Personal Finance Advice and Commentary

Monday, November 17, 2014 12:11 pm
By Judy Martel · Bankrate.com

The rich are paying record prices for works by well-known artists.

Wednesday, May 21, 2014 7:30 am
By Judy Martel · Bankrate.com

Billionaires around the world are investing millions to become patrons of art.

Monday, December 02, 2013 6:00 am
By Judy Martel · Bankrate.com

Bidders took the prices of diamonds and art to new levels at the November auctions.

Monday, November 19, 2012 6:00 am
By Judy Martel · Bankrate.com

Investors who are nervous about the stock market are buying tangible assets.

Wednesday, May 05, 2010 3:59 pm
By Judy Martel · Bankrate.com

The numbers just keep going up. Seems every time we look, there’s a new spending record being set by the wealthy. This week, Pablo Picasso’s 1932 portrait of his mistress, “Nude, Green leaves and Bust,” fetched $106.5 million at a Christie’s auction in New York. It was — needless to say — the highest amount ever paid for a work of art at auction.

Only three months ago, a buyer spent $104.3 million for an Alberto Giacometti sculpture, “Walking Man I.” Picasso’s art came near that price in 2004, when he set a pre-recession record of $104.1 million for “Boy with a Pipeshe.” …
(Click on headline to read more.)