Pablo Picasso’s cherry-red musketeer painting “Homme a l’epee” has been sold for a whopping $11.5 million, the highest price of the season, and it leads Sotheby's sale of Impressionist & Modern Art. With the pre-sale estimates of between...

Last year, Bollywood beauty Katrina Kaif was featured on the cover of Damas-designed "Kohl" magazine, which was covered with 91 grams of gold and encrusted with 622 diamonds, and it was valued at more than $10,000. Now, Nomenus Quarterly, a...

The Katania megayacht, which was once chartered by Hollywood actress Hilary Swank and her husband Chad Lowe, costs less than $3000 per day, all thanks to the recession. Normally, it charges an additional $49,500 charter fee for one week. Amid the...

While some automakers are asking for government bailouts amid the financial meltdown, Rolls-Royce, the BMW-owned British brand, is talking about its best sales in 18 years. With Rolls-Royce selling 1212 cars globally last year, we can say that the...

With the recession hitting wealthy collectors over the last year, the auction houses have faced one of their toughest seasons in years. This year, we saw auctions where great works of art did not find potential buyers. But some of the auctions really.