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Picasso's "Women Of Algiers" Sells For Record-Setting $179 Million At Auction
#26

Picasso's "Women Of Algiers" Sells For Record-Setting 9 Million At Auction

Quote: (09-11-2015 08:49 AM)El Chinito loco Wrote:  

Quote: (09-11-2015 01:08 AM)kaotic Wrote:  

Not to sound so crude and unintelligent by why on earth would people pay so goddamn much for a painting ?

At a certain level of wealth money has diminishing returns. There's only so many houses you want to buy, planes, yachts, fancy restaurants etc..

Guys who are billionaires and loaded as fuck won't think anything about dropping 20 million dollars for some ming vase or a hundred million something plus for a painting. It's just figures to them. It's not even really a significant blip on their expense report. A guy who has billions is earning so much money every year in interest, business income, etc.. that it's literally unlimited money to spend in a lifetime.

God forbid they use the cash to help out the poor instead

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