Collectors will remember March 11, 2021 as the day that changed the art market. At Christie’s, a piece of digital art sold for nearly $70 million, a record for the crypto-art industry that shot digital artist Beeple straight into the pantheon of superstardom and instantly made him the third most-valued living artist in the world (after Jeff Koons and David Hockney).
Business & Trends
In a speech aiming at supporting hospitality professions, President Macron designated Covid-19 as the number one enemy of the famous “French way of life” (Art de vivre), showcased at length during the pandemic… a very fluid concept.
Style & Experiences
Watches & Jewellery
Exclusive interview with Caroline Scheufele, co-president and artistic director of Chopard, on the behind-the-scenes shooting of the “Happy Diamonds” campaign with Julia Roberts.
Philanthropy has rapidly become a quick fix to the Covid-19 pandemic. Companies, foundations and other private donors have redirected important amounts of money in favor of the healthcare sector. As well as towards the poorest.
On the auction market, 2020 showed mixed results. Led by the charismatic Aurel Bacs, the house Phillips in Association with Bacs & Russo is however holding its own, with a record year in the watch sector. A performance that contrasts with a struggling watchmaking industry.
While blockchain is increasingly used as a certification tool, it still isn’t sufficient enough against counterfeit goods. Luxury brands also need to ensure a solid client relationship combined with strong values.
Second-hand platforms, very popular among the younger generation, are now supported by the luxury giants.
The emotional connection given by a piece of clothing that once belonged to “mamma” has been setting the trends of the fashion capital, Milan.
By Elena Cozza
The role of merchandising has been greatly affected by Covid-19 restrictions. New strategies are emerging to strengthen the interrelationship between a physical shop and digital platforms.
By Elena Cozza
Valentine’s day and Chinese New Year’s are traditionally the first two sales milestones of the year, an overview of the luxury industry’s pulse. And this year, both dates were under particular scrutiny. Can we finally talk about a recovery in 2021?
To better understand the technological battle playing out on the other side of the world, Luna Rossa has agreed to let Luxury Tribune in on a few secrets.
After a year-long break in their growth, LVMH and Kering have to answer challenges linked to recovery, while facing changes in the luxury fashion sector. To do so, their fashion brands seem to have opted for opposite strategies.
By Sandra Krim
Even though more and more counterfeit products are being seized at customs all the time, and despite the boom in digital certificates for luxury products, counterfeit sales remain a growing problem in the luxury sector. Even more worrying: purchasing fake products online is actually appealing to the younger generations.