Right now there are some absolutely historic events taking place in the financial world. KWN will expose what is happening for our global readers, and also include some comments from the legendary Richard Russell at the end of this piece…..
Sotheby’s just had a 59.60-carat pink diamond sell for an all-time auction record of a staggering $83 million. The previous record for a gemstone was held by Graff from several years ago, at $45.6 million. So, the latest auction shattered the previous record. This is a trend that has been continuing around the world, where the super-wealthy are exiting fiat money for hard assets such as art, diamonds, etc.
Speaking of art, yesterday an Andy Warhol painting sold for a breathtaking $105 million. Again, this shattered the previous Warhol auction record of $71.7 million. If you were impressed by that, then you should know the all-time record for the sale of any work of art took place two days ago at a jaw-dropping $142.4 million. [Francis Bacon triptych of Lucian Freud]
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