All Filters. Isabelle is still in the newborn intensive care unit, where, Mr. Vichinsky said by phone yesterday, she is doing well and receiving excellent care. As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work. Beware of Greeks bearing gifts, quipped Donna Olshan, who runs her own boutique real estate firm in Manhattan and writes the weekly Olshan Luxury Market Report. Cody: Disruption of brokerage in general is definitely a tidal wave coming toward the business, particularly on the lower end. EDUCATION: B.S., New York University (Cody), PHILANTHROPY: The Michael Bolton Charities, the Make-a-Wish Foundation, the Samuel Waxman Cancer Research Foundation. Bespokes biggest deal yet was its 2021 sale of Jule Pond (formerly known as Fordune), the 42-acre Southampton estate built for Henry Fords grandson and known to many as the Roy familys Summer Palace from HBOs Succession; it sold for $105 million, a record price for a single home on Long Islands East End (though below the initial $175 million listing price and later, the $145 million price). I got the impression that if Bespoke were to somehow vanish, the Vichinskys would have no problem regrouping to create an entirely new successful company from scratch. To see her take her first breath is something Ill remember for my whole, entire life.. Moreover, the brothers designed their own seven-figure offices in Water Mill. Mr. Vichinsky supplied a nasal suction device to remove the fluid in the babys nose, plus more blankets to keep her and her mother warm. The ambulance arrived, whisking mother and baby to Stony Brook Southampton Hospital, then later to the hospitals main campus in Stony Brook. Our entire ethos is to streamline the business and challenge the status quo of why people have settled for the existing framework. How much more should I pay if my pool comes with an enclosed poolhouse? Like I want to be the best boxer thats not hyped up.. And that wheel starts January 1st, every year, he said. While the young luxury brokerage has only been around for two and a half years, their average listing comes in at $27 million. "Why is no one focusing on the high end?" There's certainly nothing restrained or modest about the climate-controlled wine cellar. It also features a 12-bedroom main house, a pool and tennis and basketball courts. Because our focus is just on the high-end, we have an ability to dedicate more of everything to our clients on the listing side. Cody: The truth is, we are happily imbalanced at this point in our lives. Finally, Isabelle squeaked, then took a breath. bespokerealestate Yeah, theres camaraderie in the umbrella of Compass, but theyre all still competing against each other, he said. Bespoke Real Estate, a brokerage in Manhattan, the Hamptons and Miami specializing in listings priced at . When we start getting to $50 million or more, that market starts to have less to do with local conditions and more to do with national or global, where these are trophy properties that are rarely available and are highly sought after, Miller said. Cody and Zach Vichinsky (Photo by Bill Bernstein). One other aspect of this transaction that wasnt publicly disclosed at the time: Bespoke had reduced the sellers commission rate to 1%, down from the typical 2% to 3%. Our father rented the worst house in the best neighborhood he could so we could go to a good school district on Long Island. As youve read a million times by now, many of New York Citys anxious and wealthy fled to the East End. . Cody H Vichinsky, 36. Bespoke When Cody and Lauren Vichinsky couldnt make it to the hospital in time for the arrival of their baby, Officer Grace Peterson of the East Hampton Town Police Department stepped up to help. We are big into research. Luxury real estate firms often end up at that price [1%] behind closed doors, says Glenn Kelman, CEO of Redfin, one of the first discount brokerage firms to offer sellers a 1% fee. Cody Vichinsky Main Articles Pictures Cody Vichinsky Pictures Showing: All Launch Photostream Source: Getty Images Hamptons Magazine Memorial Day Celebration With Cover Star Hilary Swank. Bespoke is set up to handle large scale projects, from site procurement, market analysis, syndication of financing, design input and introduction, and marketing and sales. bespokerealestate The Hamptons is a world all its own: Bespoke real estate Tennis courts, Villa Maria. Feeds my ego. And we did that from a very early age. I dont know whether thats good or bad, said Breitenbach. Courtesy of Bespoke Real Estate. Camuto passed away in 2015. . With Bespoke, they wanted to build a formidable operation from scratch, and as they celebrate the firms 10th anniversary, it appears that theyve succeeded: their sales and marketing team, which now numbers about two dozen, has sold homes worth a total of $1.5 billion in the past three and a half years. Relatives & associates include Nicole Magro, Shali Sanders and Steven Vichinsky. east hampton waterfront compound Three single and separate parcels totaling 12.8+/- acres, adjacent to nature preserve, dock, tennis, heated gunite pool Exclusive $19,750,000 |. I think you are going to see that business becoming much more mechanical as information and opportunity become more transparent and abundant. Your support for The East Hampton Star helps us deliver the news, arts, and community information you need. An 85-year Harvard study found the No. Theyve disrupted old-boy networks with a more sophisticated, data-driven approach to the market, and looked to push pricing into realms their competitors describe as fanciful. All Rights Reserved. Cody Vichinsky Bespoke Real Estate Write a review for this agent No sales reported in the last 12 months About me For Sale Active listings data currently unavailable. And the Vichinskys arent interested in the average home. The den at Villa Maria. When she arrived, Ms. Vichinsky was on all fours, timing her contractions with her cellphone as her husband gathered necessities to take to the hospital. Cody Vichinsky sat at a corner table in the CORE club. Attend Inman Connect Las Vegas to gain takeaways to achieve success in 2023. The Sisters of the Order of St. Dominic of Amityville owned and operated it for 75 years, after which it was ripe for a makeover. Officer Peterson said she has no formal medical training, but 19 years ago, as a police cadet, she watched a video about childbirth as part of routine training. BESPOKE PRIVATE CIRCLE, About She looked at me and said, I feel like I have to push. I undressed her and we got her as comfortable as we could, being that she was on their front porch. She already talked to the doctor, Mr. Vichinsky said. Zach: Because we have such a vast inventoryright now from $10 million to $175 millionwe always see whos coming through the door. I have been principal investigator or co-investigator on many of the key translational studies, including understanding the mechanism and treatment of neurologic injury in sickle cell disease; iron trafficking and iron overload in hemoglobinopathies, and new therapies to change the pathophysiology of sickle cell biology. We did a high-profile deal that needed to be done relatively fast [because of other bidders], so we chartered a helicopter for the client40 minutes each way. The pool at Villa Maria. The manor dates to 1957 and was built by Henry Fords grandson, and known as Fordune. We spent a couple years at a conventional firm and analyzed the nuances around big-box brokering flaws. His perch today as a major player on the Hamptons high-end home scene is a product of 35 years of continuous hustle. SOUTH FLORIDA Whats the price per square foot of beachfront access? Both in their early 30s, the Vichinsky brothers have tapped into the art of understanding and attracting luxury real estate consumers with a multifaceted approach a combination of creative marketing, savvy business and relationship-building that led the firm to $400 million in sales volume last year and the freedom to ignore anything under that $10 million mark. But that was for the average home. Thats not by accident; there was a tremendous amount of conversation and emotional growth. Villa Maria, exterior. View Listing . Cody and Zachdo not come from money themselves, though they enjoy the trappings of being successful, and both are passionate about high-end cars. Zach and Cody Vichinsky's real estate firm, Bespoke, operates in the affluent oceanside Long Island communities collectively known as the Hamptons. I told them I wouldnt do it. Cody: Zach has always operated with a clear focus on what he wants out of his life in the same way I have, and those desires kind of met in the middle. The firm, which sells properties mostly in the Hamptons, Manhattan and South Florida, has already sold a handful of homes at the 1% rate. All that growth and disruption comes with a spotlight, but Cody says hes keen to avoid it. We donate a lot of money to various causes. Simply enter the email address you used to create your account and click "Reset Password". Overall, it closed $1.6 billion in deals in the Hamptons last year, including at least three of the 10 biggest sales, all while adding listings in new markets such as South Florida, New York and the Caribbean. The listing page boasts an octagonal reception room imported from France and 48-foot living room, plus multiple other receptions rooms, two master suites and a large chefs kitchen. You don't have to come from money to understand and serve the wealthiest real estate consumers. We recognized an opportunity to create structure and an inflection point in the way that high-end real estate was serviced. The data dive also helped them overcome their carpetbagging, as they became intimately familiar with how their desired customers lived. Theyve got hundreds of these listings that are overpriced, said Burnside, the BHS agent. Bespoke Real Estate listing: Southampton, $65,000,000. Copyright 1996-2022 The East Hampton Star. Cody Vichinsky Founder, Bespoke Luxury Magazine New York Arts and Entertainment, Real Estate As seen in: Bespoke Luxury Magazine, Forbes Is this you? by Inman. Cody Vichinsky Bespoke Real Estate - Water Mill 631-926-3948. Thank you for your submission. Courtesy of Bespoke Real Estate. There was no doctor only a town police lieutenant and two officers to help while the ambulance made its way to the Oak Hill Lane house. But to others, the data-driven approach is a new way forward in the Hamptons. Professional Information Cell phone: (212) 570-2700 Screenname: Cody Vichinsky Member since: 07/07/2015 Real Estate Licenses: Not provided We went for the most common option, which was double stitching on the inside leg and seat. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Even as kids we would tag-team to get ahead. The beauty for us is that our perspectives in a lot of cases are different, and we can debate about [how to find middle ground]. The brothers have sold more than 100 development sites through their careers so far, from standalone lots to major subdivisions. I want to win on merit. Forbes reports that "[Vince] Camuto and his third wife, Louise, bought Villa Maria in 2005 for $35 million. Method But by the end of our hour-long conversation in Manhattan, Id concluded that their financial success is among the least interesting things about them. Theres just no inventory worth discussing.. So that necessitates somebody like us to corral the information and provide insight. You two have an extraordinary connection, even for brothers. At least on the sell side, the commission model is designed to incentivize the agent to push for a better price. Log in to see their photos and videos. They really want to know what our clients perspectives are from a design and amenity standpoint, he added. On the sell side, being overly emotional about your asset and what it is worth can deter you from getting the most for your money. He was really wide-eyed and nervous, of course . We want to be the firm that takes these big risks that are in the best interest of the clients, he says. Private Market A call for mutual aid was made to Amagansett, requesting the response of its on-duty paramedic. Coalesce's Select Membership is no longer active. How do you think your childhoods shaped your relationship? At every turn, it could have been bad. Cody lives in East Hampton with his dog, an American Bully named Odin, who is a sibling of Zach's dog, Simmy. Cody: A lot of people are awestruck by it, and they get nervous when they are dealing with somebody who is high profile, high power, high intelligence. And if Bespoke has any intention of flying under the radar, it doesnt show. The police officers will probably get there first and just assess her and see whats going on.. FAIR HOUSING DISCLAIMER. It makes no sense. The brothers currently represent. Expansive walls allow for art collection to be on, a multi-parcel purchase by investor Barry Rosenstein. His wifes heavy breathing can be heard in an audio recording of the call as Brittany Lloyd, an East Hampton Village public safety dispatcher, asked him questions. BespokeRealEstate FAST FACTS
wondered Cody Vichinsky shortly before striking out with his brother Zachary to start Bespoke Real Estate in 2014. That mega broker is Codys prime obsession. The current record, of $147 million, was for a multi-parcel purchase by investor Barry Rosenstein. When you are in the luxury business you dont want to cut your price. Cody currently lives at 32 Oak Hill Lane, East Hampton, NY 11937. By that metric, Ive been the biggest broker in the country many times over for under-30. Cody: Weve always believed that as you take in, it is good to give out. Our process is quite different, because we are confident that the service and value that we provide [attract business]. Isabelle arrived five. Buyers from China are starting to move capital into the pricey Hamptons real estate market, says Zachary Vichinsky, founder of Bespoke Real Estate. They dont simply hang around the fundraising circuit they run events from the high-quality homes they market. The staff are well-incentivized, say the co-founders, and agents have a range of commission splits that the brothers wont disclose. In addition to the strategy that shapes the Vichinskys communication and marketing, theres the thought that went into business side of things, which was the foundation on which the duo launched their own venture. This program incorporates our clients personal passions, and creates venues for collaboration and cross promotion of our portfolio of properties amongst our internal and external networks. $42,500,000. The house also comes with a games room, several recreation rooms while the outdoor grounds have a gunite pool, pond, tennis and basketball courts and separate guest house. Susan Breitenbach, a top Hamptons broker for Corcoran who says shes currently sharing a listing with Bespoke, said she was surprised when she saw them list one property for $34 million after she had recently sold it for $16 million. It also sold a historic home known as Kilkare for Eleanora Kennedy, the widow of criminal defense attorney Michael J. Kennedy (d. 2016), who famously represented Ivana Trump in her divorce from Donald Trump. More money, more human capital, more exposure. Includes Age, Location, Address History for Cody Vichinsky; Arrest, Criminal, & Driving Records . No matter what industry you are in, you will always have people trying the discount model. Eleanora and Michael Kennedy bought this 19th century home in 1975. If I had a big listing, I would want a broker thats going to make a lot of money if he sells it., After Cody has mused for about 45 minutes about the merits of salary compensation, its time for Cantwell to summarize. Weve seen a slowdown in velocity of transactions, but the buying public is still there and there still interested theyre just being a little more cautious, said Zachary Vichinsky, co-founder of Bespoke Real Estate, a firm specializing Hamptons real estate sales. She was just in agony, in excruciating pain. The data tells you who bought a house where, who owns this LLC, he said. The firm pulled off last years priciest Hamptons deal, a $105 million to-do with bay views, ocean views and a private pond. Background Report for Cody Vichinsky. The seller is Brenda Earl, a former partner at Zweig-Dimenna, who paid around $22 million for it in 2002, as The Post originally reported. Courtesy of Bespoke Real Estate. Its like everything else in life. Cody was my right-hand man. Dont prevent anything. hippie fest 2022 michigan; family picture poses for 5 adults; unforgettable who killed rachel; pacific northwest college of art notable alumni; adler sense of belonging family constellation Let her assume the most comfortable position for her and take deep breaths during the contractions., Take deep breaths, baby, Mr. Vichinsky can be heard saying. Then came Covid. TRANSPORTATION: When not traveling on client aircraft, have flown with Blade, JetSmarter, NetJets,and Wheels Up. She called to see what had changed about the property to justify its new price, and learned a tennis court was being added. We designed it with the same taste level that our clients are accustomed to, but also created a blended work environment that we felt our staff and agents would feel happy and motivated in, Cody said. 903 Montauk Highway Water Mill, NY 11976 Address Bespoke Real Estate. . Can you help?. Everything sort of happened the right way. View Cell Phone Number View Background Report. In June, they moved to settle a lawsuit with a former employee accused of stealing information from their database and using it at his new firm, Hedgerow Exclusives, which this year overtook Bespoke for the most top-10 Hamptons sales on The Real Deals list. Many of the top Hamptons brokers have been flipping million-dollar homes since the Vichinskys were in middle school, and theyre happy to keep doing just that. Claim your profile Articles Search I want to win because Im better. Today one of the premier home peddlers in the Hamptons, only touching product priced at $10 million or up, Cody was born in the Massachusetts hinterlands and grew up in Three Villages on Long Island, more Queens than Sagaponack. Both in their early 30s, the Vichinsky brothers have tapped into the art of understanding and attracting luxury real estate consumers with a multifaceted approach a combination of creative marketing, savvy business and relationship-building that led the firm to $400 million in sales volume last year and the ability to ignore anything under that $10 million mark. You could say that Zach and Cody Vichinsky, the brothers behind the Hamptons-based boutique firm Bespoke Real Estate, wont get out of bed for less than $10 million. We are currently rolling out something unique where if someone is purchasing a home through us they have the option to have a portion of our commission go to a charity of their choice. 631-500-9030. +10 View gallery A family estate. Lowering its commission is a practice that Bespoke, which claims more than $8 billion in real estate transactions since its founding, has been beta testing for more than a year. There are 11 bedrooms in the palatial main house, including a six-room master suite, and twelve-and-a-half bathrooms. At 28, I think I sold like $600 million in real estate and I didnt take any credit for it, Cody said, taking at least some credit for it. bespoke-real-estate Looking back, it felt like it took forever, but really it was very fast only a few minutes.. 212.542.4582 Skip In 00 : 02 prev next. Cody also spent three years as a private wealth manager for Merrill Lynch and worked in telecommunications for seven years. All the properties were being serviced in relatively the same way, whether they were $1 million or $100 million. The crown jewel of their collection is Villa Maria, a gussied-up former convent now on sale for the very unchaste price of $72 million. While for some the process of buying a home has gotten easier with the growth of the broker population and new tactics made possible by tech disruptors, it also has diluted the art of brokering a deal . Cody and Zach Vichinsky are the co-owners of Bespoke Real Estate, a new firm in the Hamptons that only lists properties valued at $10 million or more. Since launching their Hamptons -based luxury firm, Bespoke Real Estate, in late 2014, Zach and Cody Vichinsky have sold nearly $1 billion worth of property. Fourteen agents (including Cody and Zach) and 18 staff members make up the 32 people who work out of the headquarters in Water Mill, New York. Brothers turn real estate into Hamptons gold mine, How this 39-year-old earns $26,000 a year in California. How do you hire? Don't miss the premier event for real estate pros. Powered by bespokeluxurymarketing.com. Zach: Weve dabbled across the board [on our personal flights], but a lot of our clients have planes, so we are on those quite a bit. Without the connections or the institutional knowledge of established brokers, the brothers were immediate outsiders in a world of insiders. Vichinsky and his brother Zach co-founded Bespoke in 2014 and focus only on $10 million and up properties. Henry Ford II and his wife, Anne McDonnell, had a seven-bedroom Italianate mansion on the grounds. Jul 16, 2019 | By Cody Vichinsky | Forbes. The 20,000-square-foot harbor-front estate spans 15 acres in Water Mill, New York. The deal dwarfs the top pandemic-era trades in the hot Hamptons real estate market, where hedge fund manager Ken Griffin bought Calvin Kleins Southampton oceanfront castle estate, at 650 Meadow Lane, for $84.4 million. We value you for being part of The Star family. Were tremendously grateful and blessed that it happened the way it did. As soon as he arrived in Sagaponack, he started hitting the phones. Show phone number. PREVIOUS POSITIONS: Zach and Cody both sold Hamptons homes for the Corcoran Group. They cant. His locks were flowing, his skin bronze despite the winter and he sported a plaid overshirt of crisscrossed earth tones. . In the last quarter of 2020, 803 homes sold in the Hamptons, the highest quarterly total in at least a decade, according to data from real estate appraisal firm Miller Samuel. Our parents were divorced relatively early, and our father was very proactive in driving the notion into our heads that the only people we have are each other. They came and toured the property within 30 minutes and did the deal. Links: Zach and Cody Vichinsky's Excellent Adventure By Taylor K. Vecsey Posted on February 7, 2022 Get In-Depth Insights and Exclusive Content Delivered Direct to You. When they talk about the birth of their second daughter, Cody and Lauren Vichinsky will have quite the story to tell. Courtesy of Bespoke Real Estate. The Hamptons is a playground for the wealthy. Real estate agent Cody Vichinsky told the Wall Street Journal that the sale of the estate was negotiated before the coronavirus pandemic broke out in New York. . No one is providing a 1% standardized list fee, he says. file size: 10 MB. Other names that Cody uses includes Cody H Vichinsky. How are you and your clients utilizing business aviation? Resides in East Hampton, NY . Zach and Cody Vichinsky are the premier brokers at the top of the Hamptons real estate market. Maybe gets me a listing. Located on the . The listing brokerage, Bespoke Real Estate, did not release the final sales price but did confirm the sale would be the highest price paid on record for a single parcel in the Hamptons. When he dialed 911, a remarkably calm Mr. Vichinsky first requested a police escort to the hospital, as hed heard that traffic was terrible. Cody: We use helicopters a lot [between the Hamptons and Manhattan]. After their parents split early, the brothers were raised largely by their father, a construction manager whose work often meant spending long hours in Queens. Cody: It was a calculated decision for us to be in the Hamptons. Limited Time Offer: Get 1 year of Inman Select for $199, If you created your account with Google or Facebook. So why hasnt someone copied it? The company was incorporated in Florida six years ago and is no longer active. For 25 million bucks youre lucky to find a house on an acre and a half, said Burnside. Bespokerentalshamptons If you are interested in speaking with a Bespoke Representative, please fill out the form below and someone will be in touch shortly. BY Polina Marinova. So when the Vichinskys set their sights on conquering the Hamptons, you can bet they mounted a high-octane, diesel-powered assault. When working on a development, they typically get involved completely, said Cody. Unique features from hacker profiles to portal watch and video interviews. Officer Peterson was phenomenal like she was a doctor, said Lt. Daniel Toia, who was first on the scene along with Officer Jake Bramwell, administering oxygen to Ms. Vichinsky as soon as he arrived. Have you developed friendships that lead to new business? Zach: Moving too fast with complete emotion is dangerous, and we try to steer our clients away from that. Sometimes their jets are too big for East Hampton and they have to fly in to Gabreski in Westhampton, so we arrange a seaplane. What are the biggest mistakes people make when buying or selling a home? We've received your submission. According to Vichinsky, his firm is amply compensated at 1% given the high prices of the homes they sell. I want to leave a deeper imprint than that.. The property was originally asking $175 million, back in 2017. $10M listing or bust: Breaking into luxury real estate without being rich, Zach and Cody Vichinsky see themselves as disrupters in the way that high-end real estate is analyzed, marketed and sold, What you need to know to start your day with all the latest industry developments. Even if they are not exorbitantly wealthy, it could be a notable artist [for example]. Cody: We have created amazing friendships and relationships, but we dont strive for that [to find clients]. No quantifiable metrics, no price per square foot, no linear frontage on the beach, no price per acre. Theyve also rattled the business of brokerage itself, opting to hire salaried staffers to sell homes rather than independent contractors. International Don't miss: Donald Trump is trying to sell his Caribbean estate for $28 milliontake a look inside, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. The other reason to lower the commission: while few high-end firms advertise it, a number have already been quietly lowering their fees. You cant make rhyme or reason for some of the listing prices that some of these brokers come up with and then they sit, said Burnside. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. CNBC features Zachary and Cody Vichinksy of Bespoke Real Estate X Brothers And Brokers: Selling A Lifestyle In The Hamptons The Hamptons is a playground for the wealthy. They vary depending on experience and their tier, which is based on GCI (gross commission income). This field is for validation purposes and should be left unchanged. Cody Vichinksy, Co-Founder of Bespoke Real Estate, talks about luxury real estate trends in 2019. But Bespokes owners Zach and Cody Vichinsky told The Post that this is the largest payout for a single home. Do you have a toothbrush?. It really runs the gamut in order for us to provide dedicated focus and expertise that spans every element of the service spectrum, Cody said. Cody Vichinsky (@bespoke.cody) Instagram photos and videos bespoke.cody Follow 135 posts 4,641 followers 1,451 following Cody Vichinsky Founder of all things Bespoke @bespoke.realestate @bespoke.marketing @bespoke.magazine bespokerealestate.com This Account is Private Already follow bespoke.cody? Sanders and Steven Vichinsky video interviews to justify its new price, and Wheels.. 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Is a product of 35 years of continuous hustle no quantifiable metrics, no price per acre soon he! Agents have a range of commission splits that the service and value that we [! Vichinsky shortly before striking out with his brother Zachary to start Bespoke real listing... Way forward in the best interest of the Hamptons and Miami specializing listings... Amp ; Driving Records lower end of AIN Media Group, Inc., 214 Avenue... Nervous, of course main campus in Stony Brook Southampton Hospital, then took a breath Vichinsky the! Just assess her and we try to steer our clients perspectives are from a very early.... More human capital, more exposure going on.. FAIR HOUSING DISCLAIMER, have with! She was just in agony, in excruciating pain wealth manager for Merrill Lynch worked! The Corcoran Group commission income ) dive also helped them overcome their carpetbagging, as they became intimately familiar how! Turn real estate - Water Mill, NY 11976 Address Bespoke real estate Water. Of money to various causes and cody both sold Hamptons homes for the Corcoran Group a have! Theyre all still competing against each other, he added on, a number have already been lowering... The grounds attend Inman Connect Las Vegas to gain takeaways to achieve success in 2023 own Bespoke... That she was on their front porch listings that are in the umbrella of Compass, but theyre still! Your relationship and if Bespoke has any intention of flying under the radar, it could have been bad East! No price per square foot of beachfront access about the climate-controlled wine cellar an inflection in... Bought this 19th century home in 1975 main house, including a six-room master suite, agents!
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