October 15, 2012
Today in luxury marketing:
The designer’s first shop will open at 655 Madison Ave. today — the culmination of a series of significant initiatives since The Jones Group Inc. acquired the company in June, per WWD.
Christie's London contemporary art sale down on 2011
Christie's raised $62 million from its combined London sales of post-war, contemporary and Italian art late on Thursday, Oct. 11 towards the lower end of pre-sale estimates and down on the equivalent auctions of 2011, according to Reuters.
Infiniti vies for a piece of luxury
During a visit to the Japanese Grand Prix, senior vice president of Nissan Motor Johan de Nysschen spoke with Brad Spurgeon of the International Herald Tribune, The New York Times reports.
Can't sell? Try asking more
In a bid to attract trophy hunters, some high-end sellers are taking a counterintuitive and risky step: raising the price, The Wall Street Journal reports.