The rewards of exceptional wealth allow you the freedom and flexibility to enjoy the finer things in life. The Family Office Association (FOA) takes a unique approach to wealth building and legacy sustainability, to integrate lifestyle ventures and philanthropic contributions into your overall investment strategy.
FOA provides access to best in class providers to make your life more rewarding. Our members enjoy discounts and exclusive offers from our partners, including spas, jewelers, interior designers, concierge services, travel agencies, personal consultants and much, much more. Our members will be among the first to know about special offers, exclusive events and private sales so they can stay at the forefront of emerging trends and openings.
In addition, FOA incorporates lifestyle ventures to diversify our members investment portfolio in a unique and exciting fashion. You may be a lover of art or wine, or enjoy horse racing or polo. Lifestyle passions can be fun and exciting as well as wealth builders.
There are many important things to muse over when considering art, wine, thoroughbreds, and other lifestyle ventures as an investment. Making a lifestyle venture investment is in many aspects the same as investing in the stock market or any other area. There are potential risks and benefits, and proper strategy and education are required. Things sometimes turn out worse than you expect and it is easy to be fooled or scammed because you get caught up in the excitement of the venture instead of conducting proper due diligence.
FOA will identify interesting lifestyle ventures to diversify your portfolio, provide the education you must know in order to make sound investment decisions, and deliver powerful connections to these unique and interesting opportunities – and more importantly, have fun exploring these options!
Some examples of investments in lifestyle ventures include:
“One Beijing-based billionaire has splashed out a record $500,000 on 27 bottles of red wine, London-based Antique Wine Company said on Saturday. "It is the highest price that has ever been achieved for a single lot," Managing Director Stephen Williams of the London- based Antique Wine Company told Reuters on Saturday. "I don't think he has bought this as an investment -- he has bought it to drink," he added.
The highest prices paid for fine wines are for extremely special bottles, for example, those that reputedly came out of Thomas Jefferson's cellar. Malcolm Forbes, the late publisher of Forbes' magazine, set a record in December 1985 when he paid 105,000 pounds, then about $162,750, for a 1787 bottle of red wine made by Bordeaux's prestigious Chateau Lafitte. In 2006 the Antique Wine Company sold the world's most expensive bottle of white wine, a regular-sized bottle of Chateau d'Yquem 1787 for just under $100,000.”
“Christie’s Post-War and Contemporary Art sale became the most valuable auction ever in the category, and the second highest art auction in history at $384,654,400. The sale’s highlight was Andy Warhol’s epic Green Car Crash (Green Burning Car I) which sold for $71.7 million. Seventeen works sold above $5 million and 74% of the works sold above their pre-sale estimate. Buyers were 47% American, 19% European, 18% Asian and 16% other. Christie’s achieved the world record for any art auction when it’s November 2006 Impressionist and Modern Art Evening Sale realized $491 million.”
“One of the highest prices paid for a Thoroughbred was about $60 million for 2000 Kentucky Derby winner Fusaichi Pegasus, purchased by a syndicate of breeders at the end of his racing career.”
