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Fine Art

  • Qatari riches buying influence—in the art world Tuesday, 23 Jul 2013 | 2:23 PM ET
    Mark Rothko's "White Center"

    While avoiding fanfare, a sister of the emir of this tiny Persian Gulf state has become one of the art world’s most important players. The NYT reports.

  • Art Fair 'Fatigue' Fails to Deter Buyers at Basel Friday, 14 Jun 2013 | 1:14 PM ET

    Art Basel, one of the world's most prestigious modern and contemporary art fairs, opened its doors this week. But with back-to-back fairs on art collectors and dealers' agenda, is "fair fatigue" setting in?

  • Top 10 Billionaire Art Collections Thursday, 6 Jun 2013 | 2:36 PM ET
    A woman bids at auction.

    A new study found that the world's 2,170 billionaires hold an average of $31 million each of art, equal to 0.5 percent of their net worth. Here are the top 10 holders.

  • Huge Diamond Sold at Auction for $26.7 Million Thursday, 16 May 2013 | 2:29 PM ET
    The pear-shaped diamond weighing approximately 101.73 carats recently sold at auction for just under, $27 million.

    A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.

  • Art Market Is '100 Percent a Bubble': Novogratz Wednesday, 15 May 2013 | 2:04 PM ET
    A woman bids at auction.

    Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.

  • Contemporary Art Sales Could Top 'Old Masters' Sunday, 12 May 2013 | 12:11 PM ET

    The world's largest auction houses will host "blockbuster" sales of contemporary art this week, as buyers' tastes shift away from pre-19th century "Old Masters", a fine art expert told CNBC.

  • 'Les Pommes' by Paul Cezanne on display during a preview

    The first of the big spring auctions began Tuesday night at Sotheby's, as bidders put money on their walls rather than in the shakier financial markets. The New York Times reports.

  • Top Manhattan Gallery Raided in Gambling Probe Wednesday, 17 Apr 2013 | 9:35 AM ET
    Federal agents remove computers from the Helly Nahmad Gallery at the Carlyle Hotel in New York.

    The FBI says the Upper East Side gallery figured in a gambling and money-laundering ring that stretched from Moscow to Los Angeles.

  • Lauder Gives Away $1 Billion Worth of Art Wednesday, 10 Apr 2013 | 9:04 AM ET
    Leonard A. Lauder

    Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.

  • Garage-Sale Find Nets Buyer $2.22 Million at Sotheby's Wednesday, 20 Mar 2013 | 8:48 AM ET
    A rare and important 'Ding' Bowl from the Northern Song Dynasty bought at a garage sale for $3 dollars, sells at auction for $2.25 million at Sotheby's, New York.

    A rare Chinese bowl bought at a tag sale for $3 has sold at a New York auction for more than $2.22 million.

  • Florida Pastor Accused of Art Fraud Tuesday, 12 Mar 2013 | 3:53 PM ET

    Authorities allege pastor Kevin Sutherland had a lucrative business on the side: dealing in counterfeit art. The case is one of about half a dozen major art cases the Manhattan D.A.'s office has prosecuted since 2010.

  • Neighbors to Auction House: 'Give Our Graffiti Back' Friday, 22 Feb 2013 | 11:21 AM ET
    A man takes a phone photo of an artwork attributed to Banksy on May 17, 2012 in London, England.

    A stencil by British artist Banksy is up for auction for an estimated $500,000. One problem: the neighborhood where Banksy sprayed the work wants its graffiti back.

  • Painting a Profit: 10-Year Boom Ahead for Art? Friday, 8 Feb 2013 | 7:52 AM ET
    Pablo Picasso's Femme pres d'une fenetre

    The art market is to experience a "10- year boom" according to an expert, as investors from China and the Middle East drive demand towards unprecedented levels.

  • As Art Prices Rise, So Do Concerns About Auctions Monday, 28 Jan 2013 | 1:01 PM ET

    The world's richest people spend hundreds of millions of dollars in an art market that allows opaque transactions and has few outside monitors.

  • Virgin Atlantic first-class passengers traveling between New York and London will be able to buy paintings by British artist Ben Eine during flights and at the Virgin Atlantic clubhouses at New York's JFK, Newark International and London's Heathrow airports.

    Taking in-flight shopping to a new level, select elite Virgin Atlantic passengers will be able to view and buy paintings by British Street artist Ben Eine in February from the comfort of their on-board seats.

  • Art Not Only for ‘1 Percent’, says Christie's Chief Thursday, 17 Jan 2013 | 7:15 AM ET
    Edvard Munch's The Scream

    When the public sits up and notices the art market, it is usually when an anonymous buyer pays a mind-boggling sum to acquire a prized painting.

About Fine Art

  • Investment-grade art has a low correlation with stocks, bonds and other asset classes, making it a great alternative, but it's really a group of micro-markets with their own dynamic.

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