Luxury is “the opposite of vulgarity” said Coco Chanel. It is also in many ways the opposite of poverty. As people in developed countries – and increasing number in developing countries – grow more affluent, luxury defines what their wealth can be spent on once theirbasic needs are assuaged.
In a positive sense, this is about sensory refinement and human taste at its most discerning. Sensory Indulgence is in fact one of my chosen themes of the Zeitgeist 2011. However it can sometimes be a simple expression of an excess of money.