A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In 1989, Byron Trott was working at Goldman Sachs in the private wealth management division when he paid a...
Category: Wealth
Klimt painting sells for record $236 million, reviving hopes for the art market
People talk near the Leonard A. Lauder Collection (Portrait of Elisabeth Lederer) during a preview of the auction house Sotheby’s new headquarters in Manhattan, New York City, U.S., November 7, 2025.Eduarod Munoz | ReutersGustav Klimt's "Portrait of Elisabeth Lederer" sold at Sotheby's Tuesday night for $236.4 million, making it the...
Prada says Milan listing still on the table — but won’t commit until timing is ‘six months away’
Luxury Italian brand Prada still plans to become a dual-listed company but won't commit until its listing date is "six months away," the firm's CFO Andrea Bonini told CNBC's Charlotte Reed in an exclusive interview.Speculation about a possible dual listing, with the group currently listed on the Hong Kong Stock...
Sotheby’s CEO sees ‘very strong demand’ ahead of $1.4 billion art auctions
The fall auction sales in New York next week are expected to top $1.4 billion, marking a 50% increase from last year and a potential rebound for the art market after three years of declines, according to art experts.A star-studded lineup of famous trophy works — from a $150 million...
One in three Manhattan condo owners lost money when they sold in the last year
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although...