Julianne smiled, though her eyes were on the center of the room. Princess Diana had passed only months ago, and a certain somber elegance still clung to the season’s fashion—lots of black lace and understated pearls. Yet, as the live orchestra transitioned from Gershwin to a sophisticated arrangement of "Candle in the Wind," the mood shifted from commerce to legacy.

As the guests moved toward the terrace to watch the fireworks over Central Park, Julianne felt the strange friction of the moment. They were standing on the edge of a new millennium, draped in the traditions of the last century, blissfully unaware of the digital storms and market crashes waiting just over the horizon. For now, there was only the cold snap of the winter air and the warmth of a vintage Bordeaux.

"The Dow is at 8,000, Julianne," Arthur Sterling boomed, leaning against a marble pillar. He was a man who looked like he’d been born in a three-piece suit. "If this keeps up, we’ll be buying the Hamptons by Easter."

The crisp December air of 1997 didn't stand a chance against the radiant heat of the Vanderbilt-Clairmont ballroom. It was the night of the "Crystal Frost" gala, the undisputed peak of the Manhattan social calendar.

Julianne St. James adjusted her vintage Dior—a silhouette that whispered "old money" while her brand-new Motorola StarTAC, tucked discreetly in her silk clutch, screamed "new era." The room was a sea of velvet tuxedos and champagne flutes, smelling of expensive cigars and Chanel No. 5.

At midnight, the host, Alistair Clairmont, raised a crystal coupe. "To a year of unprecedented growth," he toasted, his voice echoing under the gold-leaf ceiling. "And to a future that looks even brighter."