LUXURY

Auctioneers are wigging out over Elizabeth Taylor.

Dressed in a surgeon's white garb, Caviar Meister Tobias Felix slits open the slimy, grey skin of the sturgeon on the table in front of him to reveal Switzerland's latest luxury delicacy.

In something akin to King James I's succession of Queen Elizabeth, menswear is poised to overtake womenswear and claim fashion's royal throne.

A Superlot comprising 55 bottles of 1952 vintage wine from DRC Romanee Conti was sold at a staggering price of $813,333 to a Chinese collector thereby setting new auction records.

For the 50th anniversary of the Council of Fashion Designers of America (CFDA), the Museum at the Fashion Institute of Technology is hosting an exclusive exhibition to display iconic creations.

Tommaso was a stray cat that Maria Assunta found and took care of because of her love for animals. Now, Tommaso is considered the world's richest cat and the third richest animal. Assunta died at age 94 last month and Tommaso inherited the entire family fortune of $13 million (Euro $10 million), according to the Guardian.

Dennis Varni remembers buying his first car, a 1931 Ford Model A, more than a half century ago when he was 14.

LVMH said on Monday that Michael Burke, head of Italian fashion brand Fendi, would become chief executive of jeweller Bulgari in February as part of a management reshuffle following its acquisition.

Young, gorgeous and a popular YouTube beauty guru, Annie Jaffrey leads quite a beautiful life.

World’s Richest Cat Owns $13 Million: Stray Inherits Entire Estate, Bank Balance from Owner

A recent analytical report by digital marketing organization, Zeta Interactive Corp has mentioned that couture designers like John Galliano, Michael Kors, Vera Wang and Jason Wu are among the most 'buzzed' designers of the year 2011.

The fashion industry and luxury connoisseurs across the globe are eagerly awaiting the worldwide launch of H&M's Girl with the Dragon Tattoo fashion collection. The 30-piece collection is being released in tandem with the film of the same name.

Fashion was a high point at the 2011 Marrakech International Film Festival attended by renowned actors, writers, and personalities from around the globe.

Norwegian fashion model and Vogue contributor, Hanneli Mustaparta, has joined the parade of top supermodels, like Miranda Kerr, Sasha Pivovarova and Karolina Kurkova for Rag and Bone's DIY campaign.

Some of the oddest runway styles captured in photos.

Birkin bags are handmade treasures by Hermès. The bags are somewhat symbols of great wealth because they are not easily obtained by the public.

Just days before one of the most anticipated jewelry sales in years, an auction of diamonds, sapphires and other gems produced middling results.

Buoyant demand for luxury menswear, driven by China's male-dominated market, has prompted big industry players such as LVMH and PPR to step up their investments in the fast-growing market.

Luxury fashion house, Mulberry has posted a 44 percent increase in its first-half sales owing to the rapid growth of its Asian market.

The Chanel Pre-Fall 2012 show was a nod to Indian decadence melded with Parisian flair and dripping in gold.

British luxury fashion brand Mulberry said it had substantial room for growth in Europe, the United States and Asia, as it reported first-half profit more than treble last year's due to robust international demand.

Her Majesty's Revenue and Customs (HMRC) has warned 102 fashion houses in Britain to avoid exploiting interns before the onset of the next London Fashion Week.

The ongoing feud between two fashion powerhouses - the Council of Fashion Designers of America (CFDA) and the Camera Nationale dell Moda Italiana - continues, with the former rejecting a request by the Italian fashion council to cancel the final day of the 2012 New York Fashion Week.

Wednesday's Valentino Garavani Virtual Museum launch party at the IAC Headquarters in New York City was a star-studded event attended by the likes of Sarah Jessica Parker, Claire Danes and socialite Daphne Guinness.

Greece's financial crisis could certainly use the help of a drachma -- provided it's the 2400-year-old coin that is poised to fetch $2.5 million when it is auctioned next month.

A petition has been signed by art historians to prevent the drilling of holes into a fresco in Florence's Palazzo Vecchio. The fresco may contain artwork by acclaimed Italian Renaissance polymath, Leonardo Da Vinci.

Cristiano Ronaldo's gorgeous fiance Irina Shayk poses naked for a new UK skincare ad campaign. The results are steamy.

Chinese and Indian appetite for diamonds will fuel demand growth of more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines, Bain & Company said in a report.

A Chinese bank is in talks about taking a stake in Saab, in the latest attempt to rescue the crisis-hit Swedish car maker after an earlier deal to secure its future ran into trouble.