Word: high-end
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...itself in a multitude of ways, from the obvious opulence of a private jet to the sleek discretion of a minimal-style four-star restaurant. Some notions of luxury--the androgynous look of a guy in a fur coat, for example--may seem pretty far out initially, but the high-end market wields a lot of influence on the mass market, and many ideas eventually trickle down to the mainstream. In this special issue of TIME, we explore the changing perception of luxury through the eyes of those who define it as well as those who buy it. Today, despite...
...Feast Your Eyes In the newest high-end restaurants, high style is the rule By Richard Lacayo...
Despite rising interest rates, staggering energy prices (gasoline has climbed 30% in the U.S. in the past year) and the general state of unrest in the world, conspicuous consumption is back. According to a study by the Italian association Altagamma, U.S. sales of high-end goods grew 27.7% in the first five months of this year, and consumer confidence is way up, hitting a two-year high in July...
...held on to power. This isn't a political disaster; this is a reflection of the fair and sometimes painful mechanics of democracy. Omar van den Berg Amsterdam Battling Bogus Bags Your article on counterfeit luxury merchandise [Aug. 23] never asked why Louis Vuitton or any of the other high-end manufacturers deserve to be paid $1,500 for a handbag when, as you reported, "a 12-m container filled with fake bags can turn a profit of $2 million to $4 million" at $35 per purse. Is the quality of the real designer bag really worth so much more...
...sober exception. But not for long, according to Mario Pablo Silva, managing director of the Casa Silva winery in Chile's Colchagua Valley, whose family's once staid operation is poised to make winemaking more of a fiesta. "By September," Silva gushes, "we plan to offer a high-end hotel with a restaurant, polo games during tastings, Chilean rodeo and horseback riding" beneath the Andes. Casa Silva and many other Chilean wineries are partying because their high-stakes bet--a red-wine grape called Carmenere--is paying off. Brought to South America from France in the 1800s, Carmenere was rediscovered...