The latest Vogue Business Newsletter explains why brands are burning experimental NFTs

Vogue Business discusses a new (digital) way for brands to manipulate prices, leveraging scarcity, with examples of different fashion and beauty brands: “a key feature of blockchains and NFTs is that they can't be changed, replicated or deleted, allowing for authenticity, ownership and scarcity. So, what happens if a luxury brand — many of whom are now experimenting with NFTs — wants to change or eliminate an NFT they’ve put on the market? They can burn it.” (full article available online upon subscription)

Stories

Saudi Arabia, a land of new balances

Saudi Arabia is the largest FF&E (Furniture, Fixture and Equipment) market in the MENA (Middle East and North Africa) region. In 2024, it reached a value of $7.2 billion, fueled by economic diversification, rapid population expansion and reforms of the Saudi Vision 2030 strategic program.

Serena Scarpello

Exhibitions

Introducing “Salone Raritas”: the new Salone del Mobile.Milano exhibition space dedicated to limited edition design and high-end creative manufacturing

Salone Raritas will make its debut at the 64th edition of the trade fair. Curated icons, unique objects, and outsider pieces: the first direct interface between the world of special edition design, antiques and high-end craftsmanship and the professional design market professional design market (architects, interior designers, contractors, developers, dealers, etc). Leading galleries and an international audience will come together on a platform driven by a strong curatorial vision, designed to foster long-term relationships and generate business opportunities.

Markets

The boom of contract furniture in India: new opportunities and great returns

With branded residences, luxury hotels and commercial spaces, India offers strategic opportunities for Italian furniture companies, spanning hospitality, upmarket residential units and next-generation offices