The ruble, which lost 40 percent against the euro last year, has crippled demand from Russians for luxury goods, and many labels are growing concerned the trend could last, with no end in sight for the conflict in Ukraine.
In a sign of the booming global market for luxury cars, Sotheby's announced today that it has acquired a 25 percent ownership in Ontario-based car auctioneer RM Auctions that will yield "a new strategic partnership.
When completed in 2016, World One Tower will have 117 storeys, making it the world's tallest residential skyscraper.
Affluent consumers spent about $32,172, or about 21 percent of their income, on luxury products in the last year
Purveyors of high-end luxury goods are chasing millionaires in the United States, as upper-income spending falters in Europe and in the emerging markets once considered luxury's promised land. And the wealth, they say, is not just confined to the Ame
Peter Boehringer hates the word "conspiracy." It implies something crazy, and if you spend even a little time with the 45-year-old German, it becomes clear he's driven by a desire for order.
There aren’t many cars out there that can outshine a Pagani hypercar in terms of exclusivity, Swiss watch-like attention to detail or gorgeous interiors, and the Huayra is the latest example to further enforce that principle.