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The 1% love the yarts

Posted: 16 Nov 2017, 12:49
by Buck_naked
$US400 million for a da vinci painting auctioned at christies today.
sold by a russian.
abc website says $US450 million i thought the bidding stop at 400.
The 1% love the yarts eh? :lol: :lol: :lol:

http://www.abc.net.au/news/2017-11-16/r ... 6m/9156994

Re: The 1% love the yarts

Posted: 16 Nov 2017, 16:55
by Perrorist
It's just an investment for the buyer, to be locked away with their other acquisitions until it's time to liquidate it.

Re: The 1% love the yarts

Posted: 16 Nov 2017, 18:47
by lynny
Wonder what Christies commision is?
I'd be happy with 1% O:)

Re: The 1% love the yarts

Posted: 16 Nov 2017, 19:28
by Buck_naked
The bid was $US400 million. Auction fees $50 million.
UK has VAT dunnit? wonder if that was included?

Re: The 1% love the yarts

Posted: 17 Nov 2017, 09:57
by lynny
Who has $400 million?

Oh yeah Bill Gates, Mark Zuckerberg, a Spaniard, a couple of Kochs, a lot of other Americans, Beyonce.............

Re: The 1% love the yarts

Posted: 17 Nov 2017, 10:45
by Perrorist
According to the Guardian, it sold for US$450 million, which is nearly 600m in Aussie dollars.

Re: The 1% love the yarts

Posted: 17 Nov 2017, 11:11
by Buck_naked
The ABC showed it live, the winning bid was $US400 million.
The extra 50 mill was fees, but i was wondering wether it would be subject to VAT (aka GST)
Just wanted to make sure the 1% paid their fair share of tax..... :lol: :lol: :lol:

Re: The 1% love the yarts

Posted: 17 Nov 2017, 11:13
by Buck_naked
The auction was incredible , - to see bids jump by $US10 million increments...Crikey!

Re: The 1% love the yarts

Posted: 17 Nov 2017, 12:21
by Perrorist
A completely different world to the one we inhabit.

Re: The 1% love the yarts

Posted: 17 Nov 2017, 15:12
by grandduke
The poor, the sick, the hungry and the homeless and people are throwing
millions around feeding a fetish what vulgarity. :character-oldtimer: