Robert Frank

Robert Frank is an award-winning journalist, best-selling author and a leading authority on the American wealthy. He joined CNBC in May 2012 as Wealth Editor. Since then, he has covered the lives and financial decisions of the ultra-rich, providing insights into their investment strategies, lifestyle choices and philanthropic endeavors. His work often highlights income inequality and the widening wealth gap in America. Frank's reporting also delves into emerging trends among high net worth individuals, such as private doctor services, luxury real estate prices and family offices' evolving roles in the financial landscape. Prior to CNBC, Frank worked at The Wall Street Journal for more than two decades. He has been a reporter and editor in New York, San Francisco and Washington D.C., covering everything from politics to technology. His journalism has earned numerous awards, including the Pulitzer Prize for investigative reporting. In addition to his journalistic pursuits, Frank is a best-selling author with several books on wealth inequality and the lives of the rich to his name. He frequently appears as a commentator on television and radio programs, offering expert analysis on economic issues and financial news.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

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Examples:

No current examples available.

Conflicts of Interest

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Examples:

No current examples available.

Contradictions

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Examples:

  • Art market saw first contraction since the start of the pandemic in 2020 with global auctions falling 27% and average price dropping 32%
  • During the first quarter of this year, sales in contemporary and postwar category plunged 48%
  • Expected key May art sales at major auction houses to total $1.2 billion, down 18% from a year ago

Deceptions

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Examples:

No current examples available.

Recent Articles

Art Market Decline: Christie's Cyberattack Disrupts $1.2-$1.8 Billion Spring Auctions and Affects Buyer-Seller Confidence

Art Market Decline: Christie's Cyberattack Disrupts $1.2-$1.8 Billion Spring Auctions and Affects Buyer-Seller Confidence

Broke On: Friday, 10 May 2024 The art market, which reached record-breaking sales during the pandemic, is facing a decline in sales and uncertainty following a cyberattack on Christie's auction house. With confidential data potentially compromised and online bidding unavailable, analysts are uncertain about its impact on buyers and sellers. Despite strong demand from buyers, supply is an issue due to fewer big collections up for sale this season. The average price of artworks sold at auction decreased by 32% in 2023, the largest single-year decline in over seven years. Women artists are finally getting their due with sales up 10% last year to $788m.