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...Throughout Asia's developing nations, once penniless painters are getting used to this most unexpected emotion. The region's contemporary-art market has never been so hot. Last year, a collection of dreamlike portraits and landscapes by China's Zhang Xiaogang raked in just over $24 million - more than British enfant terrible Damien Hirst made in 2006. In March, a sale of modern Indian art in New York City raised a record $15 million, including just under $800,000 for Captives, a stark evocation of desiccated torsos by New Delhi-born Rameshwar Broota. Two months later, an auction in London...

Author: /time Magazine | Title: The Color Of Money | 11/1/2007 | See Source »

...undistinguished gelding purchased for $75,000 by 10 middle-class New Yorkers. Funny Cide went on to win two of the three U.S. Triple Crown races in 2003, amassing more than $2 million in prize money. But the horse was a fluke. James Oldring, industry marketing manager with the British Horseracing Authority, advises against "any false expectations or hopes" and estimates that average returns rarely exceed 25% of total investments. Syndicate members say they don't do it for the money. They invest because they have a passion for horses and want to be more deeply involved with friends...

Author: /time Magazine | Title: Hobby Horses | 11/1/2007 | See Source »

...ownership has become easier for ordinary investors due to the proliferation of risk-sharing joint ventures called syndicates. The proposition is simple: syndicates allow up to 50 people to pool their money and collectively purchase, maintain and race thoroughbreds, and to share in the winnings. In the U.K., the British Horseracing Authority hopes such schemes will expand the sport's middle-class base. A few hundred pounds can give enthusiasts an insider's privileges, landing them not only a stake in a horse, but also access to the paddock, pre-race chats with trainers and jockeys, and the chance...

Author: /time Magazine | Title: Hobby Horses | 11/1/2007 | See Source »

...first-time heart-attack patients who returned to chronically stressful jobs were twice as likely to have a second attack as patients who found their work to be relatively stress-free. In another study published in October in the Archives of Internal Medicine, University of London researchers said that British civil servants with stormy intimate relationships had a 34% higher risk of heart disease than those with more placid personal lives. The emotions at play in tense marriages can do cumulative damage to organs and tissues that may leave people at greater risk of illness, the authors wrote. "There...

Author: /time Magazine | Title: Achy Breaky Heart | 11/1/2007 | See Source »

...year-old prince, third in line to the British throne, has been embroiled in several embarrassing incidents over the past few years. He was photographed sporting a Nazi Africa Korps uniform, replete with swastika armband, at a costume party in January 2005, and has fielded allegations from the British press for smoking marijuana and underage drinking. Video footage surfaced earlier in October that appeared to show him snorting vodka...

Author: /time Magazine | Title: Did Prince Harry Hunt Rare Birds? | 10/31/2007 | See Source »

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