Inside Wealth Inside Wealth: Spending


  • 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.

  • 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.

  • 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.

  • Mickey Mouse poses in front of the Sleeping Beauty Castle at Disneyland park outside Paris.

    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.

  • 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.

  • 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.

  • 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.

  • Ferrari is capping production this year. The stated reason: status protection. But what's the reality? Some experts think it may be a sign of lower demand for the luxury car.

  • The world's largest auction houses will host "blockbuster" sales of contemporary art this week, as buyers' tastes shift away from pre-19th century "Old Masters", a fine art expert told CNBC.

  • 'Les Pommes' by Paul Cezanne on display during a preview

    The first of the big spring auctions began Tuesday night at Sotheby's, as bidders put money on their walls rather than in the shakier financial markets. The New York Times reports.

  • The RUF CTR-3 pictured here is not Ralph Lauren’s actual vehicle, but he is driving a similar one in silver. RUF has sold 25 CTR-3’s since the product was launched in 2007, and only three of those were sold in the U.S.

    Ralph Lauren, the fashion mogul and vintage-car collector, recently took delivery of a new RUF CTR-3, according to people familiar with the deal.

  • Christie's Impressionist & Modern Art and Post-War & Contemporary sales preview.

    What are art lovers interested in this spring? A peek at the billion dollars worth of art on offer at Christie's and Sotheby's.

  • This Thoroughbred colt fetched $1.65 million on the auction block at Keeneland Association’s 2012 September Yearling Sale.

    During the recession, prices for Thoroughbreds took a devastating fall, with many predicting that top horse values would never recover to their 2005-2007 highs. But prices have now recovered some lost ground.

  • A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.

  • Federal agents remove computers from the Helly Nahmad Gallery at the Carlyle Hotel in New York.

    The FBI says the Upper East Side gallery figured in a gambling and money-laundering ring that stretched from Moscow to Los Angeles.

  • The 200-foot super yacht April Fool.

    The founder of the hedge fund Third Point has reportedly purchased the 200-foot "April Fool" from Sandy Weill, the former CEO and chairman of Citigroup for about $52 million.