Luxury, Refined: Abadeen’s Boutique Vision Reshapes the Lower North Shore

Luxury means different things to different people. On the Lower North Shore, it often means the everyday things are well considered and exceptionally executed.

House-like proportions. An abundance of natural light. Security and privacy. Materials crafted with care.

Homes built for the way people truly live, shaped by industry expert and Lower North Shore local resident at the helm, Justin Brown, whose attention to detail is constant and uncompromising.

This is the space Abadeen has occupied for more than 25 years.

The developer has delivered premium residential, commercial and mixed-use projects across Australia, but the Lower North Shore has become the clearest expression of its philosophy.

A recent example is Cremorne Point Estate, completed in 2020.

Its craftsmanship is so enduring that the penthouse is now reselling for almost twice its original price in only four years. Smaller buildings. Real liveability. Design that retains its elegance over time.

Abadeen’s current portfolio also includes The Villas, Mosman Residences, Park Residences, Northcote Collective and the newly announced Burran Residences in Balmoral. But three completed buildings now take centre stage: The Hampden in Mosman, ENSO in Neutral Bay and KOYO in Crows Nest.

All are complete, move-in ready, and only a limited number of residences remain. At The Hampden, only one whole-floor residence remains available.

North-facing luxury living with sweeping Middle Harbour views, The Hampden.

The Hampden, 1/8 Warringah Road, Mosman: A Whole-Floor Masterpiece with Middle Harbour Views

Meticulously crafted by acclaimed Mathieson Architects and delivered by Abadeen, The Hampden offers a rare level of refinement within an exclusive collection of only three residences.

The final available home is a brand-new, whole-floor residence capturing sweeping Middle Harbour views over Chinamans and Clontarf Beaches from a prized northerly aspect. It delivers a house-like ambience with floor-to-ceiling glass that draws in natural light, paired with exquisite finishes in natural stone and warm timber.

Expansive open plan living and dining areas are anchored by a premium fireplace and flow out to a generous north-facing entertainers’ terrace overlooking boat-studded waters. The high-spec kitchen includes a full butler’s pantry, WOLF appliances, an integrated Sub-Zero fridge and freezer, a wine fridge and a Taj Mahal Quartzite island.

Residences include:

  • Three bedrooms positioned away from the living areas and designed as peaceful retreats. Each has built-in wardrobes, while the master suite features a dressing room, a walk-in wardrobe and a deluxe ensuite with stone finishes and a rainwater shower. There is a second stone bathroom, a powder room and a large laundry adjoining the butler’s pantry.
  • Ducted air-conditioning, engineered oak floors, premium wool carpet, extensive storage and lift-to-foyer access from secure basement double parking.
  • Perfectly positioned, The Hampden is a short walk to the water’s edge at Rosherville Reserve, Balmoral and Chinamans Beach, and close to Mosman Village.
  • Best suited for buyers seeking a high-end, low-maintenance luxury with elevated craftsmanship and effortless indoor-outdoor living.
ENSO’s serene open-plan living with warm materials and curated finishes.

ENSO, 34 Grosvenor Street, Neutral Bay: Nine Bespoke Homes Shaped for Daily Rituals

With only nine residences, ENSO is a boutique collection where Koichi Takada’s architecture focuses on calm, contemporary living.

Natural stone, timber and soft curves create a sense of warmth, while generous glazing and landscaped outlooks bring light and greenery into the heart of each home. Rooms are designed for real daily use, with integrated joinery, considered storage and floor plans that prioritise ease and comfort. The result is a series of homes that feel composed, tactile and effortless to live in every day.

 Residences include:

  • Three-bedroom residences and a spectacular, whole-floor, four-bedroom penthouse are yet to be released to the market.
  • Ground floor garden residences that extend living outdoors with private landscaped courtyards or balconies, while elevated homes enjoy quiet village outlooks.
  • Gourmet stone kitchens with premium V-Zug, Fisher & Paykel and Liebherr integrated appliances and abundant storage.
  • Restful bedrooms appointed with refined finishes and thoughtful proportions.
  • Three-bedroom layouts with generous open-plan living.
  • Contemporary homes with secure parking, storage and lift access.
KOYO’s sculptural, light-filled living framed by lush, private landscaping.

KOYO, 5 Rodborough Avenue, Crows Nest: Treetop Homes Defined by Sculptural Calm

Designed by Koichi Takada, KOYO is a boutique collection of 27 residences shaped by natural textures, soft curves and a refined sense of luxury.

Its low-rise form sits within a leafy cul-de-sac, offering privacy only moments from Crows Nest village and the new Victoria Cross Metro station.

Inside, every space is crafted for daily ease. Timber, stone and sculptural details create a warm, tactile palette, while full-height glazing draws light into the heart of each home.

Integrated joinery, intuitive circulation and thoughtful storage keep rooms open, calm and effortless to live in.

KOYO reflects Abadeen’s approach to modern living: refined, confident and beautifully functional. KOYO is modern, confident and created for daily life without unnecessary embellishment.

Residences include:

  • A three-bedroom whole-floor penthouse with dual terraces, panoramic views, private lift access and sculptural interior detailing
  • Three-bedroom apartments with generous indoor-outdoor layouts and private balconies or landscaped courtyards
  • A garden residence with secure direct entry and a house-like feel
  • An upper-level home with district views and sun-filled living spaces
  • Designer kitchens with V Zug appliances, premium stone and integrated Liebherr refrigeration
  • Sculptural interiors with timber accents, curved joinery, study spaces and in-built bars
  • Refined bedrooms including master suites with walk-through wardrobes and well-appointed en-suites
  • Elegant bathrooms with stone vanities, brushed platinum tapware and ambient lighting
  • Fireplaces in selected residences for warm, inviting living spaces
  • Lift access, secure parking, storage cages, ducted air conditioning and video intercom
  • A landscaped rooftop terrace with garden seating and a BBQ area
Justin Brown, Executive Chairman & Founder, Abadeen
Justin Brown, Executive Chairman & Founder, Abadeen

Abadeen’s Philosophy

Abadeen’s philosophy is shaped by Executive Chairman & Founder Justin Brown, whose three decades in the industry have defined a distinct approach to residential development on the Lower North Shore and beyond.

Justin believes luxury should feel effortless. A home should work beautifully every day, with planning that makes sense, materials that age gracefully and detailing that supports calm, comfortable living long after the first inspection.

This philosophy is embedded early in the design process. Acoustic comfort, natural shading, solar orientation and circulation are resolved from the outset.

Landscapes are designed to welcome residents rather than simply frame buildings. Interiors prioritise clarity and ease, with joinery, storage and spatial proportions refined to deliver homes that feel composed, tactile and intuitive to live in.

Justin’s values-led approach unifies Abadeen’s Lower North Shore projects. Each reflects the same commitment to certainty, longevity and quiet architectural excellence. These are homes built to be lived in, not performed, shaped around the daily rituals, warmth and comfort that define enduring residential design.

 The Lower North Shore Advantage

This part of Sydney reflects Abadeen’s values. Established neighbourhoods. Walkable villages. Tree-lined streets. Natural light and natural rhythm. It is a quieter style of luxury that holds its value and relevance over time.

 Abadeen is a leading Australian property developer with premium residential and mixed-use projects across NSW, VIC, QLD and WA. Limited residences remain at The Hampden in Mosman, ENSO in Neutral Bay and KOYO in Crows Nest. Private appointments and viewings are now available. Call Jay Carter on 0417 248 117.

Sydney’s priciest streets widen the gap in Australia’s luxury market

Sydney has cemented its status as the nation’s luxury capital, with Kambala Road in Bellevue Hill being Australia’s most expensive street this year, posting a median house price of $39.35 million.

And, according to Ray White senior data analyst Atom Go Tian, last year’s leader, Wolseley Road, was excluded from this year’s rankings due to limited sales.

“Wolseley Road recorded only three sales this year and was therefore excluded from the rankings, though its $51.5 million median would have otherwise retained the top position,” he says.

Bellevue Hill continues its dominance, accounting for six of the nation’s top 10 streets. Tian says the suburb’s appeal lies in its rare blend of location and lifestyle advantages.

“The suburb’s enduring appeal lies in its rare combination of proximity to both the CBD and multiple beaches, harbour views, and large estate-sized blocks on tree-lined streets.”

Vaucluse remains a powerhouse in its own right. “Vaucluse extends this harbourside premium with even more direct beach access and panoramic water views,” he says.

The gulf between Sydney and the rest of the country remains striking.

According to Tian, “Sydney’s most expensive streets are more than five times more expensive than the leading streets in Perth and Brisbane, and more than 10 times the premium streets in Canberra and Adelaide.”

He attributes this to Sydney’s economic role and geographic constraints, describing it as “Australia’s financial capital and its most internationally connected city.”

Beyond Sydney, each capital city has developed its own luxury hierarchy. Tian highlights Melbourne’s stronghold in Toorak, noting that “Melbourne’s luxury market remains centred around Toorak, led by Clendon Road, St Georges Road and Linlithgow Road.”

Brisbane’s prestige pockets are more dispersed: “Brisbane’s luxury real estate shows a more diverse pattern,” he says, led by Laidlaw Parade at $6.5 million. Perth’s top-end market remains anchored in the Peppermint Grove–Dalkeith corridor, with Forrest Street at $7.5 million.

He also points to the stark contrast at the lower end of the spectrum. “Darwin presents a mirror image, hosting all 10 of the country’s cheapest streets,” Tian says. Austin Street in Southport sits at just $117,500.

The national spread reaches its extreme in New South Wales. “Sydney emerges as the most polarised market, spanning an extraordinary range from Railway Parade in Katoomba at $385,000 to Kambala Road’s $39.35 million,” Tian says.

Methodology: Tian’s analysis examines residential house sales between November 2022 and November 2025, with only streets recording at least five sales included. Several streets with higher medians, including Black Street, Queens Avenue and Clairvaux Road in Vaucluse, were excluded because they did not meet the sales threshold.

One Man’s Quest to Reunite With His First Love: A 1971 VW Bug

Locals in Pawleys Island have a special affection for classic vehicles. The coastal South Carolina town is home to many nostalgic retirees, and on weekends its streets see plenty of restored ‘60s-era muscle cars.

Of all the classics motoring past Parlor Doughnuts on Ocean Highway, none has captured the community’s attention like Rudolph the Red-Nosed Volkswagen.

“Everybody in town rubber necks and waves when this Beetle drives by,” says Rev. Wil Keith, a 47-year-old priest. “It’s one of the much-adored cars in our little town right now.”

It is a 1971 red Super Beetle and its story is special.

Jeff Siegrist was a student at the University of Tennessee when he first set eyes on her at a Knoxville dealership.

Siegrist pounced, handing over his father’s old Ford Falcon and $2,278.54 for the Bug. He kicked in $67.45 for an AM radio and $5.95 for a cigarette lighter.

“So that was my car from that day forward,” says Siegrist, an executive search consultant specialising in the forest products industry.

The Beetle was a sales phenomenon and a pop-culture hit that ushered in the era of mass European auto imports. It was also a Hollywood star, thanks to Herbie from the “Love Bug” movie franchise.

Siegrist road-tripped his Beetle all over. When he met his future wife, Mary, he took her on a first date in the red Bug. When the couple had their first child, the baby boy came home in the backseat.

“It was part of the family,” says Siegrist. Mary gave the car its name, around Christmas time in 1972: Rudolph.

The couple had two more children and ultimately sold the car in 1996. “It just wasn’t practical anymore,” he says. “There were tears in my eyes.”

Up to this point, the story isn’t much different from many of the more than 21.5 million original Beetles that Volkswagen sold.

But during the pandemic, things got interesting.

“I kept thinking, ‘Boy, I wish I knew where my old Beetle was,’” says Siegrist. “I wondered whether other people loved it the way my wife and I did.”

Eventually he got serious. He dug up the car’s original bill of sale, which had a vehicle identification number. He had sold the car to someone in Georgia, a quarter century earlier.

So he called the Georgia department of motor vehicles. Turns out the car was still registered and on the road. But that’s all the office would say.

Siegrist got an attorney involved. Two weeks later, the lawyer called with a name and a phone number for a woman he believed to be the current owner. So Siegrist called.

“I was shocked,” says Tracy Swift, who teaches dental hygiene at Albany State University in Georgia. “He started the conversation with, ‘You’re going to find this phone call very weird.’” Swift thought she had a stalker, and recalls Siegrist saying, “I’m not crazy, I promise. Just let me tell you my story.”

Swift did drive a 1971 Beetle. She checked the VIN number and it was a match.

Siegrist traveled to Georgia, met Swift at her office, and drove the car in the parking lot. “I didn’t want to sell the car,” she says, “but because of his story, I felt like it needed to go back to its owner. It was the sweetest story.”

They agreed on a price (he says “many times over the original cost”) and the car showed up on a truck in Siegrist’s driveway days later. It was just before Christmas in 2022.

The first thing Siegrist and his wife did was drive around the block, with tears in their eyes. “Rudolph is back!” his wife yelled as they drove.

Siegrist went digging in a bucket full of coins and junk for a key chain. At the bottom, he found Rudolph’s original key. He didn’t remember saving it.

The Beetle needed restoration. So Siegrist asked advice from someone he trusted. Enter Keith, the rector at Siegrist’s church.

“When you’re at church,” Keith says, “and the service is over and everyone is filing out, that’s when folks share, often, important information about their lives.”

Keith, it turns out, had grown up the son of a car restorer and worked on cars himself in his garage. He was not a professional. He worried if he would have enough time. But a parishioner needed help. How could he say no?

It took about a year. “Aside from the paint and some engine work,” Keith says, “I ended up doing more than I was expecting, with no complaints whatsoever. In some ways, it was like I gained a parishioner. Only it was a car.”

In 2024, Siegrist began driving Rudolph around Pawleys Island. “Rarely can I go anywhere where somebody doesn’t stop me,” he says.

“Because probably 50% of the people of my generation have owned a Beetle or have had an adventure in a Beetle. People want to know the car’s story. So I tell it.”

As for Keith, he says, “It’s a point of pride that I had a hand in it.” Like most classic car stories, this one continues.

“As soon as Jeff stops finding little things for me to fix, then the story will be over,” he says. “But he keeps finding things for me to do! Which I don’t mind one bit.”

NEW WAVE: THE EVOLUTION OF AUSTRALIA’S COASTAL LUXURY

In the land down under, the beach is in our DNA. So is it any wonder that Australian architecture is leading the world in luxury coastal design?

With about 85 per cent of our population living within 50 kilometres of the coastline, we’ve perfected the art of the beach house. Yet over the past two decades, there’s been a sophisticated shift in the traditional coastal cottage.

The residential revolution that has washed over our most valuable waterfront locations has replaced the original weatherboard “shacks” by the sea with a contemporary design movement shaped by admiration and respect for the natural environment.

No longer simply about the view, today’s coastal architecture is about creating beautiful homes that perform seamlessly in an increasingly volatile climate while meeting the rising tide of high-net-worth buyers who want it all.

From infinity pools to wellbeing spaces that connect with nature, one-time weekenders have been transformed into permanent escapes, providing year-round indulgence.

The Wamberal beach house.

An island home

Belgian-born, Tasmania-based architect Lara Maeseele believes the quintessential coastal home has become a finely tuned instrument. With more vacant land to experiment with, and lower entry prices, she says the Apple Isle is perfectly placed for architects and homeowners to explore the new-age beach house.

“A highlight in Tassie is you can find these amazing vacant blocks on the coastline, and still be blown away by the unexpected views,” she says.

Having studied in Belgium and worked in London, Maeseele brings a northern European minimalist sensibility to the Australian beach house.

“Our way of life is so complex. When we get home, it’s nice to slow down, to declutter and find some peace and quiet.”

Nebraska House on Bruny Island took home the 2025 HIA Tasmanian Home of the Year and earned a commendation at the Houses Awards, but Maeseele still affectionately refers to her design overlooking the D’Entrecasteaux Channel as a “shack.”

“What we tried to do was make sure that from the foreshore, it was kept small and consistent with the neighbouring properties, and that’s the luxury element that I see in the shack. It sits quietly in its setting.”

With a water backdrop from most rooms, she says the ocean was a primary player when designing the house, but light was just as important for the clients.

“Both the western and eastern elevations slide wide open so it feels like a bit of an umbrella,” she says. “Then in winter, it’s fully insulated and glazed. When the sun sets, you have the most beautiful evenings, feeling cosy and sheltered while watching the wind and water outside.”

True to her European roots, Maeseele believes that when it comes to aesthetically pleasing and functional coastal design, the less-is-more approach should drive every project.

“We’re on an island, so we’re very aware any build leaves an impact,” she says. “We chose lightweight materials so, in the end, the house could be dismantled and the timber reused.”

Light pours into the Wamberal Beach house dining room.

Thriving by the sea

Sydney architect Jon King, who has designed both beach houses and boutique hotels, says the new generation of coastal design is a balancing act between luxury and environment. 

Even in today’s dazzling designs, he believes comfort should still overshadow spectacle.

“If you’re going to make an exceptional beach house, it has to adapt. It needs to be beautiful when the sun is shining and the whales are jumping out of the water, but the next day it needs to withstand horrendous southerlies and wild storms,” he says.

“The material choices are vital because they need to look great, but last in that salty environment and in extreme winds and rain.”

What was once the domain of fibro cottages has developed into a sea of enviable, state-of-the-art designs.

“For a long time, we lived simply in beach environments because the land was cheap and our buildings were unsophisticated. But now, living on the coast has become coveted, even fetishised. People are making statements through architecture, and that changes everything.”

He says that in an effort to connect with nature, the temptation can be to build with vast walls of glass to capture the ultimate panorama, but subtle design can be more successful when it gives the dramatic backdrop a curated cameo.

“Most coastal locations are suburban in nature with small blocks and neighbours either side, so you can’t always get the view you want,” he says. 

“But you can frame it beautifully rather than opening everything up to the elements.”

Cheyne Fox of White Fox Gold Coast, who has recently listed one of only two houses on Hayman Island in the Whitsundays, agrees that Australia’s coastal homes are unparalleled.

“Gone are the days when people wanted their properties to stand out and look at odds with the surrounds. Today’s luxury designs are very much about fitting in,” Fox says.

The Residence at Hayman spans three levels and offers more than 1,400 square metres of internal and external living space.

Designed by the late, internationally renowned architect Kerry Hill, it also features breezeways, terraces and an infinity pool designed to embrace the subtropical environment.

“When you get to Hayman Island, you get calico bags. There are no plastic bottles or even cars. There is a true respect for the environment, being so close to the Great Barrier Reef. And as such, the architecture reflects that ethos.”

She says high-net-worth buyers will pay top dollar for such indulgent and considered coastal designs.

“This is a once-in-a-lifetime proposition for a purchaser, but also a once-in-a-lifetime proposition for an agent.”

Read the full story here.

The North Carolina Village Where America’s Wealthiest Go to Fly Under the Radar

CASHIERS, N. C.—Shortly before 4 p.m. on a recent November afternoon, Buck’s Coffee Cafe was buzzing with a steady stream of customers that included a local chef, the scion of a hot-sauce empire, a real-estate developer and others.

Two Porsches and a pickup truck were parked in front of the shop, which serves as a de facto town hall at the intersection of North Carolina Highway 107 and U.S. Route 64.

If Cashiers had a town centre, this would be it: a crossroads surrounded by a smattering of retail.

In the Blue Ridge Mountains, the unincorporated village has no mayor, no local police force and no central public water supply. There is a limited public sewer system, just a handful of sidewalks and one Ingles supermarket, affectionately known as “Mingles” because it is where locals tend to socialise.

But what Cashiers does have is lots of uber-wealthy homeowners who have been coming to the area for more than a century.

With a full-time population of just 825—and at least four billionaires with homes—Cashiers has one of the highest concentrations of wealth in the country, according to data from Altrata, a wealth-intelligence firm.

Drawn to the area’s climate and natural beauty, most deep-pocketed homeowners, including billionaires like Ken Langone, a co-founder of Home Depot, and members of Nashville’s Ingram family, own property in a half-dozen private golf communities fanning out from the main intersection.

Even as real-estate values in Cashiers (pronounced Cash-ERS) nearly doubled over the past five years, locals have resisted overdevelopment in favour of retaining its small-town character, which provides relative anonymity to its wealthiest residents.

A September article in The Wall Street Journal, disclosing the presence of four billionaire families, got the community talking.

“People said, ‘Four? What an insult. We’ve got more than that,’” said Ann McKee Austin, who summered in Cashiers as a child and who co-developed, with her brother William McKee, the Wade Hampton Golf Club in the 1980s. “It attracts low-key people, not jet-set people,” said Austin.

South Carolina politician Wade Hampton III, a Confederate general, was among the first to build a summer lodge in Cashiers in the 1800s.

By the 1980s, golf communities with courses designed by Tom Fazio, Arnold Palmer and others began sprouting up in the area.

Today, there are at least 15 clubs on the Highlands-Cashiers Plateau, a roughly 25-mile area that includes Cashiers and its sister town of Highlands, a quaint tourist destination with high-end shops, restaurants and hotels.

By contrast, Cashiers has no Main Street and is “no frills,” said real-estate agent Kati Miller of Caliber Fine Property, comparing it to the fictional town of Mayberry. “You’re not going to see Prada or any sort of chain. It’s hard to get to—the closest airport is 45 minutes away on windy one-lane roads.”

Life in both places largely revolves around the clubs, where the average home-sale price was roughly $5.4 million over the past three months, said Ali Moody of Caliber.

Owning property is often a prerequisite to membership, which costs upward of $100,000 plus annual dues. Besides amenities like golf, tennis, croquet and dining, clubs also provide infrastructure like roads, water and sewer systems, making construction of luxury homes possible.

“Clubs are like mini-cities, quite frankly,” said Jody Lovell of Highlands-Cashiers Sotheby’s International Realty. Some clubs even provide workforce housing.

Over the years, the ranks of wealthy residents have swelled to include Langone, who paid less than $1 million combined to buy 5.77 acres at Wade Hampton in the 1990s, records show. (For many years, the late Bernie Marcus, another co-founder of Home Depot, also had a place there.) Martha Ingram, who succeeded her late husband as chairman of the billionaire family’s conglomerate Ingram Industries ,bought at the Chattooga Club more than three decades ago.

Langone said he was visiting a friend for the weekend when he toured Wade Hampton and was “blown away” by the newly-built golf course. He bought land before he left and built a four-bedroom home that he has added to over the years.

He said people in Cashiers are civic-minded, hard-working, and kind. “I go there, and they treat me like I’m just anybody else,” he said, “which is the way it should be.

Martha’s son, David Ingram, and his wife, Sarah, own several properties at Chattooga—and they recently purchased the club from his uncle (and Martha’s brother) John Rivers, who developed it in the 1980s.

Members of the McIlhenny family, which has been making Tabasco in Louisiana since the 1800s, also own in Cashiers, as does billionaire Scott Hardman Ward, a scion of Russell Stover candies, and Treasury Secretary Scott Bessent , who spent $4.6 million in 2022. He is now looking to sell his property for $5.25 million.

Billionaire energy mogul William Doré owns two homes in Wade Hampton, which he purchased for about $3 million combined in 2016 and 2019. And Ric Elias, the billionaire CEO of Red Ventures, recently sold a roughly 2.6-acre lot at the Club at High Hampton for $2.5 million, after paying $2.25 million in 2023. Elias and Bessent didn’t comment. Ward, Doré and the McIlhenny family didn’t respond to requests for comment.

Year-round residents say wealthy “summer people” don’t get any special attention. Pro golfers with homes in the area regularly grab a slice at Slab Town Pizza, said restaurant manager Scott Mulchay. No one bats an eye.

Langone said one of his favourite events is a July Fourth get-together hosted by a family at High Hampton, who serve barbecue; people dress in Americana, sing patriotic songs and fire off a mini-cannon, he said.

“We don’t need to prove what we have or show what we have,” he said. “We just enjoy everyone’s company.”

It’s been discovered

Despite its unpretentiousness, a turning point for the Cashiers luxury market came in the early 2000s, when Discovery Land Co., the developer behind Montana’s Yellowstone Club, opened Mountaintop Golf & Lake Club, drawing more well-heeled buyers not just from the Southeast, but other parts of the country. The McKee family’s sale of the High Hampton Inn in 2017 to the operator of Tennessee’s popular Blackberry Farm, which renovated the historic property, had a similar effect. undefined

Rob Palumbo, who works in the financial services industry in Atlanta, fell in love with Cashiers’ tranquillity 25 years ago, and for years he owned a log cabin on the Tuckasegee River. In 2013, he and his wife, Melanie Palumbo, paid $800,000 for a 2.3-acre lot at Mountaintop and built a six-bedroom house.

Like other resort areas, Cashiers experienced a Covid boom that turbocharged home prices.

Between 2020 and 2024, the average home sale price jumped 88.8% from $1.05 million to $1.98 million, according to data from the multiple listing service. Despite economic uncertainty that has slowed the luxury market nationwide, Cashiers recently had a string of sales above $7 million—a once-untouchable price point.

“For the longest time, $6 million was the ceiling,” said Caliber’s Miller, who said prices are rising as new homes sell for the first time.

The record in Cashiers was set in July, when a house at Mountaintop with a glass-and-steel facade sold for $11.11 million, said listing agent Liz Harris of Cashiers Sotheby’s International Realty. The prior owner paid $600,000 for the 1.85-acre lot in 2020, records show. “What kept [the market] down before, honestly, was people didn’t know about it,” Harris said. The buyer couldn’t be determined.

Chasing higher prices

Earlier this month, a 6.5-acre estate at Cullasaja Club—halfway between Cashiers and Highlands—sold for $12 million.

Some real-estate insiders say the market, as it currently exists, can only grow so much.

Cashiers has six months’ worth of world-class golf between May and October, but there is less to draw people there during the “shoulder” seasons, said developer Sam Lupas.

A bigger issue is inventory. Many of the clubs have waiting lists, Miller said, even Mountaintop, where the initiation fee will be $275,000 starting January 1. “I hate to say it, but we need another club up here,” she said. “They’re all full.”

Growing pains

In 2003, locals voted against incorporation out of fear of paying higher taxes or ceding autonomy to government bureaucracy. Instead, local philanthropists have supported a local charter school, library, boys and girls club and volunteer fire department.

Two decades ago, when a hotel developer tried to build an Econo Lodge near the main intersection, residents swooped in to purchase the land. They designed a Village Green that is encircled with a low stone wall, and a hard-to-find entrance in the rear. “It was meant to be for the people that live here, and you access it from behind the scenes, rather than ‘Stop here and have a picnic lunch,’” said Austin.

Over the past few years, Cashiers has experienced growing pains amid its newfound popularity. During the summer months, traffic can back up for miles, said the Rev. Steve Hines, a retired clergyman who is a member of the Chattooga Club. “There were wealthy people here before, but not at this level,” he said. The growth “has gotten a little out of hand.”

Affordable housing is also an issue, said Jackie Hooper Hernandez, a clerk at Lulu & You clothing boutique, who said she is lucky to live with a relative about 8 miles from the shop. Other family members drive more than 30 minutes to work. But she puts up with the inconveniences of the summer influx because her livelihood depends on it. “We might hate the traffic,” she said, “but you know, if we didn’t have that, I wouldn’t have a job,” she said.

Some people think Cashiers would be better off incorporating, so that it could benefit from having its own tax base and public infrastructure.

But others believe there is reason to fear overdevelopment. “I’ve witnessed an overbuilding [at other clubs], where going to dinner or getting a tee time for golf almost became a lottery system,” said Hufstetler, who just bought the $12 million house in Cullasaja. He previously owned homes in Destin, Fla., and on Lake Oconee, Ga., that he sold when those areas became too crowded.

Lupas said he and his partners are working on an effort to bring hospitality, retail and housing to Cashiers in a way that is both appropriate and “authentic” to the community. “Some people think I’m an evil developer,” but he said the opposite is true. He believes a certain amount of growth is good for Cashiers, if not necessary. “Everybody wants it to stay like it was in 1950, but it’s not possible.”

A&K Unveils a New Era of Tailormade Luxury in Africa

Abercrombie & Kent has strengthened its position as the world’s leading experiential travel company with two newly transformed lodges in Africa, signalling a new era of tailormade luxury for guests seeking deeply personal, once-in-a-lifetime journeys on the continent that shaped the brand more than 60 years ago.

For A&K, Africa is not just another destination; it is the birthplace of the company and the foundation of its pioneering approach to responsible luxury travel.

Tailormade journeys allow guests to explore this vast continent entirely on their own terms, supported by a global network of destination experts, specialist guides, and on-the-ground “guardian angels” available around the clock.

Every tailormade itinerary is a fully customised experience, interweaving iconic highlights with hidden wonders. Whether guests dream of tracking wildlife on remote plains, discovering ancient cultures, or reconnecting with family in one of Africa’s most inspiring landscapes, each journey is designed to be as unique as the traveller themselves.

Abercrombie & Kent’s African portfolio has entered a new chapter with the reveal of two extensively rebuilt Sanctuary lodges in Uganda and Botswana, each designed to elevate the experience of Tailormade travel, the luxury company’s signature approach to deeply personal, fully customised journeys.

For more than 60 years, A&K has drawn on its roots in East Africa to craft exceptional, high-touch adventures for travellers seeking privacy, immersion and meaning.

With the reopening of Gorilla Forest Lodge in Uganda and Baines’ Lodge in Botswana’s Okavango Delta, the brand is doubling down on the blend of design, wildlife access and sustainability that has long set it apart.

A rare mountain gorilla in the wilds surrounding Sanctuary Gorilla Forest Lodge, deep within Uganda’s Bwindi Impenetrable Forest.

Gorilla Forest Lodge: A New Benchmark 

Tucked inside one of the world’s most biologically rich regions, Gorilla Forest Lodge, an A&K Sanctuary, has long had a singular claim: it is the only luxury lodge located within the actual boundaries of Bwindi Impenetrable National Park.

Already extraordinary in location, the lodge has now undergone a complete transformation — and the result is a deeply refined, fully immersive sanctuary designed with both sensitivity and ambition.

Design that draws from the forest, not against it

The rebuild significantly expands each of the ten guest suites, creating generous private sanctuaries suspended in the rainforest canopy. Interiors draw directly from local craft traditions — banana-fibre ceilings, handwoven textiles, reclaimed woodwork and artisanal detailing made in nearby communities. The effect is layered, tactile and unmistakably Ugandan.

Bathrooms have been reimagined as spa-like retreats, with freestanding bathtubs positioned for forest views and rain showers opening to private decks. Each suite now includes its own lounge, an oversized bed, and an elevated deck where guests often spot the region’s famed mountain gorillas at dawn.

A newly transformed suite at Gorilla Forest Lodge in Uganda’s Bwindi Impenetrable Forest. Photo: Damian Russell.

Conservation and culture at the centre

The lodge’s redesign continues A&K’s decades-long commitment to Uganda’s local communities. Every stay contributes to A&K Philanthropy projects, including education initiatives and healthcare access for villages bordering the park.

Geoffrey Kent’s deep history in Uganda, stretching back more than 40 years, is woven into the property’s ethos. Guests can participate in conservation-oriented activities, guided by expert trackers who work directly with the Uganda Wildlife Authority.

An experience shaped by rarity

Gorilla trekking remains one of the most extraordinary wildlife experiences on the planet. Being based inside the park means trekking groups can depart directly from the lodge, often reaching gorilla families in shorter times than guests staying outside the gates.

The result is an experience that feels both exclusive and unhurried, exactly what A&K’s Tailormade travellers value.

Lounge at Baines’ Lodge, Okavango Delta, Botswana. Photo: Damian Russell.

Baines’ Lodge: A Six-Suite Masterpiece Reborn in the Okavango Delta

Botswana’s Okavango Delta is one of Africa’s most iconic landscapes — a shifting world of floodplains, lagoons and wildlife-rich islands. Within this UNESCO World Heritage Site, Baines’ Lodge, an A&K Sanctuary, has emerged from a top-to-bottom rebuild that elevates it into one of the most intimate and design-driven lodges in the Delta.

A River Pavilion in the Wilderness

Set on the banks of the Boro River, the new Baines’ Lodge is constructed on stilts, lifting the six suites high above the floodplains. The architecture embraces an “African pavilion gallery” concept: column-lined walkways, soaring ceilings and open-sided lounges that dissolve the barrier between interior and wilderness.

The colour palette draws from the Delta itself — muted greens, reeds, sun-washed timber, handwoven ceilings and raw natural textures that give the lodge a sculptural quietness.

Six suites, each a private retreat

Every suite has been reimagined with:
• Deep soak tubs with uninterrupted water views
• Private decks and outdoor seating for birdwatching and stargazing
• Contemporary African art and artisanal pieces
• Expansive indoor-outdoor bathrooms
• King beds with mosquito-net canopies
• Soft, indirect lighting that mirrors the Delta’s shifting tones

Despite its refined interiors, the lodge remains deeply committed to environmental sensitivity. Lunawood, a lightweight timber material, forms much of the structure, ensuring minimal environmental impact and allowing the lodge to be removed without damaging the landscape, which is an unusually progressive approach for a luxury property.

Wildlife at your doorstep

Because the lodge is located on a permanent channel of the Delta, game viewing is exceptional year-round. Guests can explore by:
• Mokoro (traditional dugout canoe)
• Motorboat
• Guided walking safaris
• 4×4 game drives
• Private river cruises
• Sundowner excursions along the floodplains

The area is known for elephant herds, wild dogs, lions, leopards, hippos and rare birdlife, all often visible directly from the lodge’s deck.

Tailormade Africa: The Signature Advantage

While many safari operators offer luxury, A&K’s Tailormade approach is built around something rarer: absolute personalisation.

Guests receive access to:
• Private guides and handpicked specialists
• Seamless logistics across remote areas
• Behind-the-scenes experiences not open to the public
• 24/7 on-the-ground support
• Carefully choreographed transfers between lodges, parks and cities
• Exclusive conservation and community activities

A New African Chapter

The reopening of Gorilla Forest Lodge and Baines’ Lodge marks a significant investment in Africa by Abercrombie & Kent, reinforcing its mission to offer world-leading luxury experiences that honour place, elevate culture and maintain a light environmental footprint.

Both properties are now open, with bookings available as part of fully Tailormade itineraries crafted exclusively by A&K’s global network of experts.

Hollywood Is Reeling—and PG Movies Have Never Been So Popular

There’s one reliable group of moviegoers left in America—and they can’t go to the movies by themselves.

This week, the kids who make up the industry’s target audience will be heading to theaters for “Zootopia 2” and “Wicked: For Good,” sequels to box-office sensations that could be the highest-grossing movies of the year.

They also have something else in common that has become essential to Hollywood’s biggest hits.

They’re rated PG.

For decades, the movies that printed money were all rated PG-13. It was the rating of the most successful films ever made: superhero franchises, “Avatar” and “Avengers” releases, “Star Wars” episodes, “Titanic,” “Top Gun: Maverick,” the world of “Jurassic Park” and everyone from James Bond to Barbie.

But the entertainment business has never been so dependent on kids dragging their whole families to theatres for the latest PG movie.

Among the bright spots in a bleak year for Hollywood were “A Minecraft Movie” and “Lilo & Stitch,” which are currently sitting atop the domestic box office.

They may soon be jumped by “Zootopia” and “Wicked.” The list of PG hits this year also included the live-action remake of “How to Train Your Dragon,” which improbably beat the latest “Mission: Impossible.”

Meanwhile, last year was the most lucrative year of all time for PG movies, and there are more PG sure-things on the slate for coming years as studios pump out the movies that continue to defy the industry’s gravity.

To put it another way, the people with the most juice in Hollywood right now are 10 years old.

“Kids and preteens,” a recent National Research Group report concluded, “have been the driving force behind many of the biggest theatrical success stories of the past three years.”

The kids and preteens in the youngest generation have grown up with the ability to watch any movie on any device anytime and anywhere they desire.

As it turns out, the place they really want to watch movies is the theater. And theaters are perfectly willing to cater to their most loyal customers.

“If we have an R-rated or horror film on the same day as a PG animated film, I can promise you: We’re always going to try to play that PG animated film,” said Phil Zacheretti, chief executive of Phoenix Theatres Entertainment, which operates multiplexes across the country.

His strategy for those PG films is both simple and profitable.

“We basically try to play every studio’s PG films in as many theaters as we can,” he said.

By now, theatre owners understand those movies are their safest bets. Last year, “Inside Out 2” finished No. 1 at the box office.

The first “Wicked” was very, very popular, too. Anyone with young children was probably in theaters for “Moana 2,” “Sonic the Hedgehog 3” or “Despicable Me 4,” if not all of them.

The result was the first year that PG won the box office after decades of getting trounced by PG-13. And it might just happen again this year.

PG movies have always performed well. But once upon a time, they came with a stigma. “Older audiences thought PG was not going to be cool enough, and families with kids thought PG was going to be too edgy,” said Paul Dergarabedian , Comscore’s head of marketplace trends.

“It was the opposite of the Goldilocks rating.” Only recently has the rating of animated classics, Broadway musicals and video games become just right.

But their rising value isn’t just about PG movies doing better. It’s also about PG-13 and almost every other kind of movie doing worse.

At this point, not even superheroes are guaranteed attractions in Hollywood. Neither is Sydney Sweeney. There are still PG-13 juggernauts, like “Superman,” “Jurassic World: Rebirth” and the upcoming behemoth “Avatar: Fire and Ash.”

But every original PG-13 or R-rated movie like “Sinners” that gets adults to theaters without their children feels like a miracle.

Once they get to the theatre, children want different things than their parents. For them, moviegoing is deeply social, according to NRG’s study, and the single most powerful driver of their behavior is spending time with friends and family.

For as long as theatres have existed, kids have gone there to hang out. Until they couldn’t. In 2020 and 2021, a century of established habits was suddenly disrupted.

When family movies went directly to streaming, the industry feared that PG audiences wouldn’t come back when they could just stay home.

But in a dramatic twist, Gen Alpha now prefers theatres more than Gen Z, millennials or Gen X. If anything, they’re hungry for experiences that are more theatrical. They want immersive screenings—think IMAX , 3-D, Sphere. What they don’t want is to immerse themselves in phone screens.

“They’re not looking to replicate what they can get in their living rooms and bedrooms,” said Fergus Navaratnam-Blair, NRG’s vice president of trends and futures. “They’re looking for something that gives them a reason to disconnect.”

They’re also looking to engage in “participatory fandom.” PG releases meet that demand. Even theater-averse Netflix supplied Gen Alpha with limited theatrical runs of “ KPop Demon Hunters.”

In recent years, audiences sang along to “ Wicked ,” dressed up as Gentleminions and went nuts for Minecraft references their parents just wouldn’t understand.

Those full-blown viral frenzies help movies explode into movements. You might wait to see a movie if you can avoid shelling out for tickets, popcorn and a babysitter.

But your kids won’t. The whole point of seeing a movie is participating in the online memes around that movie, which means they must see it immediately.

This week, despite mixed reviews, “Wicked: For Good” was tracking for the highest ticket presales of any PG movie ever, according to Fandango.

As predictive indicators, those presale numbers are useful. Penn Ketchum, the managing partner of Penn Cinema, wasn’t sure what to expect from the upcoming “David,” an animated biblical children’s movie from a studio that specialises in faith-based content.

But when every showtime at his Pennsylvania and Delaware theatres had strong pre sales, he added screens. Then he added more. When it’s released in December, he predicts “David” will beat the box-office goliath of “Avatar” in some of his markets. “Which will be a massive upset,” he says.

Other PG titles have something else going for them. Navaratnam-Blair calls it “intergenerational nostalgia.”

When “Toy Story 5” comes out next year, for example, millennials who saw the original in theatres as kids 30 years ago will be accompanying their own kids.

Of course, not every PG movie goes to infinity and beyond. This was also a year when Pixar’s “Elio” flopped and Disney’s live-action “Snow White” was left for dead .

But those bombs were the exceptions that proved the industry’s rules of success. After all, today’s audiences don’t have a connection to Snow White. They care more about the star character of another PG movie coming out this year: SpongeBob.

Which means their parents will be taking Hollywood’s most reliable moviegoers back to theatres next month—just as soon as they leave Zootopia and Oz.

Jeff Goldblum on Leather Jackets, Fist Bumps and His ‘Darn’ Oura Ring

From a young age, Jeff Goldblum had an eye for clothes. Growing up in Pittsburgh, he wanted glasses like John Lennon’s and turtlenecks like the Rat Pack’s.

As a member of New York’s Neighborhood Playhouse studying under the legendary Sanford Meisner, he scoured vintage shops for Russian-style overcoats and aviator hats.

After his success in blockbusters like “Jurassic Park” and “Independence Day,” he went through a Japanese-denim phase and loved what he calls “I’ve-been-working-on-the-railroad-type vests.”

“I’ve swung wildly, and I’ve had a lot of bad ideas,” Goldblum said of his style on a recent Zoom. 

The 73-year-old wore a bespoke green shirt from Anto, a shirtmaker based near his Los Angeles home.

On his feet were light-green socks, and handmade shoes from Florence, where he lives part-time with his wife, Emilie Livingston, and their two sons. 

This month, he reprises his role as the Wizard of Oz in “Wicked: For Good,” the second installment of the film adaptation of the musical juggernaut. He insisted he’s not contracted by Universal Studios to only wear green on the press tour.

In the last decade the world has paid more attention to the actor’s off-screen style, which has evolved since he began working with stylist Andrew Vottero around 2014.

A silver-haired fixture on best-dressed lists, Goldblum often finishes his zany outfits with chunky black specs. He has collaborated with glasses label Jacques Marie Mage and formed a close relationship with Prada , walking its runway and appearing in a 2022 brand campaign.

Here, Goldblum, who regularly performs with his jazz band the Mildred Snitzer Orchestra, talks cashmere, vegan Bolognese and handshakes.

Studying with Sandy Meisner was: a portal into my more-intense interest in clothing. Everything could be a key to finding a character, behavior and discovering who you are in the story – (for example) how the shoe felt and how it made you walk.

You don’t really see: a 1970s-style long shirt collar in stores. I had this green shirt I’m wearing made at Anto in Los Angeles. I have them in a bunch of flavors, including some with Western buttons. I’m thinking about getting one in orange.

I just read: James Kaplan’s two-part biography of Frank Sinatra, whose favorite colour was orange. I’ve always liked orange.

I like: that Marie Kondo book “Tidying Up.” In my youth, my family left me alone one day in the garage. It seemed messy to me. I started to throw everything away. I was sweating under my arms with excitement. I got a big kick out of it.

My kids: like to wear my band merchandise. They sometimes help me dress. I say, “Hey, pick out what I’m going to wear.”

I’ve had to get cozy with one or two: leather jackets for parts like Ian Malcolm in “Jurassic Park.” I have a Saint Laurent motorcycle jacket that I wore the other day that’s kind of tight. I like it a lot.

I probably wouldn’t want to wear: real fur. I’ve stopped eating animals except fish. It’s part health-wise from my nutritionist and part my own feeling about it.

My favourite meal is at: Craig’s in West Hollywood. My wife and I share a chopped salad, minus the cheese, to start. They have a spaghetti squash primavera with broccoli and a spicy tomato sauce. I get it with shrimp or vegan Bolognese.

I’ve always been hypersensitive to: certain fabrics, such as wool. I’ve recently accepted—what’s that wool called?—cashmere. I don’t like things that itch. And I don’t like tags in the back of my shirt. I use a professional seam ripper to cut out tags.

What drives me crazy are: printing machines and my phone, especially how it breaks down so often. I had to deal with that this morning.

My feet must be: comfy cozy. My wife, a ballet dancer, says we’re not really working unless our feet are bleeding. I can’t accept that. I really like these handmade shoes I had made in Florence. They’re the most comfortable ever.

Florence is: a jewel box of a city. I’ve found the people delightful and the quality of life great. There are so many artisans. My favourite hat is one I purchased at the Borsalino store. I don’t know any Italian. Just a word here or there.

I don’t want to get sick so I prefer: fist bumping to a handshake. My knuckles have hurt from a too-hard fist bump. So let’s fist bump gently. Let’s just fist touch.

I have to organise my: sock drawer. It’s in the research and development stage. I’m very into socks of one kind or another. I like to experiment with a colour, which is why I have a light green pair on now. For tight shoes, I like (thin) Pantherella socks . I like a shorter sock, too. Sometimes I make it look like it’s falling down.

For a while I had an aesthetic allergy to: cobalt blue. You’d see it on a lady’s blouse sometimes, and I would go, “That hurts! It’s too bright.” But yesterday, after going to the Dodgers game with my kids, I put on a Dodgers blue cobalt sock, and I was very happy. So I’m nothing if not changeable.

I love: pockets. I recently got a minty green chore coat by the Row that I really like. Its flap pockets are deep enough that things aren’t going to fall out. I’d never even heard the term “chore coat.” It carries my wallet, keys, maybe a Kleenex, a lozenge, a little pillbox with an aspirin and some hand sanitizer.

I never used: sunscreen. But my wife has got me using Sarah Chapman sunscreen , sometimes even tinted. I’ll use a Joanna Vargas serum of some kind. I’m not sure what it’s doing, but I put it on at night. I imitate Boris Karloff (in the “Frankenstein” films) and I make a joke with Emilie that I’m going to my laboratory to work on my new longevity theorem.

My acid-reflux man said: “Take care of your vocal cords.” So I’m off caffeine. I’ll have a Ryze mushroom coffee in the morning—a scoop with hot water and oat milk. Sometimes the kids will make me a decaf cappuccino with oat milk and a sprinkling of chocolate powder, and that is too delightful.

For many decades: I’ve been totally on the natch. I’ll have a sip of red wine if Emilie says it’s really fantastic, but I don’t want to get loopy.

I get the usual: seven or eight hours of sleep. I stopped wearing my Oura ring. I’d be in bed for 8 hours and it would go, “No, Jeff, let’s call it 5½ hours that you got.” It used to say, “You’re somewhat ready for the day,” and I’d say, “Go to H-E-Double Hockey Sticks.” I threw the darn thing away. I go with how I feel.

When I wake up: I go through the little vestige of transcendental meditation I learned decades ago. I crack my bones and do this stretching routine that ends with my taking a tennis racket and going through the motion of a backhand, forehand and serve. Then I take a Centrum for Men multivitamin, play my piano and work out in our gym.

Early on I was: a lanky guy. Then I started lifting weights. I wanted to steer some of those roles that were a little nerdy—even those scientist parts—in a cooler direction.

Am I: nerdy or cool? Well, these days, according to some circles, the two have overlapped. At this point, who knows?

The Year’s Hottest Crypto Trade Is Crumbling

The hottest crypto trade has turned cold. Some investors are saying “told you so,” while others are doubling down.

It was the move to make for much of the year: Sell shares or borrow money, then plough the cash into bitcoin, ether and other cryptocurrencies. Investors bid up shares of these “crypto-treasury” companies, seeing them as a way to turbocharge wagers on the volatile crypto market.

Michael Saylor  pioneered the move in 2020 when he transformed a tiny software company, then called MicroStrategy , into a bitcoin whale now known as Strategy. But with bitcoin and ether prices now tumbling, so are shares in Strategy and its copycats. Strategy was worth around $128 billion at its peak in July; it is now worth about $70 billion.

The selloff is hitting big-name investors, including Peter Thiel, the famed venture capitalist who has backed multiple crypto-treasury companies, as well as individuals who followed evangelists into these stocks.

Saylor, for his part, has remained characteristically bullish, taking to social media to declare that bitcoin is on sale. Sceptics have been anticipating the pullback, given that crypto treasuries often trade at a premium to the underlying value of the tokens they hold.

“The whole concept makes no sense to me. You are just paying $2 for a one-dollar bill,” said Brent Donnelly, president of Spectra Markets. “Eventually those premiums will compress.”

When they first appeared, crypto-treasury companies also gave institutional investors who previously couldn’t easily access crypto a way to invest. Crypto exchange-traded funds that became available over the past two years now offer the same solution.

BitMine Immersion Technologies , a big ether-treasury company backed by Thiel and run by veteran Wall Street strategist Tom Lee , is down more than 30% over the past month.

ETHZilla , which transformed itself from a biotech company to an ether treasury and counts Thiel as an investor, is down 23% in a month.

Crypto prices rallied for much of the year, driven by the crypto-friendly Trump administration. The frenzy around crypto treasuries further boosted token prices. But the bullish run abruptly ended on Oct. 10, when President Trump’s surprise tariff announcement against China triggered a selloff.

A record-long government shutdown and uncertainty surrounding Federal Reserve monetary policy also have weighed on prices.

Bitcoin prices have fallen 15% in the past month. Strategy is off 26% over that same period, while Matthew Tuttle’s related ETF—MSTU—which aims for a return that is twice that of Strategy, has fallen 50%.

“Digital asset treasury companies are basically leveraged crypto assets, so when crypto falls, they will fall more,” Tuttle said. “Bitcoin has shown that it’s not going anywhere and that you get rewarded for buying the dips.”

At least one big-name investor is adjusting his portfolio after the tumble of these shares. Jim Chanos , who closed his hedge funds in 2023 but still trades his own money and advises clients, had been shorting Strategy and buying bitcoin, arguing that it made little sense for investors to pay up for Saylor’s company when they can buy bitcoin on their own. On Friday, he told clients it was time to unwind that trade.

Crypto-treasury stocks remain overpriced, he said in an interview on Sunday, partly because their shares retain a higher value than the crypto these companies hold, but the levels are no longer exorbitant. “The thesis has largely played out,” he wrote to clients.

Many of the companies that raised cash to buy cryptocurrencies are unlikely to face short-term crises as long as their crypto holdings retain value. Some have raised so much money that they are still sitting on a lot of cash they can use to buy crypto at lower prices or even acquire rivals.

But companies facing losses will find it challenging to sell new shares to buy more cryptocurrencies, analysts say, potentially putting pressure on crypto prices while raising questions about the business models of these companies.

“A lot of them are stuck,” said Matt Cole, the chief executive officer of Strive, a bitcoin-treasury company. Strive raised money earlier this year to buy bitcoin at an average price more than 10% above its current level.

Strive’s shares have tumbled 28% in the past month. He said Strive is well-positioned to “ride out the volatility” because it recently raised money with preferred shares instead of debt.

Cole Grinde, a 29-year-old investor in Seattle, purchased about $100,000 worth of BitMine at about $45 a share when it started stockpiling ether earlier this year. He has lost about $10,000 on the investment so far.

Nonetheless, Grinde, a beverage-industry salesman, says he’s increasing his stake. He sells BitMine options to help offset losses. He attributes his conviction in the company to the growing popularity of the Ethereum blockchain—the network that issues the ether token—and Lee’s influence.

“I think his network and his pizzazz have helped the stock skyrocket since he took over,” he said of Lee, who spent 15 years at JPMorgan Chase, is a managing partner at Fundstrat Global Advisors and a frequent business-television commentator.

Pure Amazon Sets Sail: A New Standard in Luxury River Cruising

Pure Amazon, an A&K Sanctuary, has officially launched its voyages into the 21,000-square-kilometre Pacaya-Samiria National Reserve.

Designed for just 22 guests, the new vessel positions itself at the high end of wilderness travel, offering quiet, immersive, and attentive experiences with a one-to-one staff-to-guest ratio. The focus is on proximity to wildlife and landscape, without the crowds that have made parts of the Amazon feel like tourism has arrived before the welcome mat.

Where Architecture Meets the River

The design direction comes from Milan-based architect Adriana Granato, who has reimagined the boat’s interiors as part gallery, part observatory. Floor-to-ceiling windows frame rainforest scenes that shift hour to hour, and every space holds commissioned artworks by Peruvian artists.

The dining room’s centrepiece, Manto de Escamas de Paiche by Silvana Pestana, uses bronze and clay formations that mirror the scale patterns of the Amazon’s giant fish. Pestana’s works throughout the vessel reference environmental fragility, especially the scars left by illegal gold mining.

In each suite, hand-painted kené textiles by Shipibo-Konibo master artist Deysi Ramírez depict sacred geometry in natural dyes. Cushions by the BENEAI Collective feature 20 unique embroidered compositions, supporting Indigenous women artists and keeping traditional techniques alive in a meaningful, non-performative way.

Wildlife Without the Tame Script

Days on board are structured around early and late river expeditions led by naturalist guides. Guests may encounter pink river dolphins cutting through morning mist, three-toed sloths moving like they’re part of the slow cinema movement, and black caimans appearing at night like something from your childhood nightmares.

The prehistoric hoatzin appears along riverbanks, giant river otters hunt in packs, and scarlet macaws behave like the sky belongs to them. The arapaima — the same fish inspiring Pestana’s artwork — occasionally surfaces like an apparition.

Photo: Tom Griffiths

A Regional Culinary Lens

The culinary program is led by a team from Iquitos with deep knowledge of Amazonian produce.

Nightly five-course tasting menus lean into local ingredients rather than performing them. Expect dishes like caramelised plantain with river prawns, hearts of palm with passionfruit, and Peruvian chocolate paired with fruits that would be unpronounceable if you encountered them in a supermarket aisle.

A pisco-led bar menu incorporates regional botanicals, including coca leaf and dragon’s blood resin.

A Model of Conservation-First Tourism

Pure Amazon’s conservation approach goes beyond the familiar “offset and walk away” playbook. Through A&K Philanthropy, the vessel’s operations support Indigenous community-led economic initiatives, including sustainable fibre harvesting and honey production in partnership with Amanatari.

Guests also visit FORMABIAP, a bilingual teacher training program supporting cultural and language preservation across several Indigenous communities. Notably, the program enables young women to continue their education while remaining with their families — a rarity in remote regions.

Low-intensity lighting, heat pump technology, and automated systems reduce disturbance to the reserve’s nocturnal wildlife.

Photo: Tom Griffiths

The Experience Itself

Itineraries span three, four, or seven nights. Mornings often begin with quiet exploration along mirrorlike tributaries; afternoons allow for spa treatments or time on the open-air deck. Evenings shift into long dinners and soft-lit river watching as the rainforest begins its nightly soundtrack.

Granato describes the vessel as “a mysterious presence on the water,” its light calibrated to resemble fire glow rather than a foreign object imposing itself on the dark.

It is, in other words, slow travel done with precision.