DIGITAL

The Luxury Automotive Sector Continues to Forge Ahead

by

James Lawson

|

This is the featured image caption
Credit: This is the featured image credit

James Lawson of Ledbury Research investigates the push from luxury automotive brands, from simply selling cars to launching lifestyle extensions

Over the last decade, collaborations between luxury brands and contemporary artists have gone beyond mere artistic partnerships towards a new kind of luxury branding.

PARIS – Art and fashion have always developed side by side, for fashion, like art, often gives visual expression to the cultural zeitgeist. During the 1920s, Salvador Dalí created dresses for Coco Chanel and Elsa Schiapparelli. In the 1930s, Ferragamo’s shoes commissioned designs for advertisements from Futurist painter Lucio Venna, while Gianni Versace commissioned works from artists such as Alighiero Boetti and Roy Lichtenstein for the launch of his collections. Yves Saint Laurent’s vast art collection, recently auctioned at Christie’s in Paris, testified to his great love of art and revealed the influence of a variety of artists on his own designs.

In the 1980s, relationships between luxury brands and artists were advanced when Alain Dominique Perrin created the Fondation Cartier. In the Fondation Cartier pour l’Art Contemporain, a book marking the foundation’s 20th anniversary, Perrin says he makes “a connection between all the different sorts of arts, and luxury goods are a kind of art. Luxury goods are handicrafts of art, applied art.”

The Fondation Cartier pour l’Art Contemparain building in Paris

James Lawson of Ledbury Research investigates the push from luxury automotive brands, from simply selling cars to launching lifestyle extensions

A selection from Bugatti’s lifestyle collection

Following Bentley, Lexus and Lincoln, Bugatti is also taking steps to build a lifestyle around its brand. This comes in the form of a new collection of men’s clothing and accessories. Designed to showcase the company’s values of “art, forme, technique”, all lines of the collection reflect something of the car.

The Ettore Bugatti monogram line translates physical elements of the car’s auto’s designs into fashion. For example, the distinctive centre line on its historic models is expressed in the form of a centre stripe at the back of its cashmere knitwear (Pursuitist).

Its other line, Extreme Performance, uses high-tech and innovative materials to reflect Bugatti’s engineering expertise. And there’s also a bespoke programme exclusively for Bugatti customers, made on request and by appointment only.

“ The Ettore Bugatti monogram line translates physical elements of the car’s auto’s designs into fashion ”

The brand hopes this move will increase its visibility – and no doubt they will achieve this, with plans to build a global network of 35 retail flagships, boutiques and shop-in-shops over the next 5 years. But moving away from one’s core expertise too far too soon can be dangerous.

Using the world’s top-of-the-range materials does not compensate for a brand’s lack of history in a particular area. Indeed, Bugatti is leveraging on the reputation of high-end brands in other sectors to produce watches and accessories. These include watchmaker Parmigiani Fleurier and homeware brand, Lalique.

While these are recognised names, this almost reaffirms the auto brands own limited expertise in those categories. From a luxury standpoint, this is not ideal – it may be better to be an expert in one area and innovate within that, than to expand into unfamiliar territory and be associated with mediocrity.

Aston Martin’s One-77 Cycle, a limited edition road bike

An alternative is to start first with close extensions. Aston Martin’s limited edition road bike, the One-77 Cycle, is a good example. Produced in the same quantity as the One-77 car and featuring the same clean design, this is an extension that customers can easily understand because it uses innovations naturally derived from racing car technology.

The result is an element of trust in the quality of the new product, and ultimately in the brand. At the other end of the scale, Ferrari’s licensing move into apparel has attracted the masses, yet has managed maintain the exclusivity of its brand. This is because it has associated the Ferrari store to its almost separate motorsports brand, rather than the automotive brand itself.

In summary, moving into lifestyle is a prevalent trend amongst prestige brands, and a very rewarding one if executed well. Brands need to plan their route carefully – though the safest way is to expand gradually into areas of similar expertise.

To further investigate the automotive industry on Luxury Society, we invite your to explore the related materials as follows:

Luxury Auto Brands Lead Share of Online Search in Brazil
The Most Luxurious Launches from 2013’s Geneva Motor Show
Western Luxury Brands Celebrate Chinese New Year, Year of the Snake

James Lawson

Director

Bio Not Found

DIGITAL

The Luxury Automotive Sector Continues to Forge Ahead

by

James Lawson

|

This is the featured image caption
Credit : This is the featured image credit

James Lawson of Ledbury Research investigates the push from luxury automotive brands, from simply selling cars to launching lifestyle extensions

Over the last decade, collaborations between luxury brands and contemporary artists have gone beyond mere artistic partnerships towards a new kind of luxury branding.

PARIS – Art and fashion have always developed side by side, for fashion, like art, often gives visual expression to the cultural zeitgeist. During the 1920s, Salvador Dalí created dresses for Coco Chanel and Elsa Schiapparelli. In the 1930s, Ferragamo’s shoes commissioned designs for advertisements from Futurist painter Lucio Venna, while Gianni Versace commissioned works from artists such as Alighiero Boetti and Roy Lichtenstein for the launch of his collections. Yves Saint Laurent’s vast art collection, recently auctioned at Christie’s in Paris, testified to his great love of art and revealed the influence of a variety of artists on his own designs.

In the 1980s, relationships between luxury brands and artists were advanced when Alain Dominique Perrin created the Fondation Cartier. In the Fondation Cartier pour l’Art Contemporain, a book marking the foundation’s 20th anniversary, Perrin says he makes “a connection between all the different sorts of arts, and luxury goods are a kind of art. Luxury goods are handicrafts of art, applied art.”

The Fondation Cartier pour l’Art Contemparain building in Paris

James Lawson of Ledbury Research investigates the push from luxury automotive brands, from simply selling cars to launching lifestyle extensions

A selection from Bugatti’s lifestyle collection

Following Bentley, Lexus and Lincoln, Bugatti is also taking steps to build a lifestyle around its brand. This comes in the form of a new collection of men’s clothing and accessories. Designed to showcase the company’s values of “art, forme, technique”, all lines of the collection reflect something of the car.

The Ettore Bugatti monogram line translates physical elements of the car’s auto’s designs into fashion. For example, the distinctive centre line on its historic models is expressed in the form of a centre stripe at the back of its cashmere knitwear (Pursuitist).

Its other line, Extreme Performance, uses high-tech and innovative materials to reflect Bugatti’s engineering expertise. And there’s also a bespoke programme exclusively for Bugatti customers, made on request and by appointment only.

“ The Ettore Bugatti monogram line translates physical elements of the car’s auto’s designs into fashion ”

The brand hopes this move will increase its visibility – and no doubt they will achieve this, with plans to build a global network of 35 retail flagships, boutiques and shop-in-shops over the next 5 years. But moving away from one’s core expertise too far too soon can be dangerous.

Using the world’s top-of-the-range materials does not compensate for a brand’s lack of history in a particular area. Indeed, Bugatti is leveraging on the reputation of high-end brands in other sectors to produce watches and accessories. These include watchmaker Parmigiani Fleurier and homeware brand, Lalique.

While these are recognised names, this almost reaffirms the auto brands own limited expertise in those categories. From a luxury standpoint, this is not ideal – it may be better to be an expert in one area and innovate within that, than to expand into unfamiliar territory and be associated with mediocrity.

Aston Martin’s One-77 Cycle, a limited edition road bike

An alternative is to start first with close extensions. Aston Martin’s limited edition road bike, the One-77 Cycle, is a good example. Produced in the same quantity as the One-77 car and featuring the same clean design, this is an extension that customers can easily understand because it uses innovations naturally derived from racing car technology.

The result is an element of trust in the quality of the new product, and ultimately in the brand. At the other end of the scale, Ferrari’s licensing move into apparel has attracted the masses, yet has managed maintain the exclusivity of its brand. This is because it has associated the Ferrari store to its almost separate motorsports brand, rather than the automotive brand itself.

In summary, moving into lifestyle is a prevalent trend amongst prestige brands, and a very rewarding one if executed well. Brands need to plan their route carefully – though the safest way is to expand gradually into areas of similar expertise.

To further investigate the automotive industry on Luxury Society, we invite your to explore the related materials as follows:

Luxury Auto Brands Lead Share of Online Search in Brazil
The Most Luxurious Launches from 2013’s Geneva Motor Show
Western Luxury Brands Celebrate Chinese New Year, Year of the Snake

James Lawson

Director

Bio Not Found

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