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847 Why silent wealth is abandoning these formerly hot luxury markets—and what it tells us about the economy

KillerStartups
Lachlan Brown @ KillerStartups · 04/29/2025 04:54 EDT

Why silent wealth is abandoning these formerly hot luxury markets—and what it tells us about the economy

For more than a decade, ultra-high-net-worth buyers quietly inflated the prices of trophy assets—from glass-box penthouses in Mayfair to ceramic-bezel Daytonas and $50-million Basquiats. But over the past 18 months that “silent wealth” has been slipping out the back door. Prime London sales above £15 million fell 26 % in 2024, wiping a third off ...

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