It’s not the holidays that have most of the world excited about South Florida this December. That’s right readers: Art Basel is on its way and we are bursting at the seams with eager anticipation.

Tom Cruise is at it again, but don’t worry, all near-by couches are reportedly in no danger. No, this time Cruise is sparking some real estate rumors in San Francisco. While some remain doubtful about the alleged purchase, the mega-star, married to actress Katie Holmes, has apparently coughed up $18 million for a locally famous house in San Francisco.

Multi-million-dollar properties change hands in the Hamptons.

Megha Mittal, the daughter-in-law of Indian steel magnate Lakshmi Mittal, just became the new owner of Escada.

On Friday, Hermès announced that the revenue from its stores in Europe, Asia and the United States had increased by 12 percent during the third quarter.

Henrik Fisker is dropping Leonardo DiCaprio’s name as the inspiration behind the Karma extended-range electric car.

Our roundup of the hautest events that took place in New York this past weekend.

Every year it’s the same for couples. Birthdays roll around and the back and forth banter ensues… “What do you want for your birthday?”…

Admittedly, New York has L.A. beat when it comes to museum groups and galas, but the trend is catching on here and there are a number of enticing reasons to become a member of L.A.’s fine arts organizations.