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Hot Topic Rich List
General Business
1 mins to read

Luxury assets miss out on 2019 financial boom

Affluent Chinese spurned luxury goods in the past year.

Nevil Gibson Fri, 03 Jan 2020

When stocks and bonds do well, the rich usually feel richer, driving sales of luxury assets such as wine, diamonds and fancy cars. That wasn’t the case in 2019, experts say. 

The market for luxury assets was subdued last year, despite a record year in financial markets. Driving the decline

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Nevil Gibson Fri, 03 Jan 2020
Contact the Writer: ngibson@nbr.co.nz
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Luxury assets miss out on 2019 financial boom
General Business,
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