Watching Mary-Kate and Ashley Olsen
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SPECIAL INNOVATOR S ISSUE FUTURE PERFECT Jack Dorsey Searches for Simplicity Mary-Kate and Ashley Olsen Make American Luxury Wang Shu Builds a Better China Theaster Gates Turns Art Into Altruism William Gibson Separates the Future From the Futuristic 1112_WSJ_Cover_Final-04.indd 1 9/20/12 3:26 PM TIFFANY.COM | ©T&CO. 2012 800 843 3269 Celebrating The World’s Greatest Love Stories Since 1837 Tiffany_205616715.indd 2 9/19/12 12:29 PM Tiffany_205616715.indd 3 9/19/12 12:29 PM 1-800-441-4488 Hermes.com TIME ON YOUR SIDE HERMES_205616581.indd 2 9/19/12 3:51 PM HERMES_205616581.indd 3 9/19/12 3:52 PM Yves Saint Laurent_205616708.indd 2 9/21/12 3:10 PM Yves Saint Laurent_205616708.indd 3 9/21/12 3:11 PM NEW YORK 717 MADISON AVENUE EAST HAMPTON 23 MAIN STREET DEVIKROELL.COM DEVIKROELL_205613404_EK.indd 2 8/28/12 2:53 PM DEVIKROELL_205613404_EK.indd 3 8/28/12 2:53 PM Reine de Naples Collection in every woman is a queen BREGUET BOUTIQUES – NEW YORK FIFTH AVENUE 646 692-6469 – NEW YORK MADISON AVENUE 212 288-4014 BEVERLY HILLS 310 860-9911 – BAL HARBOUR 305 866-1061 – LAS VEGAS 702 733-7435 – TOLL FREE 877-891-1272 – WWW.BREGUET.COM BREGUET WATCHES .indd 2 9/21/12 2:44 PM BREGUET WATCHES .indd 3 9/21/12 2:45 PM ADVERTISEMENT INSIdER THE LaTEST fROm LuxuRy’S BEST Tom Colicchio and Lori Silverbush, Keith Bloomfield, Katie Lee, Amy Salerno Avis & Bruce Richards and Mark Mullett WHaT’S ON THE TaBLE? | 8.25.12 The Journal partnered with the United Way of New York City to present What’s On the Table?: an evening co-hosted by Susan L. Burden, Dorothea Hurley & Jon Bon Jovi, Avis & Bruce Richards, and Lori Silverstein & Tom Colicchio. The benefit raised over $200,000 in support of the fight against hunger and featured farm-to- Jon Bon Jovi Eva & Brendan Dillon table fare prepared by Colicchio’s signature restaurants. Photos: David X Prutting/BFAnyc.com fNO | 9.6.12 The Journal and Paul Stuart celebrated the 4th year of Fashion’s Night Out, at the Paul Stuart Flagship store on Madison Avenue. Nearly 300 sharply dressed Journal readers came out to experience Paul Stuart’s fall collection and the swinging jazz rhythms of NYC’s own John Pizzarelli—a night filled with style the way it should be seen and music the way it should be heard— fashionably full of life. Tom Mastronardi, Alexandra Du Cane Anthony Cenname, Michael Ostrove and John Pizzarelli and Michael Kline Photos: Benjamin Lozovsky/BFAnyc.com Fitting by Paul Stuart Ny pREmIERE Of aRBITRaGE | 9.12.12 Brioni, Piaget and The Wall Street Journal presented the NY premiere of Lionsgate and Roadside Attractions’ film Arbitrage at Lincoln Center Film Society’s Walter Reade theater to a star-studded audience. The evening concluded with an after-party at Monkey Bar where guests enjoyed late supper along with specialty cocktails from Patron and Ultimat and chic confections from Piaget. Brit Marling, Richard Gere and Laetitia Casta Todd Barrato and Nate Parker Susan Sarandon and Larry Boland Photos: Kristina Bumphrey/Starpix GET ON THE LIST. BEcOmE a WaLL STREET JOuRNaL INSIdER. journalinsider.com A Service of The Wall Street Journal Advertising Department ©2012 Dow Jones & Company, Inc. All rights reserved. 6AO1293 Omega_205615098.indd 2 9/14/12 2:55 PM Omega_205615098.indd 3 9/14/12 2:57 PM NOVEMBER 30 78 SISTERS OF THE DIVINE Child stars Mary-Kate and Ashley Olsen have defied expectations with their unique take on American luxury. BY JULIA REED PHOTOGRAPHY BY AMY TROOST STYLING CATHERINE NEWELL-HANSON 82 MADE ON THE MAINLAND Chinese architect Wang Shu believes in the deceptively simple idea that his country’s heritage should inspire its structures. BY IAN VOLNER PHOTOGRAPHY BY ZENG HAN 88 THE ECSTASY OF INFLUENCE Curator, designer, painter, writer, opera director— Patrick Kinmonth is taking on modern culture through his historically rich perspective. BY TIM BLANKS PHOTOGRAPHY BY NIGEL SHAFRAN 94 THE UNLIKELY REFORMER Retired Hollywood executive Eric Eisner started a program that recruits the brightest kids from L.A.’s roughest schools. And he takes their success very personally. BY MEGHAN O’ROURKE PHOTOGRAPHY BY TIERNEY GEARON 98 THE ARTIST NEXT DOOR By creating cultural spaces that are as altruistic as they are visually stunning, Theaster Gates challenges the world to reconsider the power and meaning of art. BY KELLY CROW PHOTOGRAPHY BY STEFAN RUIZ 102 SIMPLICITY AND ORDER FOR ALL As the founder of both Twitter and Square, Jack Dorsey has taken a disarmingly basic concept and used it to revolutionize daily life—twice. BY SETH STEVENSON PHOTOGRAPHY BY ELENA DORFMAN 106 WE CAn’t KNOW WHAT THE FUTURE WILL BRING Fall’s mind-bending fashion considers the shape of things to come. BY WILLIAM GIBSON PHOTOGRAPHY BY CLAUDIA KNOEPFEL + STEFAN INDLEKOFER STYLING BY DAVID VANDEWAL MAKEUP BY PETER PHILIPS cover Photography by Claudia Knoepfel and Stefan Indlekofer in New York. Alexander McQueen dress, price upon request, belt, $1,920, necklace, price upon request, alexandermcqueen.com this page Artist Theaster Gates in the Archive House, a once-derelict home Some stars show you the way. in his Chicago neighborhood that he bought, refurbished Muhammad Ali and a rising star. Phoenix, Arizona. and filled with 14,000 architecture books, 60,000 glass slides and 0098 more, turning it into a cultural hub for the local community. Photography by Stefan Ruiz. Follow him on louisvuittonjourneys.com/thegreatest 15 1112_WSJ_TOC_01.indd 15 9/21/12 1:43 PM 09212012124519 CONTENTS 20 EDITOR’S LETTER 53 68 22 BACKSTORY 24 ON THE COVER 26 KEYNOTE 28 MARKET REPORT The year’s best devices prove that function and form can be seamlessly united. eunissen 31 SOAPBOX Chicago-based architect Jeanne Gang on why coyotes belong in cities and how her materials take the lead in her designs. Ti; kevin Tachman; berT T 34 “I’d been looking for PARTNERSHIP Architect Peter Zumthor and garden designer Piet Oudolf things that didn’t TheEntirelyNewES. The First Ever ES Hybrid. When style and are at the height of their powers, but a new collaboration may be their most provocative yet. exist. I learned how to substance compete, one wins. But when they collaborate, the result is create them. stunning. The bold new look of the 2013 ES is an aesthetic achievement, I deliver what I miss.” but it’s also a victory for aerodynamics as well—boosting ES Hybrid fuel efficiency up to an EPA-estimated 40 MPG.* The spacious interior is pharrell williams; danilo scarpa danilo williams; pharrell “I hate consultants, IASSON TSAKONAS, “ARCHITECTURE” P. 68 surrounded by hand-stitched, precision-crafted detail—enriched by an the guys who say, available 15-speaker system, acoustically balanced for concert-quality ‘Give me your watch sound. The next-generation technologies are empowering—and elevated and I’ll tell you 38 by available ambient lighting. In the 2013 ES, style and substance aren’t TRACKED just on the same team. They’re one and the same. Tory Burch started a clothing line in her kitchen 10 years ago. what time it is.’ ” Today, she runs one of the most profitable fashion labels and yet still manages her busy days PETER ZUMTHOR, “PARTNERSHIP” P. 34 with impeccable calm. Ting andy warhol adverTising posTer, 68” x 48” collecTion oF 2007, acrylic on exis on acrylic 2007, led (chanel, yellow) TiT un : 34 FT CloCkwise from top left: A print by the artist KAWS revamps an Andy Warhol ad for Chanel No. 5; a home on Greece’s Antiparos island, #NewLexusES part of a development that’s advancing emerging architects; designer Tory 38 Burch in her living room; architect Peter Zumthor at home in Switzerland. clockwise From Top le Options shown. *2013 ES 300h EPA-estimated 40/39/40 (city/highway/combined) MPG. Actual mileage will vary. Lexus reminds you to wear seatbelts, secure children in rear seat, obey all traffic laws and drive responsibly. ©2012 Lexus. 16 NOvemBer 2012 1112_WSJ_TOC_02.indd 16 9/24/12 3:14 PM 09242012141440 CONTENTS 42 DESIGNER Experimental fashion designer Issey Miyake is devoted to bringing radically visionary yet wearable clothes to the masses—never resting on his laurels. 800 544 1336 FENDI.COM 1 46 THE SHIFT The Middle East is experiencing one of the biggest art-market booms ever, with glittering new museums and multimillion-dollar acquisitions. But in the wake of the Arab Spring, something altogether more homegrown—and more authentic—may be brewing. FENDI OCCHIALI 82 “It’s important to demystify 102 the term. Innovation is just reinvention 53 and rethinking. I don’t think MAKING IT Former graffiti artist KAWS gets ready to there’s anything truly, celebrate the most wholesome of achievements: a balloon in the Macy’s parade. organically new in this world.” man JACK DORSEY, “SIMPLICITY AND ORDER FOR ALL” P. 102 y images; elena dorF 58 TT ACCESSORIES Geometric accessories embrace bold tones and the most sharply brilliant shapes. 68 ARCHITECTURE The Aegean island of Antiparos is home to a striking housing development that’s a model of its kind in the distressed Greek economy. 120 106 STILL/LIFE 88 Microsoft cofounder and private space-travel advocate Paul G. Allen offers a few of his favorite things. CloCkwise from top: China’s Ningbo Museum of Art, completed by architect Wang Shu in 2008; model Kasia Struss in Calvin Klein Collection, price upon request, 212-292-9000, Julian Hakes shoes, $195, From Top: zeng han; claudia knoepFel + sTeFan indlekoFer; ge GET WS SaTurday Get a Saturday-only subscription to The Wall Street Journal for a weekly fix of cloggs.co.uk, H.