NEW YORK, Dec. 27, 2006

Get Ready To Party — And Spend Some Money

The Modern Party Is Becoming More Extravagant And More Expensive

  • Video Caviar 101

    One of the classiest things anyone can serve at a party is caviar, but many people are intimidated by it. Tori Ritchie shows Hannah Storm the proper way to serve caviar.

  •  (CBS/AP)

  • Photo Essay Party Photos

    Stars mug for the cameras in celebration of Entertainment Weekly's 2006 photo issue.

(CBS) 
Weddings for the wealthy are also becoming more excessive than ever before. Couple turn to people like Sasha Souza, a prominent California wedding planner to make their special day as lavish as possible.

"Weddings today are much more elaborate and much more focused on the couple and what their style is," she said.

The style for this couple champion boxer Fernando Vargas and his bride, Martha Lopez, is nothing short of royal. The couple forked over $500,000 for the wedding.

"She wanted it to be this over the top, amazing, unforgettable, best event they've ever been to," Souza said. "And Fernando, I promised him he'd be a rock star by the end of the day, so he was happy. When you start spending that kind of money, you really get an event that is unlike any other. Unlike any other. It's your party."

Even the invitation is lavish. The invitations chosen by Vargas and Lopez are made of velvet paper and are monogrammed.

"The total cost of the invitations was about $20,000," Souza said.

The couple's two cakes cost them $14,000. Special lighting and an illuminated dance floor brought in from Spain set them back about $100,000. Place settings in a sea of silk cost about $60,000 to rent, Souza said. The couple also had an ice bar.

"A1,400 pound bar made of ice that has jewels encrusted in the ice then emblazoned with there monogram. Cost about $8,000," Souza said.

Souza also arranged for the couple to have about 3,500 rose stems and 1,000 orchid stems in the flower arrangement which will cost about $60,000. It all adds up, but there are no complaints from the groom.

Continued



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Add a Comment
by cjsimmons1 January 2, 2007 1:59 PM EST
I watched your December 31st broadcast, and as always enjoyed all the reports including Serena Altschul%u2019s well-reported story on the phenomena of the ultra-lavish parties %u2026 not just for weddings, but also for Sweet Sixteens or for the holidays. What left me disgusted and angry was the utter waste by the woman from North Carolina who spent %u201Cover seven figures%u201D on a 54th birthday party for her husband who was a recent cancer survivor. Celebrate! Yes, I agree. He survived a horrible deadly disease, but throw a party that cost over $1 million? Can we imagine, just for moment, what %u201Cover seven figures%u201D could have done to promote the fight against cancer? Why not donate that money to cancer research in her husband%u2019s honor, or donate a wing to a children%u2019s hospital for young cancer victims? Why not make a lasting contribution that could potentially benefit millions of cancer sufferers, instead of for food and gifts that will all, in time, pass away and be forgotten.

Let%u2019s now see a story where selfless individuals take their fortunes and do something worthwhile like helping cure disease, feed the starving, and shelter the homeless.

Sincerely, C. Jerry Simmons, Hyattsville, Maryland
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by candiperez January 2, 2007 1:06 AM EST
How do you know that Steve & Beth did NOT spend money also on cancer research? Being judgemental doesn't look good in the eyes of God either. Judge and be judged. Whatever. What I think is that if people want to spend their money instead of squirreling it away and not using it as part of the economy is a bigger shame.
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by kesac4650 January 1, 2007 1:08 PM EST
It amazes me to see people complain when someone rich spends their money. Why don't the give it to the poor, they whine?
Consider this; When Mr. Rich spends his $Million, he has bought goods and services that become the paychecks and incomes for a great many of us lesser types.
The wealthiest 10% pay 50% of the taxes in America. They create demand for my labor and services, just like they do for millions of other persons. Instead of making donations to poverty, they are lifting people out of poverty.
Success and wealth beget success and wealth for many others. Whiners, whine alone.
Reply to this comment
by DKithcell January 1, 2007 4:54 AM EST
I grow so tired of the rich justifying their decadent behavior with bibilical and philopanthric references. Read all of Proverbs about how little attention most people pay to the poor and PLEASE, we all know what kind of tax write offs you get through giving. I found it interesting the references to Louis the XIV and Nero--leaders whose lavish lifestyles ushered in a decline of their civilizations. These kind of obscene celebrations are symptoms of decadence (along with the emergence of theocracy, overextended military, too much money in the hands of an entitled few, and debt spurred by a government and people living beyond its means) and a country in decline. I am not jealous of you or your friends lifesytle. I pity you for your stupidity and hollow values.
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by blessedby4 December 31, 2006 6:29 PM EST
I personally feel the amount an individual spends on a party is first, relative to their net worth and second, personal choice. Through hard work and opportunity the Fowlers have been successful in their endeavors. Thank God we live in America where this opportunity is available to each of us. I find the negative attacks against Beth and Steve presumptuous and judgmental. As a friend of this wonderful couple, it was an honor to have been a guest at this fabulous celebration. During the party, I had a conversation with another guest who shared how Steve and Beth had afforded her a fresh start with her life. Do those of you who find the need to share your negative and jealous undertones, have personal knowledge of the charitable contributions made by Steve and Beth Fowler or are you making ignorant assumptions? Further reading available in Matthew 7:1-5 and James 4:11-12. God bless each of you and may you reach your desired goals and dreams. "Party On" Beth and Steve!!
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by rubarb373 December 31, 2006 6:07 PM EST
It was embarrassing to watch. It only adds to our growing reputation as a nation of rich people who think only of their own pleasure. How many poor children could be educated with that money, making productive citizens out of them instead of seeing them live in slums, etc. The whole piece was nauseating!!
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by opus1ny December 31, 2006 1:10 PM EST
I get the fact that she was grateful her husband made it to his 54th birthday and has beaten cancer, but please. Does one really need to spend $1 million to show your husband and the world this? What happened to gathering your family together over a dinner, holding hands and saying thank you to your maker and to each other?

And what are we telling our kids in spending 6 and 7 figure sums for bar mitzvahs and sweet 16 parties? They may be wonderful memories for now, but in the bright light of day, advances nothing toward the healing of this world.

Why do we feel this need to constantly try to be a part of Lifestyles of the rich and shameless?
Reply to this comment
by jekoreng December 31, 2006 1:01 PM EST
I wonder what God will say to Steve Fowler when asked how he helped his fellow man during his time on earth. Steve can say that he and his wife had a 1 million dollar plus party instead of helping fund research for cancer which may have helped other cancer victims stay on earth a little longer as did Steve. "Party On" Beth and Steve!
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by zenmind44 December 31, 2006 12:44 PM EST
Your extravagant party piece was deeply disturbing to me. With more and more of our youth (and their parents) being caught up in the celebrity culture, we are forgetting our fellow human beings. I would welcome you to visit our synagogue in St. Louis Missouri, Central Reform Congregation where our rabbis, Susan Talve and Randy Fleischer, who are committed to social justice, are performing bar/bat mitvahs, weddings, etc. with deep meaning without the "flash" that has permeated this American consumer driven culture. The people you profiled could have made such a huge difference in the lives of some of our soldier's families and organizations that are dedicated to Tikun Olam, healing of the world. I've heard the arguments "we already give, we deserve to spend on ourselves as well". Poor excuse for narcissistic behavior such as this. A party of 7 figures? Please, it was embarrassing to watch. If you can't throw a beautiful party for a few thousand bucks, something is terribly wrong.
Reply to this comment
by auctnr1 December 31, 2006 12:40 PM EST
Beth Fowler threw a $1,000,000 plus 54th birthday party in Raleigh, North Carolina for her husband Steve.

"He's a cancer survivor and I really felt so fortunate and blessed that I was allowed to have more time with him," she said. "And what a great reason to celebrate."

Too bad she didn't see fit to donate over a million dollars to St. Jude Hospital in honor of her husband and mail an acknowledgement to her 400 friends that came to the party.

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