About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
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Is the hot art market starting to turn?
With major art fairs taking place across the globe from Chicago to Istanbul to Shanghai, art enthusiasts, collectors and sophisticated investors alike are questioning whether to acquire works of fine art as investments. And as significant appreciation emerges in some corners of the art market, we see growing interest from clients about incorporating art into …
A sale is set to make history later Monday, with expectations that a multi-million dollar sale of a Pablo Picasso masterpiece could smash a world record. Picasso’s colorful 1955 cubist creation “Les femmes d’Alger (Version “O”)” will go under the hammer at a sale by auction house Christie’s in New York, with estimates that it …
It won’t be long before people start putting Ferraris on their walls. A new investment analysis of collectibles shows that classic cars are vastly outperforming the art market and were the top-performing collectible investment over the past year. For the 12 months ended in October, cars as a category posted returns of 25 percent while …
Fall auction season kicked off at Sotheby’s in New York City and the prices paid were eye popping.
“There aren’t bad investment products, just poor uses for them.” This was a line I was taught to parrot years ago in my training at one of the world’s largest insurance companies. But while clever and convenient, it’s complete and utter nonsense. A great number of investments simply don’t deserve your—or anyone else’s—attention or dollars. …
If you thought $35 million for a Ferrari was outrageous, get ready for this. A rare copy of Action Comics #1 – which features the first appearance of Superman – in near perfect condition, sold for a jaw-dropping $3.2 million on eBay Sunday, making it the most expensive comic in the world. The previous record was set in 2011 …
Wealthy car collectors shelled out more than $400 million for collectible cars at the Pebble Beach auctions over the weekend, shattering the previous record and raising new questions about a vintage-car bubble. According to Hagerty, the collectible car insurance firm, the sales totals for auctions at Gooding & Co., RM Auctions, Mecum Auctions and others …
If you have a collection of old comic books in your basement, it might be time to dig them out. Several recent big-ticket sales bolster the belief among several analysts that collectible comics are becoming a viable alternative investment for some people. (Warning: if your mother threw away your collection, stop reading.) One example: In …
Stocks were mixed with traders trying to determine what that weak jobs report will mean for the recovery.
Richard Madigan tells us his outlook for the markets and the economy in 2014.
Fall is high-end auction season and what’s up for bid could set a record.