Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
30% of all buyers were new with many initiating activity through digital art sales (20%). Christie’s, the world’s leading art business, entered its 250th year, by announcing a total of £4.8 billion / $7.4 billion in sales for the last twelve months. 2015 sales were down 5% (by£) for the same period in 2014. The … Read more
Mainland China’s luxury spending continued its decline in 2015, however, emerging signs signal a reversal in 2016. Increased international tourism, and growing comfort and trust in some business-to-consumer (B2C) overseas websites among China’s shoppers stimulated overseas purchases in 2015, according to Bain & Company‘s 2015 China Luxury Market Study. Bain & Company’s 2015 study finds … Read more
Experts expect a ‘severe correction’, particularly in contemporary and American art, after years of spiralling prices and celebrity and luxury obsession
The worldwide luxury industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% year over year (at constant exchange rates), driven primarily by luxury cars (8%), luxury hospitality (7%) and fine arts (6%), according to the 14th edition of the Bain Luxury Study, published by Bain & Company for … Read more
Astronomic rents and zero public housing keep the haves and have-nots apart in the exclusive Uruguayan coastal city. So is this dystopian ‘paradise’ preempting the path on which other global cities are set?
Maker of signature trenchcoats and scarves says growth has returned in China and South Korea, though Hong Kong sales slumped by 20%