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Why This Fund Manager Paid $15 Million for a Painting Estimated at $200,000
The Houston-based hedge fund manager Bill Perkins walked into Christie’s on Thursday night, May 12, planning to spend $2 million. An hour or so later, he left having spent $15,275,000. “The plans went awry, to put it mildly,” he says, speaking the next day. “I was shocked, but I knew it was a possibility.” Perkins had come to Christie’s in New York for the express purpose of buying The Sugar Shack, a 1976 painting by the football player-turned-artist Ernie Barnes, whose work has belatedly been recognized as a seminal part of postwar American art. The painting in question depicts a dance hall populated by ... (full story)
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- May 14, 2022 7:30pm May 14, 2022 7:30pm
- Emma1
- | Joined May 2015 | Status: Member | 50 Comments
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- Edited May 15, 2022 3:53am May 14, 2022 10:10pm | Edited May 15, 2022 3:53am
- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3116 Comments
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