Luxury Goods and Services

Ship Carrying 1,100 Porsches and Other Luxury Cars Is Burning and Adrift

A mammoth cargo ship believed to be carrying thousands of vehicles including 1,100 Porsches was on fire and drifting off the coast of the Azores on Thursday after its 22 crew members were rescued from the vessel. The fire broke out on Wednesday morning in the cargo hold of the ship, called the Felicity Ace, […]

They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin

Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, said she started buying Bitcoin in 2020 before switching her focus to lesser-known tokens like Bund, which is tied to a decentralized sports-betting network. Ms. Gentry’s Bund trades netted her around $400,000 in profits, she said, and her total portfolio is now in the mid-six figures, […]

Barcelona Banks on Superyachts, Becoming a Hub

The yacht maintenance business has been jumping. MB92, which also owns a smaller yard in La Ciotat, France, reported revenue of €191 million (about $215 million) in 2021, up from €150 million in 2019. Even if a superyacht is a striking showcase of wealth, owners expect those working for them to keep silent about their […]

Why Bragging About Your Wealth In China Can Get You Censored

He started by exploring the sauna, built into the palatial bathroom of the hotel’s presidential suite. Then the video blogger moved on to the dining room, where a chef waited with a glistening steak. The next morning, he awoke to a lobster breakfast, which he ate cross-legged in bed. “Today’s bill: 108,876 kuai,” or more […]

Toyota Outlines Electric Vehicle Expansion Plan

Toyota, the world’s largest carmaker, belatedly joined the electric vehicle bandwagon on Tuesday, saying it hoped that by the end of the decade battery-powered cars would account for one-third of sales and almost all of the sales of its Lexus luxury brand. The Japanese automaker pioneered hybrid vehicles that use electric and gasoline motors, but […]

Chanel, TikTok and the Beauty Advent Calendar Controversy

Hell hath no fury like a social media mob that thinks it has identified a luxury scam. Or so it seemed this weekend, when a series of viral TikTok videos involving an $825 Chanel advent calendar and the disappointed customer who bought it went viral, inspiring a multitude of users to call foul on the […]