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“A 1935 Picasso just sold for an all-time record of $106 million. The opening bid price was a mere $56 million, and at that price bids came in from all over the world. Big money is gobbling up jewelry and works of art as fast as it can. Why? They want intrinsic wealth instead of fiat junk money. And remember, these cats didn't get rich by being stupid.” Richard Russell comment.
I think the purchase will mark an important milestone of how stupid people become at major turns.
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