This is the second year in a row that the luxury car market is struggling with demand generation. In 2019, one of the worst years for luxury car sales in India, the combined volumes of five players — Mercedes-Benz, BMW, Jaguar Land Rover, Audi and Volvo — fell to 35,274 units. This was a decline of 13 percent from the 40,340 units clocked in 2018. … [Read more...] about Luxury car sales are in free fall… But exotic ones are still in demand
Comex gold traded moderately lower near $1805/oz after a rally to fresh 2011 highs on July 7, recovery in the US dollar index was weighing on gold prices. However, supporting the price is the increasing concern about virus risks, downbeat growth outlook, choppiness in global equity markets, and ETF inflows. … [Read more...] about Gold price today: Yellow metal retreat from highs; buy on dips for a target of Rs 49,000
Another good space to buy art is the India Art Fair, held every January. From what we hear, there will be an edition, albeit a smaller one, in 2021 and you can browse through works of artists represented by a whole range of art galleries from India and abroad (New York, Paris, Berlin and London galleries often are represented at the fair). The India Art Fair is not as snooty as a high-end gallery, and once word gets around that you have bought a significant piece of art, even the supercilious will begin approaching you themselves. … [Read more...] about Buying art for dummies: Why you should buy, what you should buy and how you should build up your art portfolio to offer you both joy and great returns
Besides fashion, in India, the big rental or pre-owned category is of luxury cars. According to Vinod Kothari, founder of Vinod Kothari Consultants that offers financial consultancy to brands and companies, “Brands such as Volvo and Daimler now allow leasing for three to four years and then agree to take back the asset, charging only about 60-65% of the asset cost over the lease term. In essence, the customer has the exclusive possession and use of the asset for those years, while paying only for a part of the asset cost. If the car is used for business, the rentals are tax-deductible.” … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
According to the video posted on Aprilia’s Facebook page, the bike of course remains the same as what the company has been advertising all this while, but this time, there is a pillion seat as well. It still features the sharp distinctive Aprilia look but even with the clip-on handlebars, the riding position does not look overly committed. … [Read more...] about Aprilia RS660 sportbike to open pre-bookings in October