No more furniture price hikes, Sotheby’s faces lawsuit and more

With online real estate listing sites like Zillow, an Internet connection is all you need to view homes for sale around the world. former owners, with everything from indoor water slides to extensive taxidermy collections. Either way, stay up to date with our weekly roundup of headlines, launches and events, recommended reading and more.

Economic news

British Prime Minister Boris Johnson received a reprimand from his ethics counselor last week after failing to disclose some text messages related to an expensive renovation of the leader’s apartment in Downing Street, The New York Times reports. The renovation project, overseen by Johnson’s wife and executed by an interior designer Lulu lytle, put the UK leader in hot water after asking a prominent Conservative Party donor to organize funding for the overhaul – a process documented in previously undisclosed messages at Christophe geidt, who advises the Prime Minister on ethics. Lytle herself has described her own unhappiness at being caught up in the backlash of the project, particularly the media coverage that misinterpreted her Middle Eastern and African-inspired aesthetic as ‘colonial boho’ and overstated the cost. of its services. “I hated every minute,” Lytle told the Financial Time. “I found it incredibly disturbing to be caught in a political storm. “

Sotheby’s faces a class action lawsuit, The arts journal reports, such as a complaint filed last spring by Francois Fenwick, a former auction house accountant, alleges that she wrongly classified workers as independent contractors as opposed to full employees, denying them benefits and violating New York Freelance Isn’t Free law Act. Although Sotheby’s legal team filed a motion in November to dismiss the case, calling it “devoid of factual allegations,” the plaintiff’s attorney has now asked the court to decide whether Fenwick was an employee or a independent contractor – if they find that he was an employee, more than 40 additional people who work at the auction house may also be denied benefits. Counsel for Fenwick and Sotheby’s both declined multiple requests for comment from The arts journal, and a motion hearing for the lawsuit will be held Jan. 17 in the U.S. District Court for the District of New Jersey.

Furniture and upholstered furniture importers and manufacturers are applying price hikes this month, which means retailers and customers will soon be paying more for products shipped on or after January 1, Home News Now reports. Companies like Martin Furniture, Manwah USA and Hooker Furnishings are instituting increased freight surcharges, while other companies are raising prices in response to double-digit increases on materials like fabric, metal and wood frames, as well as a higher rate of pay necessary to attract employees. . As shipping, material and labor costs continue to rise, some companies are still planning to further change their pricing structure in the coming months.

Former CEO of WeWork Adam neumann moved to the residential sector, reported the wall street journal, as the billionaire and entities related to him purchased stakes in more than 4,000 apartments across the United States. Although Neumann was ousted from coworking company WeWork in 2019, he explored residential space during his time there with the short-lived WeLive, which operated several communal apartments before being closed when the company shut down. faces financial problems.

The very first “MetaReal” mansion, combining a real-world house and a virtual counterpart in the Metaverse, will soon hit the market, Forbes reports. Created by ONE Sotheby’s International Realty and Voxel Architects, in collaboration with the general contractor and the collector NFT Gabe Sierra, the buyer of the NFT asset will receive both a virtual home in the Metaverse Sandbox as well as a physical home in Miami, scheduled for completion later this year. The 11,000-square-foot home will have seven bedrooms and nine bathrooms in its physical and virtual iterations, and will be auctioned off in 2022 for a reserve price that has not yet been disclosed.

In the latest supply chain news, the surge in home purchases last year coupled with a shortage of construction products has forced some new homeowners to move into unfinished homes. According to the Wall Street newspaperAs the flow of goods and materials needed to produce windows, garage doors, appliances and paint remains stalled, home builders are now limiting options for floor plans or design features . In Sacramento, Calif., City officials even established a tentative policy allowing builders to finish homes with temporary garage doors, while builder Epcon Communities was forced to install gutters and downspouts after buyers have already moved in.

The business-to-business procurement platform Geniemode, which offers home furnishings from India and neighboring countries, announced the completion of a $ 7 million financing round led by Info Edge Ventures, Home News Now reports. The company is currently partnering with more than 100 furniture and home decor suppliers, and with the new financing plans to expand its technology to engage more buyers and sellers and expand its offerings to more new geographic regions.

Launches and collaborations

Chairish now offers European products on its e-commerce marketplace, adding 200,000 products from the continent to its site. The expansion follows the company’s August 2021 acquisition of Pamono, Europe’s leading online marketplace for vintage and antique furniture and art, and means Chairish buyers can now access new furniture, art objects, rugs, lighting, decoration and more from places such as Barcelona, ​​Lisbon. , Copenhagen, Vienna and Rome.

Ecommerce Marketplace The Nopo has partnered with three designers to create pop-up stores on its site. To celebrate the launch of a new designer business program, called The Nopo Designer Society, the company brought in designers Kathy kuo, Ginger Curtis and Karen wolf it’s up to everyone to collect a unique selection of tableware, accessories and decorative items for the home.

Show houses

The designer lineup for the fifth annual Kips Bay Decorator Show House Palm Beach was announced on the organization’s Instagram account. This year’s cohort, which will reinvent an estate at 3001 Spruce Avenue in West Palm Beach, includes 25 designers, including Beth diana smith, Amanda reynal, Noz Nozawa, and Chris goddard.

recommended reading

Real estate sales occupy a unique place in the world of antiquity, prompting interior designers, high-level merchants and amateur treasure hunters to compete in fierce competition for the homes of the deceased. For The New Yorker, Lizzie feidelson delves deep into how the phenomenon was born and where it is heading in the age of the pandemic – while setting the scene, translating the lingo (‘wall pockets’, Hummels and Lladrós galore) and presenting the typical cast of characters who assist in sales.

In the world of the Animal Crossing video game series, users have the ability to customize their virtual home with a huge selection of furniture, including precisely 436 different options when the series debuted, a number that has soared to 1. 900 over multiple updates. In fact, a lot of the furniture looks a lot like iconic pieces in the design canon – blogger Nate pfeiffer selected a variety of examples from the game as well as their real-life counterparts, drawing parallels with Charles and Ray Eames, Le Corbusier and Iasmi Noguchi.

Applause

The winners of the New York Product Design Award have been announced, honoring the efforts of product designers, design teams and manufacturers around the world whose designs have improved everyday lives. For the full list of winners, click here.

The Dallas Market Center announced the winners of the 32nd Annual ARTS Awards, selecting manufacturers, retailers, sales representatives and other regional professionals for their excellence in the industry. Among this year’s winners are January showers by Jan Showers & Associates, who won the only prize in the interior designer category, and Barry goralnick by Barry Goralnick Architecture and Design, who is the sole recipient of the Product Designer Award. For the full list of winners, click here.

Home page image: To celebrate the launch of The Nopo Designer Society, the platform has selected designers to organize pop-up stores on the site. | Courtesy of Nopo

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