Inside Wealth: Spending
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Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
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Amelia Island's classic car auctions brought less than last year, but Ferrari prices, a closely watched telltale, easily matched expectations.
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At an auction of classic Ferraris, collectors will be anxious to see if the skyrocketing prices still have room to run.
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With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
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Candy king Bruce Weiner is selling off his collection of more than 200 "microcars" for an expected haul of more than $6 million.
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Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
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Less than a year after buying the Hawaiian island of Lanai, Oracle chief Larry Ellison has purchased Island Air, a local airline that factors in his development plans.
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Wealthy Chinese are buying more luxury goods — just not at home. Here's where they're spending their money.
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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.
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Dennis Tito, who paid a reported $20 million for a ride on a Russian spacecraft, is said to be backing a privately funded, possibly manned, shot at Mars.
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Many owners are happy to part with large sums of cash to buy extravagances for their pets. Here's a list of products for the pet who has everything, and the owner who gives it to him.
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An auction by collector Bruce Weiner has brought renewed attention to "microcars," a popular automobile genre valued as much for their cute looks and ingenious designs as for their parsimony.
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Mystery surrounded the appearance of Russian billionaire Roman Abramovich's 533-foot yacht, Eclipse, at a berth in mid-town Manhattan.
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Houses in London's 10 most expensive boroughs are now worth as much as the property markets of Wales, Scotland and Northern Ireland combined.
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More than 1,000 private jets are expected to fly into New Orleans this weekend, just under last year's tally of around 1,100 planes in Indianapolis – one of the biggest ever.
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Sellers at high-end Manhattan apartment buildings have been forced to reduce their prices after buyers balked at the high monthly payments.
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Once declared a fake, the illegally cast Liberty-head coin is expected to fetch $2.5 million or more when it goes on the auction block in April.
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The Hamptons real-estate market has not only recovered -- it’s soaring past its pre-crisis peaks.
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The $4.6 million sale of the original Batmobile grabbed the headlines from this weekend's Scottsdale car auction, but the huge prices paid for Ferraris and other exotics were the real news.
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The glamour, champagne-soaked launches and celebrity clients belie a mounting unease in the world of "super-yachts."
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From Beverly Hills mansion to beach house to penthouse, these are the most expensive rentals on the market.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.