ART

The World's Most Expensive Flip-Flops

Chipkos hopes its latest pair of fashionable flip-flops could help save the Costa Rican rainforests. One purchase will protect 100,000 square feet of the eco-rich land. But it's had no takers so far. Did we mention the sandals cost $18,000?

Inside Wall Street: Turbo-Charged Investment Managing

Wall Street is littered with so-called hot and smart investors who flamed-out during economic downturns or market crashes. But Marketocracy says its investment management teams are different -- with stock picks that have demonstrated proven, long-term staying prowess.

Logging In to Art from Around the World

The VIP Air Fair, which starts this Saturday, will feature 7,500 pieces of art by more than 2,000 artists, from nearly 140 galleries in 30 different countries -- and it will be held entirely online.

Andy Warhol Coke Bottle Painting Sells for $35 Million

An Andy Warhol image of an old-fashioned Coca-Cola bottle sold for $35.36 million at a Sotheby%u2019s auction of post-war art. The sale of 54 works raised $222.4 million including commissions, Reuters reported. Ninety-one percent of the works found a buyer.

Qatar May Bid for Christie's Auction House

Qatar is interested in purchasing world-famous auction house Christie%u2019s. "We are building a museum and it [Christie%u2019s] has links with the stuff we are collecting for our museum," Emir Hamad bin Khalifa al-Thani told The Financial Times. "It depends on the opportunity - if we had a good opportunity we would not hesitate."

The Antiques Roadshow's Most Valuable Finds

While few people strike it rich on PBS's Antiques Roadshow, there are some who turn out to have a true treasure on their hands. Here are five of the biggest valuations from the U.S. show and where the items are now.

A Picasso Sets a New Art Market Record

Recession? What recession? Plenty of cash is flowing into the art market, and sales records have been set in the depths of the economic downturn. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?

Sotheby's Prepares to Revive Art Price Guarantees

Christie's International says expects to have a better year in 2010 than it did in 2009. Yet there are degrees of recovery: Though the practice of guaranteeing minimum prices is poised to return, sellers won't see a swift return to the prices objects fetched at auction in 2007.

Is the Art Market Bust Finally Over?

After a year and a half of art market anguish, there are signs of a comeback, with the tone set by Lucian Freud's black eye. The coming wave of contemporary art auctions are estimated to be 68% higher than last year, bringing a renewed hope to collectors around the world.

The global art market finds its floor

The 2008/2009 art market ended seven years of astonishing price inflation. By the end of 2008, contemporary art suffered a price decline of 27.1...