Market Sours for Condo Kings

Thursday 12 February 2009 at 07:17

Nicholas Candy, who sells luxury apartments to the super-rich, recently showed off a $41 million, four-bedroom property here that boasts a private swimming pool and a life-size statue of a boy, encrusted in Swarovski crystals, with his middle finger raised.

But the brand of conspicuous consumption that Mr. Candy and his brother and business partner Christian marketed to wealthy clients is being put to a severe test by the economic crisis.