Luxury Archives -
Mercedes-Benz is expanding a pilot subscription service that lets users switch between different luxury models to a third U.S. city a year after launching in Nashville and Philadelphia.
The pilot is another example of how automakers are experimenting — with mixed levels of success — with different ways to make money beyond producing and selling cars, trucks and SUVs. Cadillac, Volvo, Porsche and Audi have also launched subscription plans. Cadillac shuttered its service after a year; it’s recently announced plans to re-launch the service, but this time involving dealers more.
The luxury automaker, which is owned by Daimler, plans to bring its so-called “Mercedes-Benz Collection” to Atlanta, the same city where its U.S. headquarters are located. Clutch Technologies will continue to operate the subscription platform. That’s the same city where Porsche initially launched its subscription service.
Mercedes also plans to test a new subscription tier in Atlanta that will consist exclusively of the company’s high-performance AMG models.
The decision to expand is based on the success in its two initial markets, according to Mercedes. It’s been an especially fruitful program at attracting younger customers and those who have never owned a Mercedes. The automaker says 82% of its subscribers are new to Mercedes-Benz, and
“Interestingly, families and couples are equally accessing the service whether for use as their primary car, for fun or as a way to test drive a wide variety of models,” said Adam Chamberlain, vice president of sales for MBUSA.
The concierge-style service gives customers a choice between more than 50 model variants, depending on what tier a customer has subscribed to. The program has three tiers that range in price from $ 1,095 to $ 2,995 a month. Subscribers also pay a one-time activation fee of $ 495. The monthly subscription fee for the tier also includes insurance, 24/7 roadside assistance, vehicle maintenance and no mileage limitations.
Each tier also allows access to the company’s popular high-performance Mercedes-AMG models.
Once customers have downloaded the app and passed a credit check, they can access the portfolio and request a vehicle. A concierge delivers the new vehicle washed, with a full tank of gas and takes away the previous vehicle.
Officials said three gunmen dressed as military officers raided the five-star Pearl Continental Hotel on Saturday, killing three hotel security guards, an employee and a navy soldier in the ensuing gunbattle. The insurgents had been holed up on the top floor of the hotel after security forces arrived. “Security forces have completed clearance operation,” the military said in a statement, adding all three attackers had been killed.
Kim and Kanye West are THIS close to landing a vacation home out in the desert … and if all goes well, Kris Jenner will be their neighbor. Sources with direct knowledge tell TMZ … Kimye are in negotiations for a…
Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect. Price tags for products listed on the Apple’s China website were lowered on Monday morning, including a discount of up to 500 yuan ($ 74.44) for some of its latest iPhone models. Suggested retail prices for brands including LVMH’s Louis Vuitton and Kering’s Gucci were also cut by around 3 percent, according to local media reports.
Radha Arora, 60, is president of Rosewood Hotels & Resorts, a 10,000-employee luxury hotel chain with 26 properties in 15 countries. A Rosewood venture recently opened in Montecito: a seaside resort built by real estate magnate Rick Caruso, called Rosewood Miramar Beach. Rosewood plans to add 21…
The news was jarring: The small nation of Brunei plans to start stoning to death people who have gay sex or commit adultery. Now, George Clooney hopes to inflict some economic pain in the hope of getting sultan Hassanal Bolkiah to rescind the Sharia law punishments, reports the BBC . In…
Fashion industry experts say luxury consumers are expressing a willingness to spend more for garments whose production doesn’t harm the environment or exploit workers, a sign they said of a new era of sustainability in fashion.
A major Australian real estate group is holding a luxury home auction that can be paid for with two cryptocurrencies. There will be a live auctioneer who will call out bids in BTC. The property owner says he wants to keep as many coins as possible.
Live Auction for Cryptocurrencies
One of Australia’s largest real estate groups, LJ Hooker, is preparing a live luxury real estate auction for cryptocurrencies with a live auctioneer. The company is working with James Pratt Auctions and blockchain company Nuyen, which will facilitate online bidding for the five-bedroom house in New South Wales, Australia. Micky media outlet reported Monday:
The auctioneer will call bids in cryptocurrency, with the price to be converted and displayed in AUD and USD on a live screen. Payments can be made in both bitcoin (BTC) and binance coin (BNB).
The owner of the property and president of Nuyen, Greg Costello, told news.Bitcoin.com that, in addition to the two cryptocurrencies, AUD will also be accepted.
According to Nuyen, the auction has attracted interested buyers from the U.S., Canada, China, and Australia, the publication detailed. Costello was quoted as saying: “We have already had parties register for the auction in less than 5 days of it being released … There has been a lot of international interest and publicity and I expect to see this grow and grow as the auction gets closer.”
Furthermore, he told the news outlet that he believes there will be more live auctions for cryptocurrencies in the future because international bidders can easily participate, elaborating:
All signs point to a borderless system where digital assets are traded for real assets.
Established in 1928, LJ Hooker claims to be “Australia’s best-known and most trusted real estate brand.” With offices in Australia, New Zealand, China, Indonesia, Papua New Guinea and Vanuatu, the group claims to manage the largest property portfolio in the region of approximately 160,000 properties worth $ 100 billion Australian dollars (~$ 71 billion).
The auction will take place on April 8. There will be a live auctioneer on the property, which is located on the coast about 60 miles south of Brisbane. Nuyen Vice President Ryan Lee described the post-auction process:
Once the sale has been completed, Nuyen’s internal and secure exchange will then be responsible for facilitating the liquidation of the coins themselves and of course releasing them back to the market.
Costello, being a firm crypto believer, intends to keep as much of the BTC and BNB as he can, Micky conveyed. Nonetheless, he explained that “Some of the coins will have to be liquidated to release the mortgage but the rest will be held tight for future gains.”
What do you think of this live auction for BTC and BNB? Let us know in the comments section below.
Images courtesy of Shutterstock, LJ Hooker, and Greg Costello.
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The post Real Estate Giant Holding Live Luxury Home Auction for Bitcoin appeared first on Bitcoin News.
On Jan. 16, hardware wallet manufacturer Satoshilabs, the creator of the Trezor line of cryptocurrency devices, announced its latest partnership with the mechanical artistry and design company Gray. The luxury designer is well known for its mobile collections like Zyra and Alter Ego and the two companies have now released a “luxury” aerospace-grade titanium hardware wallet series called Corazon.
Corazon: ‘Luxury’ Titanium-Grade Hardware Wallets
The Singapore-based manufacturer that creates custom Apple and Android mobile phone cases, Gray International, has partnered with the cryptocurrency company Satoshilabs. On Wednesday, the two businesses revealed a luxury grade series of hardware wallets called Corazon. The new devices are CNC machined using aerospace grade titanium that can withstand far more damage than traditional plastic and aluminum devices. The Corazon wallets are based on the Trezor Core firmware used in the company’s Trezor model T series. Just like a model T, the unit comes with a USB connector (type C to type A) and two recovery seeds. The new designer series Corazon model also serves as a password manager and a universal second-factor (U2F) token device as well.
The Corazon series is way more expensive than your average Nano or Trezor One, and almost three times the price of the Model T depending on which flavor of Corazon is chosen. The cheapest model is the basic gray colored titanium model for $ 696 per unit. The Corazon Stealth model ($ 996) is a limited edition piece with only 500 available and has a black physical vapor deposition (PVD) coating. The Corazon Gold version ($ 1,496) is also limited but to only 100 models and the device has a gold PVD coat instead of black.
“Each Corazon begins its life as a solid block of grade five aerospace titanium before being manufactured into its signature and attractive design,” explained Satoshilabs in an email to news.Bitcoin.com. “With special tamper-proof design, the device is impenetrable without compromising the external integrity — Audited by security researchers and verified by the stellar track record of Trezor, the Corazon’s technology is entirely open-source to be fully transparent, in line with Trezor security philosophy.”
Expensive But Limited
The new collaborative effort between Satoshilabs and Gray follows the recent Ledger Nano X launch on Jan. 6. The new model is similar to the old Nano’s case design but is bluetooth-enabled and can store up to 100 different digital assets. Gray explains on its website the Corazon release coincides with the 10th anniversary of Bitcoin’s creation. Each unit starts as a solid block of titanium and is then machined into a lightweight but strong hardware wallet. The limited edition models are finished to a degree “that is impossible to be replicated by hand” says Gray’s website. Cryptocurrency proponents can pre-order the Corazon models with either BTC or BCH via Bitpay, and the website takes traditional credit cards as well.
This is not the first time Trezor has released limited edition models, as the firm has released metal aluminum grade versions of their wallet in the past. Last December the firm sold metallic chrome-looking models for 600 euros and there were only 300 made. The limited series was called the “Steel Bundle” and the product came with a Cryptosteel seed container. Some people will likely disregard the new Corazon series on account of the price while others may see the wallets as a collectible.
What do you think about the new Trezor Corazon series designed by the mechanical artistry and design company Gray International? Let us know what you think about these products in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.
Image credits: Trezor, Gray International, and Bitpay.
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The post Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets appeared first on Bitcoin News.