Supreme T-shirt collection on sale by Christie’s for about $2 million

The most complete collection of Supreme T-shirts is being offered for sale at Christie’s for about $2 million, highlighting the soaring value of the luxury streetwear brand and the growing importance of a new generation in the collectibles world.

The T-shirt collection is the only complete set of Supreme’s “box-logo” T-shirts, which were released since 1994, known to exist. The collection features 253 shirts, which works out to an average of more than $7,900 per T-shirt.

The collection is being offered as a private sale, meaning a buyer would purchase it directly from Christie’s rather than through auction. The exact asking price is not public, but Christie’s said the collection is valued at over $2 million.

It’s being featured to promote Christie’s first-ever auction dedicated to Supreme, which started as a single skateboard shop in downtown Manhattan and became a global streetwear sensation. Supreme was recently acquired by VF Corp.

Read More

Cleveland property owner petitions U.S. Supreme Court over Cuyahoga County’s foreclosure process

CLEVELAND, Ohio – A Cleveland property owner wants the U.S. Supreme Court to address how Cuyahoga County handles the foreclosure of certain properties.

Attorneys for Elliott Feltner have petitioned the justices to examine whether the process of the county foreclosing on properties and transferring them to a land bank is constitutional. The Supreme Court has set a conference for Friday, which could determine whether it hears the case.

The litigation focuses on a 2006 state law enacted to speed the foreclosure process on shuttered buildings. Instead of having the properties go up for a sheriff’s auction, as is customary, the board of revision can transfer them to a land bank, even if the properties’ values far exceed the amount of taxes owed.

In Feltner’s case, he inherited his father-in-law’s automotive body shop in Cleveland’s Collinwood neighborhood. It was valued at $144,500, but the back taxes amounted to $65,189.

In 2017,

Read More

253 Supreme T-shirts expected to sell for $2M in Christie’s sale

In 2014, James Bogart bought his first T-shirt from the cult US streetwear brand Supreme. In the six years since, he has acquired every single retail-released tee sporting the label’s iconic box logo — a collection now expected to sell for around $2 million.

text: A shot of The Box Logo Collection, containing over 250 Supreme shirts.

© Christie’s
A shot of The Box Logo Collection, containing over 250 Supreme shirts.

Bogart’s Box Logo Collection will be presented as a private sale alongside an online auction of other rare Supreme items at Christie’s in New York. The collection, described by the auction house as a “holy grail” for Supreme fans and collectors, contains 253 different shirts released between 1994 to 2020 — the entire course of the brand’s history.

arrow: A skateboard collaboration between Supreme and Louis Vuitton.

© Christie’s
A skateboard collaboration between Supreme and Louis Vuitton.

Supreme’s brand and more recent fame have been built through social media hype and scarcity. Its clothes can only be bought online or through

Read More

High-End Real Estate Reigns Supreme as the Most Lucrative Asset Class

CHICAGO, Nov. 11, 2020 /PRNewswire/ — While many stalwart industries reel from the impact of the global pandemic, the luxury residential real estate market continues to show remarkable resiliency.

Fueled by a myriad of factors — among them, a flight from high-density urban areas to more suburban, single-family home and estate-focused settings — the world’s millionaires (some 47 million strong) have redefined luxury living.

These, plus many other findings related to the high-end market, are noted in The Modern Luxury Home: Reimagined — a just-released bi-annual study by Luxury Portfolio International® (LPI), in collaboration with YouGov Affluent Perspective.  The universally revered brand, which comprises more than 200 leading high-end real estate brokerages, is the luxury marketing division of Leading Real Estate Companies of the World®.

The whitepaper breaks down a number of trends that are currently impacting the affluent consumer’s spending patterns. The purchase of luxury

Read More

How Does The Supreme Court Impact Real Estate Investors?

We tend not to think of the Supreme Court as having an impact on real estate investing but it does, especially when it comes to property rights. Over the years the highest court in the land has rendered many decisions that talk about what people can do with their property.

“The makeup of the Supreme Court and the individual justices that sit on the bench has a profound impact on our lives in the USA, and a make-or-break impact on some commercial real estate businesses,” explains Jeff Holzmann, CEO at IIRR Management Services. “The reason for this immense impact is because all major local and government decisions, actions and sometimes even laws, eventually get challenged, accepted, or rejected (we like to call that Tossed Out) in the Supreme Court.”

Exploring the government’s right to private property

In fact, it was only last year that the U.S. Supreme Court upended years

Read More