CONSUMERS

What We’ve Read: From Alibaba’s Luxury Marketplace to Shrinking Prices in China

by

Camille Lake

|

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

Luxury Society’s selection of news articles that are not to be missed this week

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

Luxury Society’s selection of news articles that are not to be missed this week

1. What Travel Brands Can Learn From Alibaba’s New Luxury Marketplace

"Despite the popularity and discussion surrounding the Chinese consumer in recent years, it is still a developing market worth watching and studying for nuanced changes and opportunities" – Samantha Shankman.

Read this on Skift.

2. Chinese Luxury Goods Prices Start to Close Gap with Europe

Why are Chinese consumers such a crucial target for luxury brands? They are responsible for about a third of all luxury sales worldwide. And today, luxury spending in China is escalating as prices are shrinking.

Read this on Financial Times

3. The Device That Tells You if Luxury Goods Are Genuine

A New York startup says it has technology that can spot counterfeits without the guesswork. Entrupy enables luxury brand consumers to distinguish genuine products from fake ones.

Read this on Bloomberg.

4. What Content Marketers Can Learn from China’s WeChat

If you haven’t already heard, the unthinkably popular app WeChat dominates life in China. Here's what the app says about the future of content marketing.

Read this on Newscred Insights.

Camille Lake

Writer, Luxury Society

Before joining the editorial team at Luxury Society, Camille worked with a South African magazine, The Month, as well as a Swiss digital publication, Luxuria Lifestyle. She then went on to join the team at a leading business publication in Geneva, Bilan Magazine.

CONSUMERS

What We’ve Read: From Alibaba’s Luxury Marketplace to Shrinking Prices in China

by

Camille Lake

|

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

Luxury Society’s selection of news articles that are not to be missed this week

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

Luxury Society’s selection of news articles that are not to be missed this week

1. What Travel Brands Can Learn From Alibaba’s New Luxury Marketplace

"Despite the popularity and discussion surrounding the Chinese consumer in recent years, it is still a developing market worth watching and studying for nuanced changes and opportunities" – Samantha Shankman.

Read this on Skift.

2. Chinese Luxury Goods Prices Start to Close Gap with Europe

Why are Chinese consumers such a crucial target for luxury brands? They are responsible for about a third of all luxury sales worldwide. And today, luxury spending in China is escalating as prices are shrinking.

Read this on Financial Times

3. The Device That Tells You if Luxury Goods Are Genuine

A New York startup says it has technology that can spot counterfeits without the guesswork. Entrupy enables luxury brand consumers to distinguish genuine products from fake ones.

Read this on Bloomberg.

4. What Content Marketers Can Learn from China’s WeChat

If you haven’t already heard, the unthinkably popular app WeChat dominates life in China. Here's what the app says about the future of content marketing.

Read this on Newscred Insights.

Camille Lake

Writer, Luxury Society

Before joining the editorial team at Luxury Society, Camille worked with a South African magazine, The Month, as well as a Swiss digital publication, Luxuria Lifestyle. She then went on to join the team at a leading business publication in Geneva, Bilan Magazine.

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