Laws banning children from working are often counterproductive. A better approach is to give parents incentives to send their kids to school
Tablets remain a problem in a record-breaking quarter
From Michael Dunn's trial in Florida to discord over open-carry laws in Colorado, the debate about gun control has driven Americans to indulge their worst behavior
The company misses earnings forecasts, drops its 2015 profit goal, and regroups
Chinese millionaires are moving in—and building up—in Arcadia, Calif.
A new book surveys the best places to hide out from the digital world
The two tech giants fight over market share and patents but not over the NBA superstar
More business schools than ever are accepting the GRE as an alternative to the GMAT, according to just-released data
Small businesses are changing hands at the fastest pace since the recession
By Venessa Wong
For the world’s wealthiest, money is no object when extraordinary things enter the market—even during a global recession. Items may be deemed "priceless" for their cachet, beauty, rarity, or historic significance. Extremely well-to-do consumers have paid $3 million for a gold iPhone, but more unbelievable sums have been offered for elite luxury goods. To identify some of the biggest sales ever made, Bloomberg Businessweek combed through years of news reports and blogs and spoke with high-end retailers and auction houses. We looked at objects ranging from automobiles and boats to jewelry and electronics. The biggest price tag is for the Russian billionaire Roman Abramovich’s new megayacht, the Eclipse, which is expected to cost as much as $1.2 billion. While average consumers cut spending during the recession, the market for diamond-studded accessories and high-end art has been surprisingly resilient. The economy has not deterred aficionados with the means to spend, says Bo Bengtsson, president of Transmission Audio, a company in Sweden that recently introduced a $2 million speaker set. "I’ve been getting calls from very rich people who are also huge music lovers," he says. Click here to see the world’s most expensive stuff.