Swiss logistics group Euroasia Investment SA plans to build a $100
million tax-free storage facility next to Beijing Capital International
Airport to tap the booming Chinese art market.
A painting owned by the widow of a Dutch-born
industrialist and Old Master collector sold for $35 million.
A
pink "sponge" painting by the French conceptual artist Yves Klein sold
tonight at an auction in London for a record $36.7
million.
A
Francis Bacon self-portrait sold tonight in London for $7 million at the beginning of a week of
auctions that will test international demand for contemporary art.
Mikhail Fridman, a billionaire shareholder in Russia's Alfa Group,
helped create a $1 million "Jewish Nobel Prize" to be awarded annually
with the Israeli government.
Greenlight
Capital Inc. co-founder David Einhorn entered next month's $1 million
buy-in tournament at the World Series of Poker, donating any profits to
the charity City Year.
Oracle Corp. Chief Executive Officer Larry Ellison has agreed to buy 98
percent of the Hawaiian island of Lanai, according to the current
landowner and the state's governor.
Rich individuals in China, which two years ago became the world's
second-largest art market, hold more of their wealth in collectible
assets than their peers anywhere in Asia.
Eleven bottles of some of the world's oldest champagne sold for more
than $156,000 at an auction in Finland today after 170 years at the
bottom of the sea.
by
Karen DeMasters
Queen Elizabeth, who is celebrating her Diamond Jubilee with 60 years on
the throne, is worth $510 million, according to Wealth-X.
A
court in Hamburg ruled that a German industrialist's grandchildren
have a claim to a Mercedes car worth about $4 million that
was taken by U.S. soldiers during World War II.
A
Francis Bacon self-portrait is estimated to raise more than 20 million
pounds ($31.3 million) at an auction in London.
Babe Ruth holds two more records as a shirt and a cap he wore in baseball games sold for almost $5 million.
by
Karen DeMasters
The world of high finance and high fashion will come together May 17
when U.S. Bank sponsors a fashion show by internationally known New
York designer David Hannant.
One of Edvard Munch's four versions of "The Scream" set a record
for a work of art at auction when it sold for $119.9 million.
A New York Yankees baseball cap worn by Hall of Famer Babe Ruth has gone
up for auction, 15 years after David Wells donned it for an inning on
the mound at Yankee Stadium.
by Margaret Talev
Critics say the White House is wasting an opportunity to promote U.S. winemakers by withholding state dinner wine lists.
by
Karen DeMasters
A new online venture called Artify It is offering artists the opportunity to loan out their works to subscription-paying art lovers.
Engineers dream of flying cars, and wealthy people are the target market.
by
Karen DeMasters
Four pieces of Tiffany silver and antique armor and weapons outshone
themselves at a recent Pennsylvania auction, where each brought much
higher than anticipated prices.
