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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
High Point is the mecca for the American furniture industry.

If I had to do it all over again, I don't know if I would have spent the dinero on the furniture that I did??? I mean I really like those pieces, and they are beautiful, but...I know that after the fact that the way to buy high end stuff is to buy it USED. At Auction or Consignment shops. What is nice about the stuff is that after 25 years it still has a value approximating what I paid for it. You can not say that about other furniture. Anyway.

Old money does not throw their money around. New money does. Mostly the wealthy are rather tight with their money. The caveat is some might have a hobby where they spend inordinate amounts of money on it because they have a passion. Most likely it will be on something substantial, like art, antiques, cars, guns, coins sic something that has an on going value.

They may live well, in expensive homes and have private jets, but that is not out of line with their net worth. It is affordable for them, where to the common folk it is luxury. One of the guys I met socially through my Dad was Walt Emeric. Walt was in his 80's when I met him, he owned a bunch of the tilt up warehouse space in LA (no body knew if he was worth 20M or 100M in the 1980's USD). He drove a couple of 10 year old Chevy PU's dressed in what looked like polyester Thrift Store clothing, lived in Al Jolsons house out in the San Fernando Valley (Kate Segal from Sons of Anarchy now owns it), had a horse ranch in Ky and Simi Valley, and had a twin engine Beech Craft plane. Walts comment to me was that he had to work twice as hard for two weeks to go on vacation fishing for one week in Alaska.
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Last edited by tabs; 09-17-2016 at 05:33 PM..
Old 09-17-2016, 04:15 PM
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