Luxury News Weekly Podcast Episode 7

This week we bring you Episode 7 of Luxury News Weekly Podcast.
To discuss any interesting luxury news you may have or to leave a comment contact me at elizabeth@luxurybusinessemporium.com


Elizabeth Solaru

Elizabeth Solaru

Simba Wakatama

Simba Wakatama

Listen to the podcast here


Pokemon celebrates 25th anniversary with Baccarat Pikachu

The Pokemon Company has teamed up to turn fan-favourite Pikachu into an 11.8 inch crystal collectible. As part of the Baccarat x Pokemon collection, Japanese artist Hiroshi Fujiwara has taken a crack at the world’s most famous electric mouse and given it “imposing dimensions”. Clocking in at £19,500/ $25,000, there are only 25 copies of this statue available, and it weighs 8.3 kg as well.

Pikachu has been transformed into an exceptional object for collectors. With its imposing dimensions, Pikachu Fragment symbolizes the unique know-how of Baccarat artisans. Multi-faceted and engraved with the “Electric” logo, Pikachu radiates more than ever to salute this very special year with brilliance. We love this stunning collaboration and for those looking for something less pricey, there is also a crystal Poke Ball paperweight.

Gucci Spring 2022 collection launch

To celebrate 100 years, Gucci headed to Los Angeles and blocked out all of Hollywood Boulevard to put on its anticipated Love Parade show. There were lights, cameras, action and celebrities such as Billie Eilish, Awkwafina, Gwyneth Paltrow (in her iconic red velvet suit!), James Corden, Paul Mescal. The runway also featured celebrities too including Jared Leto, Macaulay Culkin, Phoebe Bridgers, St. Vincent, and Steve Lacey.

As for the clothing, Alessandro Michele debuted a collection that exuded sexy ’70s-inspired suits, Hollywood Glamour gowns, a nod to Americana through various cowboy hats. On the whole, the show featured everything plus the kitchen sink and on the whole we ‘got it’ but the accessories were the real stars of the runway.

Steven Spielberg sells his superyacht

World-famous director, Steven Spielberg sold his epic 282-footer last week to an unknown buyer, according to Merle Wood & Associates. Although the brokerage firm did not specificity the amount paid, the vessel, now known as Man of Steel, was listed earlier this year for $160 million.

The blockbuster yacht, built by noted shipyard Oceanco to Spielberg’s exact specifications, first hit the seas back in 2010. The Academy Award winner, who has a net worth of $3.7 billion, spared no expense when designing his dream machine, and this is the first time it has been offered for sale.

We absolutely love the interior and the amenities are simply wolrd class especially the cinema room We hope to broadcast future episodes of LNW aboard a yacht someday!

Activist investor Third Point buys stake in Cartier owner Richemont

Activist hedge fund Third Point has built a stake in Swiss luxury brands group Richemont, it was reported on Monday, in a bid to pressure the Zurich and Johannesburg-traded company into turning around its performance. New York-based Third Point Management, alongside Artisan Partners which has a 1.2% stake in the owner of Cartier, Dunhill and Montblanc, were behind the move.

It was reported that Third Point and Artisan were looking to put pressure on Richemont, controlled by South African billionaire Johann Rupert, to improve its financial performance, even though its shares had risen more than 50% so far this year.

Although Johann owns only 9.1% of the capital of Richemont, he controls 50% of the voting rights under a dual class share structure. This is possibly one of the most important stories of the year, so please watch this space as we continue to bring you updates.

Most expensive Omega watch sold for $3.4million

A Speedmaster Ref. 2915-1 sold for $3.4 million at Phillips’s Geneva Watch Auction XIV, setting a new record for the most expensive Omega watch ever sold. The gavel price not only smashed the previous high mark for an Omega timepiece, it was also over 25 times the watch’s high estimate.

The new record holder dates back to 1957, the same year the Speedmaster was introduced as part of a trio of professional timepieces that included the Seamaster 300 and Railmaster. It’s the first generation of the watch that’s widely considered Omega’s most historically important model, so the Ref. 2915 is viewed as a “grail” for collectors. The reference was made for two years and this example is from the first of three iterations released during that time.

Omega has historically been very much under rated and the resurgence of popularity in recent times in the Far East could be due to the fact that Chairman Mao wore the brand.

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