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The One Percent.
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Monterey 2026 closed at a record USD 758.3 million, up 75% on last year. But sell-through was flat at 75%: the same proportion of cars sold, at much higher prices. A supply story wearing a demand headline.
Luxury collectibles are now the second-largest revenue stream at Christie’s and Sotheby’s. The houses are not selling watches for the margin, they are buying a client relationship at twenty-five to consign a painting at fifty.
Abu Dhabi based hospitality platform DIAFA enters a new chapter of global expansion through the acquisition of Richard Caring’s renowned portfolio of restaurants and private members clubs.
The world of luxury hospitality is undergoing a profound transformation. A realm traditionally defined by opulence and exclusivity . .
For over a century and a half, Mandarin Oriental has been more than just a name in luxury hospitality; it has been a promise of artistry . .
