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Inside Wealth: Spending

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  • $1 million watch—and you have to apply to buy it! Friday, 13 Sep 2013 | 11:33 AM ET
    Patek Philippe 6002 watch

    The watchmaker Patek Philippe has a new piece so exclusive, you need a password to read about it—and have to fill out an application to buy it.

  • Can’t afford to buy a private island? Rent one! Friday, 13 Sep 2013 | 5:13 AM ET
    Necker Island in the Caribbean is owned by business magnate Richard Branson

    Owning a private island has long been seen as the ultimate status symbol of the rich and famous – but perhaps not for much longer, as wealthy individuals opt to rent islands instead of splashing out.

  • Tours take rich around the world on $4,000 a day Thursday, 5 Sep 2013 | 12:06 PM ET

    A global travel bug has bitten the wealthy, fueling a surge in private jet tours—hyperexclusive, month-long trips aboard custom-built jets that drop in on exotic countries.

  • A $690,000 watch is now part of Nadal's game Wednesday, 4 Sep 2013 | 12:02 PM ET

    Tennis great Rafael Nadal is one of the most obsessive, ritual-oriented players on the tour. And part of that ritual now includes a $690,000 watch.

  • Ferrari craze helps auto auction shatter records Monday, 19 Aug 2013 | 12:19 PM ET
    The 1934 Packard 1108 Twelve Dietrich Convertible Victoria, took the “Best of Show Award” at the Pebble Beach Concours d’Elegance in Pebble Beach, Calif., on Sunday, Aug. 18, 2013.

    Total sales for this weekend's auction at Concours D'Elegance Pebble Beach reached a record breaking $301 million, according to Hagerty.

  • Rare 1967 Ferrari fetches $27.5 million at auction Monday, 19 Aug 2013 | 7:33 AM ET
    The Ferrari 275 GTB/4*S NART Spyder was one of only 10 of its kind ever built.

    The red Ferrari was one of only 10 ever built, and its single-family ownership reportedly increased interest in the sale.

  • 'It is so choice:' Ferris Bueller Ferrari for sale Friday, 16 Aug 2013 | 12:31 PM ET

    The car used for the classic '80s movie should go for more than $250,000, but some think it could fetch up to $1 million.

  • What to do when you win the lottery Tuesday, 18 Mar 2014 | 12:06 PM ET

    Record lottery payouts are rewriting the conventional financial wisdom about how the winners can best handle their good fortune, from tax advice to their reconfigured lives.

  • Sick pet? Don't fret! Jet there with your vet Wednesday, 7 Aug 2013 | 12:45 PM ET
    Jill Zarin of "The Real Housewives of New York City" with Ginger on their way to Los Angeles.

    Two veterinarians and a private jet company have partnered to offer the country's only ride-along-vet, concierge-pet service.

  • Meet the new wealthy: The cash hoarders Sunday, 4 Aug 2013 | 7:00 AM ET

    Since the financial crisis, the wealthy have become the nation's top cash hoarders, filling up deposit accounts and money markets at a rapid clip.

  • Auto nirvana: Test-driving the world's fastest car Thursday, 1 Aug 2013 | 11:19 AM ET
    Bugatti Vitesse

    CNBC's Robert Frank test drives the Bugatti Veyron 16.4 Grand Sport Vitesse, which happens to be the fastest production roadster on the planet. And one of the most expensive.

  • James Bond sub car's strange trip to auction block Tuesday, 23 Jul 2013 | 3:58 PM ET

    A Long Island contractor decided to buy the contents of a storage container for about $100 and inside he found a rare car that was in the James Bond movie, "The Spy Who Loved Me." The car is now up for auction.

  • Qatari riches buying influence—in the art world Tuesday, 23 Jul 2013 | 2:23 PM ET
    Mark Rothko's "White Center"

    While avoiding fanfare, a sister of the emir of this tiny Persian Gulf state has become one of the art world’s most important players. The NYT reports.

  • What is rich? Study takes a crack at the answer Monday, 22 Jul 2013 | 4:13 PM ET

    Everyone has their own definition of what it means to be rich, but a new study from UBS has a cold, hard answer: $5 million—with at least $1 million of that in cold, hard cash.

  • Celebrity jet chefs cook for the style-high club Saturday, 20 Jul 2013 | 1:00 AM ET
    Duff Goldman

    The private aviation company SMART JETS is trying to differentiate its service by offering clients something more, something you won't find flying commercial.

  • Three fantasy toys for the super-rich Tuesday, 16 Jul 2013 | 2:37 PM ET

    Summertime seems to bring out a rash of "fantasy" products for the super-rich—crazy trophy toys that are either too crazy or cutting-edge even for today's super-rich. A look at three of the best we've seen.

  • Saudi Prince Spends $19.5 Million at Disneyland Tuesday, 4 Jun 2013 | 3:09 PM ET
    Disney character Mickey poses in front of the Sleeping Beauty Castle at Disneyland park outside Paris, France.

    Disneyland likely says it gives visitors to its theme parks the royal treatment, but if you want to see the park through the eyes of a real prince be prepared to pay up.

  • 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.

  • Wealthy Pour More Money Into Vineyards Wednesday, 15 May 2013 | 6:56 AM ET

    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.

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