Managers of Wealth

Report Finds Art Sales Stagnate, Even as the Luxury Sector Continues to Grow

In surveying people in the trade and analyzing public sales data, Bain found that auctions experienced an estimated 20 percent drop in spending.

Van Gogh painting could sell for $50 million at Hong Kong auction this month

The Dutch artist's landscape painting was long owned by the royal family of Bourbon-Two Sicilies, who are now parting with the precious painting this fall, service provider for the international art trade Artnet reports.

Marriott's Luxury Group and Sotheby’s Announce Partnership

The Luxury Group will craft itineraries inspired by the diverse categories represented at Sotheby’s Luxury Sales, including, fashion, jewelry, watches, wines and spirits.

The WatchFund SG and Konvi Reach €2 million in Assets Under Management

Through this partnership The WatchFund SG is supporting Konvi in its mission to democratise the luxury watch space and empower a broader range of investors with access to these lucrative investment opportunities.

European luxury shares’ $240 billion rout is just the beginning

Once seen as Europe’s answer to the US “Magnificent Seven” tech megacaps, shares in companies producing high-end clothing, handbags and jewelry are languishing, sapped by a spending slump.

Is Turkey becoming the new luxury hub?

It may be too early to tell, but all the signs seem to be there

German carmaker Porsche is planning to build $40 million luxury apartments in Bangkok, where the average salary is $16,000

Asia’s super-rich millennials are getting into luxury yachts—here’s how the designs are catering to their needs

Affluent millennials, particularly in Asia, are increasingly keen on yachts. Here’s the how the vessels’ designs are catering to their wants and desires

The ultra-secretive billionaire heiress of the Stern family, the owners of Patek Philippe

This tells you a lot about the $85 million superyacht adventure-seeking owner.

It’s an ultra-wealthy dilemma: Who inherits the wine and art collections?

Less than half of those worth more than $3 million have basic estate plans for their complicated assets.

Why Luxury Brands Need to Consider Cybersecurity More Than Ever

From breach of data to periodical security testing and finding professional web developers, luxury brands are not immune to cyberattacks.

Luxury watches and high-end jewellery undergo sustainability transformation – Piaget leads the way

Regardless of short-term fluctuations, the luxury market remains in rude health.

What You Can Learn From Ultra-Wealthy Buyers Before Purchasing A Home

Many of these buyers aren’t just wealthy — they’re considered ultra-wealthy, and here’s what you need to know about them.

Snubbed China shopper makes luxury shop staff count US$84,000 cash for 2 hours then leaves

Wealthy woman with grudge shows stand-offish sales assistants at Louis Vuitton store that revenge is dish best served cold

Top 8 Car Brands Driven By the Wealthy

The wealthy tend to snap up higher trim models from “regular” brands and less expensive models by luxury brands.

From tradition to transformation in the luxury market

The great generational transfer of wealth coupled with a strong outlook in China and the Middle East heralds a positive new era for the luxury sector

Luxury Unfiltered: Connecting with ultra-luxury clients

What I found striking was how critical for them the focus on hyper-personalized service and sustainability was - both a challenge for many of today’s brands.

Ultra-luxury home sales in US are on pace to set record

The closing was ultimately a turning point. Less than a month later, a nearby five-story penthouse went for $US135 million.

Why the jewellery industry isn’t giving up on natural diamonds: heritage brands trade on rarity of ‘real’ stones as demand for lab-grown gems slumps

Louis Vuitton’s Deep Time Laurasia necklace has a 5-carat yellow diamond at its centre, while Graff’s Galaxia collection features more than 1,100 carats of diamonds and precious gemstones

Axis Bank and Visa launch luxury credit card for the wealthy Primus

Visa and Axis Bank launch 'Primus', an ultra-luxury credit card for India's elite.