Abandoned luxury cars become a big problem in Dubai

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Thousands of luxury cars are being abandoned every year since Dubai’s financial meltdown.

Dubai over the last several years has been facing an unusual problem of high end sports cars being abandoned and left to gather thick layers of dust at airport parking lots and on the roadside across the city. If you’ve ever been to Dubai or anywhere in the United Arab Emirates, you will have noticed they have a serious car culture out there, with a particular preference for the latest and greatest in high-end super cars. (Pics)

 

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Global luxury goods ecommerce market rises by 25%

Luxury goods ecommerce soars.

The worldwide appetite for luxury goods doesn’t seem to have been slowed down by concerns about the state of the global economy, according to research released by business consulting firm Bain & Company in October 2012. In fact, total demand for luxury goods has remained very strong, with worldwide revenues estimated to have grown 10% in 2012.

 

 

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More travelers splurging on luxury in the sky

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More travelers are splurging in the air and scrimping on the ground.

A new study by American Express Business Insights finds that spending on first- and business-class airline tickets increased by 9.1% and 5.4%, respectively, in the third quarter. But on the ground, travelers spent more of their dollars — an additional 10.5% — on economy lodging vs. only 2.2% more on luxury hotel accommodations in that time.

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Marchi Mobile’s futuristic RV is available in the present

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The eleMMent

If you are in the market for a futuristic and slightly bizarre motor home it’s check out the eleMMent.  You’ll be the envy of the trailer park when you pull up in this 500 horsepower, 40-foot long monstrosity, which features a fireplace, a pop-up sky lounge with fog machine, and paint that glows in the dark. (Pics)

 

 

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Men who flaunt their luxury possessions are not the ‘marrying kind’

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These men are driven by their desire to have uncommitted romantic flings.

Men who drive expensive cars or who flaunt their flashy possessions are driven by their desire to have uncommitted romantic flings according to researchers from Rice University, the University of Texas-San Antonio and the University of Minnesota.  Although it may catch a woman’s attention she won’t be marrying him any time soon.

 

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Gas Prices Widening Gap Between Wealthy and Everyone Else

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The rich are back to pre-recession-style splurging.

A wider wedge is being driven between the wealthy and everybody else due to high gas prices.  The rich are back to pre-recession-style splurging: Saks Fifth Avenue and Nordstrom customers are treating themselves to luxury items like $5,000 Hermes handbags and $700 Jimmy Choo shoes, and they’re paying full price.

 

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Luxury Buying on the Rise Among High Income Households as Unemployed Not Spending

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Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing.

Consumers are buying more luxury items but spending remains tight for everyday essentials such as food and dental care, a USA Today analysis finds, suggesting a growing divide between haves and have-nots.Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing robustly, government data show. At the same time, spending on medical care, day care and education is down in the dumps.

 

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Shifting Trend in Luxury Purchases – Buying Top Technology and Investing in a Lifestyle Experience

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The new luxury is about investing in a lifestyle experience that not only can help improve health but also escalate the experience of such mundane acts as baking a pizza at home.

Steve Hundley dumped his Jaguar convertible. He stopped taking Baltic cruises. And he stopped buying his wife pricey jewelry.  But last year, just as the recession raised its head, the San Diego resident paid $6,500 for an outdoor artisan pizza oven.  “We don’t need the Jaguar or cruises to the Baltic,” says Hundley, who at 56, is semiretired following a heart attack two years ago. “But cooking healthy food is a big priority.”

 

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Boom in Luxury Cars Sales Driven by the Super-Rich in China

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A BMW Vision Concept car at the Beijing Auto Show in Beijing, China.

It is difficult to take your eyes off an £800,000 automobile, which perhaps explains why the Rolls-Royce Phantom at this week’s Beijing Auto Show was that rare thing, a car attracting more avid attention than the skimpily-clad models preening over the bonnets of lesser brands.  “We sold that car this morning,” Rolls-Royce’s new German chief executive, Torsten Muller-Otvos observed casually. “I can’t say who bought it, but a client known to our Beijing dealership will take it after the show.”

 

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Demand for Luxury Hotels Rise as Rates Fall

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Luxury hotel suite in Hawaii

Luxury hotels are showing some signs of life, but they’re coming at a hefty price.

As of early March, the battered sector is reporting 7.2% more bookings for the upcoming second quarter in the top 25 markets vs. the April-June period in 2008, according to travel market research firm Rubicon. But rooms at Ritz-Carlton, Fairmont and Four Seasons are also dramatically cheaper. The luxury average daily rate is down 22% to $312 from $399 two years ago, Rubicon says.

 

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‘First’ – British Airways Creates New Luxurious First Class Cabin

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British Airways First

British Airways is showing off their new first class cabin. Simply named First, the new cabin includes a personal wardrobe, a bed which is almost half again as wide as the previous one, leather-bound writing table and personal electronic blinds and is being installed on a B777 which flies from London Heathrow to Chicago O’ Hare. Seats are 60 percent wider at the shoulder and the lighting system is designed to recreate the subtlety of natural light throughout the day to help you feel more relaxed.

 

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Flying To New York? Then Why Not Change Pace And Go By Luxury Airship?

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At home in the clouds: In this image two of the airships are tethered above Hong Kong. Its developers believe the craft will offer luxury transport which focuses on comfort over speed

Towering, kite-shaped airships could herald a new era of luxury transport following today’s introduction of the Aircruise concept.
Standing 98ft taller than Canary Wharf, packing 330,000 cubic metres of hydrogen gas and capable of lifting 396 tonnes, the Aircruise concept features penthouse apartments, bars and even dizzying glass viewing floors.

Aircruise was created as the antithesis of a hurried, crowded passenger jet. London-based design and innovation company Seymourpowell wanted to rethink transport – on the premise ‘slow is the new fast’. It could ferry 100 people from London to New York in a leisurely 37 hours as opposed to the seven it takes now by airplane.

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