Hedge Fund Manager Steve Cohen Buys $155M Picasso
Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report.
Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report.
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?
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.
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. Could online viewing change the selection -- and potentially the value -- of art?
PBS's Antiques Roadshow has inspired thousands of people to scour their grandma's attics. While few people strike it rich on the show, some turn out to have true treasure on their hands. Here are five of the biggest valuations from the U.S. show and where the items are now.
Recession? What recession? Plenty of cash is flowing into the art market, even as the economy struggles to get back on its feet. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?
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.
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.






















