The Pat McGrath Valuation Trap

Pat McGrath makeup
Everyone in the industry roots for McGrath: There are few people, if any at all, who have been able to replicate her uniquely viral, culture-redefining moments. Photo: Fairchild Archive/Penske Media/Getty Images)
Rachel Strugatz
July 3, 2024

The past decade was a boon for celebrity makeup artists launching their own brands. Charlotte Tilbury’s namesake made Hollywood glam attainable. Gucci Westman introduced the elegant and understated Westman Atelier. But it was Dame Pat McGrath, widely considered the most talented makeup artist of her generation, who truly shook the industry with her own label in 2015.