March 8 (Bloomberg) -- A cheerful young lady sitting under a “Box Office Open” sign last night offered $1,000 seats to see Steve Martin play the banjo July 2.
It was part of an awards gala by Guild Hall, an East Hampton art and performance center for Long Island’s beach and estate crowd.
On stage at Cipriani 42nd Street, actor Bob Balaban lightly roasted Dick Cavett, writer Marshall Brickman, artist Elizabeth Peyton, and philanthropist Lewis Cullman, all of whom received Guild Hall Academy of the Arts Lifetime Achievement Awards.
Known for her portraits of Kurt Cobain and Marie Antoinette, among others, Peyton was asked if she’s interested in painting financial executives.
“It’s not that I don’t like money, I’m not against it -- but it hasn’t come up,” she said. She conceded that she was “pretty excited about meeting Alec Baldwin, so maybe that’s in the cards.”
The question of whether the Hamptons, with its confluence of old and new money in weekend mode, has the clout to move markets elicited several views.
“Only the real-estate market,” said Alan J. Patricof, managing director of Greycroft Partners LLC.
Morris Mark, president and founder of Mark Asset Management Corp., offered another view: “Absolutely, deals are being made out there. You have politicians seeking support, corporate leaders -- a lot of things happen because of the relationships that form, or meetings that take place, or even just coming back to our offices in New York more relaxed and creative.”
Emil W. Henry Jr., head of Tiger Infrastructure Partners LP and a former assistant secretary of the U.S. Treasury, said he spends time in the Hamptons with Tiger Management LLC billionaire Julian H. Robertson Jr., with whom he started his private equity firm.
“It’s all business,” Henry said.
Guild Hall is doing its part to put finance and the economy on the East End agenda. On April 22 it will host a panel featuring Peter Orszag, vice chairman of global banking at Citigroup Inc. and President Barack Obama’s first budget director.
And just what does Patricof do in the Hamptons, since he’s not making deals?
“We’ve been skating all winter with our grandchildren who live next door,” he said. The rink is at Buckskill Winter Club.
(Amanda Gordon is a writer and photographer for Muse, the art and leisure section of Bloomberg News. Any opinions expressed are her own.)
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