Luxury Trend Watch: June 2021
June 18, 2021 | Source: Compass California Real Estate Blog
|From exceptionally secluded multi-bedroom villas on the Adriatic Sea in Portonovi, Montenegro, to palatial structures boasting panoramic terraces in St. Martin, these gorgeous dwellings make a serious case for self-indulgence.|
|This summer, you can have a beach day and shopping day all in one place, Dior-style. Located in Montecito’s premier oceanfront luxury Miramar Beach resort, Dior’s new pop-up is turning heads as it has taken over the resort’s Cabana Pool, Bocce Courts and Garden Bungalow Suite. |
|The $22.5 million penthouse was bought all cash and paid for entirely in cryptocurrency. For the real estate industry writ large, the deal sends a much louder message about the future: crypto is here to stay.|
Rolls-Royce and Hermès Teamed Up to Create a One-of-a-Kind Phantom for a Japanese Fashion Billionaire
|The Phantom Oribe, a second partnership between the two houses, has a paint job inspired by ancient ceramics and is arguably one of the most elegant and understated bespoke Phantoms ever. The owner’s private jet will come in the same color as the car, making the creation even more unique.|
What We Are Hearing in the Luxury Space
Luxury home sales in the U.S. are soaring as remote work, brimming stock portfolios and rising listings give wealthy buyers an edge. In the three months through April, purchases of high-end homes increased 26% from a year earlier, and listings of high-end homes rose 19% from a year earlier.
LVMH netted roughly $16.7 billion in the first quarter of 2021, marking a 30 percent increase in organic revenue compared to the same period in 2020 and an 8 percent increase compared to 2019.
Source: Robb Report
Sales at French luxury group Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe.
Source: Business Insider
Bentley’s CEO said the luxury auto brand started 2021 with 50% more orders than it started 2020 with. The British company delivered 11,206 vehicles in 2020, up 1.8% year-over-year—and the highest output in its 101-year history.
Rolls-Royce Motor Cars had its best quarter in its 116-year history, setting a sales record in the first quarter. The luxury auto company delivered 1,380 cars in the first quarter, up 62% from the same time last year.
Main image Courtesy of La Samanna