Villa Leopolda on the Cote D'Azure (above), once the world's most expensive estate with a $750 million pricetag, is apparently back on the market with an astonishing $650 million price cut, a new world record. The 11-bedroom, 14-bathroom mansion has 29,000 square feet of interior space that opens to manicured lawns and a swimming pool. The spiraling outdoor staircases, balconies and terraces have waterfront views and of the surrounding hillsides. Working fireplaces, a sauna, outdoor kitchen and pool house are other features. As we noted back in February, Russia's richest man Mikhail Prokhorov had reportedly agreed to purchase the Villa for $750 million but later backed out of the deal, forfeiting a $55 million deposit. In May we reported that the recession had caused the estate's value to plunge significantly. Owner Lilly Safra did not re-list the property right away, but according to Forbes the Villa is now available for $102 million. The magazine now places it as the 4th most expensive estate in the world, behind No. 1, the Spelling Manor at $150 million; No. 2, Fleur De Lys at $125 million; and No. 3, Updown Court at $117 million.

Founded in 1832 under Napoleon III, The House of Castarède is the oldest Armagnac house in the world, and has remained in the hands of the same family for six generations. Jean Grosperrin founded Grosperrin, one of the last independent Cognac houses, 160 years later in 1992. As a broker, Jean had developed an elaborate network of growers who opened their cellar doors for him and allowed him to buy some of their most precious stocks.

Both of the elixirs are now available in the U.S. from Classic & Vintage Artisanal Spirits, a collection of boutique spirits founded by Domaine Select Wine Estates (DSWE) earlier this year (my colleague Alison Wellner wrote about their launch party).

Rich, smooth and mellow, Armagnac Castarède is crafted from the best grapes of the Bas Armagnac region and matured in cellars that are more than 100 years old. Today, Florence Castarède is responsible for this family heritage, combining know-how acquired over 175 years with new initiatives. The distillation and aging process in hand made oak barrels takes place in the Château de Maniban, situated in the heart of the Bas-Armagnac and dating back to the 16th century.

Castarède is also celebrated for its exceptional collection of vintage Armagnacs, with more than 80 authenticated vintages, the oldest dating from 1881. Vintage Armagnacs from 1893 - 1987 are available, with prices on request; the Castarède portfolio in the U.S. also consists of Armagnac Selection (SRP $64), Armagnac Réserve de la Famille, aged for over 20 years (SRP $124) and Armagnac VSOP (right), aged 10 years, (SRP $74). All are in 750 ml bottles.

Grosperrin's philosophy is to maintain small-batch integrity, without blending, leaving all varietals in individual batches in their original barrels or glass demi-johns, producing a wide array of distinctive products from all of the appellations of Cognac. The result is an impressive selection of single vintage, single barrel, and single estate Cognacs, each with a unique personality and history.



Today, the family-owned company is exclusively dedicated to the selection, aging, and distribution of rare, aged Cognac dating from 1991 all the way back to World War II, carrying all of the necessary guarantees of quality and authenticity. Classic & Vintage will import selected products from the expansive Grosperrin Portfolio at various prices; the next shipment is due to arrive in the U.S. in March.

Many people wonder about the differences between Armagnac and Cognac. Armagnac brandy is crafted from white wines produced from white grapes with high acidity and a low alcohol content. Armagnac is distinguished by the region's sunnier climate, sandy and clay soil rich in iron and four grape varieties as opposed to Cognac's two; the main difference is in the distillation process, however: single and continuous distillation for Armagnac that gives more fragrance and flavors. You can read more here.

Back in February we reported that Carla Bruni-Sarkozy, the sexy supermodel, singer and first lady of France, had sold her family's castle in Italy (above) to an Arab sheikh. Now the buyer, who has since been revealed as billionaire Saudi businessman Prince Alwaleed bin Talal, has relisted the historic castle with an affiliate of Christie's Great Estates with a reported asking price of about $28 million; he was said to have originally paid anywhere from $12 million - $25 million depending on sources. The 40-room, 21,000-sq.-ft. Castello di Castagneto Po, near Turin, has been repeatedly destroyed and rebuilt over the years but is believed to first date from the year 1019. Bruni's father, the billionaire industrialist Alberto Bruni Tedeschi, bought the historic estate in 1952 for about $1.5 million. It is surrounded by 175 acres replete with vegetable gardens, orchards, flowering terraces, ancient greenhouses, a caretaker's house and a farm building.

What makes a pair of rubber boots worth over $400? The ones from France's Le Chameau are not your ordinary wellies. For one thing, each pair is handmade by a single boot maker from start to finish using only 100% natural rubber, which provides superior resilience and elasticity compared to synthetic rubber. Besides forming an excellent barrier to water, natural rubber offers a high resistance to wear, cutting and tearing, and results in a much better fit and a more comfortable boot all around. They're also lined with the highest quality full-grain, glove-soft calf leather which prevents that clammy feeling and heat buildup other rubber boots are prone to. Many models also feature a full-length proprietary waterproof zipper making them extremely easy to put on and take off, while the soft but aggressive tread grips almost any surface.

Of course Le Chameaus are also damned stylish; they recently appeared in our Fall Sporting Style feature starring the Mercedes-Benz G-Class, and while gaining popularity with connoisseurs here, in Europe they're the hunting boot of choice for everyone from royalty to gamekeepers and as much a part of estate shooting as a bespoke shotgun. In 1927, M. Claude Chamot hand-crafted the first pair of Le Chameau boots in his factory in Northern France. It takes nine months of intense training to become a Le Chameau boot maker. Unique skills and techniques are passed down through generations, from master boot maker to apprentice, ensuring that each pair of boots is created with the same care, quality and craftsmanship as in M. Chamot's day, with the benefit of modern technology of course. Under normal conditions a pair of Le Chameaus will last for decades, making the best boot money can buy well worth the price.



The classic olive green Chasseur hunting boots are our favorite, but a range of models is available for both men and women. There are special versions for cold weather and even some fur trimmed ladies' models in interesting colors. On a historical note, these type of boots are known as Wellingtons or wellies after a softer, closer-fitting style of cavalry boot originally designed by the first Duke of Wellington, who had the first ones made of leather in the early 1800s. They were not made of rubber until the 1850s when Charles Goodyear invented the vulcanization process for natural rubber. You can check out a video of Le Chameau boots being made here.

Haviland Limoges, a maker of fine porcelain is a nominee for a Luxist Award for best dishware.

The Haviland Limoges story began in 1842 when David Haviland, enthralled with the fine china coming from Limoges, France moved across the Atlantic to begin his own factory. Haviland was an importer working in New York. A customer brought in a broken tea cup looking for a match. Haviland's search for a match eventually led him to Limoges. The pure white kaolin clay found in the region produced a uniquely delicate eggshell porcelain. Not content to import the designs of others he set up his own operation. Unlike other dishware factories in the area Haviland China did not send its products to Paris for decoration. Instead Haviland set up a studio in his factory in order to create patterns that would appeal to American shoppers.

Along his sons Charles-Edward and Théodore, David Haviland grew the company and Haviland Limoges provided the state dining service for several American presidents including Abraham Lincoln, Rutherford B. Hayes and Theodore Roosevelt. The work of Impressionist artists also influenced Haviland's floral designs which went on to become wildly popular in the United States.

Today the company also sells silver, crystal and giftware but remains famous for its dishes. It is estimated that there are as many as 60,000 Haviland china patterns. Haviland Limoges produces some older designs as well as coming out with new collections to appeal to both modern clients and traditionalists. For over a century Haviland china has remained a standard for elegant tables.

When fall and cooler weather arrive we look for something special to sip by the fire; this season we'll be reaching for a bottle of fine Cognac from Pierre Ferrand. Ferrand, considered "Premier Cru du Cognac", is lauded as a Grande Champagne specialist and is one of only a handful of Cognac houses in France that specializes in old Cognacs from the coveted Grande Champagne region that are not blended with lesser varieties. It is also quite a small house by most standards; as Ferrand President and Owner Alexandre Gabriel notes, "We are the jewelers of Cognac. It takes us a year to produce what the biggest company produces in a day." A core belief at Ferrand is the that to produce an exceptional Cognac you must first create an exceptional wine. To that end, Cognac Ferrand is perhaps the only house that has a full-time oenologist trained in making premium wine in Bordeaux.

Cognac Ferrand is very vested in the vines and the vineyards and the wines used in the distillation of its Cognac come from the heart of the Grande Champagne, long considered the finest growing area. "To produce an exceptional Cognac, we treasure our grapes and treat the vineyard as a great vintner would," Gabriel says. "Then we distill it right, age it well and blend it with precision. Only then are we ready to bottle it. Quality cannot be rushed." The award-winning result is a complex, yet subtle, aromatic spirit reflecting a unique history and great attention to every detail of production. Pierre Ferrand Cognac is double distilled in small copper pot stills according to the traditional Cognac method – one cask at a time. It takes them 12 hours to produce just one cask with each pot still. At Ferrand's estate, dating from 1776, it then takes several years for the Cognac to reach perfection in Limousin oak barrels.



Ferrand (which also makes Citadelle Gin in the off season) offers a wide variety of bottlings, including Ambre, Reserve, Reserve des Dieux, Selection des Anges, Abel, Ancestrale and the Collection Privée Vintages, limited edition rare Cognacs of outstanding quality, including the 1914, 1970, 1971 and 1973. They recently unveiled the Pierre Ferrand Vintage 1972 Cask Strength Cognac, one of the only cask strength Cognacs available in the United States, which sells for $600 a bottle. Only two casks of this precious Cognac remained at the historic Ferrand estate, enough to fill a mere 600 bottles. We highly suggested getting hold of one if you can.

There's a gap in the upscale travel market right now. The companies that plan these limited-access excursions aren't selling as much as they used to, and once-upon-a-time buyers still have a thirst for the experiences not available to the general public – but not at the prices they paid before the recession. A new website, Jetsetter, is planning to help luxury travel planners and buyers meet in the middle.

Jetsetter, now in beta, bills itself as a "flash-sale website" for the up-market. This Gilt Groupe enterprise is invitation-only. So, the opportunities provided are not subject to the mass competition of the entire travel market. Nonetheless, inventory is likely to move quickly, and the window within which to act is not wide. "International trip curators" roam the world to conduct primary research – including on-site visits. These experts, including veteran travel writers and industry experts, then compile their findings on Jetsetter's site, with editorial accounts and photographs used to help would-be travelers make informed decisions.

Members of the online community will receive e-mail alerts every evening announcing the coming sales. Once that e-mail goes out – at 8 PM – the clock starts to tick.

Destinations available through Jetsetter include The Cotton House on Mustique, Negresco in Nice, the Paws Up resort in Montana (an amazing space) and Encantado in New Mexico.

New York-based Dreyfus, Ashby & Co., a national independent importer and marketer of fine wine and spirits, has put together a list of great fall wines from around the globe, ideal for various cuisines and all priced under $25. France's Château de Campuget "1753" stems from an 18th century document mentioning the historic property. The 100% Syrah is aged in stainless steel, seeing no oak. Deep purple in color, it is elegant and herbal with nice tannin and a crisp finish, paring nicely with spicy foods as well as hearty cold weather dishes like beef and pastas in red sauce. SRP: $14.99. Under the discerning eye of consulting winemaker Véronique Drouhin-Boss, the light, fruity quality of Cloudline Pinot Noir (2007) from Oregon never waivers and pairs perfectly with everything from a fatty fish, such as salmon, to lamb. SRP: $19.99. Nederburg Cabernet Sauvignon (2007) from South Africa is a full-bodied, mouth-filling and rich wine with ripe fruit, delicate spice, firm tannins and a lasting aftertaste, pairing perfectly with robust winter stews, roasts and mature cheeses. SRP: $11.99.

Italy's Renato Ratti Barbera D'Alba Torriglione (2007) is structured and rich with a pleasing and harmonious bouquet. The result is a full- bodied wine with an excellent balance between acidity and tannin that lends itself particularly well to pastas with lean protein, such as pork or chicken. SRP: $18.99. Tedeschi Valpolicella Capitel Dei Nicalò (2006) is made from local Veronese grape varieties including Corvina, Rondinella, and Molinara in the traditional style of the region. It is complex and elegant with lively acidity and an alcohol content that is balanced nicely by its tannins. SRP: $17.99. Argentina's Enrique Foster Reserva Malbec (2006) is made of selected grapes from old vines and production is limited to 5,000 lbs per acre. The wine is then aged in French and American oak for 12 months and in bottles for an additional six months. It's a huge wine with fruity aroma and berry
flavors perfectly suited to richly spiced dishes and roasted or grilled meats. SRP: $24.99.

What happens when you drop an exclusive and highly limited edition A. Lange & Sohne Tourbograph Pour le Merite into a vat of molten hot baguette cut diamonds? Well this special edition version of the watch for Dubail of course! Dubail is a luxury watch and jewelery store is Paris, and is blessed enough to have what just might be the world's most expensive new A. Lange & Sohne watch - limited edition of just one piece.

The Tourbograph Pour le Merite was outstanding enough, but this 'piece unique' takes the luxury to a different level by adding 201 diamonds on the case, and another 175 on the bracelet. There are over 40 carats of diamonds on this 41.2mm wide watch done in white gold.

Looking closely you can see that so many parts of the watch have diamonds in them. Even the crown and chronograph pushers. What is interesting about the watch, is that the inside of the watch is just as stunning as the outside. You can see it through the sapphire exhibition caseback. Although a diamond covered watch like this is of course gaudy, I think that it is as tastefully done as could have been. The watch itself has a manufacture made caliber L903.0 tourbillon movement, with a 30 minute chronograph and power reserve indicator. My recollection is that the movement alone takes about a year to make. The watch will be available at the Dubai store with a retail price of 1.2 million euros (or about $1.75 million).

Ariel Adams publishes the luxury watch review site aBlogtoRead.com.

The time to grow is when the market is suffering. This must be in the back of the mind of art market guru Larry Gagosian, who has been involved with such heavy-hitter artists as Damien Hirst and Richard Prince. While there are small signs of a recovery, much is still uncertain. However, this hasn't stopped Gagosian from making a bold move: opening a branch of the Gagosian Gallery in Paris.

Bloomberg News reports that Gagosian is in talks to pick up space in the 8th arrondissement, near la rue du Faubourg Saint-Honore. Nobody from the Gagosian camp has commented so far.

There are plenty of deep-pocketed art collectors in Paris, including Francois and Bernard Arnault, and the French market hasn't suffered as severely as those in London and New York. That said, Paris is the smallest of the western troika, but with a presence in the two largest markets already, the French capital was the next logical step.

Waring Hopkins, director of modern art specialist Hopkins-Custot – which is located in what is likely to become Gagosian's back yard – observed to Bloomberg, "Gagosian would instantly become one of the most important dealers in Paris," and that setting up shop in Paris "would be good for Gagosian and it would be good for the city."

The market itself is only part of what makes the expansion shrewd. Gagosian can use the space in Paris to show works from contemporary artists represented by competing galleries in New York and London.

A reader recently had a question on the value of this cognac. I asked a few people but was unable to get any information so I'm hoping Luxist's audience can help me determine both what it's worth and where to sell it. I've already contacted a couple of major auction houses and a liquor store or two and had no luck. What we know is that it is Michael Camus Cognac Royale in a Baccarat crystal decanter along with an invention to the winery in France. The owner has provided larger pictures which are in the gallery below. Please share any information you can in the comments.

Back in April of this year we saw one major champagne producer advocate lower production rates to compact the drop in sales. Now with harvest fast approaching, the battle is heating up over a reduction in yield. The London Times says that they may be ordered to leave up to half of the grapes on the vine in order to prevent flooding the market with champagne there is no market for. Last year the harvest level was 14,000 kg for every hectare farmed, this year Champagne houses are advocating 7,500 kg a hectare. Growers realize they have to harvest less but are pushing for 10,000 kg a hectare. The champagne houses are finding that they already have over a billion bottles in stock in their wine caves, far more than they usually keep on hand. Champagne grapes harvested will turn into wine which is ready for sale in 2011. The problem is that no body seems to know just how fast the economy will rebound and if, when it does, it will take champagne consumption with it. Champagne drinking is associated with a certain type of extravagance and it may be that even if the economy recovers quickly people may still not be ready to raise their glasses with the French bubbly.

Grape growers are coming off years when they received high prices for their grapes and champagne production was kept high to keep up with increasing demand. They are angry and according to an article in the Economist some say that the big champagne houses knew a crisis was coming, a charge the champagne houses deny. Merchants and vineyards are meeting Wednesday to set the maximum yield. If they can't reach a figure together then the regional prefect, who represents the French Government, makes the decision.

The listing on this beautiful mansion near Cognac in France, promises that the "carps, ducks and swans enjoy a peaceful life" on the property. I daresay the owners might too. This stunner of a mansion dates back to 1880 and is set in five acres of parkland adjacent to the river Charente. The grounds include outbuildings, a swimming pool, stone pond and a canal. Half of the property is a park surrounded by stone walls and with wrought iron gates. The park features trees and hedges and a pair of bridges lead to the vegetable garden.

The house's facade with is moldings, carvings and balcony offers the kind of classic French style that has spawned thousands of imitations around the world. Inside, the home has many of its original features like oak flooring, marble fireplaces, beveled glass doors and mosaic flooring in the entrance hall. There are seven bedrooms total. Under the house there is storage and a large wine cellar. This home is listed at 1,750,000 euros.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

S.T. Dupont, makers of the world's most expensive lighter we wrote about last month, have come out with an equally exquisite instrument for lighting one's cigarette designed as an homage to one of Paris' most famous architectural landmarks.

The Place Vendôme limited edition Ligne 2 Prestige rose gold lighter embellished with 192 diamonds (right), which sells for $47,000 and is limited to 35 pieces, is modeled on the architecture of the majestic Parisian square of that name commissioned by King Louis XIV in the 17th century.

In 1810 following his victory at Austerlitz, Napoleon enriched the square by erecting the Vendôme Column. A pen matching the lighter modeled on the column is also available. Napoleon's famous quotation is engraved on the lighter's roller and on the body of the pen: "Impossible n'est pas français" - Nothing is impossible for the French.