Arts and Culture

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Art Trumps Equities, Index Says

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The co-founder of the Mei Moses Fine Art Index says investors can exceed equity performance with even low-priced artwork.

Billionaire Koch Says Consigner Sold Him Bogus Vintages

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Billionaire wine collector William Koch told jurors in Manhattan federal court that he was promised the “best of the best” of rare French vintages from a 2005 auction and instead wound up with...

Lacrosse Gets First Million-Dollar Player

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Helped by friends and classmates now on Wall Street, lacrosse star Paul Rabil is building his wealth and his brand amid a surge of interest in his sport.

Russian, Indian Billionaires Join Top U.S. Museum Boards

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Some of the nation's top museums are stocking their boards with foreign donors, who can often help negotiate loans and navigate bureaucracies broad.

Fund Offers Gains By The Bottle

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The Oracle Paradis Wine Fund was launched by the Oracle Capital Group in December, at a time when wine demand is being propped up by burgeoning emerging market wealth.

Billionaire Koch Makes Fake Wine Claim Into Federal Case

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When most people get a bad bottle of wine, they send it back...

Super Bowl Victory Creates Many Winners

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The Baltimore Ravens’ Super Bowl victory was not only a coup for the city, but was a multi-million dollar financial victory for several key people involved with the event, according to Wealth-X.

Millionaire Sells Canned Air To Beat Beijing's Smog

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As north China chokes on toxic smog, a Chinese entrepreneur is offering a solution: canned air.

Dolce And Gabbana Become Billionaires Amid Global Spending Spree

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A surge in global demand for luxury goods and clothing has unveiled three Italian billionaires as valuations of the world’s best-known fashion brands soar.

Designer Tory Burch Becomes Billionaire

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Fashion designer Tory Burch's retail empire was valued at $3.3 billion when her former husband sold about half of his stake.

Axa Donates American Masterpiece To Met

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Axa Equitable has donated Thomas Hart Benton’s epic mural, "America Today," to the Metropolitan Museum of Art in New York City, the museum and Axa Equitable announced.

Madonna Corset Makes $52,000, Indiana Jones Whip $32,000

The items were part of a cache of pop and movie memorabilia auctioned off by Christie's.

‘Wealth Of Nations' To Be Auctioned

A first edition of Adam Smith’s book could sell for as much as $120,000 at auction next month.

Sandy Churns Up $40M In NYC Art Insurance Claims

Axa SA said it has received $40 million in claims for damaged art in the Chelsea district.

Billionaire Paulson Donates $100 Million For Central Park

Billionaire John Paulson and the Paulson Family Foundation are donating $100 million to the Central Park Conservancy, the largest parks donation ever.

Picasso's $8.5M Lovers Sell As VIPs Browse Frieze

A Pablo Picasso painting priced at $8.5 million was among early sales as billionaires browsed London's biggest Frieze Week.

Famous People Need Not Apply As Ivy League Hunts For Presidents

Princeton University, Dartmouth College and Yale University are all searching for new presidents, fueling speculation that some top Washington officials may seek haven in the Ivy League.

Gundlach's $10M In Art Found As Suspects Charged

Jeffrey Gundlach, the CEO of DoubleLine Capital LP who had about $10 million in art stolen from his home in Santa Monica, California, two weeks ago, said all the works were recovered.

Brooke Astor Dog Paintings, Tiepolo, Teapots Head To Sotheby's

Philanthropist Brooke Astor's lacquered Japanese cabinets, Louis XV clocks and porcelain tea sets are heading to the auction block at Sotheby's on Sept. 24 and 25.

America Drinking Top-End Wine Fuels Napa Deals

A surge in luxury wine sales have made California vineyard properties a hot commodity.

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