 |
 Luxury
can be a lifestyle, an experience, an item. Defining luxury? That is the
elusive, ever-evolving and challenging mission of the editors at Robb Report magazine, part of the CurtCo
Media company that also owns Sarasota. “Our
readers are intelligent and curious people,” explains Larry Bean, editor in
chief of the illustrious niche publication whose average reader’s net worth is
at least $5 million. To satisfy curiosity of that ilk, Bean oversees a stable of
editors who have cultivated expertise and authority in their respective
fields—everything from classic cars to couture clothing.
THE LUXURY EXPERTS
The
quest for information on the part of this rarefied audience is so extraordinary
that Robb Report magazine has spawned
a powerful network of brand extensions, among them Robb Report Collection, Robb Report Luxury
Home and Robb Report Motorcycling, to name a few. These
vertical magazines inform and advise the ultra-affluent who are considering
specific purchases (a yacht, a second home), or so passionate about a subject
(audio equipment) that they hunger for the in-depth coverage the luxury
industry’s preeminent voices can provide.
What’s
more, CurtCo retained luxury industry expert Carol Brodie of Harry Winston and
DeBeers fame two years ago, anointing her with the unique title of Chief Luxury
Officer. By creating A-list events that bring affluent consumers and the world’s
most luxurious brands together, Brodie has a chieved a coup in the publishing
business: In effect, CurtCo and Robb
Report have themselves become luxury brands. “We provide a 360-degree luxury
brand experience,” Brodie says. “The events are elegant, creative, bespoke
experiences in which the reader becomes a strategic partner with CEOs of the
world’s most coveted luxury brands,” she explains. “Our advertisers get insights
directly from the high-net-worth consumer they want to reach, and readers get
insights directly from CEOs of what’s three years down the
road.”
The
360-degree experience centers on Robb Report, which in turn focuses on
connoisseurship: the pedigree and craftsmanship of luxury goods. “We cover a
little bit of everything when it comes to luxury because the lifestyle
encompasses so many different areas,” Bean says. The thread that holds
everything together and defines the character of Robb Report, he explains, is this: “We
are looking for items or experiences that aren’t everywhere—things that are
prized because they are unique and the highest quality available.”
Rather
than focusing on price, articles probe why a featured product or service costs
as much as it does. “We explain what it is about an item that makes it
interesting and valuable; why it’s worth as much as it is, the fine details of
how it’s made, why there are so few around,” Bean says. The objective is to cull
the best of everything, from vacation ideas and private travel destinations to
ideal places to live, for an audience with an average annual income over $1.2
million.
In
order to win and maintain readers’ trust, cars are test-driven, motorcycles
raced and, in the case of the Robb
Report’s annual Luxury Resorts
issue, all 100 featured have been visited by a writer or editor of the magazine.
“That’s a challenge,” admits Bean, but the first-hand accounts distinguish Robb Report Luxury Resorts from typical
top-travel destination lists. “Our readers don’t always stay at five-star
resorts, but when they do there are levels of expectations only well-traveled
writers understand.”
One
thing its audience doesn’t expect from Robb Report is celebrity-stalking. “Our
readers don’t get to the position they are in personally or professionally by
copying. They aren’t interested in what Brad Pitt is wearing; it’s the other way
around,” Bean concludes.
CARS FOR COLLECTORS As
automotive editor of Robb Report and
senior editor of sister publication Robb
Report Collection, much of Gregory Anderson’s work involves piloting fine
automobiles. Among his highest-profile responsibilities: selecting with staff
members and a panel of judges the Robb
Report Car of the Year.
“There
are 140 luxury cars out there, and we start by narrowing the fleet: Only one car
from each manufacturer can be represented,” Anderson explains. “We come up with a baker’s
dozen with one wild card that isn’t necessarily in the same price range as the
others—last time it was the Ford Shelby GT500, which would hardly be a blip on
the radar at $40,000.” Still, he says the car had significant appeal—enough to
warrant 10th place in the 2007’s top 13.
Anderson,
Robert Ross and Paul Dean are the writing professionals judging the cars.
Another 40 car experts and enthusiasts complete the panel of judges, some of
them having earned their place at charity auctions. “They’ll pay as much as
$170,000 at fund-raising auctions to participate in the two-and-a-half-day
event,” says Anderson, noting that in the past two years, $3
million has been donated directly to a number of charities as a result of the
Car of the Year program.
The
judging is divided into two waves of 20 people. “Some of the judges aren’t car
guys,” Anderson
reports. “But they really work at these evaluations, and if they weren’t car
guys when the process began, every one of them becomes a car guy after the
experience.”
Since
the judges are Robb Report readers,
editors get unique insights into what attracts them to luxury cars. “What they
complain about and what they praise is fascinating,” Anderson says. This year’s
winner, the Bentley Continental GTC, was chosen for its design and opulent
interior as much as its power. “They loved the sound of the engine; it might be
the only four-passenger car that can match the performance and charm of Italian
sports cars,” Anderson says.
Many
of the judges found the speed of Anderson’s personal preference, the Bugatti
Veyron, a bit frightening, however. “There has never been and never will be
anything like it,” he says of the $1.3 million vehicle. “It does 253 miles per
hour, but you can drive it on the street. It’s a monument to automotive history,
with so many mind-blowing features.” Zero to 60 in 2.5 seconds is one of them.
But Anderson has
been to racing schools; he’s used to power.
Robb
Report Collection
is published monthly, with six issues a year devoted to autos, boats and
aircraft; the other six highlight real estate and home design. It’s basically an
emporium for buying and selling, Anderson says, with editorial content leaning
toward the car-buying experience.
Still, topics as intriguing as “Green Machines” are covered, highlighting
automakers who are leading the transition to alternative fuels in concept and
consumer cars. “The trend is to reduced fuel consumption,” Anderson says. “Wealthy
people may not need to worry about the cost of gasoline, but trends in cars
start in the luxury market because the low-volume production of a new technology
is expensive.” He points to GPS systems, available initially only at the high
end, and now available at every price range. “The technology that will be used
in the future may be 20 years away,” he predicts, “but certainly no more than
that.”
CUSTOMIZED MANSIONS AND HOT NEW GETAWAYS
“Robb Report readers are early adapters,”
says Adele Cygelman, editor in chief of Robb Report’s Luxury Home and Vacation Homes. “They
want to be the first with new products and they don’t want their homes to look
like anyone else’s,” she adds, noting a major trend toward customized products
among the affluent. “This is a powerful audience that uses interior architects
and designers. They’re not interested in going into showrooms; they want
everything customized—ironwork, gates, every piece of furniture made to exact
specification.”
In
this audience, most primary residences are in the $8 million range; homeowners
typically spend $10 to $20 million, including furnishings. And uniquely in this
market segment, men are intensely interested in home design; they actively
invest their time, money and passion in creating distinctive environments. “No
other magazine was talking to men, and we felt we could fill this niche,”
Cygelman says.
For
Robb Report readers, second kitchens
(catering kitchens) are de rigueur. “They can’t have enough
appliances, and wine cellars are commonplace,” Cygelman says. When choosing
homes to be featured in the magazine, she gravitates to designers who devote
incredible attention to detail. “The designers who appeal to our readers operate
under the radar; they are not known to most people and are at the top of their
game,” she explains. “They bring in a great mix of furnishings, top-notch art
and antiques. But the homes are very relaxed. They make you feel comfortable;
you want to be in them.”
For
Robb Report Vacation Homes, Cygelman says
she’s always looking for the next big place. “Waterfront property is becoming
scarcer, more expensive and sought after,” she reports. “Never underestimate the
value of a view.” Since most readers have access to private jets, they can build
homes anywhere there’s an airstrip nearby. For that reason, Costa Rica and Panama are
becoming important to the affluent second-home market. Cygelman is also
carefully monitoring Costa
Rica’s emergence as what she calls a prototype
for luxurious yet environmentally sensitive vacation-home
design.
“Anything
with family appeal is powerful,” she says, citing the cross-generational
amenities at Yellowstone Club in Montana, and
the Promontory Ranch Club in Utah’s Rocky Mountains. “We’ve seen a huge explosion in the
fractional industry: Hotels like Four Seasons, Ritz-Carlton, St. Regis and
Mandarin Oriental are developing components around the world and selling out
immediately. By combining condo and hotel amenities in one package they appeal
to people who are brand loyal to the hotel.”
The
market covered by Robb Report,
vacation homes priced from just under a million dollars to $1.5 million plus, is
growing because affluent consumers are building portfolios: a house on the
water, a country house, a ski house. What’s next on the horizon? “Idaho is the hottest place for vacation homes in the
U.S., because Montana and Colorado are built up, expensive and
completely developed,” Cygelman says.
COOL CRUISERS AND SWISH SPORTS BIKES
Believe
it or not, motorcycling is not uncomfortable, dirty or greasy. According to Arthur C. Coldwells,
editorial director and publisher of Robb
Report Motorcycling, it is anything but. “The idea of targeting affluent
motorcyclists is unusual. But our readers are not rich guys who happen to ride
motorcycles. They are motorcycling enthusiasts who happen to have boatloads.”
Far from dilettantes, these enthusiasts are split into two distinct groups: the
custom cruiser guys and the sports bikers, Coldwells explains.
In
the rarefied culture of Robb Report,
custom cruisers are serious hand-built bikes that command prices as high as
$100,000 to $150,000. Outstanding in this category is Bourget, a brand
distributed by 40 dealers nationally, three of them in Florida. According to
Coldwells, the category bikers fall into generally is determined by where they
live. “The cruiser is perfect for Florida terrain. All the roads are straight;
you pull out and don’t see a corner for 100 miles.”
Sport
biking, on the other hand, is literally a sport, Coldwells says, explaining that
the Ducati is the Ferrari of the motorcycle world. Coldwells himself recently
tested the MV Agusta F4312 (which does 312 kilometers, or 194 miles per hour) on
the track at Monza outside Milan. “In the sport bike
category, riders are serious athletes, fit and strong,” he says. “There is a
skill and precision to racing that requires hard-core athleticism.”
The
magazine has also identified a third, up-and-coming category: custom touring
guys who ship or haul their bikes to a specific destination or fly to a location
where bikes are rented or supplied as part of a luxury guided tour. “We’re
seeing a lot of husband-wife tours,” Coldwells reports. “I can safely say that
anywhere you can think of can be toured by bike.”
Robb
Report Motorcycling
has covered two such companies. Edelweiss Bike Tours, a global operator, offers
everything from tours of French chateaux to the Far and Middle East. Top Shelf Motorcycle Tours of Calistoga,
Calif., offers
wine tasting tours, with stops at spas and resorts. The operators have come up
with formulas that allow wives to participate as much in the biking as they
like, with opportunities for facials or cooking classes if they want
alternatives to full touring days.
In
the end, the magazine is a tool designed to inform those ready to make buying
decisions. While women are the fastest-growing segment of motorcycling,
Coldwells says the major part of the demographic is men. “Men are fascinated by
good-looking mechanical objects—cars, boats, watches,” he says. But the lure of
motorcycles is more than skin deep. It’s also about freedom, excitement and fun.
FANTASY THEATERS AND MEDIA ROOMS “I’ve
seen home theaters in bathrooms. I’ve seen them on yachts. I’ve seen cars with
home theaters. I’ve never seen one in a laundry room, although I have seen a
laundry room that had a $3,000 pair of ceiling speakers,” reports Brent
Butterworth, editor in chief of Robb
Report Home Entertainment.
“One
of the hottest trends right now is media rooms,” Butterworth says. Unlike a
dedicated home theater, a media room serves a general purpose. “It could be a
living room, a family room or den where you install a really kick-ass system
that can completely disappear,” he explains. Butterworth says media rooms are
typically set up with plasma TV and a couple of in-wall speakers, supplemented
by a projection screen that drops down in front of the TV: “You watch CNN on the
plasma TV during the day, but at night when you want to watch movies, you drop
down the projection screen.”
The
criterion for any home theater that makes the pages of Robb Report is that it has to look
great. “A big part of the message is the equipment doesn’t have to impact your
design,” Butterworth says. “It’s not just a pile of black boxes; you don’t have
to sacrifice anything except for a few dollars to build this stuff into any
environment, without it detracting in any way from the
environment.”
But
there are all sorts of levels of connoisseurship in home entertainment. “Some
people may want big speakers sitting out on the floor, and that’s fine. Others
may want it to be so hidden that even an expert can’t find the gear,”
Butterworth explains. The important thing, he says, is the gear must fit your
lifestyle. “You control it; it doesn’t control you.”
There
are two major directions in the home entertainment market, Butterworth says. One
is towards Best Buy and similar stores where you buy a home theater in a box
system for a few hundred dollars. “Frankly, a lot of those are pretty good
nowadays,” he says. At the opposite pole is the high-end, custom-installed
system.
“We
don’t want the gadget guy or the one who is looking for a great deal on a plasma
TV. Our audience wants to know what’s new, what’s hot, what they should be
looking for. In a lot of cases, they find the product they like and the dealer
will direct them to an installer,” Butterworth says.
Capable
of installing a fairly complicated system, Butterworth and his editors review
new products in every issue. “Most of our product is really fantastic, so
there’s not a lot of downside,” he says. Half of the magazine is devoted to
hands-on product reviews; the other half to interior design applications. “We
try to capture the whole house and how the technology integrates with the
lifestyle, rather than just showing pictures of the gear. There really isn’t any
other magazine that takes that approach,” he explains.
SHOWBOATS
INTERNATIONAL
Yachts
are the ultimate incarnation of the luxury lifestyle. And nowhere else are the
inside stories, the glamorous events and ever more glamorous yachts covered as
tenaciously as they are in ShowBoats
International. Based in Fort
Lauderdale, the international yachting capital, the
magazine is a must-read for high net-worth yacht owners, builders, brokers,
captains and designers.
At
the helm is Jill Bobrow, whose keen perspective on the industry is grounded in a
lifelong passion for sailing. Author of 10 books on subjects ranging from
classic yachts to mega yachts, sailing the Caribbean and yacht interiors, Bobrow is uniquely
qualified to predict and monitor industry trends.
“Big
boats are getting bigger. One-hundred-foot yachts were considered large; now
large is 150 feet and more,” Bobrow says. “We’re seeing 200-foot, 250-foot, up to 400-foot boats that push
all boundaries of high-tech engineering.” Extraordinary feats of technology are
rivaled only by the decorating of today’s mega yachts. Bobrow is seeing
interiors that look like French chateaux, home entertainment systems as complex
as in primary homes, and a growing trend to shadow boats that carry personal
watercraft, jet skis and other toys.
What
price is such luxury? If you have to ask you can’t afford it, Bobrow says.
“Nothing is more expensive than a yacht,” she explains. She does the math: A
200-foot boat requires 15 full-time crew members; a 100-foot yacht could do with
seven in crew with a captain earning six figures. Figure 15 percent of a $15
million showboat’s cost in annual expenses.
ShowBoats
International
covers the entire lifestyle, from destinations to restaurants, fractional
ownership and charters. The magazine has featured vessels that can be rented for
up to $200,000-plus a week, not including liquor docking fees or fuel. “Some
people prefer to charter before they buy a yacht,” Bobrow
says.
In
some cases, ShowBoats International
actually makes the news it covers. Each year the magazine hosts a rendezvous in
Monaco to kick off the Mediterranean
yachting season. Surrounded by extraordinary mega yachts with owners from all
over the world, the event is capped with the ShowBoats International Awards honoring
yachts in 18 categories, from most innovative to best technical achievement,
best refit, best interior and more.
Winners,
says Bobrow, set the bar a bit higher each year, challenging themselves and
their peers. That in essence is the level of excellence to which ShowBoats International readers
aspire.
Sarasota’s
style editor Carol Tisch is a former editor in chief of Home Furnishings News and was founding
editor of Shelter Magazine. In
addition to her shopping and design stories in Sarasota, she
writes a weekly online blog, “Retail Therapy,” at
sarasotamagazine.com.
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