Owning art through an investment fund is appealing to the rich who are looking for access to pieces they can't afford on their own.» Read More
Lackluster sales at a recent Christie's auction may not be a sign that the frothy art market is finally breaking down.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Demand for fine art is thriving, but it is the priciest works that are attracting most interest, as a number of paintings sold for millions of dollars at the Frieze Masters art fair in London.
Diamond prices keep breaking records. The latest is a 118-carat, flawless D-diamond auctioned by Sotheby's for $30.6 million.
Will there be a price bubble for bubbly? We'll soon find out when a 99-year-old bottle of Moët Champagne is sold at Sotheby's.
When Jay Z starts rapping about Basquiat and Art Basel, is it time to think we've reached the top of an art bubble? At least one observer thinks so.
This year's Pebble Beach Concours d'Elegance, which runs through Sunday, is expected to set an all-time sales record. Here's a look at the cars that might snag the new record.
Valuing diamonds and the broader diamond "market" is virtually impossible. That makes diamond investing a risky venture best left to insiders and seasoned professionals.
Billionaire Warren Buffett is auctioning off an all-you-eat tour of the See's Candy factory in California to benefit an education nonprofit.
A new survey shows that a majority of families worth $30 million or more are focused on growth rather than preserving capital. That's up from last year's rate of 47 percent.
A 1954 Mercedes Benz Formula One racer just became the most expensive car ever sold at auction, having fetched $29 million.
The price of an Apple-1 computer sold at auction marks a huge increase from its 1976 sale price and shows how rare, highly prized vintage electronics are becoming a class of collectibles.
To meet China's demand for luxury goods, Chinese billionaire Wang Jianlin plans to invest $1.6 billion on a yacht maker and a London hotel.
America may be falling behind the rest of the world when it comes to creating entrepreneurial wealth, a study shows.
A new study found that the world's 2,170 billionaires hold an average of $31 million each of art, equal to 0.5 percent of their net worth. Here are the top 10 holders.
Family offices are becoming major players in financial markets. A string of billionaire hedge funders have transformed their funds into family offices. Could SAC be next?
The two-day auction of 1,200 bottles of wine from the Elysee Palace is on pace to surpass its estimate of $300,000, helped by the sale of a 1990 Petrus for $9,400.
Investors have a hard enough time reading 10-Ks and keeping up with corporate earnings. Now they're going to have to monitor Facebook and Twitter, too.
Wealth managers go where the money is, and the technology capital is flooded with the next crop of the newly rich.
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.