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
Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.
In their rush to avoid the tax hikes of the "fiscal cliff," investors may end up with regrets.
If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.
An Andy Warhol canvas led Christie's $412.3 million sale in New York, signalling a shift in tastes to midcentury and contemporay American work.
Sotheby’s contemporary art sale had total sales of $375 million, shattering the old record of $362 million set in May 2008, before the financial world collapsed.
In the wake of Sandy, the election and the Dow's fall, the fall auction season began with a sale that could generously be described as “subdued.”
The United States added more than 1,000 millionaires a day under the Obama administration.
Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
America's richest citizens are feeling optimistic about the economy, especially the future returns in technology, energy, and health care.
Spending by the super-rich has largely recovered in areas like art, wine, super cars and mansions. But new orders for yachts over 130 feet are down by half since 2008.
The battle over Whitney Houston's fortune is not particular to the Houston family. How much is too much to leave the kids?
A new study finds that affluent voters will spend more, invest more and put more money into their businesses if Romney wins in November.
A study from American Express Publishing and Harrison Group shows that holiday spending will grow 33.5 percent among the top one percent of earners this Christmas, to $3.4 billion.
Election experts and lawyers say law specifically prevents employers from telling workers they could lose their jobs if they vote for a certain candidate.
Seeking to avoid more division over his wealth tax hike, the French president moved to squelch a legislative amendment that would extend the tax to art assets.
A new survey shows that multi-millionaires use advisers for only half of their money, or less.
Big fashion brands are fretting over whether to offer their wares on Amazon as its move into clothing forces them to decide if the website is a lucrative new sales channel or a threat to their prestige