NEWS & PRESS

1936 Lancia Astura Pininfarina Cabriolet named Best In Show at Pebble Beach

It’s a good day to be Richard Mattei of Paradise Valley, Arizona. His 1936 Lancia Astura Pininfarina Cabriolet was just named Best In Show at the 2016 Pebble Beach Concours d’Elegance, and we have to say, this car sure is stunning.

This specific Astura was one of six similar vehicles built exclusively for an Italian Lancia dealer, each of which had unique features. Setting this particular Astura apart is a power roof and curved side glass, as well as a basket-woven interior and woodgrain instruments.

The Newport Beach Country Club Has a New, $40 Million Clubhouse

That club life though. Orange County residents who want a little extra something something this summer might try their luck at procuring a membership to the Newport Beach Country Club, which has just unveiled its all-new, $40 million, 56,000 square foot Clubhouse.

This private, two-story structure has been designed in the Craftsman style, a signature look for Orange County.  Here, residential style meets resort sophistication in a chic gathering place made of wood and glass.

Six Trends in Affluent Golfer Spending

The economic clout of the affluent is staggering. As of 2015, the Top 1% possess half of the world’s wealth. That number is up from 44% in 2009. The Top 10% own 88% of the world’s wealth, up from 83% in 2009.

Golf and wealth are closely linked… as income increases, so do golf participation rates. The participation rate for individuals in the $150,000+ income bracket is about double those in the $50K-$75K range, and about five times greater than the participation rate of those in the $30K or less group. The median annual household income for all Americans was approximately $52K in 2015, compared to golfers whose average household income was about $96K.