At Sotheby&#39;s, high stakes and 5 records
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NEW YORK Taking huge gambles with estimates once again threatens to wreak havoc in the auction arena. On Thursday night, Sotheby&#39;s Impressionist and Modern Art team played the highest stakes ever in this field.
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Art collectors have consigned artworks valued in the hundreds of millions of dollars for the November sales at New York's auction houses. Christie's and Sotheby's, the city's two most popular houses, say estimates for sales totals are the highest in almost 15 years.
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Tomorrow's huge winners are out there today. The trick is to find them.
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An auction of modern and Impressionist paintings becomes the most lucrative art auction held at Sotheby's.
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NEW YORK - Bidding was fierce for a few big-name works at Sotheby&#39;s fall sale of Impressionist and modern art in New York Thursday evening, but others fell short of pre-sale estimates and about a fifth of the offerings went unsold.
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The spectacular art collection of a German multi-millionaire goes on show Wednesday amid a raging debate about the source of his fortune: an inheritance from his grandfather, a top Nazi industrialist.
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A painting by John Singer Sargent sells for $23.5m (Â£12.1m), setting a new auction record for the artist.
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Britain&#39;s Damien Hirst has been crowned  the world&#39;s most expensive living artist at auction, lifting a  title held for 18 years by America&#39;s Jasper Johns.
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At 77, Warren E. Buffett, the countryâs most famous investor, is in the midst of his hottest streak in almost a decade. And he is capping his run with a flurry of deal-making.
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Bill Gates remains keeper of top berth, while Waltons sweep list&#39;s fourth through eighth spots. By Madlen Read. NEW YORK -- It looks like the US billionaire&#39;s club isn&#39;t quite as exclusive as before.
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At an auction of Kennedy memorabilia at Sotheby's on Tuesday, most lots had multiple bidders, and most of the prices soared to more than 10 times what anyone had expected.
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The euro set a record high against the  dollar for the fifth session running on Wednesday and tested  last year's lifetime high against the yen as investors' bearish  views of the U.S. currency dominated markets.
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Mandalay's Las Vegas Strip properties once again provide record results.
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Records raise new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
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In the auction world almost nothing is more intriguing than fresh, unknown collections. Sothebyâs has found a new route to them this fall: outsourcing the saleâs expert.
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New evidence of damage wrought by the U.S. mortgage sector surfaced in the United States and Europe on Wednesday while banks demanded a record amount of cash at a euro zone money market auction.
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Art collectors, sensing that the market, may soon reach its peak have consigned hundreds of millions of dollarsÂ worth of works for November sales.