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(Bloomberg) -- Eric Clapton will sell a Gerhard Richter painting valued at about $20 million in an auction that will test the market for the German artist’s work -- and show the musician’s prowess as a collector.
The canvas, titled “Abstraktes...
According to a new analysis by the Tax Policy Center (TPC), the top 1 percent of Americans get 27 percent of the tax breaks doled out by the federal government.
Sotheby's on Monday previewed the contemporary art collection of late rock star David Bowie at their gallery headquarters in New York ahead of its auction in November.
(Bloomberg) -- The lonely $250,000 S-Class coupe at Mercedes-Benz of Greenwich says it all. For six months, it’s been sitting in the showroom, shimmering in vain while models priced at only $70,000 fly out the door...
(Bloomberg View) -- The Harvard Management Co., which oversees Harvard University’s endowment and other investments, just released its 2016 annual report. Its grim reading: the fund had a negative return of 2 percent and was worth about...
The rich are still getting richer. | Copyright Graeme Robertson, Getty Images
The rate at which global financial assets increased in 2015 slowed to 4.9 percent, nearly half of the rate of the previous three years, according to the seventh edit...