Rich Monitor
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Sotheby's 3Q loss widens
Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.
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Going local --- In a shaky art market, collectors stick close to home
From Michigan to Italy, contemporary-art collectors are passing on works by international art stars and skipping far-flung art fairs and auctions. This year, they're buying local.
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In Tax Case, 4 Days Save Robertson $27 Million
What a difference four days can make.
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Bonus boom will buoy luxury property market
A wave of around £6bn ($9.9) in bonuses expected to be distributed to City financiers in spring will support London's prime property market in areas such as Chelsea and Kensington, although the mainstream market is expected to continue to decline.
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Life after the City: Emyr Thomas
For one former corporate financier, a taste for the London high life developed into a successful business managing the luxury lifestyles of City clients. Emyr Thomas tells his story.
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Top-end mortgages are strictly for VIPs
To secure a big mortgage it is no longer enough to be a mere millionaire. Lenders are inclined to favour the ultra-wealthy, with other assets in their stables and new business to offer.
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Hedge Funder Buys World’s Largest Sailing Yacht
At least someone is buying megayachts.
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Lazard Hires Trust Head For Wealth-Management Business
International merchant bank and money manager Lazard has hired former Fiduciary Trust adviser Sharon Klein to oversee the delivery of trust and estate-planning services to its private clients in the U.S. She reports to Thaddeus Shelly, chief executive of Lazard's U.S. wealth-management business.
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Will the Rich Evolve Into A Different Species?
The rich have already created their own country. Are they about to create their own species?
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First UBS client charged by US gets probation in tax case
The first US client of UBS prosecuted in the US government's wide-ranging offshore tax-evasion probe was sentenced on Wednesday to three years of probation and a year of home confinement.
Most Read
Brummel
Relocation, relocation, relocation
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Rich Monitor
Sotheby's 3Q loss widens
Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.
