Sotheby’s took the highest bid for the most expensive artwork sold this year. Gustav Klimt’s “Portrait of Elisabeth Lederer,” ...

A long-held lesson of economics is that the value of an item is what someone is willing to pay for it. Still, when it comes to auctions, that concept only partially explains the astronomical prices ...

Fast food, in theory, should be inexpensive. In a perfect world, fast food menu items would still be cheap like they were in the good old days (the '90s, I guess?), but, alas, we now live in a ...