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10 Things to Do in Georgetown this Holiday Season
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Real Estate: eBay Billionaire Buys Compound Just Outside D.C.
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December Auction Block
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McEnearney Associates Joins Corcoran Group
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November 2024 Realty Review
New Condos in Georgetown
November 7, 2013
•While future condominiums’ designs are debated, here are some in and around town that are selling now or are about to be.
1045 Wisconsin Ave.
Developer: EastBanc has broken ground
Expected Completion: mid-2014.
Units: 8
Unit Sizes: 3,000 to 4,000 sq. ft. at the site on the Misc.: ground level retail, a green roof and below-grade parking
2251 Wisconsin Ave.
Developer: Altus Realty, Chesapeake Realty Partners and Ellisdale Construction
Expected Completion: Late 2014
Units: 81
Unit Sizes: Unknown
Misc: The $39-million project will revamp the building occupied by the Washington Sports Club and Glover Park Hardware and put up a second building on what is now a parking lot.
Adams Mason House
Expected Completion: Late 2013
Units: 10
Misc: One, two and three-bedroom condos, as well as approximately 3,500 square feet of office or retail space.
1072 Thomas Jefferson St., NW.
Foxhall Ridge
Developer: Duball LLC, Buvermo Properties and Stanley Martin Companies LLC
Expected Completion: Complete
Units: 34
Unit Sizes: 2,100 – 3,500 sq. ft.
Misc: Townhomes, $1.5M – $1.9M
MacArthur Boulvard between Foxhall Road and Q Street, NW.
Key Bridge Exxon Site
Developer: EastBanc
Expected Completion: TBD
Units: 35
Unit Sizes: 1,800 – 2,200 sq. ft.
Misc: The five-story building will be 50 feet tall with 72,000 sq. ft. of building area.
3601 M St., NW.
The Montrose
Developer: Argos Group
Expected Completion: Late 2013
Units:15
Unit Sizes: 1,300 to 2,500 sq. ft.
Misc. $969,000 to $2.6 million
3050 R St., NW.
The Auction BlockNovember 6, 2013
•
**FREEMAN?S**
*Walnut Tall Case Clock
Edward Duffield (1720-1801), Philadelphia, Pa. 1765
Auction Date: Nov. 14*
***Estimate: $30,000 ? $50,000***
Freeman?s Pennsylvania Sale: Furniture and Decorative Arts features a wealth of hand-crafted
American antiques from the state?s rich tradition of craft and decorative arts. This walnut tall case
clock, a tour-de-force of 18th-century Philadelphia craftsmanship, was built by renowned clockmaker
Edward Duffield. The clock has double scroll molded cresting with floral rosettes and center
flame carved finial, two applied branch decorations above and arched face door flanked by slender
fluted columns. The brass face is ornamented with leaf spandrels and a moon phased, silvered dial
with Roman numerals and an outer Arabic numeral minute band.
**POTOMACK COMPANY**
*Ray Eames Desk Chair
Auction Date: Dec. 7*
Potomack Company?s Modern Designer Sale will feature designer
furniture from the personal collection of Charles M. Goodman
(1906-1992), the pioneering Washington area modernist architect,
who was the designer of National Airport, the Officers Club at
Andrews Air Force Base, the WMAL studio at American University
and other projects in Virginia and Maryland. The Dorothy S.
Goodman Trust is offering more than 100 lots from the collection,
including rare pieces by Ray Eames, Hans Wegner, Harry Bertoia,
Jens Risom and other noted mid-century designers, as well as
original furniture from the award-winning Alcoa Care-free Home
designed by Goodman in 1957 that was a prototype for the post-
World War II affordable housing boom.
**DOYLE**
*Photograph inscribed by John F. Kennedy
Gelatin silver print.
Auction Date: Nov. 25*
**Estimate: $5,000 ? $7,500**
Doyle?s upcoming auction of Rare Books, Autographs
& Photographs features material related to
President John F. Kennedy, including an image of
the president taken by photographer Fred Bauman
in Palm Springs on Sept. 28, 1963, inscribed to
him by Kennedy. A remarkably candid photograph
of President Kennedy, taken just weeks before his
assassination in Dallas, the image was taken by
Bauman at the Palm Springs airport upon Kennedy?s
arrival. Kennedy would spend two nights resting at
the home of Bing Crosby, just long enough for the
picture to be seen by Kennedy on the front page
of the Press-Enterprise. Secret service agent Jerry
Behn, who appears in the photograph behind the
president, was asked by Kennedy to call Bauman
and request a copy. Bauman sent two copies, requesting that one be returned signed and proudly
hung the inscribed photograph in his home for 50 years. Here the smiling Kennedy embodies the
forward-looking optimism of his era and the cool of a sunny afternoon in Palm Springs in 1963.
**SOTHEBY?S**
*Selling Exhibition: Les Lalanne: The
Poetry of Sculpture
Dates: Oct. 31 ? Nov. 22*
Sotheby?s selling exhibition at its New York
S|2 Gallery will feature Les Lalanne: The
Poetry of Sculpture, featuring works by
Claude and Francois-Xavier Lalanne, curated
by Paul Kasmin and Michael Shvo. Private
gallery sales will go through Nov. 22. Offering
a wide range of the couple?s most iconic
and sought-after works chosen by Kasmin, a
long-time gallerist for the duo, and Shvo, an
avid collector of the works, the gallery space
will be transformed into a midnight garden and
thereby evoke the surrealist sculptors? magical
world in which their life and art were intertwined
since the 1960s.
**BONHAMS**
*1940 Buick Phaeton automobile from
?Casablanca,? Warner Bros., 1942.
Limited model 81C convertible
Auction Date: Nov. 25*
***Estimate: $450,000 ? $500,000**
Bonhams auction, ?What Dreams Are
Made Of: A Century of Movie Magic,? in
conjunction with Turner Classic movies,
will feature more than 300 of the most
important pieces of movie memorabilia
ever to come up for auction. Iconic props,
costumes, production art, original scripts, posters and ephemera from Hollywood?s biggest starts
will be offered. The 1940 Buick Phaeton automobile from ?Casablanca? is one of the stars of the
auction, used in the final act of ?Casablanca,? as Claude Rains drives the car to the airport, with
Humphrey Bogart, Ingrid Bergman and Paul Henried. Other items include the lead statuette of the
Maltese Falcon from the 1941 James Stewart film of the same name, and Vivien Leigh neglig?e
from ?Gone With the Wind.?
The National Cathedral: Echoes of the Middle Ages
•
When Pierre l’Enfant drew his plan for the City of Washington, it included a “national church,” which he thought should be built on the site where the National Portrait Gallery now sits. It wasn’t until 100 years later that Congress approved a plan for the Episcopal Cathedral Foundation to proceed with fundraising and then construction, which began in 1907, to the national church that was formally named the Cathedral Church of Saint Peter and Saint Paul. They chose a high point in the city, Mount St. Albans, and even though the cathedral is the third highest structure in Washington at 301 feet, its position on a hill 400 feet above sea level makes it tower over all other structures in the city.
The National Cathedral is reputed to be the sixth largest cathedral in the world. In the U.S., it is second only in size to the Cathedral of St. John the Divine in New York City.
Like the great cathedrals of Europe, it took a long time to build: in this case, some 83 years. And, like the cathedrals of the Middle Ages, flaws were purposely built into the construction, some say as an admission on the part of the builders that only God could be perfect, a kind of mea culpa for the vanity of such a creation. Yet these intentional flaws actually served to make up for visual distortions, a device that even the builders of the great pyramids of Egypt employed. For example, the main aisle of the cathedral where it meets the cross section is tilted slightly off its axis to make up for the visual distortion that would occur if when one were to stand in the middle of the aisle and look down the long expanse. In further reference to the great medieval builders, the architects of the National Cathedral included crypt chapels in the Norman, Romanesque and Transitional style, a mixture that also occurred in the great Gothic cathedrals of Europe where construction took so long that many changing style elements were blended in the same cathedral.
When we think of these mixed styles, is natural to think of the two very different towers on the great cathedral of Chartres in France. However, that particular cathedral that we see on the site was built quickly, as medieval cathedrals go. The reason for the two different towers is because one of the original matching 12th century towers was struck by lightening some four centuries after it was built. When it was replaced, the ornate Flamboyant gothic style was all the rage, and so the new tower was very different from the other simpler Romanesque tower. Like Chartres, the great permanence that the National Cathedral represents was tried in a similar way, when the 5.8-magnitude earthquake of 2011 shook the building and caused damage that will take many years and some 26 million dollars to repair.
Medieval cathedrals were compendiums of the civilization they represented, and much like Chartres, the National Cathedral is full of symbolism, both religious and artistic. Its decorations, architecture and its 200 stained glass windows can be “read” like a book. Students of Western culture will do well to add the National Cathedral to their list of art museums, as one more great place in our city to visit and learn.
Donna Evers, devers@eversco.com, is the owner and broker of Evers & Co. Real Estate, the largest woman-owned and run residential real estate company in the Washington Metro area, the proprietor of historic Twin Oaks Tavern Winery in Bluemont, Va., and a devoted student of Washington history.
AMERICAN DESIGN
November 6, 2013
•As I wound my car up the long driveway at Langley Ordinary, my tires crunched against the loose gravel, kicking up a small cloud of dust into the sunlight. I pulled up beside a porch of whitewashed pine that wrapped around a sprawling colonial home with an adjacent outdoor living area, stone fireplaces, a guesthouse, a vegetable garden and a wide lawn that rolled down a hillside, scattered with neat stacks of salvaged antique lumber waiting to be used on future construction projects.
Built in 1842 as a drovers rest, Langley Ordinary sits just north of Key Bridge in McLean, Virginia, and over the past 150 years it has been used as everything from a public meeting house to a command post for a Civil War Union general. This historic property is not a typical company headquarters—but owner Doug DeLuca and his business partner Matt Bronczek are not typical company men. When they bought Langley Ordinary just over two years ago, it was in a state of near desolation. They set about repurposing the property as a palette for their ambitious vision for historic home renovation and construction. They wanted to do more than build beautiful houses—they wanted to create warm, livable and sustainably built modern homes with an eye toward our collective American heritage.
AMERICAN TRADITION
A third-generation builder who grew up in Northern Virginia, DeLuca founded his flagship venture Federal Stone and Brick in 2001, crafting functional outdoor living spaces for Washington homeowners. Before starting his business, he spent five years in New York City, working at the Rhinelander Mansion, Ralph Lauren’s flagship store on Madison Avenue.
DeLuca is quick to give credit to his time at Ralph Lauren, where he worked under Mary Randolph Carter, now Lauren’s senior vice president of advertising. A fellow Virginian, Carter had a tremendous influence on the young DeLuca, instilling in him the value of lifestyle over any other tenet in the home design industry.
“Above branding, above all else, she taught me that it all comes back to lifestyle—understanding how people live,” he says. “When she was rolling out Ralph Lauren Country, she came into the store and gave everyone a copy of ‘The Bridges of Madison County’ to read over the weekend. She said that this was the way of life we are promoting.”
“It’s the idea of how you could ever be able to trust someone to design your kitchen if they don’t have an understanding of how to cook,” says Bronczek, who came onboard with Federal Company after working as a legislative correspondent on Capitol Hill and an account executive for FedEx.
DeLuca imagines himself in any space he is designing, and he has even been known to live in his unfinished houses during the construction phase to get a better understanding of how his clients will make use of it.
“This leaves open the opportunity to stay inspired during the construction process and face challenges and adjust details as they occur,” DeLuca says. The result, as exemplified by the Langley Ordinary estate, is a home built with the same love and attention that it will receive once it is inhabited.
As part of his design process, DeLuca makes a point to host dinners for clients in his home kitchen and theirs. “I went to Shabbat dinner with a Jewish family I was doing a kitchen for,” he says, “and it was eye-opening to see how a kosher kitchen is organized. Not only was I able to make a kitchen better suited to their needs, but it made me a better designer in the long run.”
His attention to beauty and function in kitchen design has not gone unnoticed. In 2007, he won a highly coveted award from Viking, the acclaimed American-made range and stovetop producers. He is now a featured designer for the company and is frequently retained to design Viking kitchens.
“Kitchens are particularly close to my heart because that’s where everything happens,” says DeLuca. “It’s the heart of a home—where you spend the most time with your family, cooking, telling stories and just building on your traditions. I was raised in the kitchen with my mom and grandmother—the recipes they taught me are still what I go back to when cooking with my clients. So, it’s important for me as a designer to make a distinction between a beautiful kitchen, and a beautiful functioning kitchen.”
DeLuca’s personal home has a unique feeling—a farmhouse atmosphere of historic Americana interwoven with highly textural and contemporary aesthetics, with zero molding and clean architectural lines. He has a tremendous reverence for light and functional space, reminiscent of the architect Hugh Newell Jacobsen, if he were designing such traditional spaces. His interiors and exteriors are not designed separately, but as harmonious counterparts, and the results are among the most nuanced and fully realized living spaces imaginable. They are strikingly modern homes that pay homage to the history of American craftsmanship, becoming a part, if not the forefront, of its evolution.
AMERICAN SALVATION
While working in New York, DeLuca spent countless weekends rummaging through flea markets and swap meets, a source of frequent inspiration to which his superior Carter frequently turned to keep the rugged American branding of Ralph Lauren looking fresh and interesting. Taking that practice to the next level, DeLuca has made salvaging reclaimed building materials a major component of Federal Company.
“My free time is all about traveling now, because there is so much to see and find,” he says. “I blog about design, food, independent businesses that I find, and basically anything that interests me across the country. I will try to go relax and just hang out on the beach, but I honestly have more fun waking up, jumping in my car and finding three small, family-owned businesses. And if I can get them a couple orders, then I’ve developed an opportunity to get unique products for myself, I’ve gotten them some work and I have promoted American small business.”
Over the last decade of traveling, DeLuca has also amassed a community of some 90 pickers who act as his eyes and ears around the country to seek out rare building components, wood, stone and other salvageable materials that he purchases and employs for his unique style of home building. Recently, they helped him find a 200-year-old oak barn in Michigan, from which they reclaimed wide antique planks for use as walls and flooring in a home library renovation.
“This is who we want to work with, and this is the kind of work we want to do to help carry the torch of traditional American small business and specialty craftsmanship,” says Bronczek. “Salvage businesses and family-run supply companies are dwindling communities because we are so used to going to some big-box corporate hardware store and buying whatever they have available, as opposed to exploring other options—unique or custom options better suited for our homes.”
AMERICAN RENAISSANCE
DeLuca’s multifaceted interests and all-inclusive home design services have given Federal Company something of a multiple-personality disorder (though in keeping with American style and design), which makes it difficult to sum up in one sentence. Reclaimed America, one of their ventures, was born from DeLuca’s journeys through the American countryside, where salvaged wood and materials that he finds are repurposed to create harvest tables and other custom products. Susan Sarandon recently became the first owner of their new line of clutch bags, made from repurposed wood handles and vintage leather.
Meanwhile, Federal Home is the moniker for the company’s interior and exterior home design, while Federal Stone and Brick covers their comprehensive landscape and outdoor living services. “Having these three distinct components to our business gives us the ability to provide a 360-degree approach to our projects,” he says. “We can provide consistent and holistic design, from the front walkway to the back porch, and all the way down to the paint and the rugs.”
When asked if there is anything that he does not do, DeLuca replies unblinkingly: “No.”
He is on the board of the Washington Animal Rescue League and West End Cinema. He frequently donates his time and services to a number of societies and organizations around the Washington area, including Georgetown University’s Lombardi Cancer Center. His most recent project is called Urban Orchard, which aims to plant fruit-producing orchards in inner city neighborhoods.
Speaking with DeLuca, however, his multidisciplinary approach to life and business seems to coalesce rather naturally, and even simply. For him, it really comes down to love: his love of people, service, nature, small businesses, community and American heritage. And that is the secret to his success.
“Creating a home betters your life, and that’s what is really important to us,” he says from across his desk at Langley Ordinary, which is cluttered with personal snapshots of clients whom he simply calls his friends.
“I want to build things with integrity and with solid materials for people that I care about. I want to make something new and sustainable that’s infused with history. That can’t be confined to a singular business plan. It’s a way of life, and one that people deserve.”
Most recently, DeLuca and Bronczek’s Reclaimed America was nominated for the Martha Stewart American Made Award, which celebrates the American designer. Reclaimed America placed second out of 478 companies in a nationwide competition.
“It was an amazing experience for us,” DeLuca says. “We had no marketing or budget, no production warehouse. We just had our small carriage house, our reclaimed wood and our passion. Along the way, I traveled throughout the East Coast, meeting some amazing people who gave me hope in the future of our country, which I think I was able to return. If you ask me, that is winning.” [gallery ids="101536,150041,150044,150023,150027,150032,150037" nav="thumbs"]
50 Years On: Jack & Jackie In Our Lives
October 10, 2013
•Those of us who were alive on that day all remember where we were and how we felt when we got the news that day. Oh, G od. We may not remember exactly all of the details, who was with us, and exactly what we were doing or what we said, or even remember entirely the person who we were.
It was, after all, 50 years ago on November 22, 1963, in Dallas that President John F. Kennedy was shot by a lone assassin named Lee Harvey Oswald, while riding in a motorcade with his wife and John Connolly, the Governor of Texas, and his wife. That was half a century ago, the better part of a life ago, if you remember then and when. Time stopped for Americans that day, and, headed one way into history, diverged on another road. We lost a 46-year-old president who was admired probably beyond reason by millions, because, like another leader whose soaring rhetoric on the National Mall that summer roared all the way to the White House, he had the ability to inspire us to dream. He too, died at an assassin’s hand.
Beyond all that and anything else, the great loss that this country—beyond the whole Kennedy saga, the historical facts of the matter—the greatest loss we suffered as Americans was the source of inspiration, that voice and source of energy, action and vision. What we were left with was an ongoing drama, a legend, the remnants of a family that would continue to engage us and fascinate us even now and especially now.
A 50th anniversary of an event, even one as shocking and tragic as the assassination of a president, amounts to a resurrection, the old story told anew, and remembered by those who can remember it and we tell these stories, these days, through personal memory, through photographs, through musty old newspaper headlines, books and words, videos and flickering images from that day and the mournful afterward days, as well as through mediums and methods that did not exist when John F. Kennedy lived and died.
We prepare to remember that day—which resonates in especially poignant fashion in Georgetown—here, as we always do with speeches, talks, symposiums, the marketing of the cottage industry that is Kennedy books, Kennedy stories, Kennedy histories, Kennedy memorabilia. Fifty years is a long time, but our fascination with the life and death of JFK at this time is not a matter grief or of not getting over it. I suspect the need to remember is spurred not by grief and sorrow, but by history—our own, and that of the day it happened.
We mourn the passing of the president, to be sure, and the flickering of that flame in Arlington Cemetery, which we cannot today visit because of this miasma of the government shutdown, but we also with resignation recognized all that has happened since, the change train that’s rushed through and altered us all as persons and citizens.
John F. Kennedy is, of course, remembered vividly here in Georgeotown by surviving Georgetowners,, he lived and breathed, rented and courted and fathered and familied among us, sometimes looking impossibly young and dashing, like a vision of a long (and then lost) future. He lived in an apartment at 1528 31st Street as a bachelor congressman from Massachusetts, then lived for a time with his sister Eunice a few blocks down the street. After winning his senate seat in 1952, he moved into an apartment at 3260 N St., NW, for two years. He was living at 3271 P St., NW, when he proposed to Jackie, whom he had met at a friend’s house in Georgetown. The couple’s first house was at 3321 Dent Place, NW, where they lived in 1954. They moved to 2808 P St., NW, in 1957 and then to 3307 N St., NW, the couple’s last residence in Georgetown. He was still a Georgetowner when he ran for president, and his son John Jr. was born at Georgetown University Hospital.
Looked at through the prism of his residential moves in Georgetown, it’s fair to say that Kennedy lived his manly youth here, in the kind of perpetual tree-shaded sunlight so characteristic of Georgetown. He lived among his peers, his family, within sight and sound of the spires—buildings and academic intellect—of Georgetown University, of Holy Trinty Church, as part of a high-powered community full of men and women of achievement, wealth and style. The Georgetowner was here too, chronicling much of the comings and goings under founder and owner Ami Stewart.
Georgetown was different then, we are generations removed from the Kennedys in Georgetown, and most of those high-profile leaders are long gone, along with many members—the brothers, daughters and sons, grandparent, Robert and Ted, John John and Rose and Joe—of the Kennedy family.
We wrote often about the Kennedys, and in the aftermath of the assassination we tried to capture the changing, and elusive legend, watched it change over time. It became something of a tradition and part of our November journalistic life.
But now, because half a century is 50 years and a large part of a life, it is time to reflect in more detail. We have a wealth of tools to look back with—books and histories too numerous to count from those rushed and labored over in the immediate aftermath— Arthur Schlesinger’s “A Thousand Days,” and William Manchester’s still readable account of “The Death of a President” spring immediately to mind—and books of photographs and exhibitions, and films—“Parkland” a new film that recounts the assassination day is out now, but there’s always the rabbit hole of Oliver Stone’s “JFK,” a conspiracy movie to end all conspiracy movies—and memories and life and times. We had our friend Pierre Salinger, JFK’s much put-upon press secretary writing for us in the late 1990s until 2002.
For now, though here in Washington, D.C., where JFK’s funeral and memorialization and institutionalization of Camelot are vivid memories, we can remember at the Newseum, which will be holding a JFK Remembrance Day Nov. 22. The Newseum is showing numerous films, and holding numerous activities, including two ongoing exhibitions. There’s “Three Shots Were Fired,” a rich and detailed exhibition full of artifacts—including among many the Bell & Howell 8 mm movie camera, used by Abraham Zapruder which captured the killing.
“Creating Camelot” is an exhibition of “The Kennedy Photography of Jacques Lowe,” with photographs of images of the Kennedys and their children, Caroline and John. Lowe was the family’s personal photographer.
You can find a more wide-ranging view in “Capturing Camelot,” a book of photographs by the late Look Magazine photographer Stanley Tretick, with moving text by Georgetowner and best-selling author Kitty Kelley and photographs by Tetrick of the Kennedys that appear as startling and fresh as the sounds you might have heard at a Kennedy family breakfast or touch football game.
No doubt there will be an onslaught of memories, of pictures and musings about that day. I remember myself then, sort of, a young private first class in the United States Army in Fort Leonard Wood, Missouri, sitting in a group of chairs around a black-and-white television set that day, and later on a Sunday, watching Lee Harvey Oswald murdered by Jack Ruby. We had never seen or felt or experienced anything remotely like that and we wept, and then were stunned into silence and later, the salute, the widow, the old Frenchman, President Charles de Gaulle, the thunder and drums and the coffin and the horse.
He still inspires us today, I think, and seems in pictures, still very alive. But it was 50 years ago. The history—the kind that tortures us madly today in our daily lives amid a government shutdown and the kind that happened then—lives on and perhaps it will echo stronger in times notable for the absence of reasonable, pragmatic and inspiring men. [gallery ids="101486,152003" nav="thumbs"]
Teal Tease
•
As days get darker, homes get more colorful. Hints of teal and yellow will give a refreshing feel to any room during the dark fall months. Combine the colors with earthy tones of grey and brown to create an effortless chic atmosphere. [gallery ids="101490,151773,151770,151766,151762,151759,151755,151748,151752,151778,151780" nav="thumbs"]
The Auction BlockOctober 9, 2013
•
**SOTHEBY?S**
*Junko Mori
Plants Exotica, Chatsworth Chandelier
Modern Makers*
As part of the Devonshire Collection, Sotheby?s will host Modern Makers, a selling exhibition
of contemporary art in Chatworth?s galleries. Leading international artists have created furniture,
textiles, ceramics and metalwork for the exhibition. Featured is ?Plants Exotica,? one of two chandeliers
designed by Junko Mori, this one created in response to the Devonshire family?s history of
and passion for collecting exotic plants. The collection is currently on sale through Dec. 23.
**BONHAMS**
*An antique turquoise and diamond brooch,
circa 1840
Auction Date: Oct. 17
Estimate: $ 8,000 – 10,000*
**What?s selling**: Bonham?s Fine Jewlery auction will feature
an antique brooch from the early 19th Century. Estimated total
diamond weight: 10.00 carats; mounted in silver and 14 karat
gold; length: 1 ? in. **What sold**: Chased brass overlaid teak side
chairs designed by Lockwood de Forest estimated at $50,000-
$80,000 sold for $242,500.
**CHRISTIE?S**
*Dewitt Limited Edition Semi-Skeletonized
Tourbillion Wristwatch
Auction Date: Oct. 29
Estimate: $40,000 ? $60,000*
Christie?s Important Watches auction will feature
modern and vintage watches, from leading
brands such as Cartier, IWC, Rolex and Tag
Heuer with estimates ranging from $1,500 –
$60,000. This rare 18K pink gold and titanium
limited
edition
semi-skeletonized
Tourbillion
watch with
a 5-day
power reserve
and
signed by
Dewitt and
was made
around
2011.
**FREEMAN?S**
*Stanley William Hayter
?Tangram I?
Auction Date: Nov. 3
Estimate: $1,500 – $2,500*
**What?s selling**: Freeman?s will auction selected
works from the distinguished collection of
Domini Morrell in a Modern & Contemporary
Art auction on Nov. 3. This oil on canvas by
British artist Stanley William Hayter is signed
and dated ?83, from the estate of Robert G.
Luckie, Tuscon, Ariz.
**DOYLE NEW YORK**
*Classical Carved Mahogany
Settee
Height 37 inches; length
82 1/2 inches; depth 24
1/2 inches
Auction Date: Oct. 16
Estimate: $5,000
– $10,000*
**What?s selling**:
Doyle New York?s
will auction American Furniture,
Decorative Arts & 19th Century Paintings from the Colonial period through the Federal
and Classical styles. This settee, attributed to Samuel Field McIntire (1780-1819), Salem,
Mass., features intricate carved detail above a loose cushion seat with acanthus carved arms.
The sette is raised on reeded acanthus carved sabre legs ending in brass paw casters. **What
sold**: Cartier, Diamond Bracelet-Watch, estimated at $6,000 – $8,000, sold for $34,375.
The Federal Reserve Surprises
September 25, 2013
•The Federal Reserve Board of Governors surprised almost all Fed watchers when it decided at its Sept. 18 meeting not to start tapering with its $85 billion bond-buying program. The program consists of the Fed buying $45 million in 10-Year Treasuries and $40 in mortgage-backed securities.
In explaining why it chose not to start tapering, the Fed cited continued weakness of the overall economy. They pointed to a few concerns in the current economy; employment, inflation, a recent spike in rates as well as the government sequester.
The unemployment rate remains elevated. The labor participation rate is low. This means that there are many workers who are not looking for work, which means the actual unemployment rate is higher, perhaps significantly higher than what is being gauged and reported these days by the Department of Labor.
Other worrisome factors that made influenced the Fed’s decision included pullback of government investments because of the ongoing sequester and other cutbacks. The uncertainty of the raising of the debt ceiling and the possible government shut down also part of the concerns. These items are ultimately a drag on the economy.
The inflation rate, or lack thereof, was also cited. The Fed has called for a steady 2-percent rate of inflation to one of the foundations for a healthy economy. Currently, the inflation rate is 1.3 percent. This is well below the target. The Fed is concerned about possible disinflation.
In chairman Ben Bernanke’s press conference, he showed charts by the Fed that predicted that the 2-percent inflation target would not be reached until 2016. The Chair reiterated that the Fed would not raise the Fed Funds Rate until the goals are archived. Taken at his word, the Fed is not likely to raise the key Fed Funds rate, which is currently at 0 to ¼ percent, until late 2015 or early 2016.
In explaining its accommodative monetary policy, the Fed states: “It will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.”
The Fed also expressed concern about the recent increases in mortgage interest rates. The Fed is worried the recent spike in rates is hurting the economic recovery.
For the time being, the Fed will be very accommodative in an effort to keep the overall economy moving forward. Expect the bond markets and mortgages to readjust yields lower in order to reflect the Fed’s current outlook.
Bill Starrels lives in Georgetown where he works as a mortgage loan officer. He can be reached at 703-625-7355 or bill.starrels@gmail.com
Le Decor
September 12, 2013
•The apartments and houses of Georgetown are classic, luxurious and stylish. To optimize your space in smaller or more narrow rooms while still staying true to chic Georgetown style, try these sleek modern storage items or modular furniture options. Organization at it’s finest – and classiest.
Tillary Modular Seating
West Elm (WestElm.com)
$149 – $2196
Modular furniture is an easy way to save space in a narrow Georgetown apartment. The pieces of this Tillary seating can be rearranged to fit any space, whether they are together or separate. Try placing both pieces together in a corner or one piece on each wall for a conversation-conducive arrangement. The weighted back supports can also be moved or removed to create an impromptu guest bed for visitors.
Peekaboo Clear Nesting Tables
CB2 (CB2.com)
$199
These clear nesting tables are perfect for use when table space is sparse while entertaining. Position the tables around the room during parties laden with appetizers and drinks and then simply stack them away in the corner to save space.
Julius Grass Storage Ottoman
CB2 (CB2.com)
$499
Need extra storage space for winter sweaters or bulky blankets? The Julius Grass Storage Ottoman can be placed at the end of your bed or under a window as a bench seat (just add pillows). It looks stylish while adding space. Casters on the bottom also allow for an easy move.
6-Piece Cubist Modular Wall Shelf Set
CB2 (CB2.com)
$199
A beautiful sculptural industrial wall shelf set displays six different dimensions that can be used to store books, photos, or any other interesting room decor. Group together or separately, or even display as free stands on tabletops or a desk for extra storage space.
Savannah Under-bed Baskets
Pottery Barn (PotteryBarn.com)
$24 – $44
The ultimate organizational tool: baskets. Use these rustic Savannah Under-bed Baskets for additional storage space that is out of the way and unseen. You can even substitute these baskets for a dresser and store your clothes under the bed for easy access. Replacing a dresser or bureau with these country-chic baskets will free up additional space in a room as well; the perfect solution when attempting to style a small space.
Destination Boxes-New York and Paris (Set of Four)
ZGallerie (ZGallerie.com)
$119.80
A stylish addition to any room, use these Destination storage boxes for important paper work on desks or stack on book shelves or wall units. They could even be used on the coffee table as the perfect place to store the remote controls.
Design-Your-Own-Wine-Racks
The Container Store (ContainerStore.com)
$29.99 – 99.99
Have an expanding wine collection but no wine cellar to store your favorite vino? Not a problem with this natural, unfinished wood wine rack. The modular design assembles either vertically or horizontally with little to no hassle. The best part: additional sections can be added easily when your collection grows. [gallery ids="100262,106989,106998,106984,107002,106979,107006,106974,107010,106969,106994" nav="thumbs"]
The Auction BlockSeptember 11, 2013
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**Sotheby?s**
*Giuseppe Penone ?Lignes D?Eau?
Bronze sculpture, 157 ? in.*
Beginning on Sept. 20 and running through October, Sotheby?s will host a selling exhibition of works by globally renowned Italian sculptor and conceptual artist, Giuseppe Penone, entitled ?When Man Meets Nature.? Presenting 36 works showcasing Penone as a modern artist integrating art with nature and member of the modern Italian art movement Arte Povera, the show will feature all mediums of his work, including bronze, stone, photography and works on paper. This selling exhibition will be one of the biggest shows of its kind in New York, as part of Sotheby?s S|2, the private sale and gallery arm of Sotheby?s global Contemporary Art department. The works on display in S|2 are available for private sale, offering an exciting new dimension to the Sotheby?s experience. In addition to gallery programming, the S|2 team also facilitates bespoke private acquisitions and sales.
**Weschler?s**
*Austrian Ormolu Mounted Parcel Ebonized and Gilt Gesso Elmwood Piano Forte
Auction Date: Sept. 20
Estimate: $10,000 ? $15,000*
Weschler?s will auction this Elmwood piano as part of its Capital Collections Auction on Friday, Sept. 20. This rare Viennese pianoforte was possibly made by Johann Fritz (1810-1820), a prolific builder with very few surviving pieces. The six-octave keyboard?FF to f4?has four pedals, including a Turkish music pedal (cymbal and drum) and a bassoon knee level. Made of Elmwood under gold leaf, this piece is originally from the collection of Mr. and Mrs. Robert Woods Bliss of Dumbarton Oaks.
**Christie?s**
*Federal Satinwood-Inlaid and Verre Eglomis? Mahogony Cylinder Desk and Bookcase
Auction Date: September 24
Estimate: $150,000 ? $300,000*
Christie?s Sept. 24 auction of American Furniture, Folk Art and Decorative Arts spans from the 17th to the 20th century, featuring property from three major collections. The collection includes a magnificent Federal desk-and-bookcase, embellished with 47 verre ?glomis? glass panels and probably made for the Van Ness family of Washington, D.C. Selections from the estate of the late Americana collector Eric Martin Wunsch include an elaborately carved New York card table from the Chippendale period. Highlights to be offered from the Westervelt Company, perhaps the most significant collection of Classical American pieces ever assembled, span the mediums of furniture, silver, paintings and Audobon prints.
**Bonham?s**
*Pair of chased brass-overlaid teak chairs, designed by Lockwood de Forest
(1850-1932). India, 1881-1882.
Auction Date: Sept. 25
Estimate: $50,000 – $80,000*
Bonhams will offer an exceptional pair of chased brass-overlaid teak chairs, designed by Lockwood de Forest in the Fine American & European Furniture, Decorative Arts & Silver auction to be held at the Madison Avenue galleries on Sept. 25. Made in Ahmadebad, India, circa 1881-1882, de Forest modeled the chairs after one he had discovered while visiting an ancient Indian palace during his honeymoon. De Forest was an instrumental figure in the Aesthetic and Orientalist movements during the last decades of the nineteenth century, leading a revival of East Indian techniques within American decorative arts. When de Forest moved to California in the early 1920s, the chairs were purchased at auction by William Randolph Hearst, who at that time was spending millions of dollars annually to acquire the most extraordinary art and antiques available.
**Potomack Company**
*George III Armorial Silver Epergne
London, 1768. 13 x 25 ? in.
Auction Date: Oct. 5 ? 6
Estimate: $6,000 ? $8,000*
Potomack Company will auction the Harry Z. Isaacs Antiques and Fine Art Collection from Long Branch House. Located in the Shenandoah Valley, the estate is on the U.S. National Register of Historic Places and the Virginia Landmarks Register. The auction will feature more than 250 lots from the collection, including English and American antiques, furniture, decorative arts, and artworks acquired from the most respected dealers in the United States and England, including Israel Sack, N.Y. and Mallet, London. An art historian and decorative arts specialist who was a close friend of Isaacs commented, ?He bought only the best.? This George III armorial silver epergne, features a central oval basket, the spiral gadrooned rim above shaped bands of pierced foliage, circlets, stars and crosses, above a waisted support fitted with eight scroll arms with similarly pierced alternating baskets and dishes.
**Doyle New York**
*Gold, Cabochon Gem-Set and Diamond Bracelet-Watch, Cartier, France,
circa 1945. From the Estate of Margaret Truman Daniel
Auction Date: Sept. 25
Estimate: $6,000-$8,000*
Doyle New York will auction property from the Estate of Margaret Truman Daniel (1924 ? 2008) as part of its Important Jewelry auction on Sept. 25. The only child of President Harry S. Truman and his wife Bess, Mrs. Daniel graduated from George Washington University in 1946, and embarked on a classical singing career, performing at venues such as Washington?s Constitution Hall, the Hollywood Bowl and Carnegie Hall. When her father left office in 1953, she moved to New York where she worked for NBC, conducting interviews for radio and television, and even substituting for Edward R. Murrow on his television program, ?Person to Person.? She later became an acclaimed author, writing biographies of her father and mother, and publishing the best-selling novel, ?Murder in the White House,? in 1980. Until her death in 2008, she served on the board of trustees of the Harry S. Truman Scholarship Foundation, created by Congress in 1975 to award scholarships to college students planning careers in government.