How to Spend It: the shopping list for the 1%

In an age of astonishing wealth, nothing reveals the lives of the ultra-rich like the FT’s unashamedly ostentatious luxury magazine.

By Andy Beckett

Diet Prada: the Instagram account that airs the fashion industry’s dirty laundry

Planet fashion generally runs on weaponised niceness – which is why a social media account that claims to highlight design rip-offs has attracted nearly half a million followers

Damien Hirst hates sausages! How Instagram became art’s new playground

Twisted selfies from Cindy Sherman, strange fruit from Wolfgang Tillmans, skull revelations from Damien Hirst … as artists muscle in on the app, what have we learned about them?

Monocle: you’ve seen the magazine – now buy the apartment

Tyler Brûlé’s luxury lifestyle brand plans to launch properties in 10 to 12 cities across the world

Taylor Swift swan frolic prompts huge expansion in sales of inflatables

Demand for designer pool accessories – from doughnuts to unicorns – soars as shoppers splash out on social media props

Handbags at dawn with Farfetch, the latest thing in upmarket online fashion

It has a Chinese deal, a Condé Nast tie-up and has lured the founder of its biggest rival – but can it really change the luxury market?