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Archive for February, 2009

Feb 25 2009

The Future of the Millionaire Fair

Published by fascinatedbyluxury under luxury Edit This

Russia’s Millionaire Fair is a glamorous extravaganza of designer clothes, luxury yachts, expensive cars, and stunning jewelry.  It can also be tacky with naked models painted in gold and billionaires shamelessly flaunting their money. According to one article: “There was even a live tiger on a lead near the stand filled with gold suitcases.”

The December fair lost some of its lustre.  Ksenia Sobchak, the master of ceremonies, told attendees that they were ’superheroes’ for coming and basking in the luxury.  Money was not flowing the way that it used to at the fair.  Premier Yachts had a tough time selling 18 metre yachts even though they were including free 10 metre ones!  Many of the people at the fair were journalists, instead of millionaires.

The global economic crisis has hit Russia hard and many of its wealthy are losing lots of money. 

The next fair will be in Amsterdam.  Many protestors are expected, including anarchists and socialists, shocked at the conspicuous display of wealth shown at the Millionare’s Fair.

One wonders what the future of the fair will be as most of the world enters into recession.

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