THE GALLERY OF IDEAS EMBRACING EVERY SECOND H O R S E P L AY YANA PEEL’S BRINGING LATER LIFE A RELATIONSHIP OF DISRUPTIVE VISIONS TO LIFE MUTUAL RESPECT

WEATH ERBYS P R I VAT E BA N K

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CONTRIBUTORS

LUCIA VAN DER POST ACKNOWLEDGEMENTS Lucia has dispensed advice on style and living for more than three decades. With her subtlety, taste, common sense, confidence, and witty, aphoristic style she has WEATHERBYS MAGAZINE COVER IMAGE Published on behalf of Topical Press Agency/Stringer remained at the pinnacle of lifestyle Weatherbys Private Bank journalism. She is best known for 22 Sackville Street, Mayfair CREDIT ALSO GOES TO her work at the ‘Financial Times’ London W1S 3DN p.16 David Bebber. United Kingdom p.17 2007 John Offenbach. where she launched the ‘FT’s’ p.18-19 2013 Luke Hayes. Tel: 44 (0)207 2929 029 ‘How To Spend It’ magazine, p.20 Nick Harvey. [email protected] p.21 Design render by Kéré Architecture. and is still an associate editor. www.weatherbysbank.com WELCOME p.22 left: WENN Ltd/Alamy Stock Photo,

right: Zaha Hadid Foundation. Weatherbys Private Bank is a trading name of p.24-25 Thomas Barwick/Getty Images. Weatherbys Bank Ltd. Weatherbys Bank Ltd is authorised by the Prudential Regulation Authority p.26 Courtesy of Auriens. and regulated by the Financial Conduct Authority p.27 Pixdeluxe/iStock. and the Prudential Regulation Authority. p.28 Courtesy of Auriens. Financial Services Register number: 204571. p.30-33 Emmanuel Polanco. CAT H Y H AW K E R It gives me great pleasure to introduce Weatherbys Bank Ltd is registered in England. p.34-35 Joshua Jensen-Nagle. A childhood spent in New York, Registered number: 2943300. p.36 Miles Aldridge. Registered Office: Sanders Road Wellingborough p.37 Michal Macků. Africa and Asia followed by the second issue of Weatherbys Private Northamptonshire NN8 4BX. p.38 left: Martin Essl, right: Arthur Elgort. two decades as a luxury travel p.40 wibs24/iStock. Bank Magazine. PUBLISHER p.42-43 Lordprice Collection/Alamy Stock Photo. journalist have only increased FMS GLOBAL MEDIA p.44 top: Seraficus/iStock, Cathy’s wanderlust. Her work Suite 9, Beaufort Court bottom: Science History Images/Alamy Stock Photo. Admirals Way, London E14 9XL p.45 Mary Evans Picture Library/Alamy Stock Photo. has appeared in newspapers This issue has been created with our United Kingdom p.46 Alan Crowhurst/Getty Images for and magazines including the Tel: +44 (0)203 772 4853 Ascot Racecourse. clients and friends in mind. Peppered with ‘Financial Times’, ‘The Times’ and fms.co.uk p.47 top: Mary Evans Picture Library/Alamy Stock Photo, bottom: ZUMA Press, Inc./Alamy Stock Photo. the ‘London Evening Standard’. remarkable imagery, it offers a feast of CEO p.48-53 Poppy Waddilove. Next on her wishlist is a food and Nigel Fulcher p.54 Courtesy of the Soneva Foundation. p.56-57 Courtesy of the Wellcome Library, London. art tour across Northern Italy. topics, all written by a hand-picked selection PUBLISHER p.58-59 Courtesy of Sonu and Eva Shivdasani. Irene Mateides p.60-61 Courtesy of the Soneva Foundation. of acclaimed journalists, philanthropists, GROUP EDITOR p.68-69 Weedezign/iStock, fandijki/iStock, Sophie K. Cecil Courtesy of Doppler Labs. p.70 top: Courtesy of Doppler Labs, experts and creatives. PROJECT MANAGER bottom: Courtesy of Mymanu. Thea Sofie Rønnebæk p.71 Courtesy of Bragi. JULIA ZALTZMAN EDITORIAL ASSISTANT p.72 Courtesy of Jabra. Writer, editor, and project As you turn the pages, learn more about the Imogen Smith p.73 Courtesy of Waverly Labs. p.74 Pejagr/iStock. manager Julia Zaltzman disruptive visions of Yana Peel, the newly PRODUCTION DIRECTOR p.75-80 Courtesy of Hunter Gather Cook. specialises in luxury lifestyle Nick Fulcher p.78 bottom: Portrait of Nick Weston by Greg Funnell. feature writing, and the appointed CEO of Serpentine Galleries, GRAPHIC DESIGN p.82-83 A-image/Shutterstock Daniela Arnoldo, Lauren Robertson, p.84-85 left: Oversnap/iStock, production of bespoke coffee- Katie Smith, James Randall right: Martin Barraud/Gallery Stock. join Lucia van der Post as she takes a closer p.86 Courtesy of Walk With Me Maps. table books. The editor of ADVERTISING SALES p.87 Andresr/iStock. ‘FRASER’, ‘SuperYacht Industry’, look at the baby boomers bringing later life Jill Ratcliffe: [email protected] p.88 top: Tim E White/Alamy Stock Photo, and ‘Natural Beauty News’, she Vivian Brasil: [email protected] bottom: Solis Images/Shutterstock. Shemin Juma: [email protected] p.90 Courtesy of Cambridge University. writes for high-end consumer to life, get the most out of the new ISA with Jon Clements: [email protected] p.91 Courtesy of Rose Lincoln/Harvard University. and customer magazines with an Nicole Wogman: [email protected] p.92 Courtesy of Cambridge University. guidance from Ian Cowie and start building p.93 top: Rungthum.lee/Shutterstock, ultra high net worth readership. CONTRACT PUBLISHING bottom: Courtesy of Cambridge University. William Fulcher p.94 top: Janniswerner/iStock, a collection of authentic contemporary CONTRIBUTORS bottom: Ferrantraite/iStock. p.98 Courtesy of RHS Chelsea Flower Show; Nargess Banks, Lucia van der Post, Ian Cowie, photography with advice from some of the Royal Ascot. Lauren Heinz, Adrian McGlynn, Julia Zaltzman, p.99 Courtesy of Henley Royal Regatta; Emily Peck, Rohit Jaggi, Rob Crossan, Cathy Hawker, industry’s leading experts. Masterpiece London; Gladwell & Patterson. IAN COWIE James Wallman. p.100 Courtesy of Will Hobhouse. Ian Cowie joined ‘The Sunday © Weatherbys Bank Limited 2017. Times’ in 2013. He was judged to We created this magazine with you in mind, Whilst every care has been taken to ensure be Consumer Affairs Journalist that the data in this publication is accurate, neither the so we hope you enjoy reading it and we publisher nor Weatherbys Bank Limited nor any of its of the Year in the 2012 London subsidiary or affiliated companies can accept, and Press Club Awards, having hereby disclaim, any liability to any party to loss or would love to hear what you think. damage caused by errors or omissions resulting from been personal finance editor of negligence, accident or any other cause. ‘The Daily Telegraph’ since 1989. All rights reserved. Writing about savings and No part of this publication may be reproduced, stored investments since then, he has in any retrieval system, or transmitted in any form – seen and survived several stock electronic, mechanical, photocopying, recording or otherwise – without prior written permission of the market shocks. publisher. Information correct at time of going to press.

Views expressed are not necessarily those of the publisher or Weatherbys Private Bank. Every effort has been made to trace the copyright holders of ROGER WEATHERBY material used in this publication. If any copyright holder has been overlooked, we should be pleased to make Chief Executive any necessary arrangements. CONTENTS

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EMBRACING EVERY SECOND H O R S E P L AY THE GALLERY OF IDEAS Lucia van der Post brings later life to life Adrian McGlynn explores the history of man and steed Yana Peel shares her vision for the Serpentine Galleries

10 CURATED LUXURY 34 Need-to-know news for the discerning 30 40 PHOTOGRAPHY COMPETITION Calling all young aspiring photographers

48 A HEAD FOR HATS The season’s most coveted hats

54 STRONG FOUNDATIONS How to set up a foundation with Sonu Shivdasani

08 63 A HOME IN THE HIGHLANDS 09 74 Live the life of a Laird 68 SOUNDS PERFECT The most exciting gadget of the year

82 THE GENERATION GAME NICER ISAs COLLECTING CONTEMPORARY PHOTOGRAPHY Helping your children onto the property ladder How to make the most of the new nicer ISA It’s high time to start investing according to the experts

90 COURSE OF ACTION We review the leading MBA courses

98 WEATHERBYS LIFE Highlights for your diary

WHERE THE WILD FOODS ARE 100 Q&A: MY MONEY MATTERS The Hunter Gather Cook brings the woodlands to your plate We meet Will Hobhouse of Heal’s CURATED LUXURY

ZAEEM JAMAL VERSACE PERRIER-JOUËT BY & FOR MOSER THE ART OF TRADITION MODERN FEMININITY RAISE A GLASS CRYSTAL CLEAR

LONDON GLOBAL GLOBAL GLOBAL 10 11 Celebrated for his dream-like creations and predilection for tradition, Inspired by modern femininity, Versace Timepieces have launched the Perrier-Jouët offers a once-in-a-lifetime champagne experience The illustrious glass manufacturer Moser may be turning 160 this year, Zaeem Jamal is the UK’s ‘alchemist of design’. In his studio in Imperial striking Palazzo Empire Collection, new for SS17. The new collection at its historic home, Maison Belle Epoque in Épernay, tailored to the but that hasn’t stopped it from pushing boundaries with its 2017 collection. Wharf and boutique on the King’s Road, the British designer creates comprises three exquisite watches each featuring Versace’s signature individual’s tastes. Joining cellar master Hervé Deschamps in the Keeping its work fresh by collaborating with contemporary glass intricately woven pieces with flowing, quintessentially feminine silhouettes. Medusa head in 3D which, positioned between two pieces of glass, vineyards and cellars, you will learn the art of champagne production. artists, Moser has updated the traditional designs in a way that is both With a global presence, his innovative and inspiring designs are to be gives an illusion of floating above the centre dial. This stunning Over the course of the sensory journey, you will be educated in the modern but timelessly elegant. What it has maintained over the course found in the wardrobes of the well-heeled. Each piece is exquisitely embellishment is not only a bold celebration of femininity, but enhances stories evoked by certain aromas and flavours, before determining of its history is meticulous craftsmanship, producing the new collection tailored from the finest silk satins, chiffons and crepes, blending the the watch’s sunray guilloché dial. The top ring on each Palazzo Empire your unique champagne personality. After tasting the house cuvées using the same techniques as were used over a hundred years ago. artistry of heritage with a contemporary luxurious aesthetic, to create a timepiece is adorned with an enamelled Greek key design, available and sample blends based on your own taste profile, your personal The highlight of the collection is the limited edition Melody vase. unique and graceful brand. The main lines of occasion, bridal and resort in total white, resolute black or pastel pink, each featuring a fine, signature cuvée will be created then left in the cellar to mature for eight The vase’s undulating silhouette and colour transitions elegantly are available online and in the London boutique with bespoke services. supple calfskin strap. months. Once fully matured, the unique bottle is available to collect, showcase Moser’s high level of artistic craftsmanship. adorned with Japanese anemones and a personalised engraving.

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ALEXANDRA LLEWELLYN TURNBULL & ASSER ELAN SPA AT MALLORY COURT BENTLEY BESPOKE BACKGAMMON DRESSING BOND WARWICKSHIRE WELLBEING POWER AND PACE

LONDON LONDON WARWICKSHIRE GLOBAL 12 13 Terry O’Neill, the photographer who defined the Swinging Sixties and Since 1885, Turnbull & Asser has been a cornerstone of London’s Elan Spa at Mallory Court is an oasis of tranquillity. Nestled among The Bentley Continental Supersports is the world’s fastest luxury four- Seventies, has collaborated with artist Alexandra Llewellyn to create the tailoring scene. Adhering to its ‘Made in England’ mantra, the tailor’s Mallory’s beautiful gardens, this peaceful retreat combines countryside seater car. Accelerating from 0–60 mph in 3.4 seconds and reaching Goddesses board. Handmade and crafted from the finest ebony wood, shirts, ties and pocket squares are meticulously handcrafted by chic with subtle glamour, and – with its exceptional facilities and a top speed of 209 mph (336 km/h), it is Bentley’s most powerful the backgammon set features Terry’s iconic photography of Brigitte skilled cutters and seamstresses. It has long been the choice of those products – it is just the spot in which to de-stress and rejuvenate. model yet. The car’s sharp, athletic aesthetic is uniquely designed to Bardot, Raquel Welch, Goldie Hawn, Jean Shrimpton, Audrey Hepburn in the know, from members of the Royal Family to world leaders. Against the backdrop of the luscious gardens, guests can bathe in the enhance performance. Bentley’s mighty W12 engine has been revised and Twiggy. Best of all are the elegant mother-of-pearl and glass The Legends Collection pays homage to these influential figures, outdoor vitality pool or unwind in the thermal retreat. After indulging in for the Supersports, with new high-performance turbos and redesigned playing pieces, with leather-inlaid bases adorned with a camera reinventing historical pieces – such as Sean Connery’s shirts from replenishing spa rituals, a glass of chilled champagne is the perfect end engine hardware. The new torque vectoring system allows the car aperture. The dice shakers are also uniquely engraved with Terry’s ‘Dr No’ – for the 21st-century gent. Turnbull & Asser has always been to a relaxing day. Elan Spa exclusively uses ila products but for all-out to accelerate rapidly from a standstill, providing a model that is both camera ‘click’ fingerprint. Each limited edition board is personally associated with the sophisticated spirit of James Bond, which must pampering, plump for the ila spa experience, which includes an overnight powerful and extremely agile. Through blending luxury with performance, signed by O’Neill and is priced at £5,800. have something to do with the fact that Ian Fleming was a customer. stay and personal in-room treatments such as the Ku Nye Massage. the Supersports defines and dominates the touring genre.

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LONGINES ROBBE & BERKING SAVING FACE RAISING THE BAR

GLOBAL GLOBAL 14 Longines, one of the world’s leading watchmakers, is celebrating Spanning five generations, Robbe & Berking is a family-owned six decades since the launch of its iconic Flagship watch with the company that creates some of the world’s most elegant silverware. introduction of the Flagship Heritage – 60th Anniversary collection. The Martelé Bar collection includes vessels for both casual and fine Inspired by the Flagship model kept at its headquarters in Saint-Imier dining, from beautiful champagne flutes to iconic cocktail shakers. in Switzerland, this new classic timepiece comes in steel, yellow gold Each piece is exquisitely designed so as to ensure that every or rose gold. The original design was inspired by the ship upon which drink or cocktail is a work of art. As the collection is handcrafted the flag of the fleet’s Commander in Chief snaps in the wind. In keeping from the finest silver, the drinking vessel immediately assumes with the original watch, the limited edition models are numbered and the temperature of the beverage, resulting in a fresh and vibrant display the caravel on the back. Timeless and subtly elegant, the taste. Created to complement refined ingredients, the exclusive watch features a white dial, thin profile and fine fasteners. Crafted with set comes in sumptuous packaging and is individually engraved. meticulous precision and skill, the Longines Ambassador of Elegance, For a limited amount of time, these bespoke vessels are available Kate Winslet, chose the face of the watch herself. as gift sets. Buy a fractional share in a NetJets aircraft and enjoy access to 700 jets worldwide. Only NetJets gives you the scale, safety and support longines.com robbeberking.com of a major commercial airline with the flexibility of a private jet.

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INSPIRING INTERVIEW YANA PEEL IS FEARLESS. HERE THE PHILANTHROPIST, ENTREPRENEUR AND CEO OF LONDON’S SERPENTINE GALLERIES REVEALS HER DESIRE TO TRANSFORM THIS SPACE INTO AN OPEN LANDSCAPE OF ART AND IDEAS

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THE GALLERY OF THE GALLERY “These artists are excited by the opportunities the Serpentine Gallery “Peel admires creatives with disruptive ideas, one of Hadid’s most applauded presents and we are excited to work with them. We are a small gallery in traits, and a vision shared by Serpentine’s Artistic Director Hans Ulrich Obrist” terms of our footprint, but with a local, national and international reach,” begins Yana Peel, philanthropist, entrepreneur and, for the last year, Chief Executive of the Serpentine Galleries in London. She is speaking of the impressive list of creatives – Man Ray, Andy Warhol, Frank Gehry, Gerhard Richter, Damien Hirst, Jeff Koons, Herzog & de Meuron and Ai Weiwei, to name a few – who have displayed here since the gallery opened in 1970.

We are meeting at Peel’s office above the Serpentine Gallery, the discreet former 1930s tea pavilion nestled amongst nature in Kensington Gardens, Hyde Park. You come across the gallery almost by chance only to be surprised at some of the world’s most inspired exhibitions of contemporary art and design. A short stroll across the bridge to the north side of the lake sits the sister Sackler Gallery. Opening in 2013, the curvaceous white structure is the work of the fearless late architect Zaha Hadid, a close friend of Peel’s.

It is therefore not surprising to read that Peel admires creatives with disruptive ideas, one of Hadid’s most applauded traits, and a vision shared by Serpentine’s Artistic Director Hans Ulrich Obrist. I ask how important it is for a public gallery like the Serpentine to lead the way in exploring how the arts can help shape society and vice versa.

“Essential,” she replies passionately, “and it is the artists who are best placed to do this. That is why everything we do is artist led.” Much of what happens here is free of charge to see and the exhibitions, talks and architectural programmes attract over a million visitors annually. Under the leadership of the former Chief Executive Julia Peyton-Jones and Obrist’s artistic vision, the Serpentine has evolved into a seductive space for dialogue around the role of contemporary visual culture. Peel is eager to explore this narrative further.

At 43, she is incredibly accomplished. Born in St Petersburg, Peel grew up in Canada, completing her education at the London School of Economics. Following a stint at Goldman Sachs, she moved into art philanthropy, co-founding Outset Contemporary Art Fund in 2003 as a hub for creative funding solutions for cultural projects. She sits on the arts advisory boards of the Tate, V&A, Lincoln Centre and V-A-C Foundation Moscow. »

18 19 Previous page, left: Philanthropist, entrepreneur and CEO of London’s Serpentine Galleries, Yana Peel.

Previous page, right: The Serpentine Gallery.

Right: The Serpentine Sackler Gallery. She is a Young Global Leader of the World Economic Forum and a regular contributor to the Davos Annual Meeting on topics at the intersection of technology and visual arts. She serves as board co-chair at Para Site Art Space and the public debate forum Intelligence Squared, and still finds time to write her children’s book series Art for Baby.

In person, Peel is warm and expressive, speaking fast and passionately of her commitment to the arts, of her desire to speak to a broader audience, of engaging with the subject and viewers on a deeper level. “I am incredibly excited about this open landscape for art and ideas,” she tells me. “What we are trying to do is lure in the visitor who would normally not come. It is about creating programmes around art, architecture, fashion and music and about collapsing these universes. It is about being a hub for these kinds of multiple discussions which are so relevant in our world today.”

This means exhibiting artists who are controversial, who speak to a wider audience such as the summer exhibition Grayson Perry: The Most Popular Art Exhibition Ever!. The Turner Prize-winning British artist is also a well- known figure outside of the art world; he is engaging and provocative and one of the most astute commentators on contemporary culture. Peel agrees, “as you can tell by the show’s title, Grayson wants to address head-on the question of popularity and populism – who comes to an art gallery and why. Grayson is excited by the Serpentine space. What will someone walking in from the park make of his work? It’s exciting, no?”

This summer also sees the first solo show in the UK of another artist with a unique voice – the American cinematographer and filmmaker Arthur Jafa, who has a cult reputation for his outstanding work with directors Stanley Kubrick and Spike Lee, and for his music videos for Solange Knowles. Through these and his independent films, Jafa explores how black films can achieve the sense of theatre found in black music. “Here he will be Peel is referring to the Serpentine Marathons – talks, discussions, lectures reinventing the Sackler Gallery, taking his message right across London that are all about promoting an open discourse. In their twelfth year, I ask with a series of interventions in unexpected places,” she teases, revealing Peel how she intends to make these even more inclusive. “At last year’s no more. Miracle Marathon the second day was held in Brick Lane, mixing our west London magic with east London cool,” she smiles. “The atmosphere was Then there is the annual summer Serpentine Pavilion project, which sees fantastic and the audience definitely younger than ever. We also broadcast a visionary architect, typically at the cusp of contemporary ideas, create the event on Serpentine Radio opening it up to a whole new audience, a temporary structure alongside the Serpentine Gallery to be explored giving people the chance to engage with the material on their own terms.” 20 and enjoyed by the public during the summer months. It is architecture 21 Above: as installation art and, since its inception in 2000, has become one of the Peel is acutely aware of the urgency to investigate different avenues to Ron Arad, Yana Peel and Bjarke Ingels at most anticipated events in the architectural calendar. connect with the younger generation; in employing technology to provide The Serpentine Summer Party 2016. access to wider audiences. She notes that the Serpentine is, and will Last year, the fashionable young Danish architect Bjarke Ingels’s pavilion continue to work, across all social media platforms, those they know and Right: broke visitor records. This summer, Berlin architect Diébédo Francis those they are about to discover. Peel and Obrist work intimately with The Serpentine Pavilion 2017 designed Kéré’s pavilion will mimic a tree inspired by the one which served as a the gallery’s Curator of Digital to help establish an open dialogue with by Francis Kéré. central meeting point in his childhood village of Gando, Burkina Faso. the younger audience. “We need to make sure we are listening as well as His architecture seeks to connect its visitors to nature and to one another. talking,” she offers.

“The Pavilion has such a history and Hans Ulrich and I, in making our first As part of this digital vision, Peel mentions 89plus, the on-going multi- joint selection this year, were so mindful of that,” she says adding quickly platform international research project set up to investigate the impact of that the team equally wanted to push things forward. “Kéré’s work is so the Internet on the generation of creatives born in or after 1989. The scheme exciting. He is a marvel, and perhaps the nicest man you will ever meet, is run by Obrist in collaboration with Simon Castets, director of New York’s with community and sustainability at the very heart of his practice. Swiss Institute and one of today’s most exciting young curatorial voices. » His design is the inspiration for a new piece of programming that will bring

even wider audiences in to what we call an open landscape of art and ideas.” is a marvel, community He is with so exciting. “Kéré’s work and sustainability very at the heart of his practice” Clients and their families come fi rst at Weatherbys, the private bank that off ers you the best of both worlds: new and old. Weatherbys Private Bank marries modern technology with an unrivalled history as a fi nancial services thoroughbred. Such projects cost money and the Serpentine relies on fundraising to make all this happen. The glamorous Serpentine Summer Party is a key What does that mean in practice? Weatherbys event. “The parties are a joy and an opportunity! I know from my time with treats every client like a member of its extended Outset what energy is created when you link different worlds. We couldn’t family, which has guided this company through do what we do without support from our friends – artists, designers, seven generations of prudent stewardship since creatives, visionaries.” 1770. Trust and security are key principles – but so are agility, fl exibility and decisiveness. Earlier in the year, Peel took the critically acclaimed Zaha Hadid: There Should Be No End To Experimentation exhibition from the Serpentine to For example, current accounts and mortgages Hong Kong, and Simon Denny’s show to Shanghai, and she hopes to do can often be approved in a single day. How more satellite global visits in the future. refreshingly diff erent from the ‘computer says no’ disservice that has become sadly familiar at In fact, she is about to hop on a flight to Hong Kong where she used some other banks. to live, and tells me she cannot wait to do a little mountain climbing. With a full-time career and as a mother of two, I ask what drives her. Too many rivals have eroded confi dence with call “My goodness, so many things. Nature excites me. I live close by and walk centres and a ‘box-ticking’ approach that can make to work but recently a friend gave me a skateboard and that really excites long-standing customers feel like merely another me.” She admits she loves being at the Serpentine surrounded by nature number. But every client is a unique individual ‘WEATHERBYS: THE BANK and creativity. “I am pathologically curious. I am very excited by exciting whose ambitions and requirements are paramount people and exciting ideas. My colleague Hans Ulrich excites me. Every day, to the professional staff at Weatherbys. THAT OFFERS YOU THE BEST the conversations we have with the artists – that excites me.”

If they can’t help you succeed in your fi nancial OF BOTH WORLDS’ As she gets up to leave the room, she turns back and says with a smile: objectives, then they would feel they had failed. “Watch this space as we are going to bring in different groups. We’re looking Fortunately, that doesn’t happen often because at how we can use our privileged position, use our platform, to bring in this bank has a long-established culture of dissenting voices. Always better to debate a question than to answer.” 22 ambition, energy and innovation. Coupled with 23

the latest technology, that’s a tried-and-tested A large proportion of Weatherbys’ new clients come via referrals from COWIE IAN BY WORDS recipe for success. existing clients.  ere’s no more reliable testament to the unrivalled personal service and professional expertise this bank’s clients enjoy, than the personal Banking needn’t be diffi cult and dull. Making endorsements they freely off er to their friends and family. your fi nancial aff airs easier and more enjoyable are part of Weatherbys’ refreshingly modern Whether you are a successful entrepreneur or have an inheritance, high net approach.  e reality is reassuringly diff erent worth individuals shouldn’t need to have to worry about day-to-day wealth from the cliché of oak-panelled boardrooms and management. Capital preservation and careful wealth accumulation are at the Above: excessive formality. core of Weatherbys’ culture and it relishes clients who demand the best. The colourful Turner Prize-winning artist, Grayson Perry.  e company weathered storms, including existential threats from Right: Napoleon and Hitler, two world wars and several stock market crashes, Confetti ‘The Peak’ formed part of the and entered the 21st century with confi dence. It could reminisce on a long ‘Zaha Hadid: There Should Be No End and distinguished history, but it prefers to face forward, seeking new ways To Experimentation’ to help clients meet the challenges of the future, and to make the most of exhibition earlier this year in Hong Kong. the opportunities these will create. WELLBEING SOFT-ADVENTURE? HARDLY. SHUNNING THE QUIET LIFE IN FAVOUR OF MAKING EVERY SECOND COUNT, THIS DEMOGRAPHIC OF LATER-LIFERS ARE ALL ABOUT ACTIVITY, FOR MIND, BODY AND SOUL. WITH TIME AND MONEY ON THEIR SIDE, EVERY SECOND IS TO BE CELEBRATED SAYS LUCIA VAN DER POST

24 25 EMBRACING EVERY SECONDLUCIA VAN DER POST BY WORDS

This year, it seems, over a million people in Britain will join that growing Previous page: A woman savours the band of baby boomers – the over-seventies. Thanks to modern medicine, stunning view of a lake before getting in for a better hygiene, much greater awareness of the need to move more and sunrise swim.

eat less, even more of them are living longer and the good news is they’re Right: having a ball. They’re the lucky generation. The ones who bought houses An active pensioner enjoys a sunny day when prices were low, who are mostly mortgage-free and who have at sea.

either left their working lives behind with great fat pensions or carried Above: on working anyway, loving what they do and the extra income it goes on A couple of later-lifers enjoy life as they stroll bringing in. through the streets of Chelsea.

Their kids are off their hands, they’re zipping around town, buzzing off for long weekends to see an exhibition in Amsterdam, taking in the opera in Verona or some off-piste skiing in Courchevel. They soak up the latest Booker Prize winner as it comes hot off the press, they’re to be seen in all the best restaurants and they’re right up there when a new play arrives at the National or when Daniel Barenboim gives one of his finest performances. “They’recampingHorn high of the Himalayas, up in round sailingAfrica, lecturing cruises on in Sri or talking at about memoir Lanka” a literary latest their festival

As for the tell-tale signs of having slightly given up, those so beloved by the over-sixties from times gone by – the trousers with the easy waists, the permed grey hair, the comfy shoes – they’re just a myth from yesteryear. These days they’re doing pilates and yoga, they’re in tournaments at their 26 27 tennis clubs, they’re wearing designer clothing, they get their hair cut in fashionable salons, and pampering, from manis and pedis to full-blown massages, is high up on their list of regular treats. Which is no doubt why a leading upmarket introduction agency that in years gone by wouldn’t take on any woman over fifty (“I thought it immoral to take their money when I knew I couldn’t help them” is how its founder put it), these days finds they are helping many men and women in their sixties, seventies and even eighties find new relationships.

And just try organising a gathering of any kind amongst the over- seventies set – you’d better be prepared for the long haul. They’re camping high up in the Himalayas, sailing round the Horn of Africa, lecturing on cruises or talking about their latest memoir at a literary festival in Sri Lanka. Their diaries are bulging and they’re almost as hard to pin down as any captain of industry. When they throw parties they really know how to do it in style. Fancy dress parties and happy knees-ups are often » the way to go. A well-known journalist reported that for her seventieth Above: A pair of old friends birthday recently, she’d thrown a tennis party and then spent the meets up for a girl’s lunch. afternoon drinking Champagne. Nothing sedate or elderly about that. Below: They take their friends and nearest and dearest to riads in Morocco, A later-lifer zips to palaces in India, to bush camps in Africa. They have time, they have around town on his bicycle. money and if they have their health – what’s not to like?

For if there’s one thing that these lucky baby-boomers have in common it is that they’re not lying back in armchairs using the remote to switch channels – they’re off travelling. They came of age before the gap year had been invented, they mostly married young and had their children young so now they’re making up for lost journeys.

So today there’s a whole host of travel agents who have cottoned on to this demographic change and who are geared up to meet their needs.

“They have time, they have money they theyand have time, if “Theyhave like?” not to – what’s health their have They will tell you that what these days is called ‘soft adventure’ is all the rage. The sixties and overs are learning to surf, to paddleboard, to ski and they’re honing their backhands down the line in tennis camps. Then there are those who travel to learn – a language, cooking, painting, pottery, creative writing – you name it, they now know you’re never too old to embark on something new. They’re open to new-age thinking – they love trying out new spas in exotic locations and along with the massages and the facials they drop in for some mindfulness, for some introductions to ancient ethnic rituals and they don’t mind roughing it if that brings them the exceptional experience they crave.

The canny ones, the ones who acknowledge that there will come a time when they will perforce have to slow down, buy into one of the increasing number of very upscale homes for the over-sixties. Property developers have been surprisingly slow to clock the fact that those who are 28 accustomed to eating at The Ivy, who are members of 5 Hertford Street, who have travelled far and wide to the world’s finest cities and resorts, who want to keep up with the latest play and opera, need to end their days in something much finer, more luxurious and – critically – more fun than what has hitherto been on offer. Which is why Johnny Sandelson and Karen Mulville have decided to create Auriens, which they describe as “The Claridges of the retirement world”. Here septo-octo-nonagarians can buy an apartment as small or large as they like knowing that the bar will be glam, the library will be a place they long to spend time in, the food will be great, the spa will be lush and care can be bought in a series of calibrated packages as and when it’s needed. Somebody at last has noted that just because you’ve turned seventy, eighty or ninety it doesn’t mean you have to give up on fun and all the lovely things that life has to offer.

The problem is going to be keeping the under-sixties out – they, too, I wager, will want a slice of the fun.

DAKS_SS17_Wetherbys_325x240mm_RHP_220517_V1.indd 1 22/05/2017 11:48 WORDS BY IAN COWIE

31 ILLUSTRATIONS BY EMMANUEL POLANCO s INVESTMENT NICER ISANICER TAX-FREE INCOME AND GAINS ARE JUST ARE JUST INCOME AND GAINS TAX-FREE FLEXIBLE TAX THE MOST A CLICK AWAY. EVEN NICER BUT BECAME JUST SHELTER THEY SAY: MEAN WHAT ALLOWANCES ANNUAL IAN COWIE THEM, SAYS THEM OR LOSE USE 30 These characteristics mean ISAs are more flexible than, say, pensions where withdrawals cannot usually be made before the saver reaches 55 years of age. In many ways, ISAs and pensions are mirror images of each other, with tax relief on the latter being received on the way in – when contributions are made – and tax relief on the former being received on the way out, when money is withdrawn.

However, there is no need for ISAs and pensions to be seen as an either/or choice; you can have both – and should seriously consider doing so, if you can You don’t need to go offshore to place your savings afford to commit the necessary funds. This raises It is very important to remember that share prices can fall without warning and investments beyond the grasp of the taxman. the important point that the fundamental risk and you may get back less than you invest in the stock market. While the But you do need to take a timely and methodical and reward characteristics of the underlying assets past is not necessarily a guide to the future, history does provide food for approach to make the most of a government- held in an ISA will remain unchanged. thought for people who can afford to accept some degree of risk in pursuit sponsored onshore tax haven that just got even of real returns. bigger and better than it used to be. For example, cash deposits can be regarded as risk- free in the short term because banks and building Comprehensive analysis of investment performance over the last century or Yes, you may have guessed, I am talking about the societies guarantee to return your original capital more shows that shares reflecting the broad composition of the London Stock individual savings account or ISA: a simple and and there is a statutory safety net to protect Exchange tended to deliver higher returns than deposits over the medium to convenient wrapper that can be used to shelter a depositors in the unlikely event of an authorised long term. wide range of assets from the beady eyes of HM firm becoming unable to honour its obligations. Revenue & Customs. The ISA annual allowance The Financial Services Compensation Scheme Specifically, shares beat deposits in three-quarters of all the periods of five – or the maximum every adult can save or invest can pay depositors 100% of losses up to £85,000 consecutive years since 1899. The probability of shares delivering higher each year in this tax haven – jumped by nearly a per person. returns than deposits increased over longer periods of time so that, for third to £20,000 on April 6, 2017. example, over any period of 10 years shares did best more than 90% of However, while interest rates remain at or near the time. So it makes sense to find out more about the all-time-lows, many deposit accounts fail to pay new, nicer ISA. Because every adult has their own sufficient returns to match the rate at which Volatility – or the tendency for share prices to fall without warning – annual ISA allowance, a married couple or any inflation is eroding the real value or purchasing remains a worry. So, to avoid the risk that you may be forced to sell other pair of people aged 18 or more may shelter power of money. This means that while you can during a temporary downturn, you should only invest money in a stock £40,000 here this year – or a total of £200,000 be confident of getting back £1,000 for every market ISA that you can afford to keep invested for five years or more. over the next five years, assuming the rules remain £1,000 deposited, its real value may shrink over The more time you give your ISA to grow, the more satisfying the results are as they are. the medium to long term because of the insidious likely to be. effect of inflation. Any income or capital gains you receive from an The sooner you consider getting started, saving and investing in an ISA, ISA will be free of any further liability to income So it may be worth considering accepting some the sooner you can start to benefit from this tax shelter. Even making your tax or capital gains tax, whatever your individual higher degree of risk in order to seek higher ISA investment near the start of the tax year – which begins on April 6 circumstances. That means the ISA wrapper can returns to preserve or increase the real value of – rather than waiting until the following spring can have a surprisingly boost the benefit taxpayers receive from their your savings and investments. Shares listed on beneficial effect. savings by at least 25% – because they will receive the stock market can provide higher income £100 in every £100 of gross return, instead of and gains but are riskier than bank or building John Butters, Chief Investment Officer at Weatherbys Private Bank, calculates 32 £80 of net return after 20% basic rate income tax. society deposits. that if a standard 4% per annum investment return is achieved, investing 33 High earners who pay income tax at 40% or 45% your ISA allowance at the start of each tax year over a decade will produce can boost their gross returns by at least two-thirds a fund worth nearly £10,000 more than if the same sums are invested with because they would only receive £60 or £55 net the same returns at the end of each tax year. Over 20 years, the difference from every £100 of gross return from the same would be £24,000. savings or investments outside the ISA wrapper. “Any income or capital gains you receive from an ISA will That’s a bigger reward for ‘early bird’ ISA investors than you might expect It’s worth emphasising that these improvements be free of any further liability to income tax or capital gains tax” and demonstrates the value of considering action without unnecessary delay. are achieved without any increase in risk or To return to where we began and the importance of taking a ‘timely and regulatory requirements. You can choose to use methodical approach’ to the new nicer ISA, it’s worth emphasising that the your ISA to hold a familiar range of savings and allowance is annual and expires each year at midnight on April 5. investments including cash deposits, shares, bonds and pooled funds – such as unit and investment You cannot go back to make use of earlier years’ unutilised ISA allowances. trusts or exchange traded funds (ETFs). There is no So, when it comes to making the most of this flexible tax shelter, it really is a minimum period for which an ISA must be held to case of use it or lose it. earn tax relief – nor any minimum age savers must attain before making withdrawals from an ISA. C C P

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34 Y 35 COLLECTIBLES LAUREN HEINZ BY WORDS THE VALUE OF PHOTOGRAPHIC PRINTS

IS INCREASING BY SOME MARGIN AND MATCHED BY INTEREST FROM SERIOUS COLLECTORS AND GALLERIES. HIGH TIME TO START INVESTING AND COLLECTING, ACCORDING TO THE EXPERTS on the cultural agenda in the UK has a trickle-down effect as galleries and therefore auction houses show more of an interest in the medium and more photography-specific art fairs emerge.

In 1971, Sotheby’s was the first auction house in the UK to put on a specialist photography sale. While this particular auction, instigated by photography specialist Philippe Garner, was just a one-off, the primary market for print sales in galleries began to take off in the 80s and by the 90s there was a solid secondary market for Sotheby’s, Christie’s and

“With photography market can easily £100k in the you of a photographer” best buy work the Phillips to begin their own photography-only auctions.

While traditionally the photography market had to fight against the idea In 2011, Andreas Gursky’s photograph Rhein of reproduction – with a negative or digital file, in theory there could be II (1999) was sold for $4.3m, shocking the art several copies of a photograph and therefore collectors are not buying an world. Not only was the large-scale landscape original – this argument is gradually losing traction. “Potential buyers now the most expensive photograph of all quickly realise that it’s a question of integrity,” says Brandei Estes, Head time – surpassing work by early 20th century of Photography at Sotheby’s. “Most photographers of merit with good, masters like Edward Weston, Richard Avedon reputable galleries do not do that. They stick to relatively small editions and Alfred Stieglitz – but, in terms of Gursky’s and once they’ve sold the edition then that’s it.” oeuvre, it was arguably bland. Just three years later, in 2014, Gursky’s record was crushed by With the questions of authenticity no longer being thrown around, another photograph of a landscape, Peter Lik’s photography has become an increasingly affordable and accessible option Phantom (1999). The black and white image of for collectors. “With £100k you can buy work at a contemporary sale but a ghostly ray of light penetrating a canyon in it might be from a younger artist or a lesser-valued work of someone mid- Arizona – likened by the Guardian’s Jonathan career,” continues Estes. “But with £100k in the photography market you Jones to “a posh poster you might find framed can easily buy the best work of a photographer, there’s a bigger list of in a pretentious hotel room” – was sold to an names that you can spend that money on and you can get a masterpiece or 36 37 unnamed buyer for $6.5m. start the foundations for building an exceptional photography collection.” »

Regardless of whether these works were worthy of the millions bestowed upon them, their price tags signal a seismic shift in the art world in

regards to photography. The art form that was Previous page: once considered anything but an art form is ‘Drifting Over the Italian Riviera’ by growing in popularity among collectors. This Joshua Jensen-Nagle, courtesy of Bau-Xi shift – especially in the UK where the market Gallery.

has historically been slow to catch up to places Left: like New York – is helped in no small part by ‘3-D’ by Miles Aldridge currently on auction institutions such as the Tate Modern hiring its at Sotheby’s.

first Curator of Photography in 2009, Simon Above: ‘Gellage No. 6’ from Baker, as well as their recent The Radical Eye the limited series exhibition, photography from Elton John’s ‘Gellage’, by Michal Macků, courtesy of personal collection. Firmly placing photography Paci Contemporary. photographer Hurn and curated by Martin Parr. The photo agency, set up by four photographers in the aftermath of the Second World War, is known for its hard-hitting photojournalistic and documentary work and while some of the bigger name photographers, like Henri Cartier-Bresson, have been collectible for decades, its newer documentary work is becoming more desirable in the art market.

“Many of our biggest names have outside gallery representation,” explains Sophie Wright, Global Cultural Director at Magnum Photos. “However, In terms of current trends, Estes has observed “a real interest in fashion with over 90 photographers and estates there photography, which has been happening for a few years now – fashion is a lot of work, both historic and by new from the 30s up until the present day. We achieve excellent results with members of Magnum, that we are working to market favourites Horst P. Horst, Richard Avedon, Irving Penn, Helmut increase awareness of. There are now also the Newton and, in terms of present day, I am a big fan of Miles Aldridge, contemporary documentary stars working in a whose work is doing very well at auction.” more conceptual framework such as Alec Soth, Jim Goldberg or Martin Parr, who has been This upsurge of interest in the photography market has brought with it hugely influential in his role as a collector and the development of photography fairs, which are springing up all around curator as well as photographer.” the world. Paris Photo, one of the largest art fairs dedicated solely to photography, will be putting on its 21st edition later this year. The much With so much incredible work available on the younger but no less ambitious Photo London opened the doors to its market, coupled with the temptation to invest third fair on 18 May. Alongside its list of 101 exhibiting galleries and in a photograph that might appreciate in value, book publishers from Europe and abroad, it also organises a robust public starting a collection of photography can seem programme of exhibitions and talks. daunting. The most universal piece of advice given 38 to aspiring collectors is, however, quite simple: “Photography is finally emerging as an established artistic medium in buy what you like. “Know what you like, know what the art market and is receiving the recognition it deserves,” says Adrian your budget is and do your homework,” says Estes. Riches, Head of Development and Communications at Photo London. “Part of that is speaking to as many professionals “Its relative affordability has made photography accessible to a wider in the industry as you can – gallerists, auction group of collectors and prices have been on the rise since we launched house specialists and advisors. And, of course, the first Photo London in 2015.” buy what you love; make that the priority over investment and you will never go wrong.” “At this year’s Photo London, specialist photography galleries have been

joined for the first time by leading contemporary galleries including Above: Victoria Miro, Sprüth Magers and Alison Jacques Gallery,” adds Riches. Christy Turlington photographed in “These great additions to our gallery list demonstrate there is a strong New Orleans in 1990 by Arthur Elgort, courtesy appetite for contemporary works amongst collectors visiting the fair. ” of Atlas Gallery.

Above left: Also participating at this year’s Photo London is Magnum Photos, who will ‘Le Château Rouge No 18’ by Martin Essl, courtesy of be presenting the exhibition David Hurn’s Swaps, works collected by Magnum Galerie Esther Woerdehoff. “Photography is “Photography finally emerging as an established artistic medium art in the recognition it deserves” market the and is receiving

WB02 - Attilus Advert.indd 1 23/05/2017 16:50 PHOTOGRAPHY COMPETITION

T H E COMPETITION

Lending support to the next generation of photographers, Weatherbys Private Bank aims to inspire young people to develop their artistic talents through this nationwide Photography Competition.

Open to UK-based amateur photographers between the ages of 16 and 25, entrants are required to submit ten photographs which reflect the Weatherbys strapline: “The future has always been family”.

Johnny Weatherby, Company Chairman, said: “Weatherbys has been in business for seven generations and family involvement has always been at our heart. We are delighted to give aspiring young photographers the chance to use their creative skills to interpret the importance of family.”

After entries close on Friday 18th August 2017, an expert panel of judges will review the entries and select the winning photographer and two runners up. The winner will be announced in September 2017.

40 THE PRIZE

The winner will receive a state of the art Nikon D5500 digital camera complete with lenses. WEATHERBYS PRIVATE BANK GIVES Their work will be featured in the next issue of YOUNG PHOTOGRAPHERS THE Weatherbys Private Bank magazine, exhibited in London and used as part of a national CHANCE TO LAUNCH THEIR CAREERS advertising campaign.

For more information and to download an entry form, please visit; www.weatherbys.co.uk/ photography-competition or email hlunn@ weatherbys.co.uk for more information.

53 JERMYN STREET, LONDON | 118 HIGH STREET, ETON

www.newandlingwood.com

WB02 New & Lingwood.indd 1 23/05/2017 09:47 H E R ITAGE HORSE P LAY

FROM FODDER TO RACING PARTNERS, THE RELATIONSHIP BETWEEN MAN AND STEED HAS EVOLVED OVER THE LAST 6,000 YEARS TO ONE OF MUTUAL RESPECT, SAYS ADRIAN MCGLYNN

42 43 ADRIAN MCGLYNNADRIAN BY WORDS

and Elizabeth, showed little interest, the arrival of the Stuarts took Royal interest in ‘running horses’ to new levels. James I discovered and patronised the unheralded Suffolk town of Newmarket, where the open heathland was perfect for racing. The first recorded horse race was in 1613. Cromwell’s regime had no more time for horse racing than for Christmas, and parts of the heath were, for the last time, ploughed during the interregnum.

Charles II restored royalty and racing to Britain and is rightly renowned as the greatest influence upon the modern sport. His statue stands at Newmarket racecourse, the track itself carrying the name of his favourite horse, Rowley. Races at that time bore little resemblance to today; the King’s Plate, instigated by the Merry Monarch, had horses competing in two 4-mile heats in a day, with victory required in both to earn the Plate. The coexistence of humans and horses for two million years has not always been one of At the end of the 17th century, forces bringing racing towards its present harmony, respect and love, with domestication mode had begun. The agrarian revolution, stimulating improvement of horses occurring just 6,000 years ago. of agricultural stock through selective breeding, touched this world of For most of our time together, we viewed ‘running horses’. Breeders took a step of bold imagination by injecting horses simply as larder content, as recorded foreign, Arabian blood into their indigenous stock. Stallions from Syria, by gruesome ancient cave scribblings and Turkey, Libya and Arabia were brought as gifts or booty to England. 10,000-year-old equine bones found in Britain, Their blending with the existing racing stock was an immediate success, bearing cuts and grooves that could only have creating animals of new speed and stamina, uniquely crafted for racing. been made by human butchers. The Thoroughbred horse, properly referenced as the English Thoroughbred The horse was first used as a mode of transport horse, was a man-made, genetically-modified creature with a single Previous page: Today’s racehorses, across the globe, can trace their ancestry back to those and for war and sport on the vast Russian purpose. In 1711, at the very moment when Queen Anne declared Ascot English Thoroughbred ‘Isinglass’ leading 18th century originators. Technically every racehorse, wherever foaled, steppes around 4,000BC. That Centaur moment to be a place that was “ideal for horses to gallop at full stretch”, equines the field at the 1893 was the greatest advance in the development capable of hitherto impossible speeds were being developed. A Formula 1 Epsom Derby. remains an English Thoroughbred, and we are about 30 generations into the breed. The point is often raised that the founding genetic pool of the of civilisation. Infinitely more significant equine was in production, with an improving arms race under way. Opposite page, from top: racehorse is tiny, the in-breeding colossal. than the railway, wireless and internet, the Italian fresco of a saddle, bridle and stirrup propelled us into The governance of the sport was also beginning, with the emergence in the first chariot race, 480-470 BC; French dragoon The initial record of the breed, the General Stud Book, first published by a new age. And while it was inevitable that half of the 18th century of the Jockey Club, which codified rules, established and chasseur soldiers at the beginning of Weatherbys in 1791, reports 400 foundation mares and lists the three main horses would be deployed to devastating effect administration and formalised the haphazard. With the introduction of World War I. Arabian stallions, Darley, Byerley and Godolphin. But racehorses benefit in war, this new relationship engendered a new regulation, the nature of races began to change. Most notably, distances Above: kind of sport. became shorter. The Derby was first run in 1780 over a mile, extended by English Thoroughbred from being bred for performance, not appearance. Only the strongest, ‘Eclipse’ raced in 18 most resolute, healthiest and swiftest are selected to breed. Tested in the 50% in 1784 to its present distance. The St Leger appeared in 1776, and races between 1769 and 1770, all of which racecourse furnace, winners reproduce, losers do not. Though chariot and riding racing became de two supreme tests of specialist milers, the Guineas races, in 1809 and 1814. he won. His skeleton is preserved at the Royal rigueur in the ancient civilisations of Babylon, The era of 4-mile heats was over. Veterinary College. Egypt, Greece and Rome, the horse was primarily Performance improvement was dramatic in the first half-dozen generations, the dominant force in elite armies around but even today the breed continues its upward progression. Analysis of 44 45 the world; cavalry became the weapon of mass recent elite race winning times recorded a 0.1% improvement over destruction even, woefully, into the First World 15 years in sprint races. This may seem a small percentage, but with War. Horses were bred and trained to carry winning distances determined to a single photographic pixel, this actually oppressive weight at speed, half a league, half a represents seven equine body lengths. league, half a league onward. The racehorse is becoming faster. Its mighty 40 mph-plus stride is one of In England, a nation not of shopkeepers but of the most awesome sights in sport. Animals weighing 90 stone, bearing sports inventors, there uniquely was intent to nine stone of jockey ballast on their backs are the greatest of all athletes. develop the perfect racing horse. This ambition Over a mile they can sustain speeds of 40 mph, with the world record for stemmed from the top. Henry VIII invested much that distance measuring a staggering 1 minute and 31 seconds. time in his Royal racing stables at Greenwich and Eltham and although his daughters, Mary Secretariat ripped apart the record for the classic mile and a half distance in 1973 when clock-stopping at 2 minutes 24 seconds. Even the Grand National – a race of 30 fences, some above five feet high and eight feet wide, over a distance of four and a half miles – saw its record-breaking performer, Mr Frisk, win in 8 minutes 47 seconds. A sustained pace of

“The horse first became a mode of transport,horse “The first a became mode of war and sport on Russian vast 4,000BC”the steppes around 31 mph. That’s 4 mph faster than Usain Bolt. » Opposite page: ‘War Envoy’ ridden by Ryan Moore (third left) wins the Britannia Stakes during Royal Ascot 2015 at Ascot racecourse on 18th June 2015.

Left: ‘Ambush II’ owned by King Edward VII wins the Grand National in 1900.

Below: American Thoroughbred ‘Drosselmeyer’ with Mike Smith wins the 142nd running of the Belmont Stakes in 2010.

With other sports undergoing transformative changes in recent times, might horse racing have to make even more dramatic changes to attract and retain the interest of the modern leisure market? Fresh thinking abounds and, as with other sports, technology to draw the spectator closer will be a winning factor. Already greater use is made of cameras – although thankfully not microphones – attached to jockeys in races.

In this time of instant gratification and smartphone-driven risible attention spans, might there also be calls to shorten races yet further, with perhaps the classic distance of 1½ miles one day as antiquated as the 4-mile heats of the 17th century? Perhaps races will be required to start at closer intervals than the current leisurely 30 to 40 minutes. Recently, the concept of city “Horse racing is racing a sport “Horse uniting not spectators, dividing A sport humans them. connects and animals that as no other” Horse racing and state events aside, horses have centre races has even been posed, with the prospect of thoroughbreds largely disappeared from regular life. As recently hurtling up Oxford Street on a purpose-built artificial temporary track. as 1894 there were 50,000 working horses in London, their presence then as ubiquitous as cars Some innovations will be short-lived gimmicks, others might take the today. That being said, the enchantment remains sport in a richer direction. The constant will be the horse, although even between man and horse. Racecourses may look here there will be pressures. The evolution of the racehorse through to tempt visitors with their pop star events and performance selection could be challenged by laboratory manipulation, as ladies days but it is the proximity to the horse a means of amplifying performance and eradicating weakness. that evokes the most visceral experience. Horse racing remains a curious remnant from the past. A sport in The racecourse brings spectators extremely essence of great simplicity, but manifesting unparalleled complexity and close to these creatures of beauty and power, richness. The sport of monarchs, potentates and billionaires; the sport of but it was only in 1875 that Sandown Park the people. A sport uniting spectators, not dividing them. A sport that became Britain’s first ‘enclosed racecourse’, connects humans and animals as no other. The enchanting, magnificent with paid entrance applying. Now, six million horse which only 6,000 years ago accepted life alongside its hunters and 46 47 people go to the races in Britain annually. carried them to civilisation, to battlefields but, best of all, to racecourses. It is the nation’s second most-attended sport by some margin.

Sports evolve constantly, and racing is sometimes accused of clinging too firmly to tradition – an unfair aspersion given that the sport has moved from being entirely the preserve of titled landowners to one of the people. The Derby, for instance, has even been won by a ‘club’ of owners. The sport is also no longer confined to turf. Six of Britain’s courses now have artificial surfaces and four of them are floodlit. An elite cadre of horses now race internationally, competing at racecourses in Britain, Europe, Dubai, USA, Japan, Hong Kong and Australia. HATS

THE SEASON IS UPON US AND IT’S TIME TO DON OUR FINEST REGALIA. TO ACHIEVE STYLE THE BEST PUT-TOGETHER LOOK, NO LADY’S OUTFIT IS COMPLETE WITHOUT A HAT. BUT WHO TO GO TO AND HOW TO SELECT THE MOST SUITABLE STYLE? FOUR MILLINERS MAY JUST HAVE THE MOST STYLISH ANSWER

A hat is a highly personal item of fashion, one that instils confidence, adds personality and ideally flatters both the wearer and her outfit. The most notable hats on display at Royal Ascot each year are those that are carefully colour-matched to the wearer’s ensemble and meticulously tailored to their head whilst also interpreting the boldest trends from that season’s catwalks.

According to Royal Ascot-specialist and couture milliner Siggi Hesbacher, flowers, feathers and bows are perennially popular feminine embellishments but for 2017 we can expect to see more veiling and organic abstract shapes on prominent display at Ascot than in previous years.

Whether it is rare materials and subtle details or the more eyebrow- raising ‘Ferrari teetering on the edge of a Martini glass’ designs that 48 49 appeal, it is the highly skilled craftsmanship that commands respect and admiration. And while contemporary interpretations continue ILLUSTRATIONS BY POPPY WADDILOVE WORDS BY ZALTZMAN JULIA to push our understanding of what a hat should look like, there is little argument over the extreme levels of traditional skill required to execute the perfect creation.

A HEAD FOR FOR A HEAD Here we profile four emerging milliners who are causing a stir on the British headwear scene: SOPHIE BEALE MILLINERY Sophie Beale’s work is conceptual and innovative yet fashion forward and beautifully handcrafted for the chic woman who appreciates flair without fuss. She creates vibrant, captivating headpieces that boast a graceful delicacy countered by a bold yet carefully considered line.

Having worked with a selection of iconic milliners from Noel Stewart to Philip Treacy, Sophie was headhunted for the position of couture milliner at Stephen Jones before launching her own brand. She now also teaches on the world-renowned HNC Millinery course at Kensington and Chelsea College, from where she graduated with distinction in 2011.

Winner of numerous awards, including the British Fashion Council and Grazia magazine’s national ‘Hat Factor’, Sophie’s work was selected from over 100 milliners to join a celebration of Britain’s finest millinery in Previous page: association with London’s 2012 Olympics. ‘Nora’ headpiece by Harvy Santos.

This page: “I aim to create high-end fashion and occasion millinery with a more ‘Block’ headpiece by simplistic, chic and tailored look,” Sophie says. “The brand works with the Keely Hunter. idea of flare without fuss, being innovative while remaining accessible.” Opposite page: ‘Tennessee Coolie’ headpiece by Sophie Beale Millinery. Sophie once studied with Rose Cory, past milliner by royal appointment to the late Queen Mother, and her hats are now sold internationally with a growing list of high profile clients and resulting press coverage, including the cover of Royal Ascot’s Style Guide.

sophiebealemillinery.com

KEELY HUNTER

Named a ‘Bright Young Thing’ in 2016 by Selfridges, Keely Hunter’s couture headpieces could not be further from the traditional Royal Ascot style. Specialising in ultra-modern designs that incorporate materials 50 1951 such as Perspex and recycled plastic, she uses contemporary production methods including laser cutting, vacuum forming and 3D printing to achieve her visually stunning results.

Invited by world-renowned milliner Stephen Jones, OBE – who considers Keely to create “uncompromisingly modern pieces that somehow still have a lightness of touch” – and the British Fashion Council (BFC) to show “Sophie Beale’s work is conceptual and innovative yet fashion forward and beautifully forward “Sophie yet fashion handcrafted and innovative Beale’s is conceptual work flairfuss” without appreciates who woman chic the for at London Fashion Week for the past five seasons as part of the BFC’s ‘Headonism’ initiative (aimed at celebrating the new wave of emerging British milliners), she claims to be influenced by architectural lines and shapes and driven by a desire to explore conceptual design.

Keely is praised for creating headwear that steps beyond the predictable and for evoking ‘wearable modernity’ whilst also encouraging people to look at hats differently and see them as the objects of unique beauty that they are.

keelyhunter.com LAURA APSIT LIVENS

Independent milliner, Laura Apsit Livens has merged contemporary design with traditional techniques and has, in the process, distilled a cutting-edge vision into a signature fashion-forward aesthetic. She has come to be recognised for her boxy Matador hats, crisp flat brim trilbies and modern boaters but since founding her eponymous label in 2012 has also experienced success with cloches, saucers, bowlers and even buckets.

Every hat is hand-blocked and individually hand-stitched in her Mayfair atelier to obtain the highest quality finish. Her SS17 collection Semi- Construct focuses on the art of de-constructing classic techniques and “finding beauty in the fragments and parts that make the whole”. By channelling a non-conformist approach, Laura has evolved her brand through the process of deconstruction while celebrating design, balance and proportion.

“Whenever I see something I like, I rip it out or save the image in a file,” she explains. “Then when I come to design a new collection I look back to my pool of inspiration and normally something will stand out more than usual or it may be a subject that has been on my mind quite a lot. That’s and ideally flatters both the wearer outfit”and her wearer the both and ideally flatters where I normally begin for a collection and then I develop it from there.”

Today her star-studded client list includes Paloma Faith, Rita Ora, Jessie J and the Duchess of Cambridge.

lauraapsitlivens.co.uk

HARVY SANTOS

London-based milliner, Harvy Santos, first showed with his collection Birdy at 2016 London Fashion Week. Exuberantly original, his range of 30 handmade headpieces were inspired by the avian kingdom and featured traditional straw materials, luxurious silk gazar and acetate paillettes.

Fusing timeless elegance with 21st century fun, he fearlessly pushes the hat is a highlyadds instils that one personality confidence, of personal fashion, item “A boundaries of fashion, resulting in a new wave of energetic headwear that reflects the zeitgeist of his day.

Born in the Philippines, Harvy started out as a professional ballet dancer in Hong Kong, before going on to study millinery at Kensington and Chelsea College. He has worked for the Royal Opera House and for Noel Stewart and has won multiple awards for his work, including being named The HAT Magazine’s Hat Designer of the Year in 2013. 52 Right: 53 ‘Bay’ headpiece by Entitled Fizzy Pop, his SS17 collection is an effervescent mix of hats and Laura Apsit Livens. headpieces. Combining classic and signature shapes in seasonal shades of pink, white, black, red and grey, his creations are adorned with sprays and sprinkles of bubbly brights and are described as a ‘carbonated couture collision of traditional millinery and pop art’.

“Beyond the enduring appeal of 20th century pop art, I have lately been inspired by the works of Czar Catstick and Merijn Hos,” says Harvy. “My new collection has both a graphic and comic sensibility, and it’s all about surreal, childlike fun. And pompoms. There’s a certain crazy joy that comes from a sugar rush – I think everyone can remember that and I want to capture some of that thrill in the form of a hat.”

harvysantos.com ECO/PHILANTHROPY FOUNDATIONS COULD BE THE IDEAL VEHICLE TO ENSURE THAT THE MONEY YOU DONATE TO CHARITY HAS THE MAXIMUM IMPACT. BUT WHAT ARE THE BENEFITS AND LIMITATIONS, AND WHO IS LEADING THE WAY?

Philanthropy could be said to be a duty of the successful and wealthy. Indeed, the growth of a new entrepreneurial culture has sparked fresh interest in giving back to society. But retaining control over how charitable donations are spent is a perennial issue. A charitable foundation – a non-profit organisation that funds its own activities or donates money to other charities – may be the answer.

In the US, the Internal Revenue Service distinguishes between private foundations funded by a single person, family or company, and public ones that raise money from the general public. The UK, however, lacks a legal definition of a foundation. Britain’s charity regulator, the Charity Commission, says: “All charitable foundations are trusts – that is, they are managed by trustees who may or may not be supported by paid staff. Therefore the difference between the terms ‘foundation’, ‘trust’ and ‘charity’ in the UK is semantic only.”

The UK’s Association of Charitable Foundations (ACF) says that the terms ‘foundation’ and ‘trust’ are used to describe charities with a private and

sustainable income that support individuals or other organisations, with FOUNDATIONS money or otherwise. But, in Britain, the ACF adds, “Foundations are identified as much by what they do as by how they derive their funding.”

The Charity Commission says foundations may make grants or “use their 54 income to finance charitable activity of their own”. The key aim for the 55

trustees is to deliver the stated purpose of the charity. The range of activities JAGGI ROHIT BY WORDS that can be used to do this is huge, ranging from giving grants to other charities, to funding university research, to trying to steer public policy.

Anyone setting up such an organisation joins a list filled at the top by well-known names – the top 300 foundations ranked by giving, according to the ACF’s 2016 report ‘Giving Trends’, include the James Dyson Foundation, the Pears Family Charitable Foundation, and the John Swire 1989 Charitable Trust. The Association reckons that giving by charitable foundations represents 15 per cent of the total private funding of charities. » STRONG STRONG Above: Rural families in Myanmar spend as much as 40 per cent of their income – or time equivalent – on purchasing or collecting firewood. THE TOP 300

The top 300 foundations in 2014–2015 dispensed £2.7bn in grants and another £357m in other charitable giving. That grant spending was up 12 per cent on the previous year, helped by a £185m rise from the Wellcome Trust, which funds medical research. Regardless of the Wellcome Trust’s input, the rise was still 6 per cent in real terms despite a 2 per cent fall in income across the 300 foundations to £2.9bn, of which around £1.3bn was investment income.

In the UK, the distinction between family and corporate foundations is also fluid, especially in the case of family-run businesses. For a business, setting up a foundation can be an extension of its corporate social responsibility programme, but the charity regulators and the tax can get right heart the of to society’s needs” authorities will challenge any use of it to promote the business directly.

That being said, corporate foundations can be effective in enhancing a their small and foundations are giving to runs“Many effective company’s image, and having one can help businesses recruit, especially among young people, who increasingly say that they want to join

companies that have a conscience. According to ‘Giving Trends’ the top 50 of thousands tens of pounds.work the Their corporate foundations gave grants of £232m and another £13m in other charitable spending in 2014–2015.

Meanwhile family foundations were responsible for 62 per cent of grant spending by the top 300, and the top 100 family foundations gave out £1.7bn – up 15 per cent on the year before, or 4 per cent not including the Wellcome Trust’s spending.

The ACF estimates that there are at least 10,000 foundations in the UK. “Just 20 of them are responsible for half of all money given away by foundations,” says Keiran Goddard, head of external affairs at the ACF and a writer of the report, “and the reason we pick the top 300 is that they are responsible for giving 95 per cent of the total.”

56 But that is not to discount the work of smaller organisations. The ACF 57 adds that many effective foundations are small and their giving runs to the tens of thousands of pounds rather than the millions. Their work can get right to the heart of society’s needs. »

Left: A photograph from the 1930s of the Wellcome building on Euston Road, London.

Above: Sir Henry Wellcome, founder of the Wellcome Trust, one of the world’s largest medical charities. In 2008 their company decided not to sell branded bottled water. From that decision the foundation’s annual Slow Life Symposium, which aims to help “accelerate progress towards environmental sustainability”, sparked the Whole World Water campaign in 2013. That includes hospitality groups filtering and bottling their own water, rather than buying in branded water, and donating 10 per cent of the profits from sales to clean water projects.

The aim is to show how positive change can also be good for business. Others agree – Raffles and Virgin Limited Edition are among the hotel chains that have backed the campaign.

“We’re very passionate about what we do,” says Sonu Shivdasani. “Business success comes from combining apparent opposites and while, traditionally, people would say that luxury and sustainability are not compatible, Soneva is all about combining luxury, wellness and Foundations can be much more strategic and long-term in approach sustainability. We offer our guests luxury while minimising our impact than government spending, the ACF points out. Indeed, with successive on the planet and enhancing their health.” UK governments first shifting public work into the voluntary sector and then cutting state funding of that sector, the strategic role of foundations The Soneva Foundation has funded tree-planting, clean cooking, sanitation can be said to be ever more important. and clean water campaigns in locations such as Myanmar, Thailand and Sudan. Its partners include Impact Carbon and myclimate, both working Foundations can also concentrate on areas that governments do not in the area of climate change. Its long-term work in that field could be said tackle effectively, perhaps because politicians do not perceive a benefit to be especially important given the way that ideological starting points in their poll standings, or because of ideological antipathies. influence politicians’ responses to the subject.

Sonu Shivdasani and his wife Eva Malmström Shivdasani’s hotels are seen “We decided that we could make small changes to our business model that as having brought the very top end of luxury to the Maldives. They set up would not affect our profitability but which could raise a lot of cash for good the Soneva Foundation in 2010 by to tackle some persistent problems for “Sonevaour is all aboutguests offer luxury luxury, combining and sustainability. wellness while We causes,” says Shivdasani. To offset all direct and indirect CO2 emissions people around the world. from its activities, the hotel chain’s mandatory carbon levy of 2 per cent of 58 its room rate has raised close to $6m to date, which has been used to fund 59

minimising planet impact our the and on enhancing health” their The couple started out in 1995 setting up resorts in the Maldives and the Soneva Foundation. “The foundation has been funded by zero donation,” Thailand under the Six Senses, Evason and Soneva brands – including, in says Shivdasani, “but instead by changes in the way we do business.” 2001, the first resort in the Maldives to be built completely over the water. In 2008 Soneva introduced a 2 per cent levy to offset carbon emissions, In the year ending December 2015, the Soneva Foundation’s latest which continued after the sale in 2012 of the Six Senses and Evason parts accounts show that it made grants and donations of £595,000, with an of the business. income of more than £163,000 including £5,000 of investment income. The previous year its grants and donations totalled £755,000, with an The Soneva Foundation’s UK charity registration describes its aims as income of more than £633,000 including £34,000 in investment income. » being the funding and assistance of clean energy projects and clean water projects. To that end, the Shivdasanis have developed a way of using luxury tourism both to raise awareness of vital problems among people with the means and influence to make a difference, and to raise Left: Sonu Shivdasani. money to alleviate those problems.

Right: Founders of the Soneva Foundation, Sonu Shivdasani and Eva Malmström. HOW TO BE EFFECTIVE

A newly set-up foundation has a legal obligation to deliver public benefit. An efficient way to do that is to use charities that operate in the same areas. But one of the biggest problems, according to the ACF, is finding the right projects, people and organisations to deliver the foundation’s objectives.

‘Giving Trends’ says that education and training receives the lion’s share of grant funding, followed by health and arts and culture. There is no shortage of charities in those and other areas looking for funds. “An old STARTING SMALL joke in the sector is that when you set up a foundation you are always the best-looking and most interesting person in a room,” says Goddard. “The ACF is a space where foundations can share knowledge and good practice initiatives among peers without the pressure on their funds.”

The irony is that for successful businesses and wealthy families, putting money into foundations may be easier than working out how best to A foundation can be started with much less, though. In the UK, the threshold for mandatory spend it. The good news is that there are forums that serve to make that incorporation, which allows employing staff and owning premises, is an income of £5,000. There are task easier. And some very effective examples to follow. two routes – either as a charitable company, or as a charitable incorporated organisation with the Charity Commission or its equivalent in Scotland or Northern Ireland.

One of the key issues for such an organisation is defining an area of benefit, which means that regulators have something to measure actual activity against. Below, left: A man foraging for wood for cooking fuel; One way to simplify this is to have a widely drawn purpose. The charitable right: a father and child carry water from foundation set up by the Weatherbys group, which has its origins in the well. horse racing, has a broad brief of donating “to such charities or for such charitable purposes and in such proportions … as the foundation may determine”.

Spending targets can change from year to year. The Weatherbys Charitable 60 Foundation accounts, says: “The Weatherbys Charitable Foundation has committed in 2017 to support a number of small charities in Northamptonshire close to its headquarters and one in Ireland, close to its office and laboratory there. The charities all provide care, support, therapy and assistance for children and young people. The selected charities for support in 2017 are: Autism Concern, Mayday Trust, Thomas’s Fund and Sensational Kids. Above: Air pollution from domestic cooking is Another key issue for foundations is tax status. While there is exemption may best spend out how be easier it” to working foundations than responsible for the premature deaths of from taxation on money that goes into a foundation, those funds then 4 million people a have to be used exclusively to benefit the public in a way that satisfies the year. Here a woman prepares a meal using Charity Commission. the five-minute stove provided to her by the Soneva Foundation; by containing the fire, But foundations do have considerable freedom to pay out or retain funds the stove reduces air as most appropriate to the needs of projects and causes backed – although pollution by up to 80 per cent, providing the ACF points out that regulators might start to probe more deeply if they a much cleaner method

of cooking. see a long period without any disbursements. putting successful families, businesses money into and“For wealthy WORDS BY

63 RACHEL DYER

WHO KNEW THAT ONE OF THE WORLD’S ONE OF THE WORLD’S THAT WHO KNEW IN LIES NESTLED CLUBS PRESTIGIOUS MOST CORNER OF THE BREATHTAKING A SECLUDED DYER RACHEL HIGHLANDS? SCOTTISH CARNEGIE WHY SKIBO CASTLE’S DISCOVERS CLUB IS SO MUCH MORE THAN A MEMBERS’ CLUB TRAVEL & SPORT HIGHLANDS A HOME IN THE IN THE A HOME 24/05/2017 11:41 +44(0)20 3802 7010 [email protected] 37 Redchurch Street, Shoreditch, E2 7DJ Shoreditch, 37 Redchurch Street, AILORING T RITISH B ODERN M

+44(0)20 3802 7011 35 Bruton Place, Mayfair, W1J 6NS Mayfair, 35 Bruton Place, [email protected] timothyeverest.co.uk WB02 TIMOTHY EVEREST.indd 1 “Dinner at the large communal table consists of the finest produce grown on the estate”

The word ‘exclusive’ is often bandied around when it comes to private members’ clubs, but in the case of The Carnegie Club, it is well and truly justified. Andrew Carnegie, one of history’s greatest philanthropists, arrived at Skibo Castle in 1898. A steel magnate, he was also one of the world’s richest men of his time, and it is his multi-million pound renovation that established the castle as the opulent setting that it is today.

Carnegie’s legacy couldn’t have ended up in safer hands than those of Peter Crome, under whose watchful eye the likes of St Andrew’s, Chewton Glen and the Savoy have prospered. Skibo, however, is surely his proudest accomplishment – a Scottish estate that is incomparable to anything else in the UK. There’s world-class golf, shooting, fishing, riding and quad biking to sate the desires of even the most accomplished country sports enthusiast, and mouth-watering dining and sumptuous 64 accommodation to make you feel at home, except better. The cosy 65 Previous page: Edwardian-style furnishings have remained unchanged but thoroughly The view of the majestic Skibo Castle. well maintained since the Carnegie family called the castle home.

This page: Dinner is served at the large communal table, Guests sleep in superbly appointed rooms, both within the stunning once used by Andrew Scottish Baronial architecture of the castle, and in the 11 family lodges Carnegie himself. that are dotted around the 8,000-acre estate, only to be awoken by the Opposite page, from top: atmospheric sound of bagpipes from the player who paces the grounds The chefs at Skibo are wearing the mandatory kilt. A peek out of the window reveals views over passionate about food, and it shows through immaculate gardens and rolling greenery and you might catch the falconer on the plate; All meals are made with the with his birds of prey. Lily the barn owl has been known to keep watch finest produce grown on the estate. from her perch in the hallway at breakfast.

The first meal of the day – homemade granola, jams and croissants, fresh kippers and the Scottish classic, kedgeree – is served to the sound of the organ playing, and true to Skibo’s reputation for immaculate service, staff will remember how you like your eggs and coffee. » The culinary offering only gets better from here, with an extensive menu crafted by Executive Chef Craig Rowland. After an al fresco lunch, dainty cucumber and smoked salmon sandwiches are served at afternoon tea, and dinner at the large communal table (which was once used by Andrew Carnegie himself) consists of the finest produce grown on the estate, as well as locally sourced meat, game and dairy. Highlights are the Scottish beef and the indulgent chocolate tart, eaten with beautiful silver on a stunning table setting featuring grand candelabras and the finest crystal.

The food comes hearty and wholesome, and thank goodness; days at Skibo Castle are action-packed, high-energy and outdoorsy. Get on the water in a zorb on the spectacular steel-framed glass-paned pool, or take a boat onto Loch Evelix for a spot of fishing with one of the castle’s knowledgeable ghillies. Adrenaline junkies can take an off-road quad-bike adventure, go rock climbing or whizz around the grounds on segways; and animal lovers will love trekking across beaches and through forests on the Skibo Stables’ horses. CELEBRATING THE OPULENCE OF THE ROCOCO PERIOD, If that’s not entertainment enough, practise your clay-pigeon shooting skills with a lesson from an expert, or play a round of golf on the 18-hole CLIVE CHRISTIAN PERFUME INTRODUCES NOBLE VIII, A DUO championship course. Situated on the banks of the beautiful Dornoch OF FRAGRANCES THAT ENCAPSULATE THE CHARM AND Firth, the Carnegie Links is rated among the world’s finest, and because it is totally private, holes can be played in any order you please. LYRICISM OF THE FRENCH ARTISTIC MOVEMENT

If you would prefer to slow it down a notch or two, take a peaceful walk around woodland and hills of heather, before retreating to the Skibo Spa for a full body massage or a luxurious hot stone treatment, followed by the Above: Paying homage to the selection of some of the most iconic steam room and a swim in the ozone-treated swimming pool. Hunting is just one of ingredients and infl uences of the era, Noble VIII evokes a the many activities the castle has to offer. feminine yet alluring feel to refl ect the elegance and grandeur

The day ends with a jolly gathering around the grand piano for whisky, singing Below: of the Rococo movement. and good conversation, before sinking into a comfortable bed tucked up with The castle’s spectacular steel-framed glass- the hot water bottle left on the pillow by attentive staff at turndown. paned pool. Although the perfumes are both rooted in the Rococo period, both fragrances are imbued with their own distinct personality. Th e Noble VIII Magnolia evokes femininity with

OF SUCCESS OF SUCCESS the use of sweetpea, rose, magnolia and cassis, while the Noble VIII Immortelle is a velveteen scent with a masculine depth and notes of amber, Immortelle and calming papyrus.

Noble VIII Magnolia refl ects. Th e frivolity of the time is echoed in the use of fl oral scents and alluded to in the Chinoiserie 66 pattern of the packaging. While the top notes of bergamot 67 and mandarin provide a refreshingly green tang, the heart notes – a combination of rose, magnolia, cinnamon and clove – give it a heady spiciness complementing the woody base of sandalwood and oakmoss which give a gently earthy fi nish.

Referencing the playful, overt side of Rococo, Noble VIII

SCENT Immortelle opens with the bright, fresh notes of bergamot and lemon but contrasts the velvety scent of the namesake fl ower, Immortelle, a fl ower that never fades in colour even when dried.

When fused with woody undertones of amber and vetiver, it produces a masculine depth, which lingers on the skin to off er a scent that unravels overtime to reveal its true complexity.

“Take a peaceful walk around woodland a peaceful “Take around and walk Skibo the Spa” to retreating before hills of heather, THE clivechristian.com TECHNOLOGY PERFECT PERFECT SOUNDS

68 69 EMILY PECK BY WORDS

HEADPHONES HAVE COME A LONG WAY FROM THE CHEAP FOAM-COVERED MODELS THAT CAME WITH SONY WALKMANS A FEW YEARS AGO. THE LATEST VERSIONS, CALLED HEARABLES, ARE SMART ENOUGH TO TRACK YOUR ACTIVITY, SET WORKOUT GOALS AND TRANSLATE LANGUAGES IN REAL TIME “The most exciting innovation this year is translation earphones, which convert languages in real time”

to act like personal assistants, like an in-ear equivalent of the Amazon Previous page: An urbanite wears Echo or Google Home. That’s what German start-up Bragi is aiming to Doppler Labs’ smart buds, which contain achieve with its Dash earbuds. Slide the pad on your right ear and you can Smart Noise Filters that let you reduce flick through 1,000 MP3s, switch between different modes and answer or background noise. reject a phone call. Slide the pad on your left ear while you’re swimming, Opposite page, cycling or running and The Dash will give you audio updates on your pulse from top: A woman enjoys a and respiration rates. moment of bliss, as she uses her Here Buds™ to turn down the volume Beyond start-ups, older companies have adapted their range of headphones of the real world. The CLIK headphones from for the hearable era. Danish firm Jabra helped pave the way for hearables Mymanu can translate having been one of the first companies to develop noise-cancellation 37 languages. technology and in-ear speakers. Its standout product is the Elite Sport, Below: With the gesture designed to cope with the most strenuous of workouts. interactions of The Dash, you can nod to accept a phone call or shake your head to Like most hearables, the Elite Sport looks stylish but Oakley has brought to decline it. market its Radar Pace, which is actually a pair of sports sunglasses attached to which are the smart earbuds. They cleverly combine the classic Oakley aerodynamic design of sunglasses with the function of a hearable. Simply tap or swipe the shades’ temples to adjust the volume, control the music and Could 2017 be the year that hearables replace wearables as the most answer calls. But what makes it a must-have is the voice-activated coaching exciting consumer technology? These are wireless headphones that do that creates workout plans based on your ability and goals. so much more than play music, just as an Apple Watch does more than simply tell you the time. They are computers in your ear, connecting However, you don’t have to get sweaty in a gym to appreciate hearable to Wi-Fi to make music sound better than ever. Some even track your technology. Perhaps the most exciting innovation this year is translation fitness by monitoring your heart rate, while others translate languages earphones, which convert languages in real time. The Pilot from New York’s in real time. Such cutting-edge technology explains why the hearables Waverly Labs supports five languages (English, French, Italian, Portuguese, market is set to boom. Some experts predict that it will grow by 120 per cent Spanish). For it to work, both the speaker and the listener need to be wearing in the next 12 months and be worth a staggering $16bn by 2020. an earpiece. It will cost around £205 when it launches in the US late this summer. Expect it to cross the Atlantic if it proves popular. » Many of the big tech names are investing heavily in hearables, including 70 Samsung, Sony and Apple (of whom more later). But as is often the 1971 way with tech, it’s the start-up companies – founded by highly driven pioneers with a point to prove – that are leading the way.

Take San Francisco-based Doppler Labs, founded in 2013 by musician and film producer Noah Kraft. After raising millions through crowdfunding site Kickstarter, and recruiting staff from Apple, Amazon, Google and Microsoft, the company launched its Here One™ smart earbuds. They contain Smart Noise Filters that let you choose which ambient sounds you hear while listening to music. For example, you can turn down aircraft noise but keep the flight attendant loud and clear. It’s possible also to reduce wind noise while cycling and background chatter in busy offices.

Personalising your audio experience in this way is called ‘augmented hearing’. As hearable technology develops, customers will demand more nuanced ways to control what they hear. They will also want their devices But, back down to earth, it will come as no surprise that Apple is in this market too, albeit with a considerably smaller price tag. Having launched the iPhone 7 in September 2016, the latest incarnation of its best-selling phone came with AirPods, the company’s first wireless in-ear headphones.

But as hearables go, they are relatively basic, so what is Apple planning next? The answer probably lies in the patents it has been granted in the US, including one last November for a ‘Sports monitoring system for earbuds/ AirPods’. Another patent shows Apple planning earbuds/AirPods that sense vibrations in the “Facebook is working on a brain–computer interface interface a brain–computer on is working “Facebook wearer’s skull to fade background noise during phone calls.

With Apple’s track record of turning embryonic tech into desirable products, you wouldn’t bet

Instead ofInstead writing emails, you’ll just ‘think’ them” against it rewriting the rules on hearables.

Soon, though, even hearables may seem old hat. typed into them ‘reads’ thoughts text. and your that translates The next frontier could be brain-hacking, with Facebook playing the leading role. In April it revealed that it has 60 engineers working on a brain–computer interface that ‘reads’ your Above: But if you don’t want to wait, you could buy a pair of CLIK earphones thoughts and translates them into typed text. A woman keeps track of her performance from Manchester company Mymanu. They went on sale in May priced Instead of writing emails, you’ll just ‘think’ them. with the Jabra Sport This can already be done with surgical implants, Life app’s in-ear £155, and can translate an incredible 37 languages, making it invaluable audio coaching. for any globetrotter, whether you travel for business or pleasure. helping paralysed people to communicate, but Opposite page: Facebook’s ambition is to make a system that The Pilot smart earpiece and app All these hearables are practical devices built to withstand the bumps doesn’t require an operation but will probably by Waverly Labs work by analysing brain waves. translates between and sweat of daily exercise but there are more luxurious headphones users speaking designed purely to dazzle and at prices to reflect that. Until relatively different languages. recently Sennheiser could boast that its Orpheus headphones, priced The technology is still some way off, and £35,700, are the world’s most expensive. But Sennheiser was out-priced Facebook’s founder Mark Zuckerberg admits that earlier this year by two headphones unveiled at CES 2017 (Consumer it’s “pretty far out”. But when it arrives – as it 72 73 Electronics Show) show in Las Vegas. Studded with 20-carat diamonds, surely will – life will never be the same again. the H900M from Japanese company Onkyo costs a cool €80,000. In a delightfully opulent touch, the right headphone is distinguished from the left by an extra ring of rubies.

Not to be outdone, the French have thrown their jewel-encrusted tech hat in the money ring with the launch of the Utopia, jointly made by French company Focal and Parisian jewellers Maison Tournaire. Priced €100,000, the ear pieces are designed with 6-carat diamonds set within 18-carat gold ear cups. WORDS BY

75 ROB CROSSAN EPICUREAN WHERE THE THE WHERE YOU DON’T NEED TO BECOME A VEGETARIAN DON’T BECOME A VEGETARIAN NEED TO YOU MAKE A DIFFERENCE. GETTING YOUR TO ADDRESS COULD HELP TO HANDS DIRTY INDUSTRY OF THE MEAT THE PROBLEMS WILD FOODS ARE FOODS WILD 74 Mention the concept of ‘wild food’ on the Clapham Omnibus, and you’re likely to get wildly varying responses.

For one person, it’s an amazing way to become more fully acquainted with the ideas of sustainability. This method of symbiosis with nature gives us a greater understanding of the natural journey of food, and the bonus of a meal with a kick of freshness that no supermarket can ever provide.

On the other hand, you might get a reaction that doesn’t delve too far beyond an initial grimace at the idea of having to gut an animal. Or they may just have heard of Fergus Henderson’s dishes of squirrel or sweetbreads (a calf or lamb’s thymus gland for the uninitiated) and bolted straight for the nearest pizza restaurant.

Of course there’s nothing new about the idea of foraging, gathering and hunting for our supper, yet the array of celebrity chefs, such as the aforementioned Henderson of St. John fame, René Redzepi of Noma in Copenhagen and Penny Wabbit of London’s OXO Tower restaurant, have done much to encourage us to look beyond a package of filleted meat on a polystyrene tray in a chill cabinet as the beginning and end of the food cycle.

However, unless you’re Bear Grylls, the idea of simply roaming the countryside randomly picking up plants and laying traps for animals in the hope of surviving off the returns is a concept that would all but certainly leave stomachs rumbling. »

76 77 Previous page: The sun peaks through the treetops; Freshly picked chanterelles from Hunter Gather Cook.

Opposite page: An open fire is used to prepare the food and finds of a long day foraging in the forest.

Above: Nick runs his foraging, butchery & cookery courses from a 30ft tree house that serves both as his HQ and off-grid kitchen.

Left: A group gathers around Nick, as he explains the edible treats our immediate nature has to offer. 78 and hissurrounding. to redressing do with man the balance between and far more a thirstdo for with sports blood For the less uniquenessto HGChas of Nick, to prepareguests and eat. their haulback to for base bringing and duck, hunt for partridge pheasant, rabbits, stalking, Westonon the season, and histeam go deer will treehouse, depending rustic inasuitably Based the meat to eaten.” be to toand prepare us workthe skin guests with them inadvance“We gut butthen it’s to down straight animals fromthese the woods,” he says. to the source, “We taking go right Islands. Cook Shipwrecked inthe the realityon show based a veteran foodie working wild histime through dinner,” says Weston, founder the project of and “We reduce you the distanceand your between overcooking the fire. and from foraging and fishing to butchery that provides courses ineverything, countryside Gather in the (HGC), Sussex a project Cook deep introduction than Nick Weston at Hunter nowhere provides UK the in more a thorough And advice isessential. expert foraging, of comes it to the re-learning language When Gather Cook. Cook. Gather Nick Weston Hunter of Right: over the flames. slowly roasting Game Above: team. his Nick and by prepared arranged and delicatelyingredients fresh and Wild Opposite page:

to be butchered then, very occasionally,to butchered be then, very may instead it alamb be that » isn’t possible,” says Weston. “We always say that if we can’t a deer shoot ourjob isto to of helppeople understand what isand and part a factory “Nature to carefully managed. need be consume, expectations they isn’t For the meat with whoare and those personal to close up being unused industry.”agricultural to willing buybe the £3chicken produced conditions the of inthe barbaric fewer might people consumers really If what are know they getting, dairy? more by pressing good for genuinely transparent ourmeat of and labelling products thanabandoninganimal altogether,“Rather couldn’t we do the we animals eat: approacha similar to reaching and humans understanding anew between beforespeeches his death year, last theAA Gill,motioned late food critic Weston’s public isfar opinion. standpoint hislast Inone from of aminority resources.” wild way managing of from wood and using whereplants the woodland the roams animal isour foodsmoking overof taste.sensation the fire is the sixth Foraging for from to together woodland plate,”“We everything tie says Weston. “For me,

“It’s about squaring the circle from foraging to hunting to butchering to cooking and smoking over fire” 79 Right: Nick’s signature ‘Wild Bloody Mary’ is a perfect recipe to make use of all those tomatoes from your greenhouse.

Below: Nick spent seven months training his Norfolk cross Jack Russell terrier to find truffles. Here his hard work has clearly paid off.

we’ll provide. Because we’re sourcing the meat ourselves, we’re a part of every single process from pulling the trigger to eating it. We’re very responsible for our meat and I don’t think there’s any flies on us on the sustainability front.”

Ultimately, despite the impeccable environmental credentials, the upswing in the fortunes of the wild food approach wouldn’t work unless the end product on our forks actually tastes good.

It’s an expectation that Weston, thankfully, grasps. And, according to his guests at HGC, the surprise factor in how wild food can taste is one of the greatest elements of the experience.

“People expect game to taste overwhelmingly gamey” says Weston. “Most people who have tried venison have had it from supermarkets, who get it from big old animals as the stalkers get a bigger income from a bigger animal.”

“We source our deer more carefully and we get prickets, which are male bucks about 18 to 24 months old. They’re smaller, younger and therefore taste a lot better without an overpowering taste. I could happily eat venison tartare from the back strap of the deer every day. And everyone should try bullet of venison as well – it’s a wonderful showcase of flavour from the back haunch of the animal.”

Unlike French supermarkets, where the shelves are heaving with game products like rabbit meat (albeit farmed rabbit), the availability of wild food in Britain still leaves a lot to be desired. Yet slowly and incrementally, as Nick observes, it may just be that we’re beginning to think a little more candidly about what goes into our mouths, and where exactly it comes from. 80 “There’s no element of farming or artificially manipulating the environment with us,” Weston concludes. “We accept nature as it is and – just as it once was – we work with what it provides, rather than against it.” “We accept nature as it is nature and, just “We accept as it once it provides” what with work was, we GAME HOME & GARDEN GENERATION GENERATION THE THE

82 83 A HA R E K AW H Y H CAT BY WORDS

CATHY HAWKER ASKS THE PROPERTY EXPERTS TO OUTLINE THE QUESTIONS AND ISSUES FOR PARENTS HOPING TO HELP THEIR CHILDREN GAIN A FOOTHOLD IN TODAY’S TESTING HOUSING MARKET “Happiness,” said the American comedian George Burns, “is having a large, loving, close-knit family in another city.” The irony of that quote is not lost on today’s millennials, many of whom have had to reluctantly boomerang back to the family home after leaving university. With the average London property price having broken the £500,000 marker, more than 14 times average earnings, how can parents and grandparents provide the most effective helping hand to younger generations eager to get on the housing ladder?

Lindsay Cuthill, Head of Savills Country Department, highlights the problem. “Even wealthy buyers are being priced out of prime central London, where £750,000 doesn’t stretch far,” she says. “Then consider that a £600,000 property with a 25 per cent deposit probably requires a six figure salary to service the mortgage, and you understand the importance of strategic investment in helping millennials onto the housing ladder.”

Cuthill suggests investors start by considering three questions. First, what is the main criteria for the purchase: do you wish to maximise yields, see capital growth or have the property for family use? Second, how long is the window of investment: five years, fifteen years or longer term? And third, is the investment for one child or more?

“To maximise capital growth, for example, I would look to the new areas of south-east London, where significant infrastructure improvements are planned,” he advises. “If you had bought in Shenfield at the end of the planned Elizabeth Tube line fifteen years ago you would have seen incredible growth. And while values in prime central London are falling, they are still rising in Barking and Dagenham. These areas have dramatically out-performed older, more established markets.”

Typically parents look to help children onto the property ladder once they have left university but those buying for children still at school are primarily focused on rental potential. For them, popular locations include university cities because they provide a steady stream of tenants, notably Bristol, Oxford, Cambridge and York. »

84 85 Previous page: A young couple takes a break from painting their newly acquired property.

Right: New Oxford graduates walk towards their graduation ceremony in New College Lane, Oxford. “To maximise capital growth, for example, I would look to the new the to maximise look I would example, “To for capital growth, planned” of significant south-eastareas London,are where improvements infrastructure Opposite page: Happy parents congratulate their son and daughter-in-law on their newly acquired house. Right: An illustrated map by Walk With Me of the popular and bustling Peckham area in south- east London.

Opposite pages: A young couple, keys in hand, admire their new home

Following page, from top: The charming Columbia Road in Hackney is famous for its flower market; A young couple examines the blueprints of their new house.

UK rental yields vary from 2 per cent in London to over 6 per cent in parts of Leeds or Manchester. But of greater importance in the current low interest rate environment, suggests Charles Curran, Principal and Market Data Analyst at Maskells, is capital protection.

“This can never be guaranteed but can be managed by buying property in areas with low mortgage debt balances, information easily available through the Office of National Statistics,” he says. “In 2009 we saw greater price volatility in areas with higher mortgage debt, so if you are forced to sell, perhaps because of job loss or an exponential increase in mortgage rate, areas with high loan-to-value ratios will de facto have more sellers and therefore greater price volatility. Overall remember that the best way to protect capital is to buy in the right location.”

Weatherbys Private Bank can lend to clients aged over 70 who may want 86 87 to help buy children their first home, a sensible approach to family wealth planning but one that can highlight different expectations, particularly on property location. On-trend London areas popular with younger residents, Hoxton and Hackney for example, were simply not on the map twenty years ago and might not resonate with more mature purchasers.

“Investing for your family tends to be a learning curve where parents and grandparents set out with one agenda but then budget constraints or informed opinion opens up other possible options,” says Cuthill.

A good example comes from Marcus Bradbury-Ross, Director at The London Resolution. His British clients planned to buy three investment properties in the new developments around Battersea, primarily to provide an

“Overall remember that the best way to protect capital capital protect to best way the that “Overall remember right buyis in the to location” income for their three children, all over the age of 18. Bradbury-Ross » “On-trend London areas popular with younger residents, Hoxton and Hackney”

suggested creating a more mixed, yield-based rental portfolio combining some properties in new schemes with some set to gain from the Crossrail route. The family followed this advice, buying five properties over two years and placing three of them in their children’s names.

“The children do not live in the homes themselves but benefit from a physical income and inheritance,” says Bradbury-Ross. “One son is now working in London on a salary of £25,000, which would not allow him to borrow more than £100,000. The investment makes financial sense and marks my clients as sensible legacy providers.”

Rising transactional costs, notably Stamp Duty which, since March 2015, can hit 15 per cent for second homes, have further forced families to consider the best way to structure estate planning. Investors face a rapidly changing landscape of new rules and taxes and while they should not 88 expect the same returns as seen in the past, helping children on to the housing market remains a common request.

“The old cliché that inheritance tax is a tax you choose to pay means sensible financial planning will invariably consist of property because the last thing most parents want to do is hand over a six-figure cheque to their children,” says Curran.

Buying property is often only the start of the process, he adds. “We have seen parents provide deposits and then guarantee mortgages but then many may also help with mortgage repayments by making regular gifts from surplus income over expenditure which is reasonably tax efficient.”

Yet another thoughtful consideration for financially astute parents who can afford to give their children a leg up onto the property ladder.

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EDUCATION 91

A CAREER-TRANSFORMING, LIFE-CHANGING JAMES WALLMAN BY WORDS LEARNING EXPERIENCE, JAMES WALLMAN

SETS OUT TO EXPLORE THE HISTORY AND ATTRACTION OF THE MUCH COVETED MBA COURSE OF COURSE Previous page: Of course, MBAs are expensive. They take a lot of time and cost a lot of money. Founded in 1348, Gonville & Caius is one But MBA graduates tend to pay off the cost of the course within around of the oldest colleges of the University of four years, including the requisite living expenses and the opportunity cost Cambridge; A Harvard graduate takes a of what they would have earned over that period. They tend to earn a lot last look back at his more after than before. MBA graduates from the top 50 business schools, university. according to the Financial Times, earn between 70 per cent and 142 per cent Left: Jesus College of more than they were earning pre-MBA. the University of Cambridge. Besides the money, people with MBAs tend to progress faster and go further. Three out of ten CEOs at the world’s 500 largest listed companies by market capitalisation are led by an MBA graduate, also according to the FT.

So MBAs help if you want to earn more, get ahead and lead a large organisation. But are they also relevant for startup entrepreneurs? “Sure, startups are asking why they need an MBA,” says Jonah Berger, author of bestselling books Contagious and Invisible Influence, and associate scoff at the idea of someone with zero political experience in power, there’s professor of marketing at The Wharton School. “You don’t need one to have another view that says it makes perfect sense in a business-oriented an idea, but to grow that idea, understanding management certainly helps.” country like the US.

Many of today’s most newsworthy startups are the work of MBA grads. Take the US’s pioneering graduate business schools, for example. The first For instance, Deliveroo was co-founded by a Wharton MBA, and has raised business schools were founded in the 19th century in Europe, in cities almost half a billion dollars in funding. like Paris, Antwerp and Budapest. But the first Masters in Business Administration (MBA) – now considered the gold standard in business So now you’re thinking about an MBA, there are further questions to ask. education – were first taught in the US, four decades before they were taught A regular MBA or a specialist one? Full-time, part-time or online? And perhaps anywhere else. most important, where?

Harvard University ran the first MBA programme in 1908. Based on the If you’re a purist, and you want to lead one of the world’s largest companies, ‘scientific management’ revolution influencing industrialists like Henry you’ll want one of the leading schools, like Stanford, Wharton, or Cambridge Ford, it was a turning point in business education, and instantly popular. Judge. These schools pride themselves not only on teaching the ‘hard skills’, From 80 students in 1908, Harvard’s intake rose to 300 by 1920 and to like financial management and decision-making, but also on ‘soft skills’, more than 1,000 by 1930. especially leadership and networking.

As capitalism took off in the 20th century, so did the allure of business, “A key question for any prospective MBA student to think about,” says business schools and the MBA. In the US today, more master’s degrees are Jaideep Prabhu, co-author of Frugal Innovation and marketing professor at My favourite line about America’s most outspoken awarded in business than in any other discipline – almost 200,000. And Cambridge Judge Business School, “is not only the book knowledge you need, businessman was a comment made by Kellyanne there are now hundreds of business schools all around the world, from the like finance and marketing, but also about the practical skills that will help Conway in November, just after the election. Indian Institute of Management in Ahmedabad to INSEAD in Paris and you to communicate, manage emotions, lead teams and motivate others.” “It’s a great story for America that someone with Singapore, from Boston, Massachusetts, to Cambridge, England. zero political experience can pop in and become If you’re more practical than purist, and especially if you have children or president of the United States,” she said. “It really The thought of an MBA, then, sparks many questions. But there’s only some other reason to stay put, you’ll consider a school closer to home, or is the American dream.” one place to begin: should you get one? The answer is surprisingly simple. an online course, which are rising fast in popularity. According to higher I’ll assume that you value status, a certain standard of living, health and education organisation the Graduate Management Admission Council, Think about this statement for a moment, and longevity. If you do, the answer is yes. online courses will have risen by 9 per cent in 2017. While you might miss you can see she’s right. President Trump does out on some of those networking opportunities, you’ll probably still earn encapsulate the American dream. And he does As Sir Michael Marmot, one of the world’s leading public health experts, “The first in Masters first Business were Administration more after completion: a friend of mine upped his salary from £40k to 92 this through two indisputable facts that both shows in his book Status Syndrome, status is key to a long, healthy life. And 93 a whisker under £160k within three years of finishing an online MBA begin with the letter B. while money is important, the closest correlation to status can be found

taught else” anywhere were they decadestaught before US, in the four at Warwick. » in the level of educational achievement. Graduates, in general, live longer First, Trump is a billionaire. That doesn’t just than those who drop out of education after high school. Those with master’s mean he’s rich. As Alexis de Tocqueville observed degrees outlive graduates. Doctors live longest of all. Above: in Democracy in America, in a fluid society like The famous Radcliffe the one in the US, a person’s worth is measured Camera of Oxford University. by their wealth. So Trump’s money is not only a Left: measure of his financial power. It also signifies Graduates of that he is worthy of respect. Cambridge University.

The second B is for businessman. According to former president Calvin Coolidge, speaking back in January 1925, “The chief business of the American people is business.” So, while some hugo tt & ttoby

“Three out of ten CEOs at the world’s 500 largest listed companies by market capitalisation are led by an MBA graduate”

Once you’ve decided on your mode of study, you’ve got to narrow down the style of MBA. One of the core benefits of the MBA has always been its generalist nature. The skills are transferable and the network wide. But, today, many people already know the area they want to pursue, so specialist MBAs work for them. If you’re one of them, and already set on a career in shipping, CSR, tourism, sports management, music, there’s probably a tailored MBA out there to suit your needs.

Another question worth asking. With the rise of MOOCs – Massive Open Online Courses – do you even need to shell out the required thousands to get the skills? Couldn’t you get the ‘hard skills’ online, and spend more time working on networking and learn leadership skills elsewhere?

So having made the decision to MBA, more complex answers as to where, 94 how and whether it’s really right for you still need to be answered. This page, top to Experience the exceptional bottom: Moors Hall of the Radcliffe Quadrangle But despite the clear benefits, an MBA isn’t essential for success. After all, at Harvard University; The ultimate compact British HiFi A happy MBA student seven out of ten of the world’s largest listed companies by market cap are poses for the camera led by people who aren’t MBA graduates. And America’s CEO, while he during class. may have once have had his own eponymous university, doesn’t have an The Hugo TT range is ideally suited to compact living environments, where space is at a premium. MBA either. But that doesn’t mean you need to compromise on the purest audio experience possible. Whether it’s a bedroom, a studio, or even an office, Chord Electronics will never miss a beat.

Pictured: Hugo TT and TToby

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WEATHERBYS LIFE

98 99

RHS CHELSEA FLOWER SHOW R OYA L ASC OT HENLEY ROYAL REGATTA MASTERPIECE LONDON FLOWERS & GARDENS LUNCH & RACING A UNIQUE EVENT THE BEST OF THE BEST

CHELSEA | 23 – 27 MAY 2017 ASCOT | 20 – 24 JUNE 2017 HENLEY | 28 JUNE – 2 JULY 2017 LONDON | 29 JUNE – 5 JULY 2017

RHS Chelsea Flower Show sees a collection of the world’s leading A highlight of the British social calendar, Royal Ascot is a spectacle One of the foremost social occasions of the British summer, Henley is Over the past seven years Masterpiece London has established itself garden designers, florists, and plant specialists come together to of style revered as much for the sense of occasion as for the action undoubtedly the best-known regatta in the world. In collaboration with as the leading international event for viewing and buying the finest create an inspiring wonderland of horticultural displays. Guests of on the racecourse. Weatherbys will host guests for lunch in a private American Express, guests of Weatherbys Private Bank will enjoy a truly works of art. Guests of Weatherbys Private Bank will enjoy an evening Weatherbys Private Bank enjoyed After Hours access including a box within the Royal Enclosure, offering some of the best facilities on unforgettable day from the privacy of a beautifully restored temple, of champagne and a private curatorial tour of the fair by Gladwell champagne reception and private tour of the show’s highlights. the course. situated on its own island with spectacular views. & Patterson, a truly unmissable event of the summer season.

rhs.org.uk ascot.co.uk hrr.co.uk masterpiecefair.com 1. What has money helped you to achieve in life (or business) of which you are Q&A most proud? Money has allowed us to live a family life we can share together with time to spend with the children in the evenings, at weekends and on holiday. MY MONEY MATTERS Luckily, we’ve never had to worry about whether we have to choose WILL HOBHOUSE between paying for the next meal or paying the rent.

2. Would you say you’re a spender or a saver? Bit of both but will spend spontaneously when the urge hits! On the other hand, it’s always good to protect the downside – and we never ‘bet the farm’.

3. What’s your greatest extravagance? Travel and holidays. We tend to go ahead and book rather than add to a ‘bucket list’. It seems to me pretty silly to end up in a box whenever that happens with a full chequebook!

4. Wisest investment? Our own home since I first bought in 1981 and then progressively bought and sold. The tax regime and increasing house values have made this both the wisest and best investment in our lives.

5. Most prized asset? Photographs and albums of all of us over 28 years of marriage. The joy of looking at photos of the children as they grew and the good times we have all had together.

6. Everyday luxury? Epsom salts and scented oil in the bath – nothing more relaxing.

7. What do you hate wasting money on? Parking tickets, fines of all sorts, congestion charges, anything where I feel ripped off, credit card fees (pretty much always avoided), phone bills, utility bills, taxes of all sorts.

8. What do you think is the single best thing anyone can do to prepare for a financially secure future? For our generation it has been buying our own homes. There are still opportunities for the young to do this but much trickier although I am sure following Crossrail east and west is good as is redeveloping property even on a small scale, for example making the ground floor of a flat or small house open plan rather than little rooms. Pension plans for me have been a complete waste of time as successive governments have changed the rules one after the other. 100

WILL HOBHOUSE, BUSINESSMAN AND 9. What do you think matters more – education or enterprise? INVESTOR, HAS BEEN TRANSFORMING Both are good but in the end it’s enterprise that changes the world. Our children face a world with more change and disruption than we ever saw so FURNITURE STORE HEAL’S SINCE HE the tools they need are adaptability and social skills much more than formal TOOK OVER AS CHAIRMAN IN JULY education. Nothing is as powerful as hard work and loving what you do.

2012. A LONDONER AND FAMILY MAN 10. Which three things would you save from your home in the event of fire? My wife, children and dogs. Not sure that any of our possessions really matter! AT HEART, HE LIVES IN SOHO WITH

HIS WIFE, KATE HOBHOUSE, AND 11. What’s the best advice that you have ever been given / motto that you hold dear when it comes to money? THEIR FIVE CHILDREN Drilled into me from an early age was never to borrow and only to spend income not capital. Not sure either is wholly the best advice (e.g. a mortgage on one’s own home) but preserving capital is pretty good to do and definitely 99 mount st, mayfair only put at risk what you can afford to lose. Quite like a 1 per cent rule: only london, w1k 2tf invest less than 1 per cent of net worth in any risky venture. creedfragrances.co.uk

27625 Creed Silver Mountain_Weatherbys 239W x 327H.indd 1 11/04/2017 12:55