Quotabull

Today, a megayacht is indispensable. It’s not like 15 years ago, when a yacht was a luxury item.

— Olivier Milliex, head of yacht finance at the Dutch bank ING, on the occasion of this year’s Monaco yacht show.

At the moment, there is a definite war being waged in fashion, a move by a handful of designers, including Nicolas Ghesquiere, Alber Elbaz and Raf Simons, to build a modernist defense against standard-issue blue-chip luxury and the value it represents.

— from an Oct. 3 New York Times fashion review by Cathy Horyn.

She owns a house in Palm Beach. A villa in St. Bart’s. A condo in Sun Valley. And yet a piece of her still lives on a cul-de-sac in Ohio.

— text of a Bank of America ad that’s part of a $25 million campaign (themes: “the new face of wealth” and “wealth management for today’s wealth”) to transform its mass-market, blue-collar, populist image to one with “wealth management” capabilities for elite investors.

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