SHOPPING WITH THE SUPER-RICH
Just 1% of the world’s consumers are keeping luxury brands alive. Brett Arends joins Wendy Bounds on WSJ‘s Lunch Break to discuss the incredible concentration of wealth within the minority, what they buy, and the spiralling mark-ups they are prepared to spend to get what they want. To read further, click on WSJ.com
However, the wealthy don’t always pay retail, and despite the struggling economy and worries about the EuroZone, luxury watch sales have bounced back from pre-recession levels. Kelsey Hubbard talks with Michael Clerizo, WSJ Magazine Contributing Watch Editor, about how to haggle when buying a luxury watch.