Fashion Editor André Leon Talley’s Estate Collection Expected to Fetch $1 Million at Christie’s
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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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The Top 10 highest paid CEOs of the ASX 200 revealed

Along with pay rates, the latest report from the ACSI shows bonuses are no longer based on exceptional results

By Bronwyn Allen
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The CEOs of the ASX 200 were paid a little less in FY23 compared to the year before, but bonuses appear to have become the norm rather than a reward for outstanding results, according to the Australia Council of Superannuation Investors (ACSI). ACSI has released its 23rd annual report documenting the CEOs’ realised pay, which combines base salaries, bonuses and other incentives.

The highest-paid CEO among Australian-domiciled ASX 200 companies in FY23 was Greg Goodman of Goodman Group, with realised pay of $27.34 million. Goodman Group is the ASX 200’s largest real estate investment trust (REIT) with a global portfolio of $80.5 billion in assets. The highest-paid CEO among foreign-domiciled ASX 200 companies was Mick Farrell of ResMed with realised pay of $47.58 million. ResMed manufactures CPAP machines to treat sleep apnoea.

The realised pay for the CEOs of the largest 100 companies by market capitalisation fell marginally from a median of $3.93 million in FY22 to $3.87 million in FY23. This is the lowest median in the 10 years since ACSI began basing its report on realised pay data. The median realised pay for the CEOs of the next largest 100 companies also fell from $2.1million to $1.95 million.

However, 192 of the ASX 200 CEOs took home a bonus, and Ed John, ACSI’s executive manager of stewardship, is concerned that bonuses are becoming “a given”.

“At a time when companies are focused on productivity and performance, it is critical that bonuses are only paid for exceptional outcomes,” Mr John said. He added that boards should set performance thresholds for CEO bonuses at appropriate levels.

ACSI said the slightly lower median realised pay of ASX 200 CEOs indicated greater scrutiny from shareholders was having an impact. There was a record 41 strike votes against executive pay at ASX 300 annual general meetings (AGMs) in 2023. This indicated an increasing number of shareholders were feeling unhappy with the executive pay levels at the companies in which they were invested.

A strike vote means 25 percent or more of shareholders voted against a company’s remuneration report. If a second strike vote is recorded at the next AGM, shareholders can vote to force the directors to stand for re-election.

10 highest-paid ASX 200 CEOs in FY23

1. Mick Farrell, ResMed, $47.58 million*
2. Robert Thomson, News Corporation, $41.53 million*
3. Greg Goodman, Goodman Group, $27.34 million
4. Shemara Wikramanayake, Macquarie Group, $25.32 million
5. Mike Henry, BHP Group, $19.68 million
6. Matt Comyn, Commonwealth Bank, $10.52 million
7. Jakob Stausholm, Rio Tinto, $10.47 million
8. Rob Scott, Wesfarmers, $9.57 million
9. Ron Delia, Amcor, $9.33 million*
10. Colin Goldschmidt, Sonic Healthcare, $8.35 million

Source: ACSI. Foreign-domiciled ASX 200 companies*

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