With the wine industry being hit by the economy, spectacular bottles are selling at spectacular prices.

In September we reported that haute hotelier Andre Balazs was hoping to close on the sale of the Raleigh. Built in 1940, Balazs purchased the 104-room Art Deco hotel in 2002; seven years later the hotel magnate will earn a reported $30 million from the sale of the Miami landmark in an all-cash deal.

The qualifications of being considered a trophy property are extremely demanding and limiting and typically depend on factors such as location, origins, and, of course, actual value. Haute Living is proud to provide our readers with a little glimpse into the world of trophy properties currently on the market in Miami, Florida.

If Evan Williams is looking for something to tweet about these days, perhaps he could use his micro-blogging website to find a buyer for his San Francisco penthouse.

Larry King, of CNN’s Larry King Live talk show, and his beautiful wife Shawn King, are the newest residents on Wilshire Boulevard in Los Angeles.

Koslowski downgraded to the big house, so his mansion is up for grabs.

Magnificent Penthouse Triplex at 120 Eleventh Ave. offers 6500 sf home with 5 bedrooms/6 bathrooms and 1821 sf terrace.

Porsche and German luxury kitchen makers Poggenpohl have reinvented the meaning of a kitchen. The P’7340 kitchen is designed to be a luxurious kitchen fit for any haute living man’s bachelor pad.

When he couldn’t afford to provide the lavish wedding he dreamt of for his daughter, a private contractor brought the Taj Mahal to her.