According to Mansion Global it costs around 10%-20% of the purchase price to furnish your new luxury home. Mainly because you gotta fill all that space and do so with pieces (and art) that are up to standard.

“When a buyer moves into a new, empty home that they want to outfit with furniture and decorative accessories like lighting and rugs, experts agree that they should expect to spend 10% of the purchase price on the low end and 20% or more of the purchase price if they go all out.”

Source: https://www.mansionglobal.com/articles/turning-a-luxury-property-into-a-home-can-be-more-expensive-than-expected-75212

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