It's that time of year again -- October -- when we crown another deserving World Champion. I'm speaking, of course, about the just-concluded World DJ Championship, which was contested among turntable wizards from 25 nations and won -- I hardly need to tell you -- by the French spinner LigOne at club KOKO in London.
On the edge of Paris, on a site that once housed a decrepit municipal bowling alley, an opulent new museum is taking shape. Designed by Frank Gehry at a cost of more than $200 million, it is expected to be finished in two years, and will feature a giant auditorium and a permanent collection of modern and contemporary art, including works by Mark Rothko, Francis Bacon, Takashi Murakami, and Damien Hirst.
Luxury these days is a tale of two markets: consumers continue to snap up high-priced Louis Vuitton bags even as they balk at paying full price for Coach handbags. The same can be said of demand for works of art.