Is The Luxury Goods Bubble About to Burst?
Patrick Boyle On Finance
The Luxury Goods Bubble Blasts or Will It Keep on Going?
The luxury sector's momentum kept going into the first quarter of 2023, achieving 9-11% growth over the prior year. But there have been some recent signs of weakness. Prices for luxury Swiss watches on the secondary market are near the lowest level seen in almost two years. Americans with a household income of less than $50,000 make up about 27% of regular luxury goods.
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