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Even those who are typically indifferent tomotorsportscan find themselves enraptured, or at least intrigued, by the sheer spectacle of Formula One cars hurtling along the country’s winding streets.

It is also where you will find celebrities happily jostling their way through the crowds and cameras. “It is unlike anything I have ever been to, it is electric,” exclaimed Spider-Man actor Tom Holland while walking last year’s grid.

what is the short term outlook for jmd ventures limited (511092) ✌️【Interview】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. Monaco is nicknamed “the billionaires’ playground” for good reason. Here, designer stores, supercars, multi-million-dollar yachts and astronomically priced restaurants are ‘la norme’, but during the three-day Grand Prix, the eye-watering ostentation increases three-fold.

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If they are not using their own superyacht as a base, they might book into a private villa on the Côte d’Azur or check-in to Fairmont Hotel, Hôtel Hermitage or Hôtel de Paris in Monte Carlo itself.

Of course, it is not only about finding the finest suites to rest your head, but the premium spots for dining and clubbing, whether it is the top table at Cipriani, Sass Café or Café de Paris or the best booth at exclusive night spots such as Jimmy’z or Amber Lounge.

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Established in 2003 by former racing driver Eddie Irvine’s sister Sonia as a “post-race destination” for drivers and VIP guests, Amber Lounge is regarded a pioneer of the Grand Prix party culture.

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“The size of the yacht also means we are as close to the action as you can get, unlike the larger yachts that are pulled back (from the coast). It also feels more intimate and exclusive on board. We have a lot of repeat clients (typically from the US, UK and Middle East) who want to network and build relationships,” said Lauren Green, Managing Director of Amber Lounge who oversees logistics of the three-day pop-up event in Monaco, as well as other F1 locations including Singapore, Las Vegas and Abu Dhabi.

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For €40,000 ($43,400), partygoers can book what’s known as a “diamond table package” for 10 people — a prime table with unobstructed views of the stage and DJ booth (Fatman Scoop and Jax Jones are the acts for 2024), as well as cirqus-themed performances, and Methuselahs of champagne (6-liters) and premium vodka. Add an extra €10,000 ($10,800) on for a Salmanazar — a nine-liter bottle of champagne that requires a team of four to carry it to the table, or €20,000 ($21,600) for a 12-liter Balthazar-sized bottle.

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“The Côte d’Azur is one of the truly exceptional global destinations, and Monaco is at the heart of it. The scenery, the sophistication, and the opulence are unmatched,” said Bruce Bundrant, Senior Vice President of Business Development for rEvolution, a global sports marketing agency who lived in Monaco for three years as Commercial Director for AS Monaco FC.

“As a former resident, I can tell you there are two sides to the F1 Grand Prix arriving in Monaco. On one side, your town is now the center of the universe for a weekend where the top 1% of the 1% from all over the world arrive and engage in outrageous parties and events on yachts, at luxury hotels suites, and in hilltop mansions,” Bundrant explained.

“On the other, it’s the hybrid of the arrival of a hurricane and New Year’s Eve. A week out from the race, grocery store shelves are emptied as locals know it’s impossible to move around the principality when the F1 circus is in town. During the Grand Prix, your quiet, regular neighborhood bar has a line around the corner, charges a $100 cover charge, and a drink that typically costs $20 will be $50. But it’s a truly unforgettable weekend, with an unreplicable buzz and energy. Sure, it’s expensive, but come the Monday, things are back to normal.”

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