Wealth

For years, the art world had been viewed as a symbol of prosperity and cultural sophistication—a tangible reflection of wealth and status. Yet, recent statistics reveal a disturbing downward trend: auction sales are plummeting for the third consecutive year, with the first half of the current year recording the lowest figures in over a decade.

In the high-stakes domain of luxury fashion, brands like Moncler find themselves in a precarious balancing act. While the allure of exclusivity often justifies premium pricing, the current strategy of incremental price hikes reveals an underlying vulnerability. The decision to rely on “very slight price increases” as a shield against tariff impacts may seem pragmatic,

In recent years, the luxury industry has demonstrated a remarkable capacity to evolve and adapt—yet this evolution often obscures the profound socioeconomic disparities it both reflects and amplifies. When an investment giant like LVMH’s private equity arm pours hundreds of millions into a private jet company, it’s not merely about high-end travel; it’s a calculated

Burberry’s recent uptick in American sales seems like a rare beacon of hope amid a tumultuous economic landscape, yet a closer look invites skepticism. While the 4% rise in the Americas appears promising on paper, it mask the underlying fragility that lingers beneath the brand’s facade. The luxury sector, especially heritage brands like Burberry, often

For years, the luxury industry in Japan appeared virtually unstoppable, riding the waves of foreign tourism fueled by a weak yen and an influx of international shoppers. Until recently, companies like Richemont basked in the illusion of perpetual growth, especially during last year’s surge driven by currency-induced spending. Yet, beneath this surface-level prosperity lies a

The recent federal spending bill has ignited a flurry of activity in the private jet industry, promising to accelerate sales with the reintroduction of “bonus depreciation.” For the wealthy elite, this tax perk isn’t merely a financial convenience; it’s a green light to indulge in an age-old symbol of privilege. The narrative spun by industry

In the maze of recent tax legislation, a disturbing pattern emerges: policies are increasingly skewed to benefit the wealthiest segment of society at the expense of the broader middle class and working Americans. While proponents tout these measures as fostering economic growth and investment, closer scrutiny reveals that they primarily entrench inequality. The so-called “big

The recent wedding of Jeff Bezos and Lauren Sanchez in Venice was nothing short of an ostentatious spectacle, showcasing the extremes of wealth in a world rife with inequality. With an estimated cost of $50 million and attendance from an elite guest list that reads like a who’s who of global power and celebrity, this

The luxury fashion sector is notorious for its ever-changing landscape, influenced by consumer whims, economic factors, and shifting cultural narratives. The recent appointment of Luca de Meo as CEO of Kering marks a pivotal moment for this beleaguered French fashion house. Following the departure of long-term leader François-Henri Pinault, the company is betting that a

In a monumental shift set to disrupt the traditional landscape of wealth management, an estimated $100 trillion is on the brink of changing hands between generations. As younger individuals inherit their parents’ fortunes, a distinct divergence is becoming apparent in their expectations from wealth management firms. Unlike their forbearers, today’s young investors are not merely