Recently I joined a group discussion on the future of luxury. This is a theme that keeps coming up in meetings and with the clients I work with outside my role as a journalist. And I can see why. We are pretty much at the crossroads of change, with the pandemic acting a little like a punctuation point in history, allowing some of us time to reflect and rethink what had become normal and accepted simply because in the rush of life, few questioned its authenticity. Why, for instance, has luxury been caged and confined within a tightrope of clichés? Surely, it can be brave and bold enough to break free of the narrow confines of price, value and status.

I’m not so much interested in the physical luxury of stuff, but more so in unwrapping the spiritual concept of luxury, the poetic element, all those other parts that may not directly be linked with the concept but will come to define it ever more as we navigate the future. I’m talking about time, knowledge, intellect, ideas, art, craft, skills, history, love, passion, stories, poetry and a whole world of more elusive elements that make luxury special – not exclusive or expensive, but extraordinary.

Then, of course, luxury is rooted in context. During the deepest darkest pandemic hours, amid lockdown with no vaccination in sight, luxury became the sound of birds singing, trees blossoming, neighbours clapping in unison in support of health workers. Luxury was discovering that unnoticed path in the local park, a coffee lovingly prepared by the local barista, happening upon a new piece of music or a podcast to open up a world. With lockdown lifted, the height of luxury has become sharing a meal with family and close friends, hugging them, seeing live art, planning trips to other lands.

This got me thinking about the Rolls-Royce Boat Tail. The hand-built, one-of-a-kind motor car is a new private commission estimated to have cost over £20 million. On the one hand, it epitomises old-school luxury, the kind money can buy, the luxury of status that is exclusive and rare. But what makes the Boat Tail special isn’t the price tag – that’s just a number. Rather, it is the unique knowledge and artistry and imagination that went into creating it. And the Boat Tail’s perceived value is tied intimately with Rolls-Royce’s evocative narrative and its rich history. This is where luxury becomes storytelling. And this is where it gets exciting.

Layers of experience passed on from generations of winemakers, the uniqueness of the terroir, what happened in the year of harvest – this represents the height of luxury. Or it could be more ephemeral – that visceral feeling, that sense of wonder when you experience a new wine, or taste a unique dish, have an unforgettable chance encounter. Luxury is about the unexpected pleasures. Thomas Girst, head of global cultural engagement at BMW Group, told me he sees it as ‘the time for meaningful experiences, exchanges and actions that have the power to shape and define who we are’. And I couldn’t agree more.

What this means in terms of branding and design is to involve as many specialities and characters as possible in creative processes. It means mixing up sciences and arts and engineering and academia, proactively seeking different voices – be it gender, class, race, nationality, age. This is already happening to some degree across many businesses and educational establishments. And it can only prove to be a positive thing. It will help paint a more colourful, a more textured and richer world of luxury.

Viewing luxury as something far beyond the physical object opens a vast ocean of possibilities. We have the tools to make new forms of luxury a reality by harnessing the positive power of technology. And I’d like to hope the pandemic has opened our eyes to values that are fair that can be found in luxury. To my mind, the future of luxury will be more and more about shared beliefs – artistic, environmental, societal. It will involve intuitive and tailored experiences gathered around principles of imagination, expression and freedom. And it need not be reserved for a select few. What Covid and the climate crisis have plainly shown is the ephemerality of our human existence. Spiritual luxury, by definition, is democratic. It is inclusive and inviting and free and poetic and full of wonder.