A Christie's technician poses next to a mannequin wearing Roger Federer's kit and racket used in the Davis Cup, 2014, in London during a live auction last month. AP
A Christie's technician poses next to a mannequin wearing Roger Federer's kit and racket used in the Davis Cup, 2014, in London during a live auction last month. AP
A Christie's technician poses next to a mannequin wearing Roger Federer's kit and racket used in the Davis Cup, 2014, in London during a live auction last month. AP
A Christie's technician poses next to a mannequin wearing Roger Federer's kit and racket used in the Davis Cup, 2014, in London during a live auction last month. AP

Roger Federer memorabilia nets $4.7m at auction


  • English
  • Arabic

Roger Federer may have seen his dreams of Olympic gold dashed this week, but he can celebrate that t-shirts, racquets, and shoes from his trophy-laden tennis career proved a treasure trove at auction.

The sports legend saw every single item that went under the hammer at a two-phased Christie's auction sold, raking in £3.4 million ($4.7m).

The combined proceeds from an online and a live auction - over three times more than the target - will go to the Roger Federer Foundation, which supports educational projects in southern Africa and his native Switzerland.

"I am overwhelmed by the generosity and enthusiasm of the support from around the world," Federer said in a statement.

The auction of items the 20-time Grand Slam winner's career happened in two phases.

  • A Christie's employee poses with Swiss tennis Roger Federer's racket used at the London Olympics 2012 at Christie's in London last month during a live auction.
    A Christie's employee poses with Swiss tennis Roger Federer's racket used at the London Olympics 2012 at Christie's in London last month during a live auction.
  • A Christie's technician holds up one of Swiss tennis player Roger Federer's signed Champion tennis balls from Madrid, 2012 at Christie's in London.
    A Christie's technician holds up one of Swiss tennis player Roger Federer's signed Champion tennis balls from Madrid, 2012 at Christie's in London.
  • A Christie's technician poses next to a model wearing Swiss tennis player Roger Federer's kit and racket used in the Davis Cup, 2014 on display, at Christie's in London.
    A Christie's technician poses next to a model wearing Swiss tennis player Roger Federer's kit and racket used in the Davis Cup, 2014 on display, at Christie's in London.
  • Christie's technicians handle a signed Nike sneaker which is part of Swiss tennis player Roger Federer's champion kit worn at the French Open, 2009.
    Christie's technicians handle a signed Nike sneaker which is part of Swiss tennis player Roger Federer's champion kit worn at the French Open, 2009.
  • Christie's employees pose for photographers next to a mannequin wearing an outfit and racket used by Swiss tennis player Roger Federer during the 2009 French Open at the Christie's auction house, in London.
    Christie's employees pose for photographers next to a mannequin wearing an outfit and racket used by Swiss tennis player Roger Federer during the 2009 French Open at the Christie's auction house, in London.
  • A Christie's employee poses with Swiss tennis champion Roger Federer's Nike Air Jordans shoes from the 2014 US Open at the Christie's auction house, in London.
    A Christie's employee poses with Swiss tennis champion Roger Federer's Nike Air Jordans shoes from the 2014 US Open at the Christie's auction house, in London.
  • A pair of training shoes worn by Roger Federer on display during "The Roger Federer Collection" auction photocall at Christies in London.
    A pair of training shoes worn by Roger Federer on display during "The Roger Federer Collection" auction photocall at Christies in London.
  • An assistant poses with Swiss tennis champion Roger Federer's cardigan and racket from Wimbledon 2012 (left) and rackets from the Olympics 2012 (right) during a photocall at Christie’s auction house in central London.
    An assistant poses with Swiss tennis champion Roger Federer's cardigan and racket from Wimbledon 2012 (left) and rackets from the Olympics 2012 (right) during a photocall at Christie’s auction house in central London.
  • A Christie's employee poses with Swiss tennis Roger Federer's outfit used at the US Open 2018 at the Christie's auction house, in London.
    A Christie's employee poses with Swiss tennis Roger Federer's outfit used at the US Open 2018 at the Christie's auction house, in London.

A live sale on June 23 in London focused on Federer's career at the four Grand Slams: Wimbledon and the Australian, French and US Opens.

The subsequent online sale from June 23 to July 14 featured 300 lots from other tournaments spanning 21 years - dating back to his first Olympics appearance at the Sydney 2000 Games, aged just 19.

The items sold online found buyers from 44 countries and across six continents, Christie's said.

The highlight of the online sale was a set of three rackets used at the 2019 Wimbledon Championships, which sold for £162,500 - more than 23 times above estimate.

"The prices achieved have been unbelievable," Federer said.

"We started collecting items which accompanied me on court because we thought that perhaps one day we could do something meaningful with them," he said.

He said he and his wife Mirka were "humbled to see that the decision we made will make a profound difference to so many children."

The Roger Federer collection was the most important single-owner lot of sporting memorabilia ever to come to market, a Christie's representative said.

Federer, who turns 40 on August 8, had been hoping to secure his first Olympic singles gold medal at the upcoming Tokyo Games, but announced Tuesday he had withdrawn after a "setback" in his recovery from a knee injury.

The Birkin bag is made by Hermès. 
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
UAE%20SQUAD
%3Cp%3E%0DJemma%20Eley%2C%20Maria%20Michailidou%2C%20Molly%20Fuller%2C%20Chloe%20Andrews%20(of%20Dubai%20College)%2C%20Eliza%20Petricola%2C%20Holly%20Guerin%2C%20Yasmin%20Craig%2C%20Caitlin%20Gowdy%20(Dubai%20English%20Speaking%20College)%2C%20Claire%20Janssen%2C%20Cristiana%20Morall%20(Jumeirah%20English%20Speaking%20School)%2C%20Tessa%20Mies%20(Jebel%20Ali%20School)%2C%20Mila%20Morgan%20(Cranleigh%20Abu%20Dhabi).%3C%2Fp%3E%0A
Gertrude Bell's life in focus

A feature film

At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.

A documentary

A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.

Books, letters and archives

Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
 

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.”

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Prop idols

Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.

Sophie Shams (Dubai Exiles mini, England sevens international)

An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.

----

Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)

Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.

----

Erin King (Dubai Hurricanes mini, Ireland sevens international)

Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.

Results
%3Cp%3E%3Cstrong%3EStage%203%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Einer%20Rubio%20(COL)%20Movistar%20Team%20-%204h51%E2%80%9924%E2%80%9D%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%20-%2014%22%3Cbr%3E3.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20-%2015%22%3Cbr%3E%3Cstrong%3EGeneral%20classifications%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders)%20-%207%22%3Cbr%3E3.%20Pello%20Bilbao%20(ESP)%20Bahrain%20Victorious%20-%2011%22%3C%2Fp%3E%0A
Updated: July 14, 2021, 6:57 PM