Shelley Duvall's character Wendy Torrance gets a nasty surprise in Stanley Kubrik's 1980 classic horror, 'The Shining'. Courtesy Warner Bros Pictures
Shelley Duvall's character Wendy Torrance gets a nasty surprise in Stanley Kubrik's 1980 classic horror, 'The Shining'. Courtesy Warner Bros Pictures
Shelley Duvall's character Wendy Torrance gets a nasty surprise in Stanley Kubrik's 1980 classic horror, 'The Shining'. Courtesy Warner Bros Pictures
Shelley Duvall's character Wendy Torrance gets a nasty surprise in Stanley Kubrik's 1980 classic horror, 'The Shining'. Courtesy Warner Bros Pictures

Foam version of Jack Nicholson's 'The Shining' axe goes for sale for $62,453


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A hard foam axe used by Jack Nicholson's character in the Stanley Kubrick film The Shining has gone on sale for £45,000 ($62,453).

Often regarded as one of the greatest horror films ever made, the 1980 movie is well known for the memorable scene in which Nicholson’s Jack Torrance tries to break down a door with an axe.

While a real wooden axe was used for the actual scene, auctioneers Paul Fraser Collectibles says the one on sale is a prop stunt ace that was substituted for the original wooden axe “as a safety measure and ease of use during filming.”

“It would have been used in long shots and when two or more characters were on screen,” the company says.

Made of hard polyfoam, the 89 centimetre-long axe was professionally painted to resemble wood grain, while the foam head features silver tape to resemble the metal surface. The axe comes in its own UV resistant and anti-glare conservation glass case along with an authenticated signed photo of Nicholson from the film and plaque.

Jack Nicholson in 'The Shining'. Rex Features
Jack Nicholson in 'The Shining'. Rex Features

"Warner Bros created several axes for filming The Shining. Only a tiny number of foam versions are believed to still exist. A similar example to ours sold for $57,600 in 2019," says Paul Fraser Collectibles.

Only one original wooden axe is thought to remain in existence, which sold for $211,000 in 2019.

The Shining was based off Stephen King's 1977 novel of the same name. While King criticised the film for deviating too much from its original source, the movie is considered by many to be a horror movie masterpiece, and has influenced generations of filmmakers.

In 2019, King's follow-up to The Shining called Doctor Sleep was also turned into a film, starring Ewan McGregor – received positive reviews as well as praise from the author.

Overlook, a spin-off TV series inspired by the Overlook Hotel in the movie and based on some of the film's characters, is currently in production, with JJ Abrams's Bad Robot Productions developing the show.

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Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

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Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

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