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02-28-2020, 03:23 PM
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Heir Apparent
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Join Date: Jul 2008
Location: Sassenage, France
Posts: 3,864
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I had the same idea as you Sophie25
The restauration began just after the Birth of the twins in january 2015
The restauration will go on still many years
Th private appartments were also restaurated
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02-28-2020, 04:29 PM
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Heir Apparent
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Join Date: Dec 2003
Location: London, United Kingdom
Posts: 3,010
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Quote:
Originally Posted by melina premiere
I had the same idea as you Sophie25
The restauration began just after the Birth of the twins in january 2015
The restauration will go on still many years
Th private appartments were also restaurated
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Yes I think so, I think PA will want everything to be just right for when PJ eventually inherits which I hope will still be for at least another two decades from now.
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02-28-2020, 08:42 PM
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Serene Highness
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Join Date: Jun 2012
Location: Cape Town, South Africa
Posts: 1,178
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^^^previous
And P Gabriella, will she inherit any of the properties?
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02-28-2020, 09:12 PM
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Heir Presumptive
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Join Date: Nov 2007
Location: Near Brisbane, Australia
Posts: 2,374
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All these wonderful old buildings need updating and careful renovating every now and then.
Imagine how many power points were needed in the 1950's compared to today.
Imagine a 1960's bathroom.
And lets not forget how many guests were smoking cigars etc in the hay days of 1920's right thru to 2000's for instance. All that cigarette smoke embedded into wallpaper etc.
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02-29-2020, 09:37 AM
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Heir Apparent
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Join Date: Dec 2003
Location: London, United Kingdom
Posts: 3,010
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Quote:
Originally Posted by Tarlita
All these wonderful old buildings need updating and careful renovating every now and then.
Imagine how many power points were needed in the 1950's compared to today.
Imagine a 1960's bathroom.
And lets not forget how many guests were smoking cigars etc in the hay days of 1920's right thru to 2000's for instance. All that cigarette smoke embedded into wallpaper etc.
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The work must be costing millions but then money is no object for Prince Albert.
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02-29-2020, 10:22 AM
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Heir Presumptive
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Join Date: Aug 2019
Location: Midlands, United Kingdom
Posts: 2,298
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Quote:
Originally Posted by sophie25
The work must be costing millions but then money is no object for Prince Albert.
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I had no idea that the prince was so wealthy until I just looked it up after reading your post. He certainly can afford it!
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02-29-2020, 11:25 AM
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Courtier
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Join Date: Aug 2011
Location: Berlin, Germany
Posts: 919
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Quote:
Originally Posted by Durham
I had no idea that the prince was so wealthy until I just looked it up after reading your post. He certainly can afford it!
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Well, it depends! Surely he, Prince Albert II, is a billionaire, but this does not mean, he has a billion in cash!
He had to sell the Napoleon Bonaparte collection of the Grimaldis for the palace renovations.
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02-29-2020, 11:44 AM
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Imperial Majesty
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Join Date: Mar 2014
Location: City, Netherlands
Posts: 12,806
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Quote:
Originally Posted by Durham
I had no idea that the prince was so wealthy until I just looked it up after reading your post. He certainly can afford it!
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Like so many royals and nobles: privately wealthy in assets (properties, domains, artworks) which does not necessarily translate into cash flow.
The late Duchess of Alba, one of Spain's most wealthy nobles, once famously remarked that a Rembrandt at her wall does not do the shopping in the supermarket.
But as reigning Prince, Albert also has revenues from the principality, which helps his cash position. The Maison Princier has an annual budget of some 35 million Euro from the principality: https://www.lepoint.fr/economie/de-q...1930610_28.php
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02-29-2020, 11:49 AM
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Heir Apparent
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Join Date: Dec 2003
Location: London, United Kingdom
Posts: 3,010
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Quote:
Originally Posted by victor1319
Well, it depends! Surely he, Prince Albert II, is a billionaire, but this does not mean, he has a billion in cash!
He had to sell the Napoleon Bonaparte collection of the Grimaldis for the palace renovations.
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I don't think he 'had' to sell the collection. Apparently he and his sisters had a bit of a clear out of stuff that they simply didn't want to keep anymore and that collection was among it. I think they got Ł1 million just for one of Napoleon's hats so why not put it towards the works at the palace?
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02-29-2020, 11:55 AM
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Imperial Majesty
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Join Date: Mar 2014
Location: City, Netherlands
Posts: 12,806
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Quote:
Originally Posted by C4A
^^^previous
And P Gabriella, will she inherit any of the properties?
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Like Princess Caroline and Princess Stéphanie, Princess Gabriella will have a lifelong carefree life. But of course the bulk of the possessions of the Maison Princier will be assignated to the Sovereign Prince. He must be able to maintain the dignity and prestige as head of state and chef of the illustrious ancestral House. That Prince Albert puts so much into preservation of his House's fabulous heritage shows how much it means to him and undoubtedly he will pas this awareness to his son.
Quote:
Originally Posted by sophie25
I don't think he 'had' to sell the collection. Apparently he and his sisters had a bit of a clear out of stuff that they simply didn't want to keep anymore and that collection was among it. I think they got Ł1 million just for one of Napoleon's hats so why not put it towards the works at the palace?
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He gets 35 million a year and he needs it all. The secretariate, the archives, the security, the transportation, the staffing, the logistics, the facilitary and intendance costs: the money flows out of his purse. Luckily the principality offers a similar flow into his purse.
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02-29-2020, 01:00 PM
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Join Date: Jun 2009
Location: An Iarmhí, Ireland
Posts: 37,740
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I'm not overly keen on the facade of the Prince's Palace though I do like the stone part of the original castle .
https://images.app.goo.gl/u1vwVeXYBnAY6H7L9
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02-29-2020, 02:29 PM
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Courtier
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Join Date: Aug 2011
Location: Berlin, Germany
Posts: 919
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Quote:
Originally Posted by Duc_et_Pair
Like Princess Caroline and Princess Stéphanie, Princess Gabriella will have a lifelong carefree life. But of course the bulk of the possessions of the Maison Princier will be assignated to the Sovereign Prince. He must be able to maintain the dignity and prestige as head of state and chef of the illustrious ancestral House. That Prince Albert puts so much into preservation of his House's fabulous heritage shows how much it means to him and undoubtedly he will pas this awareness to his son.
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I hope, what I write now is not over-simplyfying...- but Prince Rainier III. was said to be worth between 1.5 and 2 billion Dollar, while the now reigning Prince is said, to be worth $ 1 billion.
So, I am somewhat sure, that Albert's sisters inherited a lot of money.
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02-29-2020, 04:30 PM
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Heir Presumptive
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Join Date: Aug 2019
Location: Midlands, United Kingdom
Posts: 2,298
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Quote:
Originally Posted by victor1319
Surely he, Prince Albert II, is a billionaire, but this does not mean, he has a billion in cash!
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Yes I see what you mean 
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02-29-2020, 04:54 PM
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Heir Presumptive
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Join Date: Nov 2007
Location: Near Brisbane, Australia
Posts: 2,374
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There's nothing like a Royal garage sale. Or as some call it a car boot sale. Ha!
They all do it. I remember when Queen Margrethe 11 of Denmark had a clear out of furniture. Mostly old wardrobes.
We all need to do it now and then.
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02-29-2020, 04:57 PM
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Join Date: Oct 2012
Location: London, United Kingdom
Posts: 13,871
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A lot of British aristocratic families (including the wealthier and more established families like the Spencers) have to sell their furniture, so it's a common practice even amongst those who have a lot of money.
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04-17-2020, 02:03 PM
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Heir Presumptive
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Join Date: Aug 2007
Location: Lisboa, Portugal
Posts: 2,018
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Quote:
Originally Posted by eya
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Yes, quite a different scenery… 
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06-05-2020, 12:43 PM
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Imperial Majesty
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Location: -, Greece
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02-16-2021, 01:01 PM
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Imperial Majesty
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