A Russian billionaire who accused Sotheby's of teaming up with a Swiss art dealer to cheat him of tens of millions of dollars became tearful while testifying in court and calling for more transparency in the art market
He bought goods for a value that was greater than the value he imagined they would be worth. Isn’t that precisely how one would accumulate billions in the first place, except in reverse?
He bought goods for a value that was greater than the value he imagined they would be worth. Isn’t that precisely how one would accumulate billions in the first place, except in reverse?
It gets better. He resold one of the paintings in question for a profit of 320 million$. He is suing because his speculative profit wasn’t big enough.
the fastest way to become a billionaire is to start as a trillionaire!