Russian billionaire takes 74% loss on painting

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realisedurgency
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Russian billionaire takes 74% loss on painting Mar 4, 2017 0:29:35 GMT 7 Fletchsmile likes this

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Post by realisedurgency on Mar 4, 2017 0:29:35 GMT 7

I always here of the big numbers antiques and fine art go for but don't hear about the big losses as often. Billionaire problems.
www.bloomberg.com/news/articles/2017-02-28/that-85-million-painting-bought-as-an-investment-now-down-74
:'(

Deleted Deleted Member Posts: 0 Likes:	Russian billionaire takes 74% loss on painting Mar 4, 2017 6:13:19 GMT 7 realisedurgency likes this Quote Select Post Deselect Post Link to Post Back to Top Post by Deleted on Mar 4, 2017 6:13:19 GMT 7 I feel his pain, really I do. Guess he'll be living on instant noodles and stale bread for the next few years.
	Last Edit: Mar 4, 2017 6:13:58 GMT 7 by Deleted

Deleted Deleted Member Posts: 0 Likes:	Russian billionaire takes 74% loss on painting Mar 4, 2017 13:36:23 GMT 7 Quote Select Post Deselect Post Link to Post Back to Top Post by Deleted on Mar 4, 2017 13:36:23 GMT 7 I took an 82% loss on one share last year but ended the year 32% up. Swings and roundabouts.

Fletchsmile
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Russian billionaire takes 74% loss on painting Mar 6, 2017 21:35:06 GMT 7

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Post by Fletchsmile on Mar 6, 2017 21:35:06 GMT 7

Definitely sounds like he got overcharged in the first place. Not surprising he isn't happy with the Swiss guy that procured it for them.

Still, it could have been worse. His kids could have scribbled all over it or he could have slipped and spilled coffee on it LOL

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Russian billionaire takes 74% loss on painting

Post by realisedurgency on Mar 4, 2017 0:29:35 GMT 7

Post by Deleted on Mar 4, 2017 6:13:19 GMT 7

Post by Deleted on Mar 4, 2017 13:36:23 GMT 7

Post by Fletchsmile on Mar 6, 2017 21:35:06 GMT 7

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