Russia to stop using ‘Soviet Champagne’ name Russian sparkling wine producers are to stop using the Shampanskoye name on labels after an historic agreement was reached at the weekend. The name, which was established under Stalin in the 1920s, is still widely used by privately-owned producers today. It is understood that there was strong opposition … Read more
While several marinas have been developed along the China’s eastern coast in the past five years, Chinese coastal waters are still strictly regulated, and import duties of 43 percent have dampened the development of a vibrant yachting culture. In 2009, the Chinese yachting market was worth $440 million, according to a recent report by China … Read more
Picasso takes lead in big New York art sales Christie’s and Sotheby‘s hold their big autumn art sales in New York starting next week, with both houses looking to to excite a robust market. The prominence of important works by Picasso, Matisse and other modern masters in the impressionist and modern art sales at Christie’s … Read more
Luxury property demand is seen to ebb Global demand for luxury property shows signs of receding, with prices worldwide rising at the slowest rate since the financial crisis began. The growth of prime property prices – the top 5 per cent of property by value – in Europe, North America and Asia has outstripped the … Read more
Valentino’s creative directors have been working on menswear collections for some time. They usually present their pieces in the fashion house’s showroom in Place Vendôme, Paris, but their Fall/Winter 2012 display will be more special. The duo have been chosen as the guest designers at the Pitti Uomo 81 event, while is taking place in … Read more
UK’s most luxury home finally sells for £35 million An opulent Surrey mansion which has been on the market since 2005 has finally sold for less than half its original asking price. Updown Court was once expected to fetch £75 million but has now sold after six years on the market for just £35 million. … Read more