cnbc.com / .cnbc-com-wealth

Luxury experts say aspirational luxury consumers are facing new pressures from inflation and a slowing job market, meaning fewer Birkin buyers at auction.

More than 80,000 collectors and art fans poured into Art Basel Miami Beach, with several works selling for over $1 million.

The U.S. led the global billionaire increase, with 92 new self-made billionaires representing wealth of $180 billion, according to UBS.

ABF involves lending against a specific asset, income stream, or loan rather than lending to a company based on its cash flow.

More wealthy New Yorkers are choosing to rent as condos lose value in Manhattan.

Byron Trott has helped many of America's largest family-led companies grow from cash-starved startups to financial titans.

Art experts and auction houses say the market is being boosted by a renewed sense of optimism among collectors and by several top collections coming to market.