My Money Sleeps: “I Never Bought a Car as an Investment in My Life,”...
“I never bought a car as an investment in my life,” explained Jay Leno back in 2015 when a guy offered him $12 million...
Lazy Cash Wandering Docks at Newport Boat Show
“Permission to board? Should we remove our shoes?” Becky and I asked. A polite way to board a brand-new boat on display at the...
Can Luxury Brands Survive the Wuhan Coronavirus?
The Financial Times reports that luxury brands could be facing trouble from the Wuhan coronavirus, as Chinese customers have become such a big part...
LVMH Puts a Ring on Tiffany & Co.
French luxury mega-conglomerate, LVMH has announced a deal to buy American luxury icon, Tiffany & Co. The deal is valued at $16 billion. The...
The Rich and Famous: How to Invest Like Jay Leno
If you want to see Jay Leno’s home in Newport, RI all you have to do is leave my office, turn on to Bellevue...
Chinese Millennials Spend Big on Luxury, but Americans Are too Poor to Keep Up
Luxury goods companies have found steady demand from young Chinese consumers, flush with cash and ready to spend. Meanwhile, American Millennials can't keep up...
LVMH Expands its Reach in Hospitality
Luxury conglomerate LVMH has expanded its hospitality business by beating numerous other bidders to acquire the high-end hotel owner and operator Belmond Ltd. Craig...
Yay, Yay Claude Monet
Yesterday Claude Monet’s famed 1890 painting, “Haystacks”, sold for $110 million—a record for the impressionist— “to an unidentified woman who had to raise her...
Your Survival Guy in Paris: Peking Duck
When you land in Charles de Gaulle airport, taxiing to the gate can feel longer than the flight. It’s big. And if it’s not...
The Small Italian Town Feeding the World’s Luxury Feast
The rise of affluence in Asia has brought on a wave of demand for luxury goods. Feeding that wave is a small town outside...