Record-Breaking Auction: This Artwork Hits $142M

Nov. 13 (Bloomberg) –- 2013 has been a banner year for auctions of high-end collectibles like cars, jewels and art. Troubled hedge fund manager Steve Cohen is a major player in the collectibles game -- not only did he buy the most expensive piece of art ever sold to a U.S. citizen, he's also putting his own art collection up for auction at Sotheby's this week. Here's a look at 2013's biggest record-smashing auction sales. (Source: Bloomberg)

How Long Will Chinese Growth Rates Decline For?
35:28 - China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. UBS Head of Global Asset Allocation Mads Pedersen discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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