Fewer handshakes in the Hamptons and getting drunk in the mansion with you this year

Fewer handshakes in the Hamptons and getting drunk in the mansion with you this year https://www.cnbc.com/2025/05/30/luxury-summer-rentals-hamptons.html

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I think it’s really easy for people to dismiss this as “poor little rich people” but it’s a fascinating leading indicator. Watching Nordstrom get delisted is another. 

@humpty.eth I think you watch the luxury market closely. Any other little data points that are worth paying attention to?

Another luxury market indicator is this https://www.wsj.com/podcasts/the-journal/the-giant-bust-rocking-the-art-market/c0709f9e-0f4c-4171-b404-c0adc8aced48 The Giant Bust Rocking the Art Market - The Journal. - WSJ Podcasts

Pi-chi.eth Artist /animeoutcasts
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That was fanatic!

Loved this quote:

“Luxury markets like the art market can be a powerful economic indicator. In 2008, art collectors were nervous. This flop might be a sign that they're nervous again. A Sotheby's executive made the point that collectors might be concerned about the current political and economic turmoil.”