Among the world’s wealthy, it is the millionaires of the Asia-Pacific region who may best exemplify the maxim, if you’ve got it, flaunt it.

According to a survey issued this week by Merrill Lynch and consultancy Capgemini, when they spend on luxury items, the wealthy in the Asia-Pacific region are the most likely to splurge on big-ticket things such as vintage yachts, private airplanes, high-end automobiles and sports teams.

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