Luxury is no longer about simply reviving heritage codes of the past, but rather it’s a dream space. Status is therefore found in radical solutions and ground-breaking projects.

Rather than conforming to the diktats of low-key luxury, Anderson seemed to be acknowledging that that space is already saturated; its potency for signalling status undergoing rapid dilution. His show’s narrative—about punks cosplaying as aristocrats while the aristocrats cosplay as punks—tapped into the ambient confusion about what “good taste,”... See more