«I LIKE MONEY ON THE WALL»

Mr. Moses said that it shouldn’t be all that surprising that a few trophy paintings were selling for more than $100 million, even as the broad market languished. “There are over 2,000 billionaires,” he said. “If they’re putting together an art collection for 10 to 15 percent of their assets, they can invest at least $600 million in art. And a lot of them have many billions. So when they look for a centerpiece for their collections, they’ll reach for over $100 million. That’s not unusual given their relative wealth.”

-New York Times
 Dec 6 2013