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The boom for luxury goods is unending. There are people who never have to worry about whether they can afford something they like. In one part of the world or another there will always be someone with money to spend on luxury.
Oct 2, 2025
Luxury goods are the only area in which it is possible to make luxury margins.
Art is not entertainment. Art is not luxury goods. Art is culture. It is you and me.
Of course, most luxury goods in China are for corrupted officials and their relatives. And that made China become the biggest luxury-goods market. In this kind of dictatorship, in this kind of totalitarian society, it is easy to make deals that you cannot make in a democratic society.
We grew up in a very material-lacking socialist society, but today China is a capitalist society. It's very materialistic. It's full of desire and luxury goods.
The event concept was sparked from a shared observation amongst these leading lifestyle brands that the economic rebound has spurred greater liquidity into real estate, the stock market is setting new heights and consumers are generally stepping out more for luxury goods and services. After many years of pulling back, it was fun to see guests flirting with temptation, whether that was a new home, a new car, a new look or just to learn more about the trends. Others were happy to take in all the action.
It is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.
I don't think it ever does any harm in any business to feel that there is someone there who cares about it. If you look at any business, fashion being the most obvious, the aura, or the reality of the designer, is part of what creates it. It's true in luxury goods stores and in good food stores. It leaves a palpable sense that someone cares.
All the auction houses care about is the selling of luxury goods.
I'm suspicious of the idea of architects acting like business executives, brand managers, or purveyors of luxury goods.
I think that gave rise to the type of practice that I - that I do now. I think it was informed by a very Marxist almost "use-value"-driven investigation of painting as agent. These are high-priced luxury goods for wealthy consumers, which are designed to deliver certain communicative effects.
It never really understood its own situational luxury. And I think that by and large the privilege of being Kehinde Wiley in the 21st century, making these high-priced luxury goods, traveling the world, pointing at these people, behooves me to have a point of view and to say something about it.
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