The first bit of evidence, according to the Telegraph , is that auctions for fine wine in Hong Kong are blowing away similar auctions in NYC and London. At one auction a buyer paid $93,000 for an Imperial bottle of 1982 Chateau Petrus.

And sepately, Louis Vuitton says it's going to open stores in Lebanon and, get this, Mongolia this year.

Folks, we had a great run, but our time at the top is winding down fast.