Collector Maezawa drops $98 million on art in two days

Business May 12, 2016

Collector Maezawa drops $98 million on art in two days

by Katya Kazakina

Yusaku Maezawa, the 40-year-old founder of online clothing retailer Zozotown, continued his art shopping spree on Wednesday, helping Sotheby's reach $242.2 million in sales at its contemporary art auction even as the art market continues to contract. Maezawa said he is building a private ...

Cartier ruby nets record $30.42 million

Business May 13, 2015

Cartier ruby nets record $30.42 million

A Burmese ruby weighing 25.59 carats sold for a world record 28.25 million Swiss francs ($30.42 million) at a Tuesday auction that saw strong demand for colored stones and exceptional natural pearls, auction house Sotheby's said. "The Sunrise Ruby," which has the rare grading of ...