Designer styles auction show
A designer in Jackson Hole was the creative force behind the preview exhibit for what turned out to be a wildly successful Sotheby’s New York auction, “Mario Buatta: Prince of Interiors.”
WRJ Design CEO and creative director Rush Jenkins was, in the words of Architectural Digest, the “maestro” of the showcase of nearly 1,000 pieces of furniture, fine art and decorative objects from the renowned interior designer’s Upper East Side apartment in New York and his home in Connecticut.
Dubbed the “Prince of Chintz,” Buatta was known for his luxurious interpretation of English country home style, combining rich colors, floral patterns and antiques. His clients included Barbara Walters, Nelson Doubleday, Malcolm Forbes, Henry Ford II, Billy Joel and Mariah Carey. He died in 2018.
Jenkins created an immersive display that “mimicked stepping into the famed interior designer’s New York apartment,” a press release said. The Jackson designer told House Beautiful that replicating the residence the best way to convey “Mario’s extraordinary taste and design expertise.”
The presale exhibition attracted over 4,000 visitors to Sotheby’s galleries, the press release said. Auction sales were projected at $2.6 million, but when the event concluded Jan. 24 the total was $7.6 million.
— Staff report
Wyoming taxes: Good for rich
Wyoming and its businesses — especially real estate people — make a big deal in their pitch to potential residents about low taxes in the Equality State. And they’re not making it up.
The financial info website 24/7 Wall St. cites a 2018 study that puts Wyoming among the friendliest places tax-wise for the group that’s come to be known as the 1 Percent. But it’s also apparently friendly to people who have jobs.
Citing a study by the Institute on Taxation and Economic Policy, Wyoming is the fifth-friendliest state for people whose income is in the itty-bitty top one-hundreth of all Americans. For those richer-than-rich people, the effective state and local rate in Wyoming is just 2.6%. That’s compared with a national average rate of 7.4% for the 1 Percenters. The study put the average income for the top 1% in Wyoming at $2.02 million.
If you’re in the middle the advantage seems to continue. According to the report the middle 20% of earners in Wyoming pay an effective rate of 7.5%, the fourth lowest in the United States. Nationally the middle 20% paid 9.9%.
Wyoming’s low tax rate is due to the absence of any state income tax. That’s largely made up by sales tax, a category in which Wyoming is 22nd highest, taking in just over 25% of all state and local tax revenue from sales taxes.
Nevada topped the list of states paying the least in state and local taxes, followed by Florida, South Dakota and Alaska. Following Wyoming were Tennessee, Washington, New Hampshire, Texas and North Dakota.
Rated highest for state and local tax load were California, New York, Vermont, Minnesota and New Jersey.
— Mark Huffman