High-value paintings by Gustav Klimt and Salvador Dali failed to sell at a $124.7 million auction in London tonight as wealthy buyers of Impressionist and modern art balked at over-ambitious estimates.
China’s Internet sales are surging as Alibaba Group Holding Ltd. and rivals lure more of the nation’s 618 million users to shop online, suggesting conventional retail-sales figures understate the strength of consumer demand.
The art collectors Ulla and Heiner Pietzsch gave the city of Berlin 150 paintings, drawings and sculptures by artists including Salvador Dali and Rene Magritte with an estimated value of 120 million euros ($160 million).
Aliaksei Yafimau shudders at the memory of the burly thug who threatened to kill his relatives. Yafimau, who installs satellite television systems in Babrujsk, Belarus, answered an advertisement in 2010 offering easy money to anyone willing to sell a kidney.
Last year, Marc Kaye suffered a cash shortage. He had tuition to pay at three colleges -- including Harvard and Columbia -- and his insurance business wasn’t generating enough commissions to cover the bills.