The third-most-expensive auction item, “No. 31 Yellow Stripe,” painted by Mark Rothko, was sold at Christie’s. The ...

A long-held lesson of economics is that the value of an item is what someone is willing to pay for it. Still, when it comes to auctions, that concept only partially explains the astronomical prices ...

Then you might consider adding a very special F1 item to your garage, but it’s going to cost you. For 99.99% of the occupants of the planet, driving an F1 car is a distant reality but an even lower ...

Over the last 15 years, prices paid at auction houses for paintings, sculptures and other art have skyrocketed, setting ever-higher bars for the most expensive art sold at auctions. Owning art has ...