Arts and Culture

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Russian Billionaire Backs 'Soviets' At Manhattan's New Museum

Billionaire Leonid Mikhelson, Russia's 15th-richest man, has thrown his wealth behind a museum show opening today in New York to mark the 20th anniversary of the collapse of the Soviet Union.

Garden Sprouts $32 Million Statue

by Scott Reyburn

The masterpiece by Dutch sculptor Adriaen de Vries was uncovered during a routine property valuation.

Heiress Jewels Fetch $2.9M At Auction


Jewels that once belonged to the richest woman in England sold for $2.9 million at auction today as collectors buy gems with historical value.

Christie's Art Auction Tallies $301M

The market for trophy art roared back after a three-night slump as Christie's saw its biggest tally for a New York evening contemporary-art sale since May 2008.

Work$ Of Art

by Colleen O'Dea

Increased competition in the auction and appraisal industry is giving collectors more tools for cashing in on their valuables.

Luxurious Liquidity

by Craig Copetas And Guy Collins

Priced at up to $2,400 per bottle, CHateau Margaux is one of the world's rarest investable "commodities."

Art 'Masterpieces' Not Always Best Investment

As postwar and contemporary art auctions begin in New York this week, 66 Andy Warhol lots will test the market's appetite for one of its biggest stars. What's the best buy?

'Idol' Icon Among UK Music Industry's Richest

Simon Cowell has amassed a fortune of $331 million, enough to propel him into the Top 10 of U.K. musical millionaires, the Sunday Times said.

Ayn Rand Resists Hollywood's Call

How is it a novel so many readers describe as "life-changing" took 54 years and a gaggle of producers, writers and directors to bring to the screen?

Hedge Fund Guru Goes Long On Music Center

When hedge-fund manager Joe DiMenna was looking for a symphony to support more than a decade ago, the Orchestra of St. Luke's in New York caught his ear.

China Millionaires Fuel Art Sales

China's growing ranks of millionaires are set to buoy sales at Sotheby's spring auction in Hong Kong as collectors seek fine porcelain, wine and paintings. 

For Ultra Wealthy, It's Party Time Again

The world is beset by crises, from an earthquake and tsunami in Japan to revolution and repression in the Middle East. For one small segment of the population, however, it's party time.

Billionaires Get Choosy At World's Largest Art Fair

Collector's at a $1.4 billion art fair in Maastricht held back from buying because of the ongoing political unrest and natural disasters, dealers said.

China's Art Market Overtakes U.K., Report Says

China has overtaken the U.K. to become the world's second-largest art market after the U.S., according to new research.

Slim Tops Forbes Billionaire List

Carlos Slim remains the world's richest person for a second year with estimated assets of $74 billion, according to Forbes magazine's annual global ranking of billionaires.

World's Richest Man Unveils $34M Museum

Billionaire Carlos Slim, the world's richest man, gives a sneak peek tonight at his new Soumaya Museum in Mexico City, representing one of his biggest gifts to the art and museum worlds.

Lost Warhol Portrait Fetches $17M

A rediscovered Andy Warhol self portrait that hadn't been seen in public for more than 30 years last night helped a London sale raise the highest total in the U.K. capital since June 2008.

Warhol Coke Bottle Fetches $35.4M

Andy Warhol's Coca-Cola bottle painting sold for $35.4 million at Sotheby's, making the artist the star of New York's contemporary art auctions this week.

Warhol, Hirst To Boost $76 Million Test Of Art Market

by Bloomberg News

Works by Andy Warhol and Damien Hirst will lead contemporary-art sales in London next month that may raise at least $76 million and test a fragile market recovery, dealers said.

Wealthy Seek Cash Through Auctions

Long used for estate sales, wealthy individuals are turning to auctions to sell jewelry, antiques and other valuables.

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