Watch maker Patek Philippe launches first new collection in 25 years
The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand.
The art market is in a correction as big spenders fade
Auction sales in the first six months at Christie's, Sotheby's, Phillips and Bonhams fell 26% from 2023 and 36% from the market peak in 2021.
The next big career track at business schools: Family offices
Top universities are launching a number of programs and courses aimed at training the next generation of family office leaders.
Crypto investor pays $6 million for a banana — and plans to eat it
Sotheby's auctioned off the infamous piece of work titled "Comedian," created by Italian artist and cultural prankster Maurizio Cattelan.
The top 10 family offices for startup investments
CNBC partnered with Fintrx to analyze single family offices that made the largest number of investments in private startups in 2024.
Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
Burberry is aiming to boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans announced Thursday.
Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid period, a new report showed...
Family offices becoming ‘economic powerhouse’ in private company deals
Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey.
Record numbers of wealthy Americans are making plans to leave the U.S. after the election
Attorneys and advisors to family offices and high-net-worth families said they're seeing record demand from clients looking for second passports or long-term residencies abroad.