11 Must Have Holiday Gifts For The 0.1%
Autor: The Real Signs of Time | Publicado: 2011-11-21T13:06:00-08:00

   11 Must Have Holiday Gifts For The 0.1%              Login With Facebook  |  Login With Twitter  |  Login | Register         The Life Contributors     Home Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics EuropeData Misc. Your Money Video Latest Your News   The Life Home  Destinations   Toys   Real Estate   Culture  Travel The Life 50  HiveTapePRContributors     DocumentsJobs           Follow us on Facebook and get updates from The Life Contributors posted directly to your news feed             11 Must Have Holiday Gifts For The 0.1%     1/12                                                             Tags:  24/7 Wall St., Holiday Shopping, Holidays, Shopping, Features | Get Alerts for these topics »        Short URL      Share:    Twitter   Facebook   Buzz   Digg   StumbleUpon   Reddit   LinkedIn   Email More about embedding posts » Embed   More about Alerts » Alerts   Newsletter         See Also: All These Famous Fashion Houses Have Designed Bottles For BoozeThese Celebrities Did An Awesome Job Renovating Their New York City Apartments6 Hot Trends That Will Spice Up Thanksgiving Tables This Year      Advertisement    Enter you email address and zip code to set up customized email alerts. Email  Zip          From To  Email Sent!You have successfully emailed the post.11 Must Have Holiday Gifts For The 0.1%24/7 Wall St.   |  Nov. 21, 2011, 2:01 PM  |  4,169  |       A A A       24/7 Wall St.     URL     24/7 Wall St. provides insightful analysis and commentary for U.S. and global equity investors. Recent PostsUS Sales Have Plunged In Recent Years For These Major SodasThe 10 States That Are Doing Most To Spread The Wealth11 Foods Making Thanksgiving Cost More This Year          Probing for Value in Big Pharmaceutical Stocks (JNJ, PFE, AZN, BMY, MRK) Full 360-Degree H-P Earnings Preview (HPQ, DELL, CSCO, AAPL, IBM) Tech Wholesalers’ Growth Plans Could be Stymied (TECD, IM, SNX, ARW, AVT)  America’s rich like to spend money. In fact, the top 10% are responsible for half of all consumer spending in the U.S., according to the Wall Street Journal. And this holiday season, they are projected to spend even more than usual. Of course, the wealthy do not spend their money at Walmart but buy the luxury items through specialized channels. 24/7 Wall St. looked at some of the most expensive holiday gifts the wealthy buy one another.According to the American Affluence Research Center, the rich will increase their spending this holiday season even more than they usually do. They will spend $23.5 billion on holiday gifts, an increase of 2.3% compared to last year. Spending among the average consumer, on the other hand, is expected to decrease.The rich do not spend their money at the same places as the average consumers. Luxury gifts do not come from Target. They are purchased directly from top tier companies and are often available only in select cities. A Franck Muller Aeternitas Mega Grande Complications watch, for instance, is available only by special-order and only in New York or Geneva. Similarly, many high-end collections from designers such as Stefano Ricci are only available in a small number of stores in major cities, such as New York and Beverly Hills. This is doubly the case for airplanes, yachts and luxury automobiles.One reason luxurious goods are so expensive is because they are less common. Only a few hundred luxurious sports cars, for example, are made for many models. Many of the finest cigars, wines and scotches are also produced in limited quantities. This rarity shortens supply, drives demand and ensures that the products are available only to a certain class of people.To compile this list of the eleven holiday gifts Americans cannot afford, 24/7 Wall St. looked through the recommendations of Robb Report magazine, the self-ascribed “definitive authority on connoisseurship for ultra-affluent consumers,” and chose one of the most expensive items in eleven categories. We then looked at what it is that makes each item luxurious.Click here to see the pricey gifts >This post originally appeared on 24/7 Wall St.View As One PagePlease follow The Life on Twitter and Facebook.   Tags:  24/7 Wall St., Holiday Shopping, Holidays, Shopping, Features | Get Alerts for these topics »  Advertisement:   Short URL      Share:    Twitter   Facebook   Buzz   Digg   StumbleUpon   Reddit   LinkedIn   Email More about embedding posts » Embed   More about Alerts » Alerts   Newsletter  xTo embed this post, copy the code below and paste into your website or blog.600px wide (preview)400px wide (preview) 300px wide (preview)      Join the discussion with Business InsiderLogin With FacebookLogin With TwitterName (Required)Email Address (Required but never displayed)URLComments (You may use HTML tags for style) Join the discussion with your Facebook Login    Send Us A Tip!Get Business Insider Emails & Alerts Learn More »Customized instant email alerts(sample)Business Insider Select(sample)SAI Select(sample)The Wire Select(sample)Clusterstock Select(sample)Money Game Select(sample)War Room Select(sample)Sports Page Select(sample)Politix Select(sample)The Life Select(sample)Tools Select(sample)Europe Select(sample)Your Money Select(sample)SAI Chart Of The Day(sample)Money Game Chart Of The Day(sample)Sports Page Chart Of The Day(sample)10 Things In Tech You Need To Know(sample)10 Things Before the Opening Bell(sample)Politics in 60 Seconds(sample)Instant MBA(sample)Marketing Mondays(sample)Closing Bell(sample)Apple Investor(sample)Google Investor(sample)Microsoft Investor(sample)Breaking News Alerts(sample)BI Research(sample) Advertisement Your Money  NASDAQ Composite 2,519 -16.61 (-0.655%)  S&P 500 1,191 -24.2 (-1.991%)  NYSE Composite 7,121 -161.54 (-2.218%) Active Users on BI right now...Click for more live stats » Watch What Matters NowCONGRESS INSIDER TRADING EXPERT: Rep. Bachus's Denials Are A Joke DOUBLE STANDARD: Congress Can Legally Trade On Insider Information While Wall Streeters Go To JailJOHN MAULDIN: Here's How We Should Cut Spending To Get The Economy Back On TrackWhy Evicting OWS From Zuccotti Park Is ReasonableBONUS: Apple Is Probably Building A Competitor To Google MapsBONUS: How Every Lazy, Hungry Person's Favorite Site Came To Be And Where It's Headed        Jobs   Find Your Next Great Job Here Go »    Startup Document Center  Templates To Jump Start Your Business      Business Plan Exec Summary      SampleBy-Laws      FinancialModel     See All »   Read MeJay McInerney|The Taste of a Hundred Year Old Champagne  This bubbly is older than your parents.Ravi Somaiya|A Marc Jacobs Collection Goes Missing  Jaunted|Delta's Holiday Gift To You: They Will Now Check Your Christmas Tree As Baggage  Luxpresso|Good News, Guys: Now You Can Own A Pair Of Louboutins Too  CityRoom|You'll Be Enchanted By This Go-To Resort For Corporate Retreats  Christopher Parr|Luxury Marketer and Blogger Named One Of The “Top 6 Coolest Guys in Fashion”Christopher Parr|Mashable Continues to Implodes, Fires Ben ParrYash Desai|Worlds Largest Quran has a 120 Kilo Gold and Silver CoverChristopher Parr|Arrested Development Returning on NetflixChristopher Parr|The Best Family-Friendly Luxury HotelsChristopher Parr|Some Lucky Disney Fan Is Going To Get To Live In The House From 'Up'Christopher Parr|Champagne Marilyn Monroe Premier Cru Brut UnveiledMore »Most Read Read  Commented  Recommended      FROM GEEK TO CHIC: New York's Top VCs And Entrepreneurs Turn Into Supermodels 146,600 Views    PICTURES: See Exactly What Happened At The Pivotal UC Davis Confrontation 107,924 Views    What Microsoft, Oracle, IBM, And SAP Don't Tell Customers 78,990 Views    Amazing Pictures Of Washington D.C. In The Early 1900s 65,209 Views    Here Are The Best iPhone And iPad Apps You Missed This Week 59,822 Views         Police Pepper-Spray Seated Protesters At UC Davis [VIDEO] 287 Comments      Here's The Stunning Video Of NASCAR Fans Booing Michelle Obama 138 Comments      PICTURES: See Exactly What Happened At The Pivotal UC Davis Confrontation 136 Comments      Tampa Police Roll Out A TANK To Deal With A Few Dozen Protesters 131 Comments      Bloomberg: Al-Qaeda Sympathizer Arrested After Building Bomb 116 Comments       Loading, please wait...   powered by See more » AdvertisementThanks to our partners              A-Z Index Companies Authors Tags LatestContributorsVideo  Tools Job Listings Document Center      Lists & Rankings Digital 100 Silicon Alley 100 Silicon Valley 100 Clusterstock 50The Life 50 America's Best Colleges Best Business Schools Sexiest CEOsMore    Your Account Register Change Your Email  Preferences        About BI About Jobs at BI Masthead Contact Advertise  Mobile    Follow BI Email Newsletters Alerts RSS  Twitter LinkedIn Facebook      Verticals Tech Entertainment Wall Street Markets StrategySportsLifestyleToolsPoliticsEuropeData CenterMisc.Your MoneyVideoLatestPR        * Copyright © 2011 Business Insider, Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Serviceand Privacy Policy.| Disclaimer   Powered by MongoDB | Hosted by Datapipe | Web analytics by Empirical Path| Stock quotes by YCharts    View the original article here