Every spring hundreds of yachts migrate from the Caribbean to the Mediterranean and some of them do it by boat, reports CNBC's Robert Frank.» Read More
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
Sales at Sotheby's contemporary art auction totaled $293,587,000, reports CNBC's Robert Frank.
Wealthy Chinese looking for good real estate investments are finding them in vineyards, reports CNBC's Robert Frank.
The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
CNBC's Rick Santelli worries that when it comes to Obamacare, the IRS will use political tests to determine who gets health care. (3:12)
The Internal Revenue Service may be watching the very rich, reports CNBC's Robert Frank.
News that the Internal Revenue Service scrutinized conservative political groups has put the spotlight on another IRS target: the wealthy.
In Jay Gatsby's time, the mansions along Long Island's Gold Coast were famous for their excess and price tags. Now, they're more famous for their price cuts.
CNBC's Robert Frank takes a look at how wealth has changed in America since the 1920s.
CNBC's Robert Frank takes a look at a Long Island mansion that could have come straight off the pages of F. Scott Fitzgerald's famed book, "The Great Gatsby."
Taxes paid by the nation's top earners are putting government back in the black, reports CNBC's Robert Frank.
Taxes paid by the top earners are putting the U.S. back in the black, according to the Congressional Budget Office.
Sotheby's impressionist and modern art evening sale pulled in $230 million Tuesday night, with CNBC's Robert Frank.
Ferrari is capping production this year. The stated reason: status protection. But what's the reality? Some experts think it may be a sign of lower demand for the luxury car.
If you were looking for millionaires, you'd probably head to London or New York or Monaco. But you might be better off trying Tokyo.
Tax attorneys say celebrities like Grammy Award winner Lauryn Hill are often sentenced and prosecuted more vigorously so that officials can send a message to the public.
Ralph Lauren, the fashion mogul and vintage-car collector, recently took delivery of a new RUF CTR-3, according to people familiar with the deal.
What are art lovers interested in this spring? A peek at the billion dollars worth of art on offer at Christie's and Sotheby's.
Wealthy Chinese are on a global shopping spree. Along with handbags, art and condos, they're also buying foreign visas.
CNBC's Robert Frank has the inside scoop on a culinary painting that could fetch a whopping $22 million.