Issue 32 (May/June 2013)
1. Leaders
8. Contributors
12. Editor's Letter
14. Diary: Helena Newman
16. The Hedgehog
The Spear’s Young Turk Awards; the Money Shot; party photos from Richard Young, the Whitechapel Gallery Gala and David Bowie Is
COLUMNS
26. THE GIVER AND THE GIFT
Sir Tom Hunter helps fledgling entrepreneurs with ‘hatcheries’
28. THE DISCRIMINATOR
Revenge is sweet, says Alessandro Tomé: unless it backfires...
30. COUNTER CULTURE
There’s something strange about Lara Croft, Sam Leith thinks. No, not those; she has... feelings?
31. IMAGE RIGHTS
If he wants to be PM, Boris Johnson needs to work on his PR, according to Edward Amory
32. PEP TALK
Robert Amsterdam is feeling a little asymmetrical these days, and it’s all the government’s fault
34. VIEW FROM ST PAUL'S
Why hasn’t Wall Street noticed the meltdown in Washington, wonders Guy Monson
35. THE LAW
Martyn Gowar on a case pitting judge against judge. Fight!
FEATURES
36. THE SUNSHINE ESTATE
Jackie and David Siegel, owners of the largest house in America and stars of The Queen of Versailles, give a candid and hilarious interview about fame and disaster to Ivan Lindsay
40. MISFORTUNE COOKIES
Western private banks think they can crack China, says Sophie McBain; in reality, it’s China that cracks them
In an exclusive interivew, Josh Spero wonders what Simon de Pury, late of Phillips de Pury, will be doing after his shock exit from the auction house. Taking up painting, perhaps?
48. WITH FRIENDS LIKE THESE...
Rob Davies offers some cautionary tales of risky emerging market investments gone wrong. Take note, Nat Rothschild!
50. CHEQUES AND BALANCES
Why are HNWs missing out on profiting from the Great Rotation, asks Freddy Barker
52. OUT OF YOUR ELEMENT?
Christopher Silvester digs deeper to learn about the investment market in rare earth metals, vital for our future
56. CLEAR AS MUD
Instead of transparency, the RDR banking reforms are blinding us with unforeseen errors, says Gina Miller
57. SAY MY NAME, SAY MY NAME
Why not follow in Beyoncé’s footsteps and trade mark your name?
58. SMOOTH OPERATOR
Aria sitting comfortably? Josh Spero meets corporate lawyer and opera philanthropist Ian Rosenblatt
62. NICK/TUCK
Even HNWs (gasp!) can be arrested. William Cash meets Barry Tucker, who has the key to your handcuffs
65. FAMILY LAW INDEX
Splitting assets is harder than splitting the atom: we have the 25 lawyers you want in your corner
THE GOOD LIFE
76. BOOK REVIEWS
Peter York on Sorry! by Henry Hitchings and Christopher Silvester on Inventing Elsa Maxwell by Sam Staggs
78. PLEASURE DIVIDEND
Nick Foulkes gets all misty-eyed recalling a life in loafers, as the inimitable Gucci ones turn 60
FOOD
80. William Sitwell is eating food from a van — and, no, he’s not at Glasto. Street food is his new jam
ART
82. Anthony Haden-Guest meets the original Picassos of pixels, artists who paint in ones and zeroes
84. You get much more joy from loaning your Old Masters than hoarding them. Howard Lewis should know
ULTRA
90. John Arlidge has all six senses stimulated by Sonu Shivdasani, founder of the luxury resorts
92. Adventurer Sylvain Tesson recreates Napoleon’s snowy retreat from Moscow — 200 years on
LATIN AMERICA TRAVEL SPECIAL
98. Stanley Johnson can’t quite quit Quito: it’s Ecuadorable
102. Puerto Rico is on the verge of becoming America’s 51st state. Max Johnson investigates why
104. Teresa Levonian Cole admires the brilliant Brazilian baroque of Tiradentes
TRAVEL
108. The Mandarin Oriental in Hong Kong is turning 50 but looks as youthful as ever, says Sophie McBain
112. William Cash enjoys a Palace coup at the Grand Hôtel du Cap Ferrat
PROPERTY
114. Who’s buying London’s best houses? Put it this way, says Ross Clark: prices should be in euros or riyals
116. The country house sale is one of England’s grandest, saddest traditions, says Lucy Inglis
COUNTRY WIRE
118. It’s nightmare on Nine Elms for the residents of Pimlico, says Clive Aslet
MID-ATLANTIC GIRL
119. Uh-oh: school reunion time. Daisy Prince sucks in her stomach and prepares to learn lessons about ageing
AT THE SHARP END
120. Tamara Lohan, the Mrs of the Mr & Mrs Smith travel guides
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position. Is it true that you can get up to 100 per cent tax relief on the amount invested? And what exactly are these schemes? How do they work? What are the upsides? Downsides?
A
In this climate, it is a relief to see one potentially attractive tax allowance come through unscathed from recent criticism
Spear's Wire
- STEP: Switzerland introducing law to confiscate dictators' funds
- NYT: JP Morgan fined £3m for wealth management failings
- The Woolwich Attack Must Not be Used as an Excuse to Restrict Civil Liberties
- Breaking: Withers, Speechly Bircham abandon merger
- Harry Potter raises £150,000 in auction of first editions annotated by authors

44. BLANK CANVAS