Luxury brand Chanel has paid a record sum to secure Bond Street premises for a UK flagship store in a building opposite the new Louis Vuitton flagship store. Chanel will pay more than Â£4m in cash to cover the cost of leaving to the present occupier, Nicole Farhi, and as a result of competition for [...]
A luxury car valued at Â£1.2m was clamped outside Harrods in central London after being illegally parked. The Koenigsegg CCXR and a Â£350,000 Lamborghini Murcielago LP670-4 SuperVeloce were both clamped on the afternoon of 22 July. Kensington and Chelsea Council said the light-blue vehicles were in serious contravention of parking rules.
A self-portrait by Edouard Manet sold for 22.4 million pounds ($33 million) at Sotheby’s in London on Tuesday. It was the highest price paid for a picture by Manet. The previous record for a Manet was 16 million pounds at a sale in New York in 1989. The oil on canvas work is in somber [...]
New York City’s famed 5th Avenue is no longer the most expensive street to lease a retail store According to a new report from Colliers International. The average annual rent on Manhattanâ€™s luxury shopping destination fell 10.7 percent from a year earlier to $1,250 a square foot as of March. In first place now is [...]
A rundown garage block in London has been placed on the market for Â£1.25 million, in what is believed to be Britain’s most expensive lock-up. The 224 sqm garages, on Elsworthy Road, have same asking price as a ï¬ve-bed-room detached house currently on the market in Wilmslow, Cheshire. The estate agent, Knight Frank, said the [...]
A painting of water lilies by French impressionist Claude Monet is expected to fetch up to 40 million pounds when it is auctioned off in London. The painting, will star among dozens of modern masterpieces this month in what is being billed as the most valuable art auction ever held in the city. Painted in [...]