Audrey Hepburn

And so yet more proof lands in the in-box that people are still buying luxury – and this time I’m not talking about the products. I’m talking about stocks. Hot on the heels of the revelation that Qatar’s sovereign wealth fund has bought a 5% stake in jeweler Tiffany comes the news that luggage maker Tumi’s value was up by over 50% after their IPO yesterday raised $338 million.

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The news that the dress Amy Winehouse wore on the cover of “Back to Black” just sold for an unexpected £43,200 (four times its estimate) is interesting. Not just because it’s a lot of money for a generally unremarkable, non-provenance, frock, but because of who bought it and what that signifies: Fundacion Museo De La Moda in Chile. Either Ms Winehouse enjoyed a surprisingly amount of popularity in that country, or there’s a new way of valuing fashion in the offing.

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