Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.» Read More
At an auction of classic Ferraris, collectors will be anxious to see if the skyrocketing prices still have room to run.
With the average price of collectible Ferraris up more than 70 percent, this weekend's auction of vintage GT and GTOs is drawing attention.
Candy king Bruce Weiner is selling off his collection of more than 200 "microcars" for an expected haul of more than $6 million.
Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
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.
Wealthy Chinese are buying more luxury goods — just not at home. Here's where they're spending their money.
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.
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.
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.
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.
Mystery surrounded the appearance of Russian billionaire Roman Abramovich's 533-foot yacht, Eclipse, at a berth in mid-town Manhattan.
Houses in London's 10 most expensive boroughs are now worth as much as the property markets of Wales, Scotland and Northern Ireland combined.
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.
Sellers at high-end Manhattan apartment buildings have been forced to reduce their prices after buyers balked at the high monthly payments.
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.
The Hamptons real-estate market has not only recovered -- it’s soaring past its pre-crisis peaks.
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.
The glamour, champagne-soaked launches and celebrity clients belie a mounting unease in the world of "super-yachts."
From Beverly Hills mansion to beach house to penthouse, these are the most expensive rentals on the market.
World-renowned chef Alain Ducasse is hosting a black-tie, $850-a-plate dinner in New York next month for 240 elite guests, who will be asked to bring their own wine.