By Mark O'Byrne of GoldCore
Art Market Bubble Bursting - Gauguin Collapses 74% To $22 Million
Te Fare by Paul Gauguin - Source: Christie’s
Russian billionaire Dmitry Rybolovlev paid €54 million or $85 million for a landscape by Paul Gauguin in a private transaction in June 2008. Yesterday, he incurred a whopping 74% loss on his store of value "investment" as reported by Bloomberg:
Art Market Bubble Bursting - Gauguin Collapses 74% To $22 Million
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