NY condos trounce co-ops, record-price art cynicism and restaurants with a view - Spear's Magazine

NY condos trounce co-ops, record-price art cynicism and restaurants with a view

In the best of Spear’s last week, Manhattan condos overtake draconian co-ops, the sale of the most expensive painting ever is met with cynicism and Emily Rookwood tours some of London’s top restaurants with a view

1. $100 million Manhattan condos are sending draconian co-ops packing

The toniest of Manhattan co-ops have become the victims of their own extreme exclusivity. High time they learnt something from the more open-minded luxury condominium market, says Josh Spero

Read more on property from Spear’s

2. Where do the world’s youngest millionaires live?

Are UK High-Net-Worths making millions more rapidly than their counterparts in other countries? Today, Spear’s reveals the average age of global millionaires and multimillionaires, in association with leading wealth consultancy company WealthInsight.

expensive art

Pictured above: Francis Bacon’s Three Studies of Lucian Freud

3. Sale of most expensive painting ever met with art world cynicism

Francis Bacon’s Three Studies of Lucian Freud fetched $142 million at Christie’s New York last night. The sale itself, of Post-War and Contemporary art, took $692 million. All this fails to impress the art world, says Josh Spero

Read more on art and collecting from Spear’s

4. Emily Rookwood checks out London’s best restaurants with a view

Some restaurants are worth visiting just for their stunning scenery. Emily Rookwood takes a tour of The Magazine, Hutong and Galvin at Windows

restaurants with a view

Pictured above: The Magazine at Serpentine’s Sackler Gallery

5. Will this be the most expensive tutor ever?

This job spec certainly trumps Chris Martin and Gwyneth Paltrow’s £62,000 quest to find a supertutor for their little ones. It’s definitely not for children, though


And the best of the blogs:

Young keen on philanthropy, but clueless, as exhibition on charity and the City launches

Recent research by Populus shows that seven in ten 18-24 year olds like the idea of philanthropy if it costs them £2 a day, says Matilda Treverton-Jones

Read more on philanthropy from Spear’s


Tax avoidance campaigner writes to Queen as Financial Secrecy Index released, showing UK still haven on earth

An anti-tax avoidance campaigner has complained to Her Majesty that Britain’s Overseas Territories and Crown Dependencies are blackening Britain’s reputation, reports Josh Spero

Downton Abbey Bill

Noble daughters celebrate as Downton Abbey bill makes inheritance of titles more likely

The proposed changes would enable the current title holder to make an election that his eldest daughter should succeed to the title in place of a younger son or more distant male relative

Read more on inheritance and wills from Spear’s

Read more from Spear’s Monday Catch-Up