Auctions

Rich people who bought too much used to be called collectors. Now they - and those who only belong to the target class - are all investors.It's not just that they've spent the last year getting involved in untested, start-up public…

A small painting by Sandro Botticelli fetched $ 92.2 million on Thursday at Sotheby's in the first major test of the new year on the art market.The result, an auction record for the Renaissance painter, was also the highest price paid for…