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we've taken some precautions - but you know what, it's been a lot of fun . . . .
A Sprinter on East End Avenue at 83rd Street in Manhattan.
A Sprinter on East End Avenue at 83rd Street in Manhattan.
Steve Kantor admits that he likes to travel in style. He is an affable investment banker, concerned about flaunting his wealth, but he drives around Manhattan in what looks like a simple black delivery van.
Of course, most vans do not have chauffeurs, as Mr. Kantor’s has. Or a built-in office, custom installed.
“I have two big-screen televisions; I have a couch in the back that goes into a bed,” Mr. Kantor said. “I have four chairs that go back and massage you. It has a desk, a table and an intercom so you can have meetings in there if you want to.”
As the economy limps along and more attention is paid to the so-called 1 percent, some of the richest New Yorkers have taken to driving around in vehicles that ooze neither wealth nor privilege. But on the inside, the vans may be as lavishly decorated as the private railroad cars owned by turn-of-the-century industrialists.
Some owners use them as mobile offices, outfitted with fine leather chairs and Persian rugs; vans may also double as a child’s playroom on wheels, complete with a built-in vacuum to clean what the children dirty.
And while some owners say they are drawn to the vehicles’ vanilla exteriors, their outsize profiles cannot help but draw attention: at more than 22 feet long and nearly 9 feet tall, they look like cargo vans on steroids, their high roof lines dwarfing nearly all that surrounds them on the streets of New York. And that’s before the satellite dishes are raised.
They are a striking and sometimes unwelcome counterpoint to other trends seen on city streets, where tiny Smart cars dart around hybrid taxis and traffic lanes once reserved for gas-guzzlers are now for bicycles or pedestrians.
During morning spin classes at Soul Cycle, the Upper East Side studio, the parking spaces cannot accommodate the Sprinter vans, Range Rovers and Lexus GX470s that are sometimes double-parked. A modified black Mercedes van owned by Philip A. Falcone, the chief of Harbinger Capital Partners, has become a fixture on the Upper East Side, idling by the Michael Kors shop on Madison Avenue.
Jill Kargman, a writer and mother of three who lives on the Upper East Side, said that play dates adhered to a certain pecking order: those that start in one of these ultra-luxury vans are preferable because they can “just bop into a souped-up bulletproof living room on wheels,” she said.
The most popular model is made by Mercedes: a stripped-down, basic version of the van, the Sprinter, starts at $41,315; Mr. Kantor’s version, which Mercedes-Benz Manhattan arranged to have customized, is fitted with satellite television, a Wi-Fi network and flat-screen monitors, and sells for $189,000. Even that is not quite enough for some New Yorkers, who employ designers to install even pricier custom details that easily drive up the total cost to $500,000.
Daniel Barile, a Mercedes-Benz spokesman, said that because many buyers were going to after-market shops to decorate their van interiors, Mercedes started releasing its own version in early 2010, and sold 8,000 the first year. Mercedes has sold 13,000 this year.
And although the modified Mercedes van is popular in several large cities, Howard Becker, president of Becker Automotive Design in Oxnard, Calif., said New York, with its executives in hedge funds and finance, had become his best market.
Hyde Ryan, a designer who worked with a wealthy New York family on decorating the interior of their Mercedes Sprinter van, said that the family wanted gold-plated fittings for every button that would be pushed. The owner installed a vacuum cleaner so the chauffeur could remove every crumb and grain of sand each time the children stepped out of the van.
The vacuum option could be seen on a recent morning on Park Avenue, when Carmelo Umpierre, a 44-year-old chauffeur, idled the $425,000 van he drives for an executive based in Connecticut. It is nearly impossible to find a parking space for such a large vehicle, so Mr. Umpierre often waits for his boss in illegal spots, and moves when the police come by.
The car’s owner declined to be interviewed, saying he did not want to draw attention to himself. But he allowed Mr. Umpierre to display the van’s interior: the seats were upholstered with heavily scented leather and a stocked bar had individual lighting for each wine glass and Champagne flute. Mr. Umpierre said he vacuumed the interior every night and covered the custom-designed gray wool rugs with towels when it rained. He said he tried to navigate the van through side streets so gawkers could not peek in when he dropped off his boss.
Of course, most vans do not have chauffeurs, as Mr. Kantor’s has. Or a built-in office, custom installed.
“I have two big-screen televisions; I have a couch in the back that goes into a bed,” Mr. Kantor said. “I have four chairs that go back and massage you. It has a desk, a table and an intercom so you can have meetings in there if you want to.”
As the economy limps along and more attention is paid to the so-called 1 percent, some of the richest New Yorkers have taken to driving around in vehicles that ooze neither wealth nor privilege. But on the inside, the vans may be as lavishly decorated as the private railroad cars owned by turn-of-the-century industrialists.
Some owners use them as mobile offices, outfitted with fine leather chairs and Persian rugs; vans may also double as a child’s playroom on wheels, complete with a built-in vacuum to clean what the children dirty.
And while some owners say they are drawn to the vehicles’ vanilla exteriors, their outsize profiles cannot help but draw attention: at more than 22 feet long and nearly 9 feet tall, they look like cargo vans on steroids, their high roof lines dwarfing nearly all that surrounds them on the streets of New York. And that’s before the satellite dishes are raised.
They are a striking and sometimes unwelcome counterpoint to other trends seen on city streets, where tiny Smart cars dart around hybrid taxis and traffic lanes once reserved for gas-guzzlers are now for bicycles or pedestrians.
During morning spin classes at Soul Cycle, the Upper East Side studio, the parking spaces cannot accommodate the Sprinter vans, Range Rovers and Lexus GX470s that are sometimes double-parked. A modified black Mercedes van owned by Philip A. Falcone, the chief of Harbinger Capital Partners, has become a fixture on the Upper East Side, idling by the Michael Kors shop on Madison Avenue.
Jill Kargman, a writer and mother of three who lives on the Upper East Side, said that play dates adhered to a certain pecking order: those that start in one of these ultra-luxury vans are preferable because they can “just bop into a souped-up bulletproof living room on wheels,” she said.
The most popular model is made by Mercedes: a stripped-down, basic version of the van, the Sprinter, starts at $41,315; Mr. Kantor’s version, which Mercedes-Benz Manhattan arranged to have customized, is fitted with satellite television, a Wi-Fi network and flat-screen monitors, and sells for $189,000. Even that is not quite enough for some New Yorkers, who employ designers to install even pricier custom details that easily drive up the total cost to $500,000.
Daniel Barile, a Mercedes-Benz spokesman, said that because many buyers were going to after-market shops to decorate their van interiors, Mercedes started releasing its own version in early 2010, and sold 8,000 the first year. Mercedes has sold 13,000 this year.
And although the modified Mercedes van is popular in several large cities, Howard Becker, president of Becker Automotive Design in Oxnard, Calif., said New York, with its executives in hedge funds and finance, had become his best market.
Hyde Ryan, a designer who worked with a wealthy New York family on decorating the interior of their Mercedes Sprinter van, said that the family wanted gold-plated fittings for every button that would be pushed. The owner installed a vacuum cleaner so the chauffeur could remove every crumb and grain of sand each time the children stepped out of the van.
The vacuum option could be seen on a recent morning on Park Avenue, when Carmelo Umpierre, a 44-year-old chauffeur, idled the $425,000 van he drives for an executive based in Connecticut. It is nearly impossible to find a parking space for such a large vehicle, so Mr. Umpierre often waits for his boss in illegal spots, and moves when the police come by.
The car’s owner declined to be interviewed, saying he did not want to draw attention to himself. But he allowed Mr. Umpierre to display the van’s interior: the seats were upholstered with heavily scented leather and a stocked bar had individual lighting for each wine glass and Champagne flute. Mr. Umpierre said he vacuumed the interior every night and covered the custom-designed gray wool rugs with towels when it rained. He said he tried to navigate the van through side streets so gawkers could not peek in when he dropped off his boss.
“He likes to be private,” Mr. Umpierre said of his employer. “He doesn’t like to be dropped off in the front.”
Deals on Wheels
On Friday, Martin Brass, a 43-year-old former Wall Street executive turned investor, was shopping for a Mercedes Sprinter at a Manhattan dealership. Mr. Brass, whose work-related travel often finds him in New York or Hawaii, said he planned to buy a basic model and then have some after-market improvements made to the interior.
Mr. Brass did not so much want to be bathed in luxury, he said; he simply wanted to “have meetings and presentations in those vehicles.”
The more luxurious accouterments, he said, were not really part of his style. “That’s New York City,” he said. “There are people who have endless amounts of money.”
http://www.nytimes.com/2011/11/21/ny...vans.html?_r=2
or will it all just collapse from within . . .
Kunstler's Monday morning rhetoric:
It's been about a fortnight now since John Corzine's MF Global fund went up in a vapor (notice the story has completely disappeared from the mainstream news media), including a reported $800 million or so (rumored to be actually more like $2+ billion) filched out of clients portfolios that cannot be accounted for - though there are additional rumors that it constituted a batch of collateral that was liquidated a micro-second after its arrival at JP Morgan, which had lent Corzine's firm enough money to buy the rope that it hung itself with.
Even poor Gerald Celente, chief of the Trends Journal forecasting group, arch-nemesis of "the white-shoe boys" got snookered in the action when MF Global somehow ended up with custodial care of the Gold ETFs Gerald was collecting and his shit just vanished!
The MF Global case has fast-tracked the evaporation of trust in all the places, large and small, where American One-percenters stash their cash. The redemption orders must be flying through their transoms like radioactive black swans. By lunchtime tomorrow this could include all the TBTF banks. That's what the pundits mean by "contagion." Where will that money go now (if they can get it out)?
Deals on Wheels
On Friday, Martin Brass, a 43-year-old former Wall Street executive turned investor, was shopping for a Mercedes Sprinter at a Manhattan dealership. Mr. Brass, whose work-related travel often finds him in New York or Hawaii, said he planned to buy a basic model and then have some after-market improvements made to the interior.
Mr. Brass did not so much want to be bathed in luxury, he said; he simply wanted to “have meetings and presentations in those vehicles.”
The more luxurious accouterments, he said, were not really part of his style. “That’s New York City,” he said. “There are people who have endless amounts of money.”
http://www.nytimes.com/2011/11/21/ny...vans.html?_r=2
or will it all just collapse from within . . .
Kunstler's Monday morning rhetoric:
It's been about a fortnight now since John Corzine's MF Global fund went up in a vapor (notice the story has completely disappeared from the mainstream news media), including a reported $800 million or so (rumored to be actually more like $2+ billion) filched out of clients portfolios that cannot be accounted for - though there are additional rumors that it constituted a batch of collateral that was liquidated a micro-second after its arrival at JP Morgan, which had lent Corzine's firm enough money to buy the rope that it hung itself with.
Even poor Gerald Celente, chief of the Trends Journal forecasting group, arch-nemesis of "the white-shoe boys" got snookered in the action when MF Global somehow ended up with custodial care of the Gold ETFs Gerald was collecting and his shit just vanished!
The MF Global case has fast-tracked the evaporation of trust in all the places, large and small, where American One-percenters stash their cash. The redemption orders must be flying through their transoms like radioactive black swans. By lunchtime tomorrow this could include all the TBTF banks. That's what the pundits mean by "contagion." Where will that money go now (if they can get it out)?
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