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In November 2019, a Patek Philippe “Grandmaster” watch fetched $31 million at Christie’s Geneva. This result was more than 10 times the pre-sale estimate, establishing a new world record for a timepiece at auction. It smashed the previous record for a wristwatch, set in 2017, when Phillips sold a Rolex Daytona owned by Paul Newman for $17.8 million...

Previously published in Family Business Magazine Dramatic change is on the horizon, and multigenerational businesses are facing critical transition issues as ownership in private companies and substantial wealth are transferred between generations. Because few families are ready for these transitions, the family office will play an increasingl...

Below is an excerpt from the article, Understanding the Voice of the Rising Gen, from the 2019 FOX ForesightTM publication.As wealth owners shift gears to succession planning, there is an entirely new set of issues to tackle. Preparing the Rising Generation for leadership is never easy. While each family is unique, certain transition them...

The world watched in disbelief last spring as fire ripped through the cathedral of Notre-Dame de Paris. The spire and roof were destroyed, but the structure’s stone ceiling contained the collapsing roof, sparing the interior from total destruction. Despite the catastrophic circumstances, an astounding 90% of the irreplaceable works of art within th...

The recently signed “Phase One” trade deal has led to some optimism surrounding U.S.- China relations. That said, much of the conflict between the two countries can be traced to China’s desire to be a technological power. China is unlikely to cede its ambitions, suggesting there will be an altered landscape moving forward regardless of th...

Today’s EnvironmentToday more than ever, with exponential change and global interdependency resulting in ever-greater complexity, epitomized by the Coronavirus pandemic, today’s world requires we bring out our best as leaders. Given the complexity of business, investments, cybersecurity, taxes, and family dynamics, leading in a Single Family Office...

Want to know how to best support your IT teams amid the ongoing COVID-19 crisis? Here are a few tips on how you can help make the best of this situation. Exercise PatienceThe most important thing you can do is have patience with your IT staff. Nearly all cloud services are struggling to keep up with the exponential growth of users flocking to ...

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Last year, The Olympic Manifesto, an 1892 manuscript by Pierre de Coubertin, estimated at $1,000,000, sold to an anonymous bidder at Sotheby’s New York for an astounding $8,806,500. This established a new world auction record for sports memorabilia, previously held by a Babe Ruth Yankees jersey that sold for $5.64 million earlier in the year. ...

With social distancing changing how work is done, a whole host of business continuity issues are affecting family offices. During a recent Member Exchange dialogue, members told us their family office culture, risk appetites, and technology were rapidly changing as a result. Human Capital ChallengesWhile work from home options are increasingly...

We are dedicated to supporting your growth through industry leadership and forward thinking at our forums and workshops. FOX will continue to deliver value by helping you see what’s coming; systematically sharing firm best practices and lessons learned; and identifying your closest peers and strategic industry partners. .blog-banner{ display:none...

As we work to process the tragic deaths of George Floyd, Breonna Taylor, Ahmaud Arbery, and countless others through the generations, we feel compelled to speak out. Discrimination is the greatest threat to a community built on belonging and acceptance. It cuts to the core of who we are and what we believe in.We want to reinforce our desire to crea...

At first glance, news about the art market appears ominous: fairs have been canceled, auction houses have cut salaries, and closed borders have reduced trade. But dramatic headlines don’t paint the whole picture: auction houses have pivoted to selling online, dealers and fairs have created virtual galleries, and online selling venues have witnessed...

In our May 12 FOX Member Exchange, we asked a live polling question “Describe the best meeting you’ve been to. What made it great.” The responses varied but what continually stood out, and was a recurring theme throughout the presentation, showing up in the chat box and in member questions. ENGAGEMENT. We know engagement was a struggle in the pre-C...

As families of wealth and their Family Offices consider future success strategies, how ready are they to adapt? In this excerpt from our 2020 FOX Foresight publication, FOX Chief Operating Officer, Glen W. Johnson, talks with Dr. Jim Grubman about the approach he uses to help families and their Family Offices successfully navigate change. GLEN...