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Dec. 21, 2025
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Real estate

Where the ultra-wealthy spend: New York, city homes and Hermès handbags

March 5, 2020

Knight Frank's 2020 wealth report. Image courtesy of Knight Frank Knight Frank's 2020 wealth report. Image courtesy of Knight Frank

 

By Dianna Dilworth

Luxury real estate buyers are spending their money in cities as opposed to second-home markets in the shadow of an expected global slowdown.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Kering to acquire jewelry manufacturer Raselli Franco Group
  3. Savannah College of Art and Design debuts SCAD LUXE research center
  4. Exclusive Resorts purchases Inspirato for $59M
  5. Ennismore picks Bangkok site for first-in-region SLS Residences
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Versace recruits American actor Channing Tatum for Eros campaign
  8. Johnnie Walker, designer Robert Wun unveil Lunar New Year bottle
  9. Sephora introduces new concept for SEPHORiA 2026
  10. Lamborghini heads to French Alps for women-led driving series
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