This Father’s day, Los Angeles’ world-famous roadway played host to a celebration of the art of Italian motoring—the 2011 Rodeo Drive Concours d’Elegance. More than 100 of the most luxurious, vintage Italian-designed cars and motorcycles lined Rodeo Drive north of Wilshire Boulevard for the annual affair.

Chief executive of SBE hospitality group, Sam Nazarian, has invested in Adam Fleischman’s Umami Burger chain. Nazarian is now a 50-50 partner in all of Fleischman’s restaurant endeavors, including Umami Burger; a modern downtown deli called Umamicatessan; and a new place called U-Ko that Fleischman describes as a “progressive fast-food place, with compostable containers,” and a DIY iPad ordering system where patrons can even swipe their own credit cards.

This week marks the end of an era for Powell Street. The property that used to house community-renowned restaurant Washington Square Bar & Grill will re-open this Thursday, this time as Bottle Cap, Dane Boryta and wife Elizabeth Ferro’s casual American-style restaurant.

On June 27, Christie’s in London auctioned off one of former British Prime Minister Margaret Thatcher’s legendary handbags for a less-than-expected 25,000 pounds.

Thatcher’s for 30 years, the black leather Asprey handbag is iconic for may reasons; she was carrying the bag during Cold War negotiations with United States President Ronald Reagan in the US in 1985. And, while Thatcher is well known for her role as prime minister, she is also recognized as the creator of the verb “handbagging,” or the practice of striking people with her purse.

Imagine taking a swig of the world’s oldest champagne, dating back to 1841. This bubbly was not only recovered from a 19th century shipwreck in the Baltic Sea, but also believed to have been en route to the court of the Russian czsar in St. Petersberg as they were adrift. In the hands of Singapore-based restauranteur, Julia Sherstyuk, the bottle of Veuve Cliquot Champagne cost her a whopping €30,000 (US$42,758), which she purchased from auction house Acker Merrall & Condit.

What do Leonardo DiCaprio, Tobey Maguire, and Ben Affleck have in common?

All were part of an illegal celebrity poker cohort held on the West Coast, with a “stunning Brunette” named Molly Bloom as card dealer, describes the Post. The sibling of Olympic skier and Philadelphia Eagles player Jeremy Bloom then relocated her games to New York City, where she encountered a much less congenial crowd.

Deemed “House of the Future,” this exclusive and unique mansion is currently under construction in Russia. Holding 17,490 square feet of luxury, the complex structure houses a home theater and an indoor swimming pool, with it’s epicenter a gargantuan conservatory composed of 3 different colors of glass. With plans for a separate guest house and garage to be built, all of these amenities do not come at a small price.

Compact and modest are words that describe the quintessential components that a childhood treehouse suggests. Kiddies find refuge in these age-old dwellings, where they play “house” and stash their beetle collection. Innocence at its best.

An innovation in the cycling world has come to Southhampton. Hardcore Cycling, using state of the art RealRyder-brand bikes, plans to blow the dime a dozen spin studios that cloud the area, out of the water. The unique bikes, which steer and lean, give the core of your body a more intense workout, and essentially, a more realistic cycling experience.