by Laura Hanninger

Note 01/Fashion

9 August 2026

From Heritage to Irony

The Evolution of Wealth in Fashion

Laura·6 min read

A man in a black suit and tie photographed from above with a fisheye lens on an empty street, sunglasses and a flat cap, tattooed hands raised to his mouth.

Fashion has always indicated class. In the early twentieth century, luxury was defined by labour, craftsmanship and access. Hand embroidery, fine lace, silk, cashmere and exotic leather were expensive because they demanded time, skill and rare materials. Luxury was exclusive by production, and fashion therefore moved slowly.

War interrupted that system. Rationing made clothing practical, while the years that followed produced a renewed hunger for glamour. with its cinched waists and voluminous skirts, became a symbol of post-war abundance, even as critics condemned its extravagant use of fabric.

By the 1970s, luxury began to shift from production to perception. The object no longer explained its value. Brand heritage, cultural prestige and recognition became part of the product. People were no longer buying only a garment; they were buying identity and status.

Logos and monograms moved from discreet signatures to prominent design elements. Luxury no longer had to be examined up close. It had to be understood instantly.

Recognisability came at a price. Once a status symbol can be identified at a glance, it can also be imitated. Counterfeit markets expanded, licensing increased and fast fashion reproduced luxury codes at unprecedented speed. The line between possessing wealth and performing it began to blur.

The Turning Point: Burberry

No brand illustrates this shift more clearly than Burberry. In the late 1990s and early 2000s, its became a globally recognisable luxury pattern, but not in the way the brand intended.

Years of licensing flooded the market with lower-priced products. As the check became ubiquitous, it lost exclusivity and became associated with Britain’s so-called and football hooliganism rather than heritage luxury. Some high-end retailers distanced themselves from Burberry to protect their own positioning.

Under , Burberry launched one of fashion’s most successful brand revivals. The company bought back licensing rights, regained control of its signature check, invested in digital innovation and repositioned itself as a modern British luxury house.

It continued under , whose 2018 rebrand introduced a minimalist, streetwear-influenced identity. Since 2023, Burberry has deliberately returned to its heritage, restoring its serif wordmark and equestrian knight logo. In luxury, heritage itself had once again become one of the brand’s most valuable assets.

When Luxury Became Performance

In the era of social media and the Kardashians, the phenomenon intensified. Influencers do not simply wear luxury; they perform it. Instagram and TikTok transformed luxury into entertainment rather than a private marker of exclusivity.

Through fast fashion, leasing and curated personas, the appearance of wealth became increasingly accessible. The difference between genuine affluence and its performance became harder to recognise.

This is where luxury and influencer culture diverge. Luxury depends on exclusivity. The more visible and widely imitated a symbol becomes, the less luxurious it is. The elite must therefore abandon familiar symbols and search for new ways to distinguish themselves.

The natural response was .

The elite did not reject luxury. They rejected its visibility. Logos gave way to exceptional fabrics, precise tailoring and discreet brands. “If you know, you know” became the new code of status.

Quiet luxury was a direct response to the overexposure of luxury symbols. When everyone can recognise the same logo, exclusivity no longer lies in being seen, but in being understood.

But history repeats itself. Social media discovered quiet luxury and renamed it “old money.” The internet transformed a social class into an aesthetic. Pinterest, TikTok and fast fashion turned linen shirts, loafers, cable-knit sweaters and tweed blazers into widely available symbols.

Once a code can be learned by everyone, it ceases to function as a code.

The latest cycle goes further. Fast fashion no longer imitates only logos or silhouettes. It imitates the appearance of quality itself. Linen becomes polyester blends, tweed becomes synthetic fabric and craftsmanship becomes a visual illusion.

The symbols remain, but the substance disappears. What once expressed restraint, heritage and craftsmanship becomes another costume.

Every era of luxury had its own currency: production, perception, visibility and finally recognition. Yet every stage shared the same foundation—exclusivity. The moment a symbol or code becomes accessible to everyone, it ceases to function as luxury.

So what remains when every aesthetic can be copied within weeks?

Individuality—not because it is expensive, but because it cannot be mass-produced.

The Age of Irony and Nonchalance

Luxury has entered another phase. Traditional beauty is no longer the ultimate measure of value. Understanding the joke has itself become a form of exclusivity.

No brand illustrates this better than . Its deliberately “ugly” products are often dismissed as absurd, but that is precisely the point. Luxury has reached a stage where it can parody itself.

Heritage luxury once declared: “Look how beautiful and expensive this is.”

Ironic luxury responds: “I can afford something that deliberately refuses to look valuable.”

The object becomes secondary. The concept becomes the luxury.

Most consumers evaluate clothing through beauty, practicality, craftsmanship or value for money. Here, value lies in the idea, the cultural reference and the irony.

To the general public, spending an extraordinary amount on something intentionally absurd appears irrational. Yet this is exactly where exclusivity is created. It requires disposable income, cultural fluency and the freedom to treat the purchase as a conceptual statement rather than a rational one.

Irony became the new language of exclusivity. Luxury no longer needed to justify itself through obvious beauty or visible expense. The ultimate status symbol became the freedom to remain unexplained.

This shift from object to concept extends beyond fashion. a banana taped to a wall, became one of the defining artworks of the twenty-first century. Street art entered museums. Graffiti became collectible. The concept began to eclipse the object.

Technique can be replaced. Materials can be copied. Craftsmanship can be imitated. But an idea cannot simply be reproduced. In an age where products can be duplicated within weeks, the concept becomes one of the last scarce resources.

The same contradiction appears in automotive luxury. Consider the , incorporating handcrafted porcelain into a high-performance car. Porcelain is fragile and impractical, which is precisely the point. The goal is no longer efficiency, but to communicate that practicality itself has become irrelevant.

Nonchalance has become a new form of social capital. Not because wealthy people do not care, but because they no longer need to prove what previous generations had to.

In many elite circles, tailored suits have given way to jeans, plain T-shirts and understated sneakers. Formality has not disappeared; it has become unnecessary. Wealth itself provides legitimacy. Clothing no longer has to speak on its wearer’s behalf.

The greatest luxury is no longer owning expensive things. It is no longer needing them to prove success.

Production can be copied. Brands can be copied. Logos can be copied. Even irony can be copied.

But judgment cannot. Taste cannot. Perspective cannot. Identity cannot.

Individuality is the final form of exclusivity.

As George Simmel observed more than a century ago, fashion exists in a perpetual cycle of imitation and differentiation. Every status symbol is eventually imitated, forcing those seeking distinction to search for something new.

Luxury has never truly been about a particular fabric, logo or aesthetic. It has always been about exclusivity, and it will continue to migrate toward whatever is hardest to imitate.

Today, that is no longer the object itself, but the individual behind it.

Filed.

09.08.2026·Note 01

Written by Laura.

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