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The One Percent.
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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.
Luxury fashion brands are entering one of the most significant transformations in decades.
While the global luxury industry is returning to sustained growth, the most important evolution is not simply financial. It is the emergence of a new luxury consumer, one who values craftsmanship, wellbeing, technology, and timeless design above traditional status symbols.
