Friday, November 13, 2015

Silent Scream: Peak Fake Wealth

“There was a lot of electricity in that room,” said Joanne Heyler, the director and chief curator of the Broad Art Foundation. “It felt bubbly. We’re in a time when anything much under $10 million is a ho-hum lot.”

IPO Collapse. Biotech "re-pricing". China syndrome. All of these have monkey hammered Yuppy Etraders real good. 

Now those at the very top are next in line...

ZH: Nov. 12, 2015

Some abject dunce paid $70 million for this painting this week. It last sold in 1990 for $3.9 million "a steal":

Sotheby's Auction House