Fashion Editor André Leon Talley’s Estate Collection Expected to Fetch $1 Million at Christie’s | Kanebridge News
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,480,538 (+0.01%)       Melbourne $960,899 (-0.26%)       Brisbane $805,943 (+0.49%)       Adelaide $760,890 (+0.51%)       Perth $651,708 (+0.03%)       Hobart $728,895 (+0.57%)       Darwin $613,579 (0%)       Canberra $946,216 (+2.14%)       National $956,035 (+0.37%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $696,616 (-0.38%)       Melbourne $470,588 (+0.14%)       Brisbane $450,511 (+0.19%)       Adelaide $370,041 (+0.13%)       Perth $363,377 (-0.48%)       Hobart $568,887 (+1.25%)       Darwin $342,547 (-0.28%)       Canberra $488,335 (+0.42%)       National $491,956 (+0.17%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 7,426 (+91)       Melbourne 10,303 (-71)       Brisbane 8,928 (-39)       Adelaide 2,407 (+20)       Perth 7,995 (-258)       Hobart 874 (-2)       Darwin 238 (-2)       Canberra 758 (-3)       National 38,557 (-264)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 6,833 (-17)       Melbourne 6,618 (-36)       Brisbane 1,828 (-2)       Adelaide 460 (-11)       Perth 2,177 (-9)       Hobart 126 (-3)       Darwin 336 (+5)       Canberra 425 (+7)       National 18,641 (-66)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $680 (+$15)       Melbourne $500 ($0)       Brisbane $560 (-$10)       Adelaide $520 (-$10)       Perth $550 ($0)       Hobart $560 (-$5)       Darwin $700 (+$5)       Canberra $700 (-$20)       National $606 (-$3)                    UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $600 ($0)       Melbourne $450 ($0)       Brisbane $498 ($0)       Adelaide $420 (-$8)       Perth $480 ($0)       Hobart $485 (+$13)       Darwin $550 ($0)       Canberra $550 (-$10)       National $514 (-$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,843 (+487)       Melbourne 6,880 (+741)       Brisbane 4,325 (+498)       Adelaide 1,251 (+157)       Perth 1,748 (+277)       Hobart 262 (+34)       Darwin 133 (+14)       Canberra 709 (+61)       National 21,516 (+2,269)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 8,300 (+770)       Melbourne 5,973 (+745)       Brisbane 1,753 (+273)       Adelaide 410 (+74)       Perth 731 (+171)       Hobart 119 (+13)       Darwin 249 (+21)       Canberra 641 (+63)       National 17,293 (+2,130)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.34% (↑)      Melbourne 2.69% (↑)        Brisbane 3.58% (↓)       Adelaide 3.60% (↓)     Perth 4.40% (↑)        Hobart 4.04% (↓)     Darwin 5.81% (↑)        Canberra 3.76% (↓)       National 3.30% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 4.47% (↑)        Melbourne 5.00% (↓)       Brisbane 5.88% (↓)       Adelaide 6.19% (↓)     Perth 7.21% (↑)      Hobart 4.59% (↑)      Darwin 8.41% (↑)        Canberra 5.89% (↓)       National 5.43% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.6% (↑)      Melbourne 1.8% (↑)      Brisbane 0.5% (↑)      Adelaide 0.5% (↑)      Perth 1.0% (↑)      Hobart 0.9% (↑)      Darwin 1.1% (↑)      Canberra 0.5% (↑)      National 1.2% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.3% (↑)      Melbourne 2.8% (↑)      Brisbane 1.2% (↑)      Adelaide 0.7% (↑)      Perth 1.3% (↑)      Hobart 1.4% (↑)      Darwin 1.3% (↑)      Canberra 1.3% (↑)      National 2.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 35.4 (↑)      Melbourne 35.9 (↑)      Brisbane 42.8 (↑)      Adelaide 34.8 (↑)      Perth 43.1 (↑)      Hobart 37.2 (↑)      Darwin 49.3 (↑)      Canberra 38.3 (↑)      National 39.6 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 39.7 (↑)      Melbourne 36.4 (↑)      Brisbane 43.7 (↑)      Adelaide 33.8 (↑)      Perth 46.2 (↑)      Hobart 48.9 (↑)        Darwin 45.9 (↓)     Canberra 33.7 (↑)      National 41.0 (↑)            
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Fashion Editor André Leon Talley’s Estate Collection Expected to Fetch $1 Million at Christie’s

By JOE DZIEMIANOWICZ
Wed, Jan 18, 2023 8:00amGrey Clock 2 min

The collection of the late influential fashion editor André Leon Talley will be presented by Christie’s New York in a live sale on Feb. 15, followed by online sales ending on Feb. 16 and 17. Pre-bidding begins Jan. 27, the auction house announced Tuesday.

Expected to fetch up to US$1 million, the estate auction features Andy Warhol artworks, Louis Vuitton trunks, a Chanel cape and bracelets, handbags, jewelry, and other items amassed by Talley, who died last year at age 73.

Sales will benefit causes Talley championed during his life, including the Abyssinian Baptist Church in New York City and the Mt. Sinai Missionary Baptist Church in Durham.

Famous for being the first Black man to be the creative director of American Vogue, a position he held from 1988 to 1995, Talley’s “singular and timeless” fashion sensibility” and “endless love for all things beautiful” are reflected in his treasures, said Elizabeth Seigel, Christie’s head of private and iconic collections, in a news release.

The collection displays his decades-long relationships with iconic designers, including Karl Lagerfeld, Miuccia Prada, and Ralph Rucci. It also draws upon Talley’s love for his grandmother and esteem for Vogue editors Diana Vreeland and Anna Wintour, according to Christie’s.

A selection of highlights from the collection will begin a tour on Jan. 18 in Palm Beach, Fla.; Paris on Jan. 23; and in New York on Feb. 9.

“André was an intellectual and held a lifelong dedication to social justice and a pioneering vision for Black creators and luminaries,” said estate executor Alexis Thomas in the announcement. “We hope to bring the magic of André Leon Talley into the lives of those who have long admired him.

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High-Earning Men Are Cutting Back on Their Working Hours

While most U.S. workers are putting in fewer hours, men in the top 10% of earners cut back their time on the job the most, according to a new study

By Courtney Vinopal
Fri, Jan 27, 2023 4 min

American workers have cut the number of hours they spend in their jobs since 2019, but no group has dialled back its time on the clock more than young, high-earning men whose jobs typically demand long hours.

The top-earning 10% of men in the U.S. labor market logged 77 fewer work hours in 2022, on average, than those in the same earnings group in 2019, according to a new study of federal data by the economics department at Washington University in St. Louis. That translates to 1.5 hours less time on the job each workweek, or a 3% reduction in hours. Over the same three-year period, the top-earning 10% of women cut back time at work by 29 hours, which translates to about half an hour less work each week, or a 1% reduction.

High-earning men in the 25-to-39 age range who could be described as “workaholics” were pulling back, often by choice, says Yongseok Shin, a professor of economics, who co-wrote the paper. Since this group already put in longer hours than the typical U.S. worker—and women at the highest income levels—these high earners had longer work days to trim, Dr. Shin says, and still worked more hours than the average.

The drop in working hours among high-earning men and women helps explain why the U.S. job market is even tighter than what would be expected given the current levels of unemployment and labour force participation, Dr. Shin says.

“These are the people who have that bargaining power,” Dr. Shin says of the leverage many workers have had over their employers in a tight job market. “They have the privilege to decide how many hours they want to work without worrying too much about their economic livelihood.”

The paper published by the National Bureau of Economic Research, which isn’t yet peer reviewed, suggests high earners were more likely to benefit from flexible working arrangements, which could be a factor in reduced work hours.

Before the pandemic, Eli Albrecht, a lawyer in the Washington, D.C., area, says he worked between 80 to 90 hours a week. Now, he says he puts in 60 to 70 hours each week. That’s still more than most men in America, who averaged 40.5 hours a week in 2021, according to federal data.

Mr. Albrecht’s schedule changed when he shared Zoom school duties for two of his young children with his wife. He’s maintained the reduced hours because it’s making his relationship more equitable, he says, and gives him family time.

“I used to feel—and a lot of dads used to feel—that just by providing for the family financially, that was sufficient. And it’s just not,” Mr. Albrecht says.

The downshift documented by Dr. Shin and his colleagues occurred as many professionals have been reassessing their ambitions and the value of working long hours. Emboldened by a strong job market, millions of Americans quit their jobs in search of better hours and more flexibility.

Overall, U.S. employees worked 18 fewer hours a year, on average, in 2022 compared with 2019, with employed men putting in 28 fewer hours last year and employed women cutting their time by nine hours, data from the U.S. Census Bureau’s Current Population Survey show. The average male worker put in 2,006 hours last year, while the average female worker logged 1,758 hours.

Separate data from the Census Bureau suggests that men with families, in particular, are working less. Between 2019 and 2021, married men devoted roughly 13 fewer minutes, on average, to work each day, according to the American Time Use Survey, which hasn’t yet published 2022 figures. They spent more time on socialising and relaxing, as well as household activities, according to men surveyed by the Census Bureau. The amount of time unmarried men spent on work changed little during that same period.

As high-earning workers in the U.S. cut back, low-wage workers increased their hours, according to Dr. Shin’s research. The bottom-earning 10% of working men logged 41 hours more in 2022, on average, than in 2019. Women in the lowest earning group boosted their hours worked by 52 last year compared with 2019.

While women work fewer hours than men, the unpaid labor they perform outside of their jobs has been well documented. Many working mothers take what’s termed a “second shift,” devoting more time outside work hours to child care and housework.

Maryann B. Zaki, a mother of three who has worked at several firms, including in big law, recently launched her own practice in Houston, giving her more control over her hours. She says she’s noticed more men in her field opting for reduced schedules, sometimes working 80% of the hours normally expected—which can range from 40 to more than 80 a week—in exchange for a 20% pay cut. For the average lawyer, that would amount to a salary reduction of tens of thousands of dollars each year; such arrangements were initially offered to aid working mothers.

Responding to new expectations of work-life balance may be particularly vexing for industries already facing staffing shortages, such as those in medicine. Dr. Lotte Dyrbye, the chief well-being officer for the University of Colorado School of Medicine, said she often hears from early-career physicians and other medical professionals who want to work fewer hours to avoid burnout.

These medical workers are deciding that to be in it for the long haul requires a day every week or two to decompress, Dr. Dyrbye says. But as staff cut back their hours, it costs medical organisations money and may compromise access to care.

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