gayfryd steinberg wedding

Reliance, under pressure from a downturn in the property and casualty insurance industry, reported heavy losses, and Steinbergs paper fortune of $90 million suddenly dropped to $8 million. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Fox admits 'damage' from partying may have led to Parkinson's, Meghan Markles brutal blog post about Kate Middletons wedding resurfaces, Katy Perry will be temporarily replaced on American Idol amid drama, Kelly Ripa posts Mark Consuelos PDA pic for 27th anniversary: Love of my life, Rihannas makeup artist swears by these drugstore beauty buys, Perez Hilton: 'Boring' Meghan and Harry need to 'give up and move' back to UK. There were rumors on Wall Street that he could not pay the maintenance on 740 Park and had to borrow money. Saul was not one of these men who made a fortune and had nothing in him, says one friend. Everything she has said so far is a goddamn lie, Steinberg told Fortune magazine that year. MacLean took her to South Africa, where she finished college, earning a degree in psychology and sociology. Liz Smith deemed it the party of the decade. Kids dressed as cherubs presented the cake. The listing brokers are Kathryn Steinberg and Armin Allen of Sothebys. Although Steinberg would retain the title of chairman, he would be replaced as C.E.O. Gayfryd Dorothea McNabb was born in 1950 and raised in the town of Nanaimo, near Vancouver, in Canada. Underneath those designer clothes, says a friend, is a really good woman. In 1982, in addition to his $2.7 million compensation package, Saul took out a personal loan of $36.4 million from Reliance; his brother, Robert, borrowed $7.7 million, and Bruce Sokoloff borrowed $3.2 million. Repo men were not typically part of her rarified world. It was just the beginning. Reliance made $326 million that year, up $97 million from the year before. The Johnsons bought one of the biggest houses in New Orleans, a massive Italian Renaissancestyle villa on Saint Charles Street, in the citys most fashionable area. The lovely sauceboats, valued at between $4,000 and $6,000, were probably the simplest pieces at the auction. I could even be the first Jewish president, Saul Steinberg once boasted to the columnist Dan Dorfman. Over the next two years, its stock value plummeted from $19 per share to less than $2.25. People were stunned. Gayfryds 50th-birthday party, last January, friends note, wasnt even given by the couple but by her friends Louise Grunwald, the wife of Time editor emeritus Henry Grunwald, and Susan Burden, widow of politician and book collector Carter Burden. She did not put on airs at all, like some of these other trophy wives did., At first, people were skeptical of Gayfryd, says one social arbiter. Steinberg paid a mere $275,000 for it. He was also concerned about pens heavy reliance on one source of funds. I always knew there was an Establishment, Steinberg said at the time. There are more bedrooms on the fourth and fifth floors, along with a home office. He was a writer, a 28-year veteran of Vanity Fair. You could argue that both of them, Saul and Gayfryd, were figments of their own imaginations, that they invented themselves.. He claimed that he was short of cash because he had donated heavily to Israel during the Yom Kippur War, and had given some $250,000 to Richard Nixons re-election campaign. This point in Steinbergs life was perhaps his lowest. A real-estate partnership, Reliance Figueroa, in which Saul and Robert were the biggest limited partners, appears to have been financed largely, if not entirely, by Reliance, which took all the losses but only 48 percent of the profits. 2. 447 pages. It was a museum. Among the highlights of the Steinbergs collection of old-master paintings was The Plague in an Ancient City, by the 17th-century Flemish painter Michael Sweerts, which was sold to the Los Angeles County Museum of Art in 1997 for $3.85 million. Anyone can read what you share. A nice old Jewish lady is not going to sue her son for nothing. Outside Wall Street circles, not a lot was known in 1990 about Steinberg as a businessman. Together, the siblings engineered corporate takeovers and controlled well-known brands such as Days Inn and Reliance Insurance.I told this person that there had to be a mistake, Lange said of the repo man. In 1990, Steinberg was sued by a shareholder who claimed that the family had taken $100 million out of Reliance in dividends, salaries, and perks while private. She will adjust. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Even after they'd narrowed the guest list to 150, the wedding had to be moved to a tent, which teemed with flora arranged by David Monn, the designer of some of Gayfryd's most extravagant ftes. Gayfryd Steinberg (@gayfrydsteinberg) Instagram photos and videos 1,018 Followers, 855 Following, 103 Posts - See Instagram photos and videos from Gayfryd Steinberg (@gayfrydsteinberg) He was so funny-looking and so full of himself, this man recalls. My husband is a cocaine addict and hes been on the drug off and on for two and a half years, and at times he gets very violent and very dangerous, the New York Post quoted her as saying in court papers. Steinberg took large stakes, often with funds provided by Milkens junk bonds, which would scare boards of directors into paying him to go away. One socialite who attended a ladies tea at the Steinbergs was greeted by Gayfryd dressed in a long mousseline gown with diamond bracelets dripping from both wrists. Anne Bass during Wedding Reception For Jonathan Tisch & Laura Steinberg at Metropolitan Museum of Art in New York City, New York, United States. She is very strong, she could stand up to him. But Gayfryd, too, was in a great deal of trouble when she met Saul. The collateral was 21 of his old mastersincluding the Cavallino that was sold to the National Gallery. At one point, *The King Drinks,*a massive work by the 17th-century Flemish painter Jacob Jordaens, now being sold by Feigen and thought to be worth some $6 million, hung over the sideboard. consultant at the time and now in the antiques business. He was a pariah, mucking around in places that didnt want him.. On July 18, 1985, Norman Johnson checked into a 14th-floor suite at the Lincoln Park Hotel in Houston. In honor of his passion for history, his family accompanied him on a trip to the Normandy beaches. By 1992, Reliance was also one of the most heavily indebted insurance companies in America, largely, says Schiff, because of the 1982 leveraged buyout. Her father, who is retired, owned the Rex Manor, a restaurant in Brooklyn. The Steinberg family also sold Reliance a 47 percent interest in a Miami hotel they owned, for $10 million. Search instead in Creative? The dining room also opens to a square, formal garden. By then the computer business was soaring, and so was Leasecos stock price. With a board of directors that included longtime friendssuch as Carter Burden, Loral Corporation chairman Bernard Schwartz, and the banker George BakerSteinberg was able to make business decisions that appear to have, over time, weakened the company but benefited his family. According to court records, Saul and his brother claim the loans were related to a reorganization of family trusts and were not conventional loans, because their mother had agreed that they would be forgiven when she died. He wasnt the only one, but a lot of it, I thought, was unsavory, legal blackmail, says Auletta. 21,223 were here. Still, the fact that today Reliance is teetering on the verge of bankruptcyits stock, bonds, and bank debt worth almost nothingcomes as a surprise. In the end, it was the debtmore than underwriting control problems at Reliance or weakness in the insurance industrythat brought the company to its knees. There was that feeling of being a famous family and eyes were on you. But while the Steinbergs were living it up, other New Yorkers were unamused. The family almost immediately began to feed at the trough. It was, looking back, a misjudgment on Steinbergs part to think that he could get away with a takeover of Chemical. At one point Lynda Jurist got a $400,000 interest-free loan from Reliance. (Photo by Ron Galella/Ron Galella Collection via Getty Images) In any case, by 1998, it seemed as though these efforts had paid off. 379 Gayfryd Steinberg Photos and Premium High Res Pictures - Getty Images FILTERS CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 379 gayfryd steinberg photos and images available, or start a new search to explore more photos and images. At 2:05 p.m., according to witnesses, he sat on the balcony railing, with his legs hanging over, then leaned out and dropped to his death. They cut back on parties, hardly going out. Last summer, in the sunroom that looks out onto the walled garden, Ms. Levy conducted podcast interviews with some members of the Steinberg family. Just weeks ago, Saul and Gayfryd quietly put their beloved Quogue estate on the market with a reported asking price of $16 million. Prominent C.E.O.s threatened to withdraw their business from Leaseco, and even New Yorks then governor, Nelson Rockefeller, got involved. By the fall, however, it was clear the market would not accept any more Reliance debt. As a subscriber, you have 10 gift articles to give each month. In November, with Sauls backing, Reliances board effectively fired his brother, Robert, removing him as president of the company but allowing him to remain as vice-chairman. accused Steinberg of violating securities laws by touting the stock of the Pulte Home Corporation to friends as he was planning to sell his shares. All of it was arrayed in rooms filled with gilt-edged couches and chairs upholstered in red velvetthe dcor the work of the late decorator Mark Hampton. Learn more about wedding venues in Placentia on The Knot. Barely six months later, Reliance was in serious trouble. No one lives like that except to make a statement. In June, according to filings, he pledged nearly everything in his possession in another arrangement with the bank, although he denies he took out a second loan. Mary started her career after her marriage and her children got to a certain age. He is a genius who has led a notorious and sleazy life, an associate told Fortune about Saul in 1980. Is there any chance this could lead to prison time? Soon, Gayfryd began to make forays into New Orleans society, offering her house for fund-raising dinners for the local ballet and other groups. George Baker, a consultant and former executive at the bank, was on Reliances board and eventually became the trustee of several family trusts. Even now he walks with a halting gait and has some trouble speaking. By 1990, Gayfryd had won the social stature she appeared to seek. But privately the friends say that the Steinbergs financial problems are serious. It wasnt just ormolu, the way it was portrayed. Anne Steinberg, Sauls mother, got a $934.82 monthly pension from Reliance for life, even though, according to his will, filed in 1978, her husband had never contributed to the pension fund. Its debt was down to about 40 percent of capital, from nearly 80 percent in the early 90s. He was a writer, . According to people who knew her then, she also worked, variously, in a travel agency, in a restaurant, and as a designer of waitress costumes for a restaurant owned by Jimmy Moran, a colorful New Orleans character. Here is a guy who wanted to be accepted and be rich and be a patron, and he did it, says a financier. He was also heavily in debt personally. In 1988, Saul and Gayfryd Steinberg filled the Metropolitan Museum's Temple of Dendur to celebrate the wedding of Mr. Steinberg's daughter, Laura, to Loews scion Jonathan Tisch. In part, Auletta was appalled by the ostentation of some of Gayfryds fund-raisers, he says today. She projected an aura of belonging, but not completely. Gayfryd was very refreshing. He wed the fiery. Saul married Laura in December of 1978, two months after their son, Julian, was born. Her father, Bobby, was Sauls brother. On December 22, hours after her divorce from Johnson was finalized, Gayfryd, newly converted to Judaism, married Steinberg. But the main problem was Saul and how he had been making his money. Gayfryd Steinberg, says one friend, pausing a very long time to consider just how much she should say, was very upset in the weeks before the New York auction last May. Thats New York, says a man in that world. Steinberg doled out more shares of the company to his sistersRoni Sokoloff, whose husband, Bruce, was an officer of Reliance, and Lynda Jurist, each of whom eventually came to own 4 percent of Reliance. Nevertheless, Gayfryd resigned from pen, hurt by the sleazy remark and by suggestions that she and Saul were gaining respectability on the backs of writers. Shes truly brave. After the auction, Gayfryd just retreated, says her friend. They were like Houstonians, one Junior League member said. I dont know if Saul will., 2023 Cond Nast. Steinberg Gayfryd Holden , filed a (n) Divorce,Separation - Family case represented by Rhodes Timothy Donald , against Crilly Jason , in the jurisdiction of Los Angeles County. Within a year and a half, notes the insurance analyst David Schiff, the stock had plummeted by about 50 percent. It was a smart idea, says Martzell, who admired Gayfryd for the fact that even though the Junior League wouldnt have her, she would still go to their functions. She was also, he says, a terrific mother. It was largely because of her that Johnson fought his first wife for custody of their children, and won. Life is short and you never know.. Norman was an exceedingly sweet person and funny, one of the funniest people, almost irresistible, he recalls. As Reliances shares began to plummetselling for 4.7 cents in mid-November, against nearly $20 in 1998the banks began to demand their money. They provide a private, intimate, and elegant setting for your wedding day. By that time he was a peripheral figure on Wall Street, one of the less respected members of a group of businessmen who had attached themselves in the 1980s to Michael Milken, the junk-bond impresario who served two years in prison in the early 90s for securities-law violations. Outside the boardroom, the brothers were not exactly nice guys. It is very structured here, one step removed from the Indian caste system, says one New Orleans social observer. It was, in fact, very serious. Gayfryd Steinberg and Saul Steinberg during "Vogue Magazine 100th Anniversary" in April 1992. At one point it was suspected, though never proved, that several major banks united to sell Leaseco shares, driving down the price. Saul and Bobby, along with two other siblings, were raised on Long Island. Their father, Julius, owned a rubber factory that produced such humble items as dish racks. His greenmail attack on Lomas & Nettleton Financial Corporation earned him $15 million, his raid on penn Central $8 million, and his greenmailing of Quaker State made him $10.5 million. Saul was a mess when he met Gayfryd, says one friend. It was painful for her, especially being forced to sell her silver and her porcelain. hot. Especially after the stroke, says a friend, it was Gayfryd who tried to put some limit on what Saul spent. Hoping to re-capitalize Reliance in the summer of 1999, Steinberg hired two investment banks, Donaldson, Lufkin & Jenrette and Bear Stearns. The day before the auction, she lunched with the dress designer Arnold Scaasi at Amaranth, an East Side restaurant where one goes to be seen and which was around the corner from the Steinbergs new three-bedroom apartment at the Helmsley Carlton Hotel. The scale of that apartment was enormous. And it very much reflected how the Steinbergs wanted to be seen. The couple, friends insist, have changed. Gayfryd, friends say, has been trying to get Saul to face the truth about what has happened to him. She really cleaned him up. He adores her, he has so much respect for her, says another friend. Eventually the I.R.S. By 1973, when Gayfryd and her husband moved to New Orleans, the marriage was already fraying. My husband beat me up several times . Some people, including Steinberg, suggested that anti-Semitism may have been behind his defeat. There was such a sense of superiority in my family, Liz says in the podcast. That May, Johnson, who did return to New Orleans, was sentenced to 14 months in prison. In March 1976 she divorced MacLean in the Dominican Republic and married Johnson the following month. Gayfryd was charming and very intelligent. She started her own oil-pipe business, New ERA, with a friend, he recalls. Though Liz, who has two kids, sold her company in 2007 for as she broadly ballparks it in the podcast, between $10 million and $100 million the finance world of the early 2000s largely zipped past the family. It appears that Gayfryd at least still has her gilded memoriesthe receptions for 150, the intimate dinners for 50, all that fabulous porcelain, silver, and crystaland shes going to make them work for her. Cash-strapped Saul was forced to borrow against his art collection; he eventually sold 56 of his Old Masters. By this time the family owned just under 50 percent of the company. Gayfryd Steinberg and Kathryn Steinberg attend Book Signing for Marilyn Berger's "This Is A Soul: The Mission of Rick Hodes" at New York Public. In 2004, Shnayerson contributed $2,000 to John Kerry. The second best result is Gayfryd Steinberg age 30s in Los Angeles, CA in the Marina Del Rey neighborhood. It is impossible to tell just how deeply in debt Steinberg is, or how broke. I grew up in a very middle-class background, and I was taught to share, to be grateful for what you have, she told W, listing energy and enthusiasm as her strongest social qualities. Saul Steinberg made a lot of money very young, and he had a big family. Liz, who lives in the old Grey Gardens mansion in the Hamptons, saidthat she is fine financially. The myth of Saul Steinberg was much greater than the reality, says a well-known Wall Street banker who knows Steinberg. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. That amounted to one-fourth of Reliances profits for the first half of 1991, which were wiped out in the third quarter. My hot str8 buddy. Barbara just stepped aside.. The family was not well-to-do, but, says a friend of Gayfryds, had very good values and aspirations. seized many of the Johnsons possessions, including their house, their art, and Gayfryds jewels. When I want to do it, I can still do it., Next: Because We Wear Sweatpants, But We Pair Them With Heels. With the luncheons, teas, and readings she hosted at 740 Park, and her benefit dinners, Gayfryd boosted pens visibility enormously. The Post reported in 2000 that Sauls fortune had shrunk from nearly $2 billion to $390 million. On most nights, even when Saul and Gayfryd had parties to attend, the family, which soon included Gayfryd and Sauls own daughter, Gayfryd Holden, dined together. He was like a character out of a novel of new-rich people. This practice became known as greenmail, which derives from blackmail. Two years later, with a $25,000 loan from his father, he started his own businessleasing computersin his fathers Brooklyn factory, with his father and uncle as partners. He had a talk with the person and he stopped stalking my sister., As Lizs sister, Jane, remembers it: Don scared the shit out of him and it was like, Next time I wont be so nice.. Problems were beginning to show up in several divisions, forcing the company to increase its reserves dramatically. She described him to Vanity Fair in 1986 as a husband who used to say, While youre in town, buy yourself a birthday card.. The apartment, only part of the original Rockefeller home, which had consisted of 90 rooms, had been on the market for some time, part of the estate of Rockefellers second wife, Martha Baird Rockefeller. It failed, but a hostile 1968 run at Reliance Insurance, succeeded. Pitbull is a pal, Carbone is for dinner, and, How Screwed Are Donald Trump and His Adult Children, and Other Questions You Might Have About the Staggering Fraud Lawsuit Against Them. Love dose video 720p. In 1965 he renamed the company the Leaseco Data Processing Equipment Corporation and took it public, raising some $750,000. But some things had not changed. of shares in Reliances best unit, Reliance Surety. Many wanted to buy pieceswhich they have been doing during the last five months in what has amounted to a fire salebut no one wanted the whole thing. Publicly, Gayfryd behaved as though nothing were wrong. Norman was a very complex fellow, recalls his friend R. King Milling, president of the Whitney National Bank. This past August, Shnayerson and Steinberg were married following a courtship that began several months after Saul's death, in December 2012. After one suicide attempt, according to a lawsuit Gayfryd later filed to get sole custody of their son, Johnson almost ran Gayfryd down in his car as she held Rayne in her arms. That month, a New York bank, according to insiders, ended its long-standing relationship with him when it discovered that artwork Steinberg had listed as collateral for loans had been either sold or pledged elsewhere. They discussed books that Saul recommended. Six years earlier, the billionaire ranked among the citys wealthiest. His father is the chief executive of Reliance Group Holdings, the property and casualty insurance company in Manhattan. Even into the 90s, after the Steinbergs had toned down their lifestyle, when people talked about them they talked about their money. A lot of people preferred that to [some socialites] stories about convent schools they never went to, mispronouncing their names, he says. But they didnt meet again until January 1983. Which is why so many people believed Gayfryd when she had put out the word that all was well. But many of the Steinbergs friends do not know where all their money went, or, for that matter, where it had come from. She was very bright, and different because of that, says one society columnist. The boys bar mitzvah celebration was held at the Palladium where an oversized version of his bedroom was created. Mr. Steinberg, 34, is the founder and chief executive of Individual Investor Group, a financial media company in Manhattan. When Saul died unexpectedlyhe couldve lived many more yearsI hadnt contemplated anything, says Gayfryd, who had remained her husbands caregiver for 20 years. I remember I got Norman out of jail several months early, says Martzell, but by that time she was gone.. I remember it was very sensationalistic. In a lawsuit she filed, Laura alleged that Saul had used $190,000 of Reliances money to buy illegal drugs, including but not limited to the purchase of cocaine, that he had used Reliance funds to decorate the apartment at 740 Park and to buy a private jet. The finished basement features a gym and wine storage. The price $11.6 million, according to property records is far less than the $18.75 million she asked for just last year. Showing Editorial results for gayfryd steinberg. He made his first takeover attempt, of OSullivan Rubber Co., when he was a college senior, although he didnt have the money to complete the deal. After graduating from Wharton in 1959, Steinberg went to work for his father and uncle. Soon after, however, the Johnsons learned that Louisiana did not recognize Dominican divorces, and although she lived with Johnson as Mrs. Norman Johnson, Gayfryd had to remarry him, which she did in October 1977. Hall, he was better known for greenmailing companies. According to some critics estimates, Reliance profits were deflated by $593 million between 1988 and 1992 because of what had happened while the company was private. He was the short, stout corporate raider, she the tall, beautiful, whippet-thin trophy wife. The suit also alleged that Saul had deliberately delayed taking provisions for losses during that time, thereby inflating profits, until after he sold the stock to the public. Bhabhi ke chudai part-1. It was a rude awakening.. Theyve been misrepresented in the press, in part due to their navet, says another friend angrily. Sauls 60th birthday, they say, was celebrated quietly. I could even be the first Jewish president. Instead, his Icarus story came crashing down in a flaming mess of hubris and flash ending with a Sothebys liquidation auction. The value of the Steinberg familys stake in Reliance rose to $580 million, five times what it had been worth when the company went private. Liz rolled her eyes or something and a stranger said, Even a Steinberg has to wait. She was shocked [that] this person knew who she was and hated her and hated her family. All rights reserved. It affected him being on the board of the Metropolitan Museum. Nor was he even a true corporate raider, like Carl Icahn, who took over companies, busted them up, and tried to boost their value for resale. Saul also bought a condominium in Florida and then immediately had Reliance buy it from him for $350,000. And more! Johnson struggled with depression. Using his huge fortune, at times estimated to have been nearly $1 billion, Saul and Gayfryd had become the king and queen of Nouvelle Society. Today, people say that Robert and Saul have ended up on the same side of a family feud against their sisters and their mother, Anne, who, on September 7, sued her sons to recover the roughly $6.2 million she claims she had lent them over the years and which they refused to repay her. Twenty-four years ago this month, at the Metropolitan Club, there was a PEN dinner to beat all previous PEN dinners.It was chaired by Gayfryd Steinberg who was then one of the reigning queens of New York Society.The top ticket was $750, which in those days was like $5000 today, and it was a sell-out. Her choice reflected her intellectual interests: pen, the international writers organization. Mrs. Steinberg invited the crme de la crme of the social world of that moment. Shortly after meeting her, he divorced his wife. Gay Bride of Frankenstein is an American comic-book rock musical written by Dane Leeman and Billy Butler, with music and lyrics by Billy Butler. by George Baker. Upon their return Gayfryd and her friends announced the formation of a new business enterprise, At Home & Co. You watch. I decided intellectual anorexia on Park Avenue was not going to be my chief occupation, she once said, even though her life consisted largely of decorating, shopping, and throwing parties. Through it all, friends say, Gayfryd was amazing. She is true-blue, says one friend. They have shown great quality, great quality in travail. Saul and Bobby made their bones as corporate raiders: Theyd buy large stakes in an undervalued company and then announce intentions, as Bobby puts it, work very closely with the organization. It was also a bank whose consumer deposits were insured by the federal government and whose financial health, therefore, was essential. Shortly after Green Tree sued him and Drexel, Steinberg sold his shares back to the company for a profit of $26 million, and the suit was dropped. Old Master paintings covered the walls. The company also said that it had eliminated its dividend. Their son, Jeremy Rayne Johnson, who was later adopted by Saul Steinberg, was born two months later. But what has made things harder for Saul and Gayfryd, friends say, is how Sauls family has treated him since the troubles began. And in the foyer of their home, the Steinbergs had placed the piece that brought the highest price at Sothebys: an ornate George III ormolu-mounted mahogany writing commode that went for $2 million, well below its estimate of $3 million to $4 million. In 2000 he and Gayfryd auctioned off collections of Regency silver, alabaster lamps, George II gilt-wood armchairs and more, a Sothebys deal said to be worth $14 million. Itzhak Perlman played violin in the apartment; Robin Williams did standup comedy there; George Bush showed up for his reelection party. Rabbi Peter J. Rubinstein will officiate at the home of the bridegroom's father and stepmother, Gayfryd Steinberg, in Quogue, N.Y. Ms. Bartiromo, 31, will keep her name. Although he made some investments over the years that he stuck with, in Symbol Technologies and Frank B. Steinberg was among the first financiers to recognize the value of this vast pool of investable funds. Saul told Fortune, Everything she has said so far is a god damned lie. Once the divorce was settled, Fisher recanted the allegations. In 1972 he was sued by the Woodmere Academy, a private school on Long Island, because he would not pay $200,000 he had pledged for a new library. Gayfryd had filed for divorce several weeks before, in early March. Her husband, Joseph, also benefited from Reliances largesse. Despite its problems, Reliance continued to pay a significant dividend, which in 1990 put more than $20 million a year in the pockets of the Steinbergs, approximately $14.5 million of it in Sauls. A 20-foot-long George III mahogany four-pedestal table, which sold for $125,000, and 23 George. Far from signaling a reformed Saul, these moves, says one man who worked with him, were necessary because the market at that time was getting tired of Reliance being a private financing vehicle for the Steinbergs.. Gayfryd had the house completely renovated, and then, with the help of an interior decorator, Tom Collum, she scoured art and antiques shops to fill it with 18th-century French and English furniture and an art collection, consisting largely of American Impressionists. They are not moping around, they are paying their debts. In September, Gayfryd went off to Venice with her friends Carolyne Roehm, the ex-wife of Henry Kravis, and Katherine Bryan, the estranged wife of telecommunications mogul Shelby Bryan. The New Orleans papers reported on her partiesincluding a dinner for 50, with drinks served in the pool house, and each table for 10 set with different china, crystal, and silver.

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