TRADE: New Americans for Europe

In elegant London clubs, members complain that the best French clarets are being shipped overseas. In Paris salons, regular customers find that their favorite couturiers are giving strange foreign customers first peek at the latest styles. At the art and antique auctions all over Europe, as many as half of the choicest items are being bought by people who never showed their faces a few years ago. As the American tourist surge is beginning to level off, Europeans are bringing out their stale stories about rich Texans for a new breed of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!