of the cabin and the floor, finished in a sustainable composite material. Wraparound windows can slide open to invite a generous amount of light in. The windows can even be tinted or clarified with the simple touch of a button.mercedes-granturismo-yacht-interior

“By blending the maritime and automotive world with their respective design idioms, technologies and ideas we have created a new standard for motor yachts,” said Ron Gibbs, Chairman of Silver Arrows Marine. “[It] blends maritime engineering artistry with charismatic design and perfect elegance, familiar from the world of Mercedes-Benz.”

Majesty 155 At Monaco Yacht Show 2016

With the Monaco Yacht Show underway, numerous manufacturers are showcasing their wonderful creations and Gulf Craft is no exception. The company is proud to showcase the Majesty 155, the largest superyacht built in the Emirates.

Having made its European debut at the Cannes Yachting Festival, the superyacht travelled to Monaco for yet another boat show that is expected to be just as successful. At 47 meters, there is little chance of mistaking this as anything but luxurious! On board, the superyacht is fitted with a fountain, beach club, waterfall that cascades from the rear sundeck and even a Jacuzzi on the upper deck.

As an award winning yacht-manufacturer, Gulf Craft has produced numerous premium range yachts that vary in size. Incorporating advanced technology with each client’s specific needs, Gulf Craft is set to dominate the world of on-water living.

SINGAPORE RENDEZVOUS: Win A Round Trip To Monaco

Care to take a trip to one of the most luxurious countries in Europe? Well the SINGAPORE RENDEZVOUS has just welcomed a new partner for its inaugural event who will make this dream come true. Thanks to the Monaco Government Tourist Bureau (MGTB) one lucky couple will stand a chance to enjoy “The High-Flying Jetsetter Monaco Experience”. The round trip will offer a glimpse into Monaco, famous for its grandeur and elegance, with a once-in-a-lifetime experience.

Maserati Quattro Porte

Maserati Quattroporte

From October 20 to 23, visitors to Raffles Marina will just have to answer three simple questions about Monaco to live like a king. Armed with two return Business Class tickets, the couple will begin their journey in style with Turkish Airlines, before reaching Nice Cote d’Azur International Airport. From there they will be whisked away in a Maserati Quattroporte to Monaco.

Hôtel Hermitage Monte Carlo

Hôtel Hermitage Monte Carlo

There begins a three-day, two-night stay at Hôtel Hermitage Monte Carlo where they will enjoy a Suite. During the trip, guests will also be treated to an exclusive private tour of the world famous wine cellar at Hôtel de Paris (normally not open to the public). Another highlight of the package happens to be a chance for the couple to enjoy wining and dining experiences. While they are able to extend the duration of their stay at the hotel — at their own expense — guests can look forward to a helicopter transfer from Monaco to Nice, from where they will travel back to Singapore.

exclusive private tour of the world famous wine cellar at Hôtel de Paris

Exclusive private tour of the world famous wine cellar at Hôtel de Paris

“It is often said that Singapore has established itself as the Monaco of Asia, where it incarnates excellence and success in all facets of its society,” said Benoit Badufle, Managing Director of Monaco Government Tourist Bureau Asia Office. “Indeed, many features which were created and nurtured in Monaco (the concept of “integrated resort”, the Formula 1 Grand Prix, the superyachts, the unmatched gourmet scene and being a magnet for world-class talents) have been embraced with resounding success here in Singapore.”

More info on Singapore Rendezvous website

This story is also available in Bahasa Indonesia. Read it here: SINGAPORE RENDEZVOUS: Menangkan Perjalanan Pulang-Pergi ke Monako

Monaco Grand Prix on Chinese Time with TAG Heuer

As if it wasn’t a star-studded enough event, TAG Heuer invited two Chinese superstars, rock-pop singer G.E.M. and actor Li Yifeng, to attend the prestigious Formula 1 Monaco Grand Prix this year.

Both personalities boast millions of followers in their home country, and accompanied by the Chinese media, had the privilege of not only watching the race, but also to be greeted by the Ambassador of Monaco to China, Catherine Fautrier at the Prince’s Palace of Monaco for a private tour.

Monaco Formula One Grand Prix

As the world’s second largest economy, China passed the symbolic threshold of 300 billionaires this year, the average wealth of the 1,000 richest Chinese starting at $1.04 billion. Monaco has been keen on strengthening diplomatic relations, as seen from the appointment of ambassadors from both sides in 2006 and the construction of a Monaco pavilion within the World Expo 2010 in Shanghai. Earlier this year, Monaco reciprocated with the first-ever Chinese Festival in Monaco.

TAG Heuer and the F1 Grand Prix have had a long history, and great success. Stellar drivers such as Kimi Räikkönen, Fernando Alonso, and Lewis Hamilton are but a few TAG Heuer ambassadors who have taken the chequered flag. This year, the Swiss watch firm continues its legacy with Formula 1 by unveiling three new TAG Heuer watches at a world-exclusive launch in Monaco:

Red Bull Watch

CAZ1018.FC8213 THF1 SPECIAL EDITION RED BULL TEXTILE STRAP - PACKSHOT 2016

Bearing the team’s colors – midnight blue and red – the steel quartz chronograph reflects the DNA of TAG Heuer’s association with Formula 1 with a bezel sporting a tachymeter scale in matte blue aluminum. The special edition is available in two versions: a stainless steel bracelet or textile strap with red stitching, inspired by the racing car’s seat belts. Like every motor racing watch worth its salt, the quartz chronograph movement is accurate to a tenth of a second, and is displayed on the counter at 6 o’clock. Meanwhile, the symbolic black and white chequered flag of Formula 1 is engraved at the back of the case, together with the prestigious Red Bull Racing Team logo.

Specs

  • Dimensions: 43 mm
  • Functions: Hours, minutes, date, 1/10 second counter, chronograph hour counter, chronograph minute counter, running seconds counter
  • Movement: Ronda 5040D – Quartz chronograph
  • Water resistance: 200 meters
  • Strap: Triple-row brushed steel bracelet with brushed steel clasp, dual safety mechanism and extension for the motor races, or blue strap made from technical textile with red stitching.
Tag Heuer Connected in 18K Rose Gold

Barenia brun - or rose - chrono noir

Bearing the name of a luxury watchmaker with more than a century of history while innovating with smartwatches is no easy feat, but you’d be hard pressed to find fault with the latest upgrade for this smartwatch offering. For this special edition, Tag Heuer swapped the usual titanium for a more luxurious rose gold one. The latest lithium battery powers the water-resistant device and a sapphire crystal touchscreen ensures it stays scratch-free. While the watch comes with the same two-year standard warranty TAG Heuer offers its usual Connected Watches, customers have the option of exchanging the smartwatch for a mechanical watch should they decide to go old school.

Aquaracer 300M

WAY201A.BA0927 AQRC CALIBRE 5 BLACK CERAMIC - PR VIEW 2016

A sports chronograph first designed to meet the extreme requirements of professional water sportsmen, the Aquaracer is now an icon of TAG Heuer’s and has been reiterated countless times, each looking to better its predecessor. Aesthetic changes include engraved silver lacquer numerals on the ceramic bezel, as well as a bigger case, enlarged from 41mm to 43mm. Inside, the Calibre 5 automatic mechanical movement powers the timepiece with the promise of accuracy and reliability, and coupled with its 300m water-resistance, makes this robust timepiece the perfect companion for all kinds of extreme conditions.

Specs

  • Dimensions: 43 mm
  • Functions: Hours, minutes, seconds, date
  • Movement: TAG Heuer Automatic Calibre 5
  • Power Reserve: 38 hours
  • Water resistance: 300 meters
  • Strap: 3-row polished and satin-finished steel, with polished steel deployant buckle, safety push-buttons and diving extension

 

 

Focus: Interior Designers Humbert & Poyet

The Humbert & Poyet-designed deli and wine cellar at Monaco’s Yacht Club is a welcome update to a facility in a building designed by Sir Norman Foster. The establishment serves fine food, while the adjoining wine cellar is said to be among the best in Europe; Humbert & Poyet’s very refined interior could not have found a better place.

Humbert & Poyet_-Wine-Palace-8312_retoucheFA

Emil Humbert and Christophe Poyet were design and fashion enthusiasts who decided to pool their skills to provide a full range of services from construction to interior design. They both studied in Paris, the former as a state-qualified architect (Paris-Belleville National School of Architecture graduate) and the latter as a CFAI interior designer (Académie Charpentier graduate).

In autumn of 2007, Parisian Emil Humbert opened his architecture firm, and Monegasque Christophe Poyet had just graduated. A year after they met, they founded their practice: “It was natural, I instantly knew we’d work together,” says Humbert.

BEEFBAR HONG KONG credit Jonathan Maloney (5) (1)

Their projects focus on elegant and meticulous designs to create timeless spaces using premium materials such as stone, wood and bronze. Naturally, the most important thing is to reflect the client’s personality and respect the soul of the site. The Monaco concept store borrows from luxury merchandising for showcasing its premium products. The maritime metaphor is never far away with the choice of materials that are deliciously reminiscent of ferries’ low-key luxury in the 1930s.

H-P-Wine-Palace-8258_retoucheFA

The décor features opulent wood in a variety of natural, black and ash oak paved with bronze for a modern twist serving as a showcase for the 2,300 bottles displayed on the ground floor. (The grands crus are tucked away from prying eyes behind a glass and bronze door.) The space gives pride of place to Humbert and Poyet’s signature quality materials with black marble inlaid flooring, Versailles parquet and copper inserts.

H-P-Cabanon-La-Mer-Veille-8474_retoucheFA

Serious food lovers are invited onto the top deck to settle into a gentlemen’s club-style tasting area with burgundy leather banquettes to sample incredible products. A private lounge opens onto a lush terrace with eye-catching, colourful furniture and fabulous views of the yachts and Prince’s Palace.

H-P-Cabanon-La-Mer-Veille-8513_retoucheFA

From the time they got together as a design team, Humbert and Poyet put their stamp on public work sites with their expert choice of materials, lighting design or their ability to showcase a space and set the scene for the client to take center-stage. “We communicate constantly throughout a project. Our symbiosis forms the foundations of our projects and ensures the space that we’ve imagined works,” Poyet says. If proofs are ever necessary, the Monaco Yacht Club should do the job.

View more of the duo’s work at www.humbertpoyet.com.

This article was originally published in FORM Magazine.

Ferrari 275 NART Spider Most Expensive at Auction?

There were only 10 of these made, and the last time one of them came up, it fetched $27.9 million. The Ferrari 275 GTS/4 NART Spider could easily make it to the top 10 list of most expensive cars auctioned, once bidding starts on May 14 at the biennial RM Sotheby’s Monaco auction. Sotheby’s already set it up with a very conservative €19 million ($21 million) estimate.

For that matter, the most expensive car auctioned happens to be a Ferrari 250 GTO ($38,098,927), and with the exception of Fangio’s 1954 Mercedes-Benz W196 F1 car (third place, $30,069,371), the rest of the top 10 are all Ferraris. Classic Ferraris are gaining value in the field to the point that models built as recently as the mid-1990s are starting to see some healthy appreciation. Will this be the point where the bubble is primed to burst? Either way, the NART Spider’s sleek styling and performance aims to at least ensure some kind of record.

Ferrari-NART-Spider-Interior-Auction

The car represents a combination of Italian engineering and American ingenuity. US Ferrari importer and race team owner Luigi Chinetti pitched the idea of a roofless take of the 274 GTB/4 to Enzo Ferrari himself, exclusive to the US market and each carrying Chinetti’s NART (North American Racing Team) badge. Due to the overwhelming expenses, production only stopped at 10.

“It is a privilege to present this NART Spider,” said Rob Myers, Chairman and CEO, RM Sotheby’s “Its offering at auction is such an extraordinary event. Ownership of a NART Spider represents membership in a club of only nine other enthusiasts around the world. If a Ferrari is the choice of car connoisseurs, then the NART Spider is the choice of Ferrari connoisseurs.”

Come May, whoever gets their hands on the tasteful red sheen and elegant form of the NART Spider, will surely have something worth bragging about.

Baccarat Lustre Marie Coquine

Baccarat is Exhibiting at the 24th Monaco Yacht Show

Baccarat Lustre Fibre de Cristal

Crystal house  is turning captain with a special boat-themed exhibition of its dazzling creations at the Monaco Yacht Show this fall.

The prestigious French crystal maker, which celebrates its 250th anniversary this year, will present its pieces against a new backdrop specifically dedicated to yacht decoration.

SEE ALSO: VIDEO : LEGENDARY STORIES BY BACCARAT

Beyond Crystal by Baccarat

The collections on display will include the new “Beyond Crystal” series of bathroom elements by Rémi Tessier, showcasing the collaboration between Baccarat and the upmarket faucets and accessories manufacturer THG.

Baccarat has a long history with the yachting world and its designs have adorned the boats of stars from the Duke of Windsor to Aristotle Onassis.

The crystal house was founded in 1764 by permission of King Louis XV and has since become a symbol of superb craftsmanship.

monaco yacht show photo

Considered the most prestigious pleasure boat show in the world, the  will feature 500 major exhibitor companies and 100 super- and mega-yachts afloat. It runs September 24-27.

Monaco Odeon Tower penthouse

The $390 million Tour Odeon penthouse in Monaco

Monaco Odeon Tower penthouse

A multi-storey penthouse in Monaco could become the world’s most expensive property per square metre when it comes onto the market next year.

The luxury penthouse is located in Tour Odéon, a 170m (560ft) tower which will be the Mediterranean coastline’s second tallest building when it is completed next year.

Tour Odéon is the first new skyscraper to have been built in Monaco since the 1980s. It will include 70 luxury apartments, including the five-storey penthouse that costs $360 million alone.

As well as being equipped with a health centre, multiple swimming pools and an in-house caterer, the building will offer its residents a 24/7 concierge service and a private chauffeur.

But the penthouse is set to stand out even in the midst of such extreme luxury, with its slide which descends from the balcony into the infinity pool making it a veritable millionaire’s playground.

Source: Propgoluxury via Dailymail

Monaco Odeon Tower

Monaco Prince Palace panorama

Louis Vuitton to show resort collection in Monaco

Monaco Prince Palace

The luxury fashion house has just announced that it will show its first ever runway show for its cruise collection in Monaco next week.

Hosted by Prince Albert and Princess Charlene of Monaco at the Prince’s Palace on May 17, this will be the second runway show for new  creative director Nicolas Ghesqiuère, and the first time the brand has shown resort on the catwalk.

The Louis Vuitton cruise fashion show will broadcast live on May 17 at 19h on louisvuitton.com.

Hublot monochrome gold watch

Hublot presents monochrome gold watch in Monaco

Swiss luxury watch brand Hublot collaborated with Monaco-based jewelers Zegg & Cerlati to create the “Big Bang Hublot Zegg & Cerlati Yellow Gold,” a chronograph made almost entirely of 18K yellow gold.

big bang yellow gold

Officially presented at the Monte Carlo Christmas Ball in Monaco, this stunning timepiece has a self-winding mechanical chronograph movement with date indicator and a 42-hour power reserve.

Its 44mm case, bezel, crown, side buttons and dial are all made from 18K yellow gold, and it is worn on a matching gold calfskin strap with an 18K folding clasp.

The limited edition “Big Bang Hublot Zegg & Cerlati Yellow Gold” watch is available exclusively through Zegg & Cerlati’s boutiques in Monte Carlo, Ischgl (Austria) and Samnaun (Switzerland). Only 50 of the watches will be produced.

TAG Heuer for Automobile Club de Monaco

TAG Heuer Monaco for Automobile Club de Monaco

TAG Heuer for Automobile Club de Monaco

This year Tag Heuer celebrates its long standing partnership with the Automobile Club de Monaco (ACM) with another special edition Monaco (there was an ACM Monaco one last year as well).

The Monaco Calibre 12 Chronograph Automobile Club de Monaco Black Edition has a 39mm square steel case that is PVD finished for the black look.

The watch has TAG’s automatic mechanical chronograph caliber 12 (ETA 2892 with DD chrono module). The Monaco AMC comes on a black perforated leather strap with an orange “sahara” lining and a steel folding clasp.

The watch was officially announced at the Monaco Grand Prix last week and is now available worldwide exclusively in TAG Heuer boutiques, priced at $8,200.

Source: Perpetuelles – More specs at TAG Heuer

monaco

Monaco decides to expand into sea

Monaco Monte Carlo

Monaco plans to expand its tiny territory by building a six hectare peninsula into the Mediterranean, the city-state’s monarch Prince Albert announced Friday.

“I have decided to launch an extension into the sea to the east of the principality after having studied various proposals since 2008,” Albert said in an interview in the daily Monaco Matin.

The affluent city-state of 2 square kilometres has already extensively used land reclamation as its casino and its policy of no income tax on individuals has attracted the world’s wealthy.

The project is to be located near the Grimaldi Forum congress centre, and at up to 6 hectares (14 acres), would add 3 percent to the city-state’s territory.

At the end of 2008 Monaco abandoned plans for a 12 hectare land reclamation project that would have provided residential space for 3,000 people.

The global financial crisis was the reason cited behind the move, but it would have also likely faced fierce opposition from environmental groups due to its proximity to a marine reserve.

“I will pay particular attention to ensure the project respects the strict environmental rules that I will impose, during the construction as well as during the use of the new surfaces created,” said Albert.

Monaco Monte Carlo

Where you’ll find the most expensive hotel rooms

Monaco Monte Carlo

If you’re looking to travel to Monte Carlo, brace yourself and your pocketbook as average hotel prices in 2012 were highest in the Monegasque capital and lowest in Cambodia’s Phnom Penh.

In the ninth edition of hotels.com’s annual Hotel Price Index, which reviewed global hotel prices during 2012, the capital of Monaco topped the list of destinations with the highest average hotel prices last year, experiencing a six percent price hike from £189 (€220) in 2011 to £200 (€230) in 2012.

Looking for a cheap vacation? At the other end of the spectrum, the average hotel price for a room in Phnom Penh, Cambodia clocked in at £40 (€46).

Meanwhile, globally, guests around the world paid three percent more for their hotel rooms compared to 2011, the report points out.

In what could be construed as a harbinger for areas of growth, the index also charts the biggest percentage price rises in 2012 and found that hotel prices in Sharm El Sheikh, Egypt skyrocketed 34 percent over 2011, from £69 (€80) to £92 (€107).

Rounding out the cities that experienced the biggest percentage price hikes between 2011and 2012 are Perth, Australia; San Francisco, California; Orlando, Florida; and Siem Reap in Cambodia.

The report looked at the prices of more than 155,000 properties around the world.

The 10 destinations where average hotel prices were steepest during 2012:

1. Monte Carlo, Monaco – £200
2. Muscat (capital of Oman) – £188
3. New York – £179
4. Rio de Janeiro – £177
5. Moscow – £160
6. Geneva – £159
7. Key West – £154
8. Boston – £151
9. Cannes – £149
10. Perth – £142

The 10 destinations with the lowest average hotel prices during 2012

1.Phnom Penh, Cambodia – £40
2.Pattaya, Thailand, Cambodia – £48
3.Hanoi, Vietnam – £49
4.Siem Reap, Cambodia – £51
5.Chiang Mai, Thailand – £53
6.Vilnius, Lithuania – £53
7.Riga, Latvia – £54
8.Ho Chi Minh City, Vietnam – £59
9.Krakow, Poland – £61
10. Bangkok, Thailand – £61

monaco yachtshow

Monaco Yacht Show 2012

Monaco-Yacht-Show-2012

One of the most important events in the super yacht calendar, The Monaco Yacht Show kicks off on September 19 and runs until September 22.

The 22nd edition of the Monaco Yacht Show is showcasing a fleet of 103 superyachts for four days, turning the Port Hercules marina into the host for some of the world’s biggest and most luxurious vessels. The latest designs and constructions will be seen by more than 28,000 visitors including industry experts.
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Charlotte Casiraghi second Gucci campaign

Charlotte Casiraghi’s second Gucci campaign

Charlotte Casiraghi second Gucci campaign

Italian fashion house Gucci has presented the second “Forever Now” campaign featuring Princess of Monaco Charlotte Casiraghi, daughter of Caroline of Monaco.

This new campaign shot in black and white by famous photographers Inez van Lamsweerde & Vinoodh Matadin celebrates Gucci’s equestrian heritage.
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