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.» Read More
A first edition copy of " Harry Potter and the Philosopher's Stone" that contains author J.K. Rowling's notes and original illustrations fetched 150,000 pounds at a London auction on Tuesday.
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.
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
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.
DALLAS-- After selling his Dallas oil and gas company and moving to Europe, Robert Edsel found himself in the art-drenched Italian city of Florence. Standing on the city's famous medieval covered bridge _ the Ponte Vecchio _ he began to contemplate how so many famous sites and works of art in Europe survived the destruction of World War II.
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.
NEW YORK, April 27- Food lovers dug deep on Friday night and spent a total of more than $900,000 at an auction on pieces of Catalonia's famed elBulli restaurant, from wines to cutlery to dinner with its head chef, Ferran Adria.
NEW YORK, April 25- Food lovers who never ate at elBulli, the now-closed, Michelin three-star restaurant in Catalonia, have a chance to buy a piece of the famed Spanish restaurant and dinner with its head chef, Ferran Adria, at an auction to be held by Sotheby's on Friday.
A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.
A rare Chinese bowl bought at a tag sale for $3 has sold at a New York auction for more than $2.22 million.
As the spring art season gets underway with art fairs in New York this week, the hunt for big trophy art pieces is especially fierce.
Check out which companies are making headlines after the bell Thursday:
Dec 25- Wine sales at auction houses were flat to lower in 2012, with lower prices for the top Bordeaux weighing on results. But, even so, the Burgundies could not make up for the Bordeaux disappointments. Bordeaux prices headed lower all through the year.
*Morgan Stanley looking at ways to bolster lending. Dec 3- In October, Rebecca Rothstein, a Beverly Hills- based private banker to rock stars, top executives and the otherwise rich, abruptly left Morgan Stanley for rival Merrill Lynch.
*Lawsuit seeks $29 million- Taubman worth $2.9 billion. Nov 30- Octogenarian billionaire mall developer A. Alfred Taubman has been sued for $29 million by a Michigan flight attendant who claimed he sexually harassed her numerous times aboard his private plane.