Luxury Domesticity

How public shaming changed status signaling

Gwyneth Palthrow’s personal book curator is in overdrive.

“What you say is not as important as the bookcase behind you,” is the motto of the newly created Twitter account dedicated to our latest aspiration: bookcases. They are a more socially acceptable Zoom background than lurking pools, private gardens, or antiques. They also signal the somewhat accessible privilege of knowledge.

Still, Financial Times’ “How to Spend It” Editor’s Letter in April defensively asked, “What does a luxury magazine have to contribute to the world during a pandemic? To put it bluntly — who cares about expensive chairs?”

In fact, a lot of people do. Luxury domesticity is the term that Venkatesh Rao coined in our email exchange from a few weeks back. My take was that the traditional luxury — and its stability, permanence, and security — are making a comeback. Rao and I went back and forth about what’s aspirational at the moment, and what kind of aspiration we can expect once the pandemic is over. Luxury domesticity is gaining steam, and I believe it is hard cold assets are where things are at: the rich are right now at their luxury bunkers, acres of New Zealand real estate, private yachts, and remote islands. Others are in the Hamptons or, upstate or, wherever their second homes are.