Luxury vintage, pre-owned marketplaces and the players that make the rules- whether they adhere to them or not. How do auction houses, certified dealerships and officially recognized entities face grey areas evaluated by that dangerous thing called subjectivity? What dangers do collectors and clients need to watch out for nowadays, following major problems such as well done imitations that have slipped through the cracks even in legitimate institutions?
Let us define different ‘Gentlemen's agreements’ established between the different entities in the market playing field of luxury industries around the world. How are these agreements established and why? Do they differ from culture to culture? We will also address buying behavior: purchasing from certified sources vs grey market and the risks involved, including acquiring forged 'Trojan horses' in reputable establishments. The question of publicly traded vs privately owned also plays a role in luxury marketplace maneuvering in these particular industries with subjective, malleable rules.