Daily LInks
1. Why the pre-owned luxury watch market is thriving. “Prices are increasing — especially when you look at prices in the primary market, and the price level of the primary market is one of the key driving forces of the prices of the secondary market. We expect in the long term the secondary prices to remain stable — and go up again.” – Read More on CNN
2. Consumer interest in luxury goods rising. 15% of Americans purchased luxury goods in the last 12 months, up from 9% in 2021, according to YouGov’s report, “The US Luxury Boom 2024.” – Read More on Chain Store Age
3. Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship. The fashion label, known for its haute couture designs and fragrances, takes account of inflation and its high standards for materials and craftsmanship in setting prices. – Read More on Bloomberg
4. Drake threatened with lawsuit over diss track featuring AI Tupac. Tupac’s legal team is ready to take Drake to court over the release of “Taylor Made,” Drake’s recently released song featuring the AI-generated voices of Shakur and Snoop Dogg. – Read More on the Verge
5. RELATED READ: With the Rise of GenAI, a Federal Right of Publicity is Taking Center Stage. As deepfakes, fake-swapping apps, and AI-powered avatars start to become more prominent, one recurring issue centers on how individuals can protect their likenesses from being used without their authorization. – Read More on TFL
6. Hermes quarterly sales jump 17% on strong China demand. “Our more well-off clients continued to visit our stores [in China],” said du Halgouet. Globally, the leather goods division, the company’s largest, grew by 20% in the quarter, driven by new models such as the Constance Elan bag. – Read More on Yahoo
