New York Times: Here’s How Bored Rich People Are Spending Their Extra Cash

New York Times: Here’s How Bored Rich People Are Spending Their Extra Cash. “Rather than elbowing past each other for reservations at the latest restaurants from Marcus Samuelsson and Jean-Georges Vongerichten, or getting into bidding wars for apartments at 740 Park Avenue, they are one-upping each other in online auctions for jewelry, watches, furniture, sports cards, vintage cars, limited-edition Nikes and crypto art. Bread lines grew longer, Birkin bags got hotter. A number of retailers were reticent to speak about the trend, stating that they did not wish to be on the record talking about nearly sold out $90,000 earrings during a time of growing wealth inequality.”

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