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When it comes to wealth, New York County is “the most unequal county in the US,” according to Queens College professor and sociologist Andrew Beveridge. He explained the phenomenon in a recent talk at the Symposium on Inequality and reported by CityLab. After climbing in the 1990s and 2000s, median income is back down to […]

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Westhampton-Hampton Bays Patch has the scoop that the East Hampton Town Board will not be banning the use of personal helicopters on weekends in the affluent town on Long Island’s South Shore. The board handed down the decision on Tuesday, stating that the proposed helicopter ban was too restrictive. Councilwoman Kathee Burke-Gonzalez proposed a 4-part […]

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In post-recession Manhattan, the rich are making nearly as much as they did before the economic disaster, while the poor are make the same or even less. The Census Bureau’s American Community Survey, released today, reveals that the top 5% in Manhattan took in $854,394 in the final year of Bloomberg’s administration, 88 times the […]

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In the most recent issue of The Baffler, Rhonda Lieberman published an extensive piece on the art collectors of the “new Gilded Age.” Almost everyone Lieberman mentions is both obscenely wealthy and exploitative. One of them is Bernie Madoff, whose office art included a four foot screw so expensive that Madoff’s lawyer didn’t want it disclosed […]

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Fashion Week in New York, sponsored by Mercedes Benz, has been good for brands catering to the rich. “Business this season has been strong at Bergdorf Goodman…statistics indicate that this is true throughout the entire luxury-goods sector.” […]

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Best interview editing ever at Art:21. In voiceover, Jeff Koons blabs about moral responsibility and a liking for ready-made objects as his many assistants make his objects for him. “Some people think that my work is just about money,” whines one of the world’s wealthiest artists. […]

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ArtInfo’s round up of the world’s wealthiest artists names Damien Hirst as “likely the world’s richest,” ca-ching-ing up there on par with the collector monarchy with a bounty of $338,000,000. Also: Murakami, Koons, Schnabel, Kapoor and Johns.  […]

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