By  on October 17, 2011

MILAN — In a further sign that luxury goods continue to buck the global economic downturn, the market is expected to grow 13 percent to sales of 700 billion euros, or $971.2 billion at current exchange, this year, according to research by Bain & Co. and Fondazione Altagamma.

The research covered all categories of luxury, including cars, furniture, wine, travel and yachts, as well as fashion.

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