Motoring
Worth, Not Price
A capital allocator's case that provenance, not the hammer figure, is the asset you are actually buying at a great auction.
Vol. XI, No. II
Summer 2026
Vol. XI, No. II
Worth over price at the great auctions, the second-wine strategy, and the math of the sky. The summer issue, around the concours season.
Contents
All issues
Aviation
Fractions, Charters, and the Math of the Sky
How to fly privately, intelligently and for less, without mistaking convenience for sense.
Wine
The Second Wine Strategy
How the second labels of great houses deliver most of the pleasure for a fraction of the price, if you know when they shine.
Fine Art
Notes from the Studio
An afternoon with the painter D.C. Christian, who shows by invitation only, on why the hardest work is the kind worth keeping.
Fine Art
Buy the Eye
In art, as at auction, the signature is the easiest thing to pay for and the least worth having. Collect the work, not the name.
Cigars
The Opus X Problem
The most chased box in the room is rarely the best smoke in it. On allocation, scarcity, and keeping your head when everyone else loses theirs.
Cigars
The Humidor as Portfolio
Aging, scarcity, and the quiet discipline of holding a humidor the way you would any portfolio worth keeping.
Spirits
At Cask Strength
Cask strength is not machismo. It is the most honest version of a spirit, and it lets you do the diluting yourself.
Motoring
The Mileage Myth
Delivery-mileage cars are sold as the safest buy. For anything built to be driven, they are often the weakest.
Cigars
The Resale Room
Rare cigars have a quiet secondary market. For the collector who buys with intent, the resale room is part of the portfolio.
Wine
The Format Question
Bottle size is not vanity. The format you cellar changes how a wine ages, and usually for the better.