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The new divorce wars: designer handbags and luxury watches

Rise in value of luxury items means they are being tussled over by estranged couples in court 17 July 2021 • 5:00am The soaring value of luxury items has led to a rise in “handbag divorces”, as estranged couples tussle over designer watches, high heels and expensive road bikes in front of unimpressed judges. Divorcing spouses now argue over clothing and shoes in the same way they have historically done over property, cars and more traditional, larger assets, lawyers have reported. It comes as the courts, which were already close to capacity before the pandemic, manage a backlog which could see couples waiting more than a year for a hearing.

Emma lawlerSellier knightsbridgeAlison fernandesKnight frankMinistry of justiceInstitute of family law arbitratorsHall brown family lawLangleys solicitorsLuxury investmentFamily law arbitratorsஎம்மா சட்டத்தரணிஅலிசன் பெர்னாண்டஸ்நைட் வெளிப்படையானஅமைச்சகம் ஆஃப் நீதிநிறுவனம் ஆஃப் குடும்பம் சட்டம் நடுவர்கள்மண்டபம் பழுப்பு குடும்பம் சட்டம்

Designer bags, fast cars: Grounded richlisters spend big

Designer bags, fast cars: Grounded richlisters spend big
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Designer bags, fast cars: Grounded richlisters spend big

Designer bags, fast cars: Grounded richlisters spend big
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Art, Hermés handbags remain high on shopping list of UHNIs

Art, Hermés handbags remain high on shopping list of UHNIs SECTIONS Last Updated: Mar 01, 2021, 09:22 AM IST Share Agencies Luxury categories remained largely unaffected by the pandemic, as personal safety and long-term security became sought-after commodities for the ultra-wealthy. Related “Covid-19 had a huge impact on the global marketplace for luxury investments in 2020 . Compared to other passion investments, luxury handbags were the best performing asset class,” says Andrew Shirley, editor of The Wealth Report and the Knight Frank Luxury Investment Index. Shirley added, “The ever-increasing category of luxury handbags outperforms art, classic cars and even fine wine to claim number one position in the index.”

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