http://www.bbc.co.uk/news/world-us-canada-32700687
Sad people in the world with more money than sense!
Sad people in the world with more money than sense!
$179m For that!!!!
- Thread starter koolpc
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Think of all the good in the world £179m would have done!! I assume the person who bought it is good at helping those in the world that are really worse off etc.
I wonder how they justify a rather arbitrary flat rate commission when the items go up that high... I mean they're earning an eight figure amount there while there are no doubt other items, perhaps worth a mere couple of million, that they'll sell which occupy just as much of their time and get featured in marketing etc..etc.. on which they'll only earn a low six figure amount
tis like in a restaurant when some banker can easily double or triple the bill for a table by ordering some expensive wine... most of the work done by the waiters was bring out the food etc.. yet if someone chooses to order some expensive wine instead of normally priced wine, they're not creating any extra work for the staff but because the bill has gone up by triple the amount an extra big tip is paid too as it is just an arbitrary % of the bill by convention
tis like in a restaurant when some banker can easily double or triple the bill for a table by ordering some expensive wine... most of the work done by the waiters was bring out the food etc.. yet if someone chooses to order some expensive wine instead of normally priced wine, they're not creating any extra work for the staff but because the bill has gone up by triple the amount an extra big tip is paid too as it is just an arbitrary % of the bill by convention
Why on earth would they need to be doing good for the world?
I would assume they have worked hard to earn that money, paying large amounts of tax on it too. If they feel that the price was fair and they could afford it then who are you to judge them?
Vintage GD. The only thing you forgot was that the guy who bought the painting has probably donated more to charity than most people will earn in their lifetimes.
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How do you know they have worked hard? Could be drug money! Could be Mafia money? Who knows!!
Was thinking of this, 12% commission on $160m, just WOW
But I met sales people at Sun Micro-systems/Oracle that got a 10% commission for sealing deals worth $10-25m.
indeed
though the problem with this as an investment is that while artwork might well be able to generate rather large returns this piece might well have a few constraints in so far as, though it is desirable, at the price it is at the more it increases the fewer buyers there are who can even afford it... which could have quite a dampening effect on the price in itself
you'd have to be banking on the wealth of billionaires in general to increase at the same rate, which also then implies that your 'alternative' investment in this particular instance doesn't actually offer much diversification
Soldato
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Considering the uproar caused by that Jackson Sisters' 'wardrobe malfunction' a few years back, I'm just surprised they didn't put 'modesty tape' over the nipples.
How's about rejecting this then...
http://www.fwi.co.uk/business/farmer-rejects-275m-bid-for-his-220ha-farm.htm
http://www.fwi.co.uk/business/farmer-rejects-275m-bid-for-his-220ha-farm.htm
I've got a big big issue with that too... it isn't like the customers are mug consumers (well most of them aren't) - it is often the pre-sales staff that make or break software deals at that level yet it is some sales guy at the top who gets the 7 figure bonus
annoyingly the sales guys can waste plenty of resources flying people around the world chasing leads they've not even properly qualified, with requirements we're not even going to be able to attempt to meet... and we sacked one guy who did this where I worked he still managed to turn up at a competitor as an MD
If you've got $179m 'to burn' as you put it you've likely got a few more hundreds of millions, or billions to whatever you like with too....
Plenty of very rich people buy artwork - their houses don't tend to cost much (relatively speaking), their living expenses are a tiny portion of their wealth at that level... their wealth is tied up in bank accounts, portfolios, stakes in companies... why not invest some of it in an asset you can hang on the wall and show off to guests
on the other hand some (rather more modestly) wealthy people do chose to actually burn their cash:
(this did start out as an art project and the video became another one onced they'd burned the million)