• Buying a Picasso on Amazon? Not so crazy anymore Monday, 1 Jul 2013 | 5:07 PM ET

    Amazon is said to be making plans to sell pricey art online, a move that may shake the foundation of the art world and accelerate a sweeping shift already underway at the auction houses and some galleries.

  • Steve Martin May Profit on Sale of St. Barts Villa Monday, 3 Jun 2013 | 12:33 PM ET
    Actor, comedian, writer, playwright, producer and banjo musician Steve Martin.

    Actor Steve Martin is listing his villa in the posh Caribbean island of St. Barts for 8.75 million euros, or about $11.4 million. If he gets what he's asking, he'll score a nice profit on its sale.

  • Summer Rentals Hit $1 Million in the Hamptons Tuesday, 28 May 2013 | 12:26 PM ET
    This home in Southampton is for rent for only $1,000,000.

    Brokers say there are now at least a half dozen homes and estates in the Hamptons that are renting for around $1 million—just for the summer—a new record.

  • 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.

  • Newer Art Works Expected to Lead Auction Boom Monday, 6 May 2013 | 2:48 PM ET
    Christie's Impressionist & Modern Art and Post-War & Contemporary sales preview.

    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.

  • At $14 Million, Diamond Is Investor's Best Friend Thursday, 18 Apr 2013 | 12:17 PM ET

    A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.

  • 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.

  • Big Rewards in Trophy Art, but Sellers Wary Tuesday, 5 Mar 2013 | 9:51 AM ET
    Christie's in New York City.

    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.

  • After-Hours Buzz: GPS, CRM, GRPN & More Thursday, 28 Feb 2013 | 3:40 PM ET

    Check out which companies are making headlines after the bell Thursday:

  • Sotheby’s Art Auction Sets $375 Million Record Wednesday, 14 Nov 2012 | 7:13 AM ET

    Sotheby's staged the biggest auction in its 268-year history on Tuesday, led by a $75 million Mark Rothko and a record-setting $40 million work by Jackson Pollock at its post-war and contemporary art sale.

  • McNamara's effects sell for over $1M at NY auction Wednesday, 24 Oct 2012 | 10:17 AM ET

    NEW YORK-- A silver paperweight that President John F. Kennedy gave to Secretary of Defense Robert McNamara after the Cuban missile crisis sold for $95,500 at an auction Tuesday of McNamara's personal effects, Sotheby's said. McNamara, who died in 2009, served as the head of the Pentagon from 1961 to 1968, first for JFK and then for President Lyndon B. Johnson.

  • McNamara's personal effects coming to auction Tuesday, 16 Oct 2012 | 9:04 AM ET

    The silver and wood-framed memento was given by President John F. Kennedy to Secretary of Defense Robert McNamara to mark the October 1962 Cuban missile crisis. Sotheby's is opening the collection for public viewing on Tuesday, and the auction is scheduled for Oct. 23.

  • Eric Clapton's Richter sells for $34.2 million Friday, 12 Oct 2012 | 4:51 PM ET

    LONDON-- A Gerhard Richter painting owned by Eric Clapton has sold for 21.3 million pounds, handily beating pre-sale estimates and setting a new auction record for the German abstract artist.

  • Christie's London contemporary art sale down on 2011 Friday, 12 Oct 2012 | 7:06 AM ET

    LONDON, Oct 12- Christie's raised 41.2 million pounds from its combined London sales of post-war, contemporary and Italian art late on Thursday, towards the lower end of pre-sale estimates and down on the equivalent auctions of 2011..

  • NEW YORK, Oct 9- Small- and mid-capitalization stocks fell o n Tuesday, with shares of Super Micro Computer Inc. Shares of Super Micro Computer were down 11.7 percent at $9.39 after it said revenue for its first quarter will be at the lower end of its forecast. Third-quarter results for S&P 500 companies begin after the bell with a report from aluminum company Alcoa.

  • Sotheby's autumn HK sales drop as China economy slows Tuesday, 9 Oct 2012 | 12:07 AM ET

    HONG KONG, Oct 9- Sotheby's sold HK $2 billion worth of Asian and Chinese artwork and luxury goods in its autumn sales in Hong Kong on Tuesday, a 37 percent decline from the same period last year as the market consolidates on a weaker China economy. The tally was also some 18 percent less than the $316 million Sotheby's sold in its Hong Kong spring sales.

  • China art auctioneers face off with foreign rivals Monday, 8 Oct 2012 | 5:56 AM ET

    HONG KONG-- Chinese and international auction houses are encroaching on each other's territory in Hong Kong and Beijing for the first time this autumn sale season as they step up the battle for the Asian art market. China Guardian Auctions Co. held a small sale of Chinese ink paintings, calligraphy and furniture last weekend in Hong Kong.

  • 2 NYC auction houses to sell Warhol works in Nov. Thursday, 4 Oct 2012 | 12:07 AM ET

    NEW YORK-- Christie's will inaugurate its long-term partnership with the Andy Warhol Foundation to sell its collection with a daylong sale next month. It includes a Polacolor print of Liza Minelli estimated to sell for $15,000- $20,000. There's also a screenprint of Vladimir Lenin with a pre-sale estimate of $40,000- $60,000.

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