Categories: Global Wealth

Global Wealth Down in 2008

Posted by: Charles DuBow on September 04

The extremely rich don’t always get extremely richer. According to a new report from the Boston Consulting Group, global assets under management (AuM) are estimated to shrink 8% from 2007…

Is Luxury Market Coming or Going?

Posted by: Charles DuBow on September 02

It’s easy to see why people might be a little confused about the state of the luxury market these days. In addition to my other duties here at Businessweek.com, I…

More Wealthy Asians Buying Yachts Locally

Posted by: Charles DuBow on July 21

Interesting piece over the weekend in the IHT about the booming Asian yacht business. It comes as no surprise that wealthy Chinese and Taiwanese are buying megayachts. What does come…

How Will Luxury Companies Fare in the Third Quarter?

Posted by: Charles DuBow on July 16

Swiss luxury goods giant Richemont announced a 13% increase in first quarter sales, largely on the strength of its jewelry brands such as Van Cleef & Arpels and Cartier. And,…

The Return of the Faberge Egg

Posted by: Charles DuBow on May 29

Faberge: the real golden egg. Saw a post on Luxist today that after a hiatus of nearly a century the legendary firm Faberge, which made the eponymous eggs and…

Sotheby’s Swing to a Loss

Posted by: Charles DuBow on May 09

Oh, oh, looks like people aren’t buying art the way they used to. At least not through Sotheby’s (BID). The storied London-based auction house posted a loss for the first…

Let Them Drive Boats

Posted by: Charles DuBow on May 06

”> Pity the American middle-class outdoorsman. The Wall Street Journal today reported that General Electric’s consumer-finance unit will stop providing loans for buying RVs and most watercraft. The news follows…

Gulfstream Sales Soar

Posted by: Charles DuBow on May 05

The Gulfstream G-650 At a time when the global economic crisis seems to be spoiling consumers’ appetites for affordable luxury, the market for unaffordable luxuries seems as strong as…

The Return of Exclusivity

Posted by: Charles DuBow on February 07

Louis Vuitton in Houston—Too much of a good thing? At a time when many people are bemoaning the death of affordable luxury, one has to wonder whether there isn’t…