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Investor appetite, central bank purchases to buoy gold

The gradual change of sentiment from the negative in the beginning of the year to the positive by the year-end should demonstrate the course some of these commodities have charted during the year.

Market fundamentals of demand and supply, changing inventory levels, currency fluctuations tiffany jewelry and investor interest have all had their say in impacting prices and provided a strong end to the year, least expected at the beginning.

Interestingly, crude is ending the year at a level that most producers are likely to perceive as benign.

Oil market balances are normalising. With improvements in underlying global demand, price aspirations are sure to move higher in the New Year. Sugar prices have set yet another fresh 28-year high (testing 26 cents a pound) with the fundamental backdrop supporting prices.

That brings us to the eternal favourite gold. Prices are up 30 per cent so far this year, despite the precious metal’s weak fundamentals. Expansion of mine supply, decline in jewellery demand, rise in scrap sales to a new high – almost everything was going against the metal, except of course investor interest.

Uncertainty in the financial markets and inflation expectation has fuelled interest in gold as a safe haven investment and hedge against inflation.

The official sector, seller for two decades, is now a buyer. This single factor has infused a bullish outlook to the precious metal.

With the dollar strengthening against the euro last week, gold suffered huge losses.

For the first time since November 6, prices fell below $1,100 an ounce weighed down by drop in equity tiffany accessories too. On Friday, London PM Fix was at $1,104.50/oz, down from $1,117/oz the previous day. Silver too fell in sympathy to $ 17.31/oz (Friday AM Fix) from $ 11.40/oz of the previous day. However, speculative interest in gold is still at elevated levels.

In the absence of fresh fundamental news-flows, short-term factors such as dollar strengthening is likely to pressure gold prices lower in the near term. Silver’s fundamentals are poor.

However, there is strong investor interest as a cheap proxy for the yellow metal.

So, silver is more vulnerable to downside price movement in the event the dollar strengthens.

Into the next year, experts assert gold prices will continue to be supported by strong investor appetite and central bank buying. Central banks seem to show signs that they are switching from net sellers of gold to net buyers.

It is anybody’s guess what would happen over the coming months.

The year 2009 is the first year since 1989 when central bank sales and purchases are somewhat balanced. That is tffany keys year end news for gold bulls.

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Aspire Auctions, Inc.; Aspire Auctions May Pre-Auction Highlights

The May Fine Art & Antiques online auction by Aspire Auctions, Inc., starts Friday, May 8th and 1200 lots close over three days, May 14, 15 and 16. Many of the fine paintings in this auction are from a large bankruptcy case, so approximately 60 paintings are offered without reserve.

There are 14 different categories: paintings, works on paper, sculpture, silver, porcelain & ceramics, fine watches, fine jewelry, glass, orientalia, decorative arts, furniture, books/maps & ephemera, vintage & fine photography and oriental carpets.

In the painting category is a rare painting by Abbott HandersonThayer. It’s a portrait of Alice Rich, estimated $15,000.00-$20,000.00. A larger 3/4 version of Ms. Rich was sold by Sotheby’s in 1995 for $107,000.00.

Another great painting is by Hungarian modernist painter Vilmos Aba-Novak. This work is illustrated in the 2006 monograph about the artist by Peter Molnos. The estimate for this rare painting is $20,000.00-$40,000.00.

A rare 1895 Pan edition lithograph of Mademoiselle Marcelle Lender en Buste is available with an estimate of $10,000.00-$15,000.00. This particular image is iconic of the Belle Epoch period.

The sculpture category has many Animalia bronzes by Bayre, Fremiet, Lecourtier, Sandoz and recently deceased Laurence Isard. Two important American artists in this category include Edith Barretto Stevens Parsons pair of Nubian bookends and Edward Francis McCartan pair of figural candlesticks, both estimated $8,000.00-$12,000.00. A pair of French soldiers by Henry Etienne Dumage came out of an estate in Lakewood, Ohio, estimated $4,000.00-$6,000.00 and offered without reserve.

In silver and porcelain, highlights included a Buccellati sterling horse head cane, Georg Jensen, Tiffany jewelry, London and Russian silver, Picasso Madoura plate, Claude Conover pottery, Dr. Wall porcelains, fine export Amorial porcelains, and a pair of Royal Worcester potpourri containers decorated by John Freeman.

The glass section of the auction is most impressive with names like Tiffany, Galle, Quezal, Muller Freres and Loetz. Of particular interest is a rare Tiffany Studios paperweight of green glass encased in bronze, estimated $3,000.00-$5,000.00. Also, there are two rare Loetz Art Nouveau table lamps, both estimated $2,000.00-$4,000.00. There are six mint Argy-Rousseau pate de verre glass pendents, all estimated $1,200.00-$1,500.00.

For information call 216-231-5515 or visit www.aspireauctions.com.

Keywords: Aspire Auctions, Inc., Aspire Auctions Inc., Leisure, Photography

This article was prepared by Leisure & Travel Week editors from staff and other reports.

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Ad Agencies Fashion Their Own Horn, and Then Toot It

ON the blog Mrs. O, fans of Michelle Obama’s style can view photos of the outfit she wore on a recent Tiffany jewelry date with the president-elect and find out where to buy the same purple designer coat.

The advertising agency behind the blog, Bartle Bogle Hegarty, does not work for Mrs. Obama or for the fashion designers the site features. In fact, mrs-o.org is not for a client at all. It is an entirely new business created by the Zag division of Bartle Bogle, which the agency started to invent new brands.

Mrs. O and Zag are part of a business model transformation in the advertising industry. Agencies are parlaying their expertise in marketing the brands of other companies into creating and marketing their own.

“Advertising is a massively old model based on the 1950s. As media has proliferated, it’s become a lot harder for us to earn enough money off our ideas,” said Ben Jenkins, the strategic director of Zag. “Zag is about creating the properties ourselves from scratch and having 100 percent of it.”

Advertising agencies have dabbled in side businesses for decades, but “inventing their own brand, not dependent on clients’ largess, is the big new thing,” said George Parker, an ad agency consultant and writer of AdScam, a blog about the industry. As the economy worsens and ad budgets tighten, “the creation of intellectual property and new products is something you’re going to see a lot more of,” he said.

The ad agency Brooklyn Brothers, for example, makes Fat Pig chocolate and is developing a furniture line. Anomaly has created the Avec Eric television series and Web site, which is the personal blog of chef Eric Ripert, and I/denti/tee, a line of music T-shirts.

Bartle Bogle started Zag in Britain in 2006 and put new emphasis on its United States business this year. It has produced Pick Me, a line of premade vegetarian meals; Ila Dusk, a personal security alarm; and Dogside, a social networking and e-commerce site for dog owners.

Zag got into the fashion blogging business in September, after Mary Tomer, a 27-year-old account planner at Bartle Bogle in New York, hatched the idea for the blog. She noticed Mrs. Obama’s style during the Democratic convention, yet could not find information on what she wore.

She decided to create a Web site, which she described as “a central resource for tracking her style and providing as much designer information and commentary as possible.”

Instead of writing the blog in her spare time after work, like most bloggers with day jobs, she approached her employers to see if they would bankroll her new hobby. They readily agreed.

“Mary was very sure about what she wanted, and when you read about the best brands, they are unrelenting,” Mr. Jenkins said. “That’s what I preached to my clients for the last 10 years, and now we have the chance to do that ourselves.”

The site posts photographs of Mrs. Obama dressed up at public events with her husband and dressed down in yoga pants and snow boots with friends. The writers describe her clothes, shoes and jewelry in vivid detail, drawing historical references to past first ladies and instructing readers where to buy similar pieces.

Mrs. O has made a parlor game out of what Mrs. Obama will wear to the inauguration. It has highlighted her favored Chicago designer, Maria Pinto, whom it compares to Oleg Cassini, a designer made famous by another trendsetting first lady, Jacqueline Kennedy (who later became another Mrs. O when she married Aristotle Onassis).

Describing a photo of Mrs. Obama meeting voters in Iowa during the campaign, Ms. Tomer wrote: “The deep peach hue of Mrs. O’s silk top, softly folded at the neckline, catches the light and jumps from the page.” She compared it to a photograph of Mrs. Kennedy on a boat in India, wearing an apricot silk dress reminiscent of Mrs. Obama’s blouse.

In another entry, the blog praised Mrs. Obama’s creative use of a trio of brooches made by jewelry designer Erickson Beamon. In September, she wore them to pin a cardigan and a month later they appeared atop her pearl necklace at the third presidential debate.

“Mrs. O also knows how to get mileage out of her accessories,” the blog declared. “She’s a master at putting an inspired, fresh spin on the same pieces to make them feel completely brand new.”

Ms. Tomer and the site’s other writers find pictures of Mrs. Obama in newspapers or on the photo Web site Flickr and get permission from the photographers to post the photos free. They research her outfits by calling designers, searching on sites like Style.com and, when stumped, turning to the blog’s readers.

At first, Bartle Bogle thought of the site as an experiment in new media. Quickly, though, “there was a realization that there was a bigger idea here that was a very viable business opportunity,” Ms. Tomer said.

The site had 120,000 readers in November and is already earning revenue from Google AdSense. It has joined Coutorture, a fashion blog network owned by Sugar Inc. that will syndicate Mrs. O content. Reversing the usual ad agency role and selling ad space instead of buying it, the blog will most likely join the ad network SyndiGO, Ms. Tomer said.

Its writers are on the verge of signing a book deal and are producing a T-shirt in time for the inauguration that is inspired by Mrs. Obama’s jewelry and designed by a Bartle Bogle graphic designer, Ms. Tomer said. They plan to soon sell other merchandise, like tote bags. Revenue is shared among the agency and the employees who work on the site.

Bartle Bogle has spent less than $2,000 on the site, not counting the time that at least 14 staff members have put into writing posts, creating the logo and building the Web site. Maintaining the site is now 40 percent of Ms. Tomer’s job.

Bartle Bogle learns lessons from the brands it builds that it applies to its client brands, Mr. Jenkins said.

“They will be able to use Mrs. O to say, ‘Here’s what we did,”‘ Mr. Parker said. “It demonstrates an expertise that’s outside the old parameters of what ad agencies did.”

Still, he said, the site’s creators will have to tread lightly as they try to make money on the site, because audiences want blogs and social networks to be conversation tools, not marketing vessels. “Particularly with the Obama mystique, anything that smacks of commercialism will blow up,” he said.

Mrs. Obama and the Mrs. O blog succeed as brands, Ms. Tomer said, because the soon-to-be first lady’s sartorial choices are thoroughly modern, from her embrace of practical yet fashionable flat shoes to her mix of high-end designer gowns and J. Crew separates.

“On the campaign trail, she’s in skinny jeans and a sweater set, and a few hours later on ‘Larry King Live,’ she’s in this beautiful purple frock with a fantastic feathery brooch,” Ms. Tomer said. “With Michelle Obama, you see the different roles she takes on in her life reflected in her wardrobe. There’s an authenticity, a realness, and people can relate.”

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Organic, cost-savvy designs climb fashion’s trellis

It’s difficult to discuss fashion these days without the conversation taking a sharp turn toward a much less exhilarating yet equally timely topic: the state of the economy.

Especially when it comes to those ohso-flighty trends that set down and alight as quickly as the seasons turn, retailers can’t help but consider the competing tugs on consumers’ pocketbooks as they decide which merchandise will be stylish and salable enough to make the grade in their stores.

“We know that the customer will be much more price-driven, especially at the beginning of the year,” says Janet Goldman, chairman and chief executive officer of Fragments, which operates two stores in New York City. “They’re going to be more selective than ever. They’re looking for unique Tiffany jewelry , eye-catching key rings jewelry. What we need to offer are really different kinds of pieces to gain a competitive edge.”

The runway shows for 2009 put a premium on individuality, offering plenty of inspiration for those seeking unique looks in both apparel and jewelry. Among the most prominent of trends was globalinspired looks that borrowed from around the globe. For jewelry, that means baubles with a hand-wrought, crafty bent to them, such as necklaces featuring beading and organic materials including wood, shell and leather, says Helena Krodel, associate director of media for the Jewelry Information Center.

Goldman says the trend toward organic designs (which often make for more affordable pieces) is one on her radar, and Fragments’ inventory includes designs from Lena Skadegard, who crafts baubles from fossilized wood juxtaposed with fine gold and gemstones. Rough-cut diamonds also carry an organic edge, Goldman says, and they’re comparatively price-friendly to boot, she adds.

Jewelry and style expert Michael O’Connor says that in addition to jewelry integrated with earthy touches like wood, consumers will find unexpected materials such as sharkskin and python skin, making for jewelry that is bolder and that stands out against 2009′s highly textured apparel.

Flesh-colored clothing was another major story on the spring runways and one that provides something of a blank palette for jewelry. Krodel points to designer Stella McCartney’s Spring 2009 runway collection, where models wore nude-colored clothing and oversized, tribal-like hoop earrings made of shell.

In terms of jewelry styles, statement necklaces jewelry will remain a mainstay, with oversized necklaces, thick cuff bracelets and hefty cocktail rings holding sway. If any- thing, says Duvall O’Steen, director of jewelry public relations and promotion for the World Gold Council USA, jewelry is scaling up in size, with necklaces resembling everything from bibs and collars to breastplate-like armor spanning the entire chest.

“Fashion is very feminine for spring,” O’Steen says of a runway trend toward billowy, airy fabrics. “It’s floaty and pretty, and the jewelry is creating a [bold] juxtaposition to that.”

O’Steen and Krodel both see a return of large earrings, from hoops to chandelier styles, while O’Connor believes that small studs and button-like earrings will bring greater focus to large statement necklaces.

In terms of color, O’Connor says that on one side of the spectrum, black and white motifs are still strong on the runways. Saturated hues will also remain big, with rich reds, fuschias, eggplant and brown tones among the popular hues for the early part of the year, he predicts.

At Fragments, Goldman will be placing her bets on silver pieces, which a bevy of designers are offering lately to keep material costs down and price points lower. She also remains confident about yellow gold’s place in fashionistas’ hearts, and believes rose gold is still one to watch.

On the West Coast, at Sarah Leonard Fine Jewelers in Los Angeles, owner Gail Friedman says that while trends in the magazines tend to take a while to get to consumers, “people do want something unusual.” She says it’s not very wise to bank on anything these days, but believes line bracelets and bangles will do well along with big cocktail rings and “chocolate”-hued pearls, diamonds and gold.

While she says consumers do pick up on the major trends, their ultimate decisions tend to be based upon comfort and personal style.

“They’ll pick something that looks good on them,” she says.

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