Page 80 - Forbes Magazine-September 30, 2018

LeaderBoard

BUY, HOLD, SELL
RICHEST BY STATE

SCORE THE SKI WATCH,
BOOT THE BORDEAUX
Expert advice on luxe investments.

LOUISIANA
POPULATION:
4.7 MILLION
2017 GROSS STATE PRODUCT:
$246.3 BILLION (–0.2% GROWTH)
JOHN REARDON ANTHONY GIGLIO ZOHAR ELHANANI
GSP PER CAPITA: International head Wine director for American CEO of MutualArt, a
of watches, Christie’s Express’ Centurion Lounges; comprehensive online art-
$52,571
contributing editor to market information guide
(RANKS NO. 31 NATIONWIDE) Food & Wine
NUMBER OF BILLIONAIRES: 1
RICHEST: 2015 Tenuta Delle
BUY
Terre Nere Etna
GAYLE BENSON
Calderara Sottana
Proprietor Marc de Grazia
$2.7 BILLION
was one of the fi rst to
FOR NEARLY A CENTURY, Dixie Beer was brewed recognize the potential
in New Orleans, its light lager a mainstay in Cres- of Sicily’s long-dormant
Etna region. This spicy
cent City bars. But Hurricane Katrina forced the
red, rich in raspberry fruit
brewery to move its operations to Wisconsin and and silky tannins, will last
Tennessee, and the beer started fading from promi- beyond a decade.
nence on Big Easy taps. Dixie’s resurrection is under
way, though, after Gayle Benson, 71, purchased the
brand last year with her husband, Tom—who died
this March—and announced plans to bring it back to
New Orleans and set up shop in an 80,000-square-
foot brewery. Benson intends to spend a reported
$30 million to $40 million on Dixie’s rebirth.
Benson owns several other local institutions, in-
cluding the NFL’s New Orleans Saints and the NBA’s “Mother’s Milk” (2018)
New Orleans Pelicans. She inherited the teams by Loie Hollowell
from her husband after a multiyear lawsuit pitting
her against other family members. Renee, Tom’s BUY
BUY Loie Hollowell
daughter from a previous marriage, sued her father Jean-Claude Killy Young painter of abstract
in 2015 after he altered his succession plans for the Rolex—Dato-Compax and suggestive work, on
Legendary skier’s the tip of every collector’s
two teams. Renee and other members of the clan
timepiece line from the tongue, is showing at the
claimed that Gayle exerted “undue infl uence” on an ’60s is an increasingly Pace Gallery in London
ailing Tom’s decision. (That case was dismissed.) hot alternative to the this autumn. Only one
The family ultimately reached a confi dential settle- famed Rolex Daytona. work has auctioned; it
Be mindful: Dial and case sold for $68,750, four
ment about a year before Tom’s death.
condition are everything. times the midrange
HOLD
All Northern Rhône Reds estimate.
Availability of older
HOLD
Patek Philippe Ref. 2526 vintages of Côte Rôtie, HOLD
With fewer than 600 Hermitage and especially Ulay & Marina Abramović
of these produced in Cornas is sparse; demand Collaborative Polaroids
the 1950s, most with has skyrocketed. Place An exhibition of solo and
porcelain-enamel dials, your largest bets on Cornas’ collaborative works in
near-mint-condition “big four” vintners: Thierry London next year is likely
models will see prices Allemand, Auguste Clape, to drive demand for these
rise steadily. Noel Verset and Robert radical performance
Michel. artists, particularly their
Polaroids from the 1980s.
SELL RICHEST BY STATE BY ANGEL AU-YEUNG; BUY, HOLD, SELL BY CHRISTIAN KREZNAR
Richard Mille High-End
SELL
Modern Production 1982 Red Bordeaux SELL
Watches Time to crowbar open Lucas Cranach the Elder
When a downturn arrives, those original wooden Four paintings by the COURTESY PACE GALLERY; COURTESY OF TERRE NERE
the fi rst to feel it will be cases of ’82 and either German Renaissance
watches that retail above drink or sell. The ripeness master have sold in
$500,000. Have an extra of that legendary vintage excess of $1 million this
one? (But of course.) has started to turn the year. His works aren’t
Move it now while resale fl avors of aging into those in limited supply. Can
prices are high. of stewed fruit. demand keep up?
36 | FORBES SEPTEMBER 30, 2018