What is the New Luxury?

I was recently involved in a LinkedIn group discussion on what constitutes “new” luxury. Here’s my “sound bite” on the subject – and feel free to chime in if you agree or disagree:

“New luxury is about authenticity and provenance, conscientious consumption, value, and memorable experiences, plus elements of  ‘old’ luxury, such as quality and exclusivity.”

~Karen Weiner Escalera