Luxury

01/16/2015

MOIT considers higher tax on luxury cars

Gost Series II, Rolls-Royce’s super-luxury car, which reportedly is valued at VND17 billion in Vietnam, may see the price reach VND30 billion if the luxury tax rate is raised to 195 percent instead of 60 percent as currently applied.

01/14/2015

10 New Luxury Watches For 2015

Long before Santa Claus had a chance to prepare his sled for his 2014 trip around the world, the workshops in Switzerland were busily producing new products for 2015.

01/13/2015

German luxury spending grows - but who's buying?

Germans spend a lower percentage of GDP on luxury goods than do consumers in France, Italy, and other countries. But that may be changing, as German sales of high-end goods increase faster than the global rate.

01/10/2015

Middle East superwealthy eye superyacht ownership

The Middle East and Africa region leads the world in superyacht demand, with more than half of the region’s ultra-high net worth individuals (UHNWI) likely to own or buy a superyacht, according to the Superyacht Builders Association (SYBAss) whose m

01/09/2015

Demand and spending for art declines: report

Affluent consumers who are purchasing art are educated, both male and female, and tend to be younger. For art retailers clinging on to their physical store location, it is vital they understand the demographics and trends of art buyers.