Beyond goods, services and experiences, freedom will become the ultimate signifier of status.
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TORONTO, Canada — In essence, luxury is about status, playing to that fundamentally human need to communicate who you are and how you fit into the social hierarchy. Through the ages and across cultures, status has been expressed in a multitude of ways, from the tone of one’s complexion to the size of one’s kingdom. But fundamentally, signalling status has long been about possessing something that is widely regarded as both valuable and rare.