To say Farside at Tilloo Cay in Abaco is unique is much more than just a marketing ploy. With its Victorian-esque castle tower and nautical-inspired interiors that Hemingway himself would have been quite comfortable with, Farside is a special place.

It is a shame that the beloved home of late fashion designer Gianni Versace has been put in the middle of such financial trouble by Scott Rothstein and his $1 billion Ponzi scheme. The party mansion has closed its doors.

Well, it appears that not only the poor are among the many deeply affected by the multitude of crises distressing our lovely economy these days. Even in the upper echelon, where million dollar homes and sprawling acres of prime real estate paint a pristine picture, the mortgage crisis is slowly trickling in.

Las Vegas is a city that is, quite frankly, made up of risks. And as the saying goes, “you win some, you lose some.” Restaurants, nightclubs, concept hotels, and countless other types of businesses open and close every day in the city of sins.

Congratulations are in order for Sophie Theallet, winner of this year’s CFDA/Vogue Fashion Award. The prize is a $200,000 grant, which allows her to scientifically expand her operations and of course puts her on the fashion map. For anyone who knows and loves fashion this is a great honor to receive.

Bvlgari celebrated its 125th Anniversary last night with a Cocktail Party at its Bal Harbour Store to benefit Save The Children’s Rewrite the Future Campaign. Veronica Trenk, Managing Director for Bulgari USA, and Vivian Pfeiffer, Southeast Regional Director for Christie’s, hosted a fabulous cocktail party.

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Trina Turk really sticks to her guns. A successful practice it seems, evident in the launch of yet another of her famous boutiques, this time in South Florida’s Bal Harbour Shops. Bold neon splashes of color reminiscent of old school Miami décor please the visual palette as you enter the store, much like the 80s-inspired colors in her new line

Hearts stopped when the Yves Saint Laurent-Pierre Bergé $491 million art auction happened in February. Considered as “the sale of the century,” the success of the sale has encouraged Christie’s in Paris to bring round two.