Arts and Entertainment The Bay Psalms Book sold for $14.2 million at a Sotheby's New York auction last night

The work has become the most expensive printed book in the world

Nelson decoration to be auctioned

Lord Nelson's Breast Star of the Order of the Bath is to go on sale at Sothebys next month with an estimate of £300,000.

Money for old bones: Dinosaur fossils become big business

Sotheby's is to auction some of the world's rarest prehistoric relics

Aristocrats sell off their heirlooms to keep the wolves from the door

The aristocratic owners of some of Britain's most famous country estates have sold off art treasures worth £100m since the start of the recession. Many are heirlooms and are being sold at auction – often to foreign bidders – to pay for the renovation and upkeep of country homes. Cuts in government spending have raised concerns that treasure with heritage value will increasing be sold abroad as museums and galleries are unable to afford them. All these artworks come from stately homes, most of which are open to the public. Around £80m worth of major works have been sold in this way, while additional, smaller works are being marketed discreetly, an investigation by The Art Newspaper claims.

Art historians cast doubt over Earl Spencer's £9m Rubens

All eyes are on the star lot of the Althorp sale – but for the wrong reasons

Recession, what recession? Super-rich keep on spending

George Osborne might insist that "we are all in this together", but it looks like the super-rich did not get the memo. While the rest of the nation embraces a new age of austerity, the wealthy are snapping up status symbols such as yachts, multi-million pound artworks, private jets and jewels with renewed vigour.

'A Day in the Life' lyrics fetch $1.2m

The lyrics to the final song on the classic Beatles album Sgt Pepper's Lonely Hearts Club Band have sold for $1.2m (£810,000) at an auction in New York.

Countrywide expands with acquisition of Hamptons

Countrywide, Britain's largest residential estate agency and property services group, has agreed to buy most of its upmarket rival Hamptons International.

First-edition books may fetch £15m

A collection of first-edition books, described as the greatest of its kind, is estimated to sell for between £8m and £15m at auction later this year.

Picasso collection expected to fetch £2.5m

A collection of prints by Pablo Picasso is expected to fetch around £2.5 million when they are auctioned later this year.

Sotheby's offers up the cream of 20th Century British art

Four “important works” by L.S Lowry are among a collection of 20th Century British artwork due to be auctioned next Wednesday.

NYC house where Capote lived is on sale for $18m

The Brooklyn town house where Truman Capote wrote "Breakfast at Tiffany's" and other notable works is on sale for $18 million.

US woman killed by crocodile

A US State Department spokesman confirmed that a 25-year-old American woman was killed by a crocodile while snorkelling in India's Andaman Islands last month.

Picasso sells at auction for record £70 million

A 1932 Pablo Picasso painting of his mistress has sold for $106.5 million (£70 million), a world record price for any work of art at auction.

Bonhams withdraw Roman sculptures with 'Medici link ' from auction

A collection of Roman sculptures that was due to be sold at Bonhams auction house in London yesterday has been withdrawn amid concerns that the statues may have originally been illegally excavated.

Fiell at home: How Britain's most stylish couple is giving us 'tools for living'

The couple opposite may not be instantly recognisable – but their influence certainly is. Charlotte and Peter Fiell have spent two decades educating the public about good contemporary design – and now they're set to extend their influence across our lives...
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