Tag Archives: Mayfair Economy

Half of All Homes Are Being Purchased With Cash

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“More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to a Goldman Sachs analysis. The analysis estimates that around 20% of all homes sold before the housing crash were ‘all-cash’ sales (or around 30% of sales by dollar volume). But over the past seven years, the all-cash share of sales has more than doubled. There’s no exact way to know who is responsible for all of these cash purchases, though they are likely to include some combination of investors, foreign buyers, and wealthy homeowners that don’t want to go through the hassle of getting a mortgage before closing on a sale.”

http://blogs.wsj.com/developments/2013/08/15/report-half-of-all-homes-are-being-purchased-with-cash/

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Saudi prince reserves portions of Disneyland Paris for $19.5 million

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“A Saudi prince spent 15 million euros ($19.5 million) for three days of fun at Disneyland near Paris to celebrate his degree, the group that runs the theme park said Monday. Prince Fahd al-Saud booked entire areas of the park over May 22 to 24 for his 60-odd guests. The festivities included tailor-made events involving ‘rare Disney characters,’ Euro Disney told AFP. Special security was put in place for the prince, one of the park’s top customers, it added. The theme park attracted 16 million visitors last year but Euro Disney has not made any profits since it was set up 20 years ago.”

http://www.rawstory.com/rs/2013/06/03/saudi-prince-reserves-portions-of-disneyland-paris-for-19-5-million/

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Is this one of the world’s most expensive suits, at HK$1 million?

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“A tailor in Hong Kong has produced what he claims to be one of the world’s most expensive suits. With 22-carat gold stitching, a gold waistcoat and diamond-encrusted gold buttons, the one-off was sold on May 29 for HK$1 million (US$129,000). It took Apsley Tailors 200 hours to make the suit from the finest wool, with gold woven into the fabric. Apsley Tailors is based at Punjab House in Tsim Sha Tsui. It is famous for its bespoke suits. Established in 1889, it became the go-to tailors for the British forces stationed in Hong Kong, making officers’ uniforms as well as civilian attire.”

http://www.scmp.com/news/hong-kong/article/1259005/one-worlds-most-expensive-suits-its-snip-hk1-million

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Golden threads for the undie drawers of the wealthy

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“Hertli, the chief executive of Rococo Dessous, discovered the missing sparkle while a consultant in oil-rich Qatar. Speaking to private banking clients there, he realized wealthy people’s love of all things gold was going unfulfilled in the under-there department. After moving to the U.S. and enrolling in Columbia Business School, he teamed up with former Victoria’s Secret designer Breanna Lee to launch the first fashion line using gold thread sourced from Switzerland, according to the company. ‘The materials are surprising soft and durable,’ Lee wrote in an email.”

http://www.nbcnews.com/business/golden-threads-undie-drawers-wealthy-6C10853223

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Most Americans fear anti-aging technology is luxury for the rich

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“Most Americans do not want to live beyond age 100, and a poll out Tuesday suggests many worry that anti-aging technologies may end up being a luxury for the rich. A majority of US adults (56 percent) said they would not ‘choose to undergo medical treatments to slow the aging process and live to be 120 or more,’ said the Pew report. The median, or midpoint, for ideal lifespan was 90, or about 11 years longer than the current US average. Asked whether current medical treatments are worth the costs, 54 percent agreed and 41 percent disagreed on grounds that modern medical advances ‘often create as many problems as they solve.'”

http://www.rawstory.com/rs/2013/08/06/most-americans-fear-anti-aging-technology-is-luxury-for-the-rich-survey/

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Amazon launches online art gallery

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“The 19-year online retail juggernaut, which began as a bookseller but now does everything from groceries to patio furniture, launched ‘Amazon Art’ to market works from galleries in Miami, San Francisco, New York and other US cities. The site showcases more than 40,000 works from over 150 galleries and dealers that run the gamut as far as subject, genre and period are concerned. Works range from modest canvasses like a $44 cat portrait to Norman Rockwell’s ‘Willie Gillis: Package from Home,’ which retails for $4.85 million.  ‘From gallery walls to your walls,’ boasts the site, which enables users to quickly click through works by period and genre.”

http://www.rawstory.com/rs/2013/08/06/amazon-launches-online-art-gallery/

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It looks like the inside of a private jet but this is actually the inside of a humble Mercedes van

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“A luxury car customising company has unveiled its latest creation – a van which has been turned into a five-star hotel-style suite. Lexani Motorcars has created the Reale which is an armoured Mercedes-Benz B6 Sprinter.  The company based in Corona, California, calls it the ‘ultimate’ in personal security. The stunning inside area is dripping in the finest fixtures and fittings to make it the ultimate mobile home from home.  It is lined with Alcantara suede and features handcrafted fine leather seats, a galley kitchen, luxury lavatory with ceramic toilet and gold-plated sink, marble floors, and even a hidden coat rack.”

http://www.dailymail.co.uk/news/article-2383582/That-s-suite-ride-Back-van-transformed-resemble-luxury-hotel-room-fitted-TVs-leather-chairs-gold-plated-sink-MARBLE-floor.html

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BMW takes ‘great leap forward’ into electric car market

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“BMW on Monday took the bold strategic step of revealing its first all-electric car, and said it plans to clinch a significant share of a market still in its infancy.  The series-produced model will go on sale in Europe in November to be followed in the United States, China, Japan and several other markets in the first half of 2014. It will hit the German market at a price of 34,950 euros ($46,438) and has a range of 130 to 160 kilometres (about 80 to 100 miles).  The Munich-based company trumpeted technological features of the model, which can seat four, including a carbon fibre passenger cell to help offset the weight of the batteries and an aluminium chassis.”

http://www.rawstory.com/rs/2013/07/29/bmw-takes-great-leap-forward-into-electric-car-market/

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New York offers latest luxury: Five-star ‘outdoor bedroom’ atop skyscraper

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“In the concrete jungle of New York City, where open sky can be hard to find, the latest luxury offering is a night under the stars — or, under twinkling city lights, at least. For the not-so-insignificant price of $1,995 (1,500 euros) a night, the AKA Central Park promises a five star ‘outdoor bedroom,’ 17 floors up, complete with a queen-size bed, candle-lit dinner, fireplace, romantic snacks, and a giant telescope to admire the stars in the city that never sleeps. To the strains of live jazz guitar, Brazilians, Australians, Emiratis, and even New Yorkers spend the night doing what travel agents call urban ‘glamping’ — short for ‘glamorous camping.'”

http://www.rawstory.com/rs/2013/07/29/new-york-offers-latest-luxury-five-star-outdoor-bedroom-atop-skyscraper/

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