Luxist

A classic whisky distillery is being shut down in a cost-cutting measure. The Edrington Group plans to close the Tamdhu distillery and malting operations in Aberlour next year resulting in a loss of more than 30 jobs. The group has decided to concentrate its efforts on its three main brands, The Macallan, Glenrothes and Highland Park. Another distillery Glenturret will also remain open. The closure is a response to the economy.

Whisky is still selling well but costs have risen and The Scotsman quotes Graham Hutcheon, group operations director for Edrington, who said that the move was done to make sure that the "business is the right size and shape to support current and future activity levels." Edrington employs about 2,200 people across the globe and also owns the Famous Grouse and other brands such as Cutty Sark and Brugal rum. The Tamdhu distillery opened in the late 1890s and went through several closures over the years including a long period between 1928 and 1947.

How's this for a dreamy bed? The Mermaid's Sleigh bed is a gorgeous bed custom made by artisans in Vermont. The bed has a wave-shaped footboard and carved maple natuilus shells adding a fanciful sea-themed touch. Each bed is custom crafted of natural solid hardwoods and hardwood veneers. The piece above is in queen size with cherry and curly cherry veneers, curly maple and nogal. Because it is made for the new owner you can customize it to your choice of wood and add names, dates or other personal touches. Prices start at $17,100.

We've been to Spring Island, South Carolina before to check out Bank of America chief exec Ken Lewis's getaway home (still on the market and the price keeps dropping). Today's estate is in the same area and belongs to former Proctor and Gamble executive Tom Laco. The property consists of two separate lots, the 3.48 acre lot the house is on and a 3.13 acre lot directly across the pond from the house which provides privacy and serves as an ample nesting area for local birds.

The five-bedroom home sits high above Rice Gate Pond and offers a panoramic view of the pond and a thousand acres of Spring Island marshes. The home's master bedroom is on the main floor of the residence and two guest rooms are located in a separate wing with two additional bedrooms on the upper level of this bi-level home. The living room, study, dining room, sunroom, office and three bedrooms all have views of the pond and salt water marsh. The three car garage is currently configured to accommodate two automobiles, a golf cart and a work shop. The home has over 1,600 square feet of porches and terraces and there is a freestanding greenhouse and a rose garden. This home is listed at $2.75 million.

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The Miss California USA pageant is eager to put the Carrie Prejean story behind it and has unveiled the crown that will sit atop the new Miss California USA's head. INTA Gems & Diamonds, the official jeweler of Miss California USA, has designed the new crown which they say promotes unity, love and the beauty of California. The crown will be unveiled to the public at the Beauty of California dinner at the Rivera Resort in Palm Springs on November 21 at 8 pm. The stars that line the border of the crown represent the Hollywood Walk of Fame. The curves of the crown are mean to recall the waves that flow back and forth along the California coastline. The crown is made of silver, gold and a total of 768 stones including diamonds, diamond simulants, natural sapphire, and pearl.

Peter Young, creative director of INTA Gems & Diamonds designed the crown with the idea that after the controversy over Carrie Prejean's opinion on gay marriage at the Miss USA pageant he wanted his design to present a positive view for the next 2010 Miss California USA titleholder. The wave design also represents the different perspectives in California. He says: "I felt a strong need for people to know that although we may have different opinions from opposite sides, the one universal idea that speaks true for all of us is that love unites. Therefore, at the center of the beautifully formed sparkling wave design is a heart. I hope that speaks true to the next Miss California USA."

The 2010 Miss California USA pageant that will be televised on Sunday, Nov 22 on the CW and on My Television television networks.

Another hotel and condo complex is in foreclosure. The Ritz-Carlton hotel in Denver, Colorado is in foreclosure and condo units will be liquidated in a trustee sale next month according to Globe St. Goldman Sachs was the lender on the project which had sold only one of the 25 residential units.

The project's 25 residential condominiums and two ground-floor commercial condominiums will be sold as one property in a sealed-bid auction next month. The hotel and the condominium are located in what was once an Embassy Suites hotel. The condominium units are on floors 15-19 of the 38-story building with apartments above. The condos share a private owners' lobby with direct elevators, an owners' lounge and board room, and a dedicated concierge. The Globe St. article says that the location across from the Greyhound Bus station and the lack of balconies made the units a hard sell. They were once priced at as much as $800,000 to $4 million but more recently were priced from $500,000 to $3 million.

The Denver Business Journal reports that Chicago lender Transwestern Mezzanine Realty Partners III's lawsuit against individual owners of downtown Denver's Ritz-Carlton Hotel will go to trial next July. Transwestern is suing Ritz owners Steve Roitman and Jim Cobb of Denver-based energy and real estate company BWAB Inc. and hotel developer Charlie Biederman for $9 million in defaulted debt on the hotel. According to the article The Ritz's Forza athletic club building and condominium component have been in foreclosure since June for nonpayment of the $28.8 million balance due on a $95 million mortgage loan.

Today's estate is an idyllic retreat in the Turks and Caicos Islands. This home is on 2.5 acres with an additional .68 acre available. It is located less than two miles from the Grace Bay Beach area which offers access to restaurants, golf, casinos, resorts, shops and more. This home is gated and has its own private road and waterway access.

The property includes a spectacular main house with a glass bottom pool, commercial restaurant quality kitchen facilities, three master bedrooms with en-suite baths, library, sitting room, living room, screening room, secret stairway, cigar/wine room, servants' quarters and an elevator. There are two additional guest homes with private reflection pools. The estate is being sold fully furnished, including art, goods, and equipment. The property can stay as a private estate or be developed a resort.

The asking price is $15.75 million for the main estate property and $1 million for the additional .68 acre. It is listed with Grace Lappin of Avalon Partners.

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Much of the time it's easy to predict the top lot in an auction, one of the highest estimated pieces usually claims the honor. But that's not always the case. How's this for an exuberant art market moment, Emil Filla's "Still life with a Lemon, Bottle of Olive Oil, Bell Peppers and a Bowl of Vegetables", 1925, sold for $266,000 against a pre-auction estimate of just $15,000-20,000 on November 17 at an auction at Bonhams & Butterfields in Los Angeles. The auction set a new world record for the artist at auction. The auction was simulcast to the firm's San Francisco auction rooms.

This auction also included the unused Beatles album art created in 1968 by Jim Dine we discussed earlier this week. The collection of five graphite and watercolor works on vellum sold for $51,850 against an estimate of $25,000-35,000.

I wouldn't exactly call the new collaboration between R.E.M. frontman and Martin Margiela a jewelry line. It's hard to know what to call it. The limited edition (199 pieces) Michael Stipe x Margiela collaboration is a silver microcassette with a little bit of unraveled tape which can be worn a variety of ways according to the press image. It can be worn as jewelry, tied into your hair, worn on a shoe or glasses or on a keychain. It fits well with the quirky Margiela aesthetic which has also featured champagne corks and soda can tabs reimagined as necklaces. The project is a one time event and will be available at Margiela boutiques and select retailers.

Baltimore is buzzing over a big sale at the Ritz-Carlton Residences in Baltimore. A penthouse condo in the pricey project has sold for $12.6 million making it the largest condo deal at the project and in the city. Rumor has it that the buyer may be best selling author and part owner of the Orioles baseball team Tom Clancy. Clancy has created a suspense thriller empire that includes many books including the Jack Ryan series as well as a line of Clancy-branded video games.

The apartment is actually three combined penthouse units which equal nearly 12,000 square feet of space with four bedrooms, six balconies, a home theater and three semi-private elevators.

The announcement of the sale follows the recent news that a man had sued the developer of Baltimore's Ritz-Carlton Residences to get back the return of the nearly $1.1 million deposit he put down on three units there. In the suit he claimed that the representatives of the project's developers told him that he could buy the units at a special price and resell them without ever going through a closing. But on November 12, his lawyers filed a notice with the court that they are dismissing the case without prejudice. Sales have been slow at the project, since it opened in 2008, 22 out of 191 units have been sold.

This has been a big week for celebrity jewelry lines. We've seen Angelina Jolie and Brad Pitt announce a line with Asprey, Alica Keys has a new line and now actress Michelle Trachtenberg has designed a line of jewelry for Coach's youth skewed Poppy Line. Trachtenberg's line in bright and colorful with big crystals, faux pearls and metal charms. Our sister blog Styelist spoke with Trachtenberg who said that her spring line was inspired by a mixture of romance and edginess that she described as having a very "Marie Antoinette meets Blondie" vibe.