Alexander Wang joins the growing roster of notable brands which have made the Seaport their home, including ESPN, whose New York Seaport studios broadcast more than 200 hours of programming a week, and Nike, whose creative studio opened in 2019. The Seaport’s urban walkability and connection to the area’s independent retailers, restaurants, art galleries and … Read more
Christie’s Global Sales Achieve £3.3 B / $4.1 B in First Half 2022 “Our results in the first half of 2022 have been remarkably strong, with many memorable moments like the sales of Warhol’s Marilyn and of the Bass collection in New York, and of the Givenchy collection in Paris. These results have been achieved … Read more
Gold is one of the most precious materials in the world. It’s therefore the perfect fit for Bugatti. The 24-karat metal is rarely used in the crafting of automobiles, however, because the finest 99.9 percent gold is soft, extremely valuable, and tricky to work with. Bugatti rose to this challenge and has applied a 24-karat … Read more
Bain & Company expects the wealth management market to double in size, exceeding $500 billion in revenues by 2030 Bain & Company released today a new study on the wealth management market, predicting customer demand for wealth management services to surge to more than $500 billion by 2030—double the size of the market in 2021. … Read more
Cartier and Amazon File Two Joint Lawsuits Against Counterfeiters Using Social Media to Traffic Counterfeit Luxury Goods. Amazon and Cartier announced two joint lawsuits against a social media influencer and eight businesses (collectively, the “defendants”) for advertising, promoting, and facilitating the sale of counterfeit luxury goods through Instagram and other websites, infringing on Cartier’s registered … Read more
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic. Redfin analysis finds the luxury-housing market is cooling down amid a slumping stock market, rising mortgage rates and economic uncertainty. Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the … Read more