New Money

Much has been written recently about the Chinese appetite for luxury brands and Reuters reports that a Chinese artist spent 23,000 euros (S$46,500) in a 15 minute shopping spree in Paris Duty Free on Tuesday. In his basket was a bottle of 1945 Chateau Mouton Rothschild (13,800 euros – that’s about 200 euros a sip), a 100 year old bottle of Armagnac, and a 200 year old bottle of Cognac (a snip at 5,000 euros). Certainly puts my bottle of Tanqueray and 3 cans of Stella into perspective…