The recent data coming out of Monterey Car Week indicates a noticeable shift in the classic car market. Auction sales during the event dropped by 3% compared to the previous year, with total sales at the five car auction houses falling to $391.6 million from $403 million. This decline is part of a larger trend,
Wealth
Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world by investing in artificial intelligence companies. With a net worth of $184 billion, Arnault has been exploring the realm of AI through his tech-focused venture firm and family office, Aglaé Ventures. This move showcases Arnault’s forward-thinking approach
The private jet industry is currently experiencing a significant decline, with private jet flights falling by 15% in the first half of the year compared to their peak in 2022. This decline is attributed to a combination of factors, including waning demand and increased competition in the high-end travel market. Despite a temporary spike in