Our generation considers a wider definition of luxury, despite the obvious price connotation of it. Rolls-Royce and Bentley may just be touchstones in terms of luxury, but even their pricing might be not enough compared to the likes of Bugatti, Pagani and a few new Ferraris and Lamborghinis. While a few hundred thousand dollars opens the door to a Rolls-Royce Wraith or Bentley Mulsanne, luxury is also measured by rarity of product and extreme levels of performance.
It is with historical context, however. It was ten years removed from a war that should have ended all wars. Unfortunately, a spat between Korean partisans turned into an international affair splitting the peninsula in half. The same trouble was brewing in Vietnam, a soon-to-be former French colony. Even those within the Soviet Bloc weren’t buying into the new world order as envisioned by Karl Marx. Hungary was a year away from challenging Moscow on whether it should be their superpower or not.