Dick Cavett’s estate in Montauk is listed at $33.95 million, down from $62 million in 2017. Source: Corcoran It’s been a cruel summer for Hamptons real estate Real estate sales and prices in the Hamptons continued to fall in the second quarter, marking a year and a half of declines, according to a report from
Wealth
A pair of 1972 Nike running shoes became the most expensive sneakers ever sold at auction, fetching $475,500 at Sotheby’s. The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby’s and sneaker marketplace Stadium Goods. While
Jerome Powell, chairman of the U.S. Federal Reserve, said that downside risks to the economy remain with trade wars softening business investment and weak inflation. Bloomberg | Bloomberg | Getty Images People at the very top are a little confused by the current economy and top in the market. Warren Buffett has said that no
If it’s hard to believe that one fish could be worth a mind-boggling $2.6 million, then you’re probably not familiar with the high-stakes world of tournament sports fishing. The White Marlin Open in Ocean City, Maryland, is a week-long fishing competition held annually in August and in the fishing world, it’s basically the Super Bowl.
Flood waters cover a neighbourhood street after Tropical Storm Barry passed through in Mandeville, Louisiana on July 14, 2019. SETH HERALD | AFP | Getty Images Hurricane Barry dumped more than 23 in. of rain in places as it stormed up the Mississippi River Valley from Louisiana and Alabama to Arkansas and as far north
Getty Images Shopping “holidays” like Black Friday and Amazon Prime Day are designed to entice consumers to spend as much as possible on items they may not have planned to purchase. But even in the absence of such events, it’s common for consumers to succumb to pressures to make impulse buys. Nearly 90% of people
Guests view sneakers on display for “The Ultimate Sneaker Collection” online auction at Sotheby’s on July 15, 2019 in New York City. Dia Dipasupil | Getty Images A collection of sneakers being auctioned by Sotheby’s sold for $850,000, proving that rare sneakers are becoming a coveted collectible. Sotheby’s and digital retailer Stadium Goods opened the
Joe Biden used to joke about being “the poorest man in Congress.” It would be impossible for him to claim poverty now. The years since Biden left the vice presidency in 2017 have fattened his wallet. He and his wife Jill made more than $15 million combined in 2017 and 2018. [CNBC is looking at
A rare pair of Nike “Moon Shoes” could fetch as much as $160,000 in an auction held by Sotheby’s. The New York auction house is allowing collectors to bid on an array of rare sneakers in a digital lot, dubbed “Stadium Goods: The Ultimate Sneaker Collection Online.” The “Moon Shoe” is estimated to reach a
Pennsylvania state capitol building John Greim/LightRocket | Getty Images It is not an easy time to be the treasurer of Pennsylvania. Joseph Torsella, a Democrat elected treasurer in 2016, has to cope with a simple fact of life: age. His politically important swing state has the sixth largest economy in the nation — but it