As the U.S. stock markets race to new highs, there has been increasing chatter about a forthcoming correction. Economic chaos reigns in Europe with constant debates about austerity and bailouts, and China seems destined to slow further as its credit-fueled investment boom ends. Commodity markets...

The last two weeks marked a major milestone in the world of art. Between May 5 and May 15, a record $2.7 billion of art was sold at Christie’s, Sotheby’s, and Phillips during a Spring auction bonanza that included sales of Impressionist and contemporary art...

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