A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist. » Read More
Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.
An over-supply of mega-yachts in the Mediterranean has led to heavy discounting and deals for yacht renters. Some are offering free private jet flights with a yacht rental.
The slowing economy has led to some unprecedented bargains in the charter yacht business. Click ahead to see what kind of yacht is for rent at a discount this summer.
Sports fans hold strong opinions about basketball salaries, but economics professor David Berri developed a statistical method to see which players are the most overpaid.
Luxury watch brands are launching high-end, high-tech smartphones with the craftsmanship traditionally associated with the art of watchmaking.
No wonder tennis star Rafa Nadal was so sad about losing his watch this week. The company that makes it is totally sold out of the product.
New Fed data show that while the middle class lost more than a third of their wealth between 2007 and 2010, the top 10% gained. The reason is quite simple: the wealthy owned more stocks.
The $370,000 luxury watch owned by tennis great Rafa Nadal was stolen..and now found.
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Miami's high-end real-estate market is hot, but with wealthy foreign speculators providing the heat, a global stumble could cool it off in a hurry.
The wealthy have been turning to the concrete value of collectibles during the financial crisis. But some of the sector's stability is illusory.
In the past, investors rarely cared much about off-the-job spending by CEOs. But in the current climate, the yacht and Ferrari habits of CEOs may, indeed, be relevant to investors.
Classic cars have been steadily increasing in value, but once you own one of these cars, the cost of restoration, insurance and taxes start to mount, until your investment becomes more about love than money.
High-end New York brokers were asked: If your client were spending $30 million or more, what five apartments would you show them?
Financially speaking, 2010 was a pretty good year to enter the next life if you were wealthy. There was no estate tax, so heirs inherited their dad or mom’s fortune without paying the usual 35 percent or more in estate taxes. Next year, however, could be different.
Click ahead to see the vintage guitar with the deepest cred —and some of the highest prices paid by enthusiasts.
A new study finds that a top concern for both wealth parents and their kids was the impact of wealth on their relationships.
Economic growth in China has created a voracious appetite for luxury goods. Now wealthy shoppers there are shunning labels they see as tainted by the common touch.
In the luxury business, Burberry has highest number of Facebook fans, at 12.6 million. Gucci comes in second, with 7.8 million.
An IRS report on the top 400 earners in America – known as the Fortunate 400 – found that their incomes fell 41 percent between 2007 and 2009. Their effective tax rate also climbed to 19.9 percent.