$104.2 million... what would I buy for a hundred million dollars...A few days ago an unknown buyer bought a 1960 Alberto Giacometti sculpture "Walking Man I" for the incredible sum of 65 million pounds at Sotherby's, setting a new record for a work of art.
This isn't all that surprising since wealthy are scrambling to find more stable forms of investment other than the markets. With blue chip companies like Toyota experiencing an unexpected shake up in consumer confidence, a potential resurgence in art may be beginning.
I guess there are certainly a few that aren't feeling the pinch.
