Buy Art, Not Real Estate!
Posted by the dood on Wednesday, August 19th, 2009
Andy Warhol’s Michael Jackson portrait painted in 1984 fetched “millions” today at auction. The painting was recently purchased only in May for $278,500, and sold for an undisclosed amount. The estimated selling price was $10 Million.
This represents a hell of a return on investment. Heck, makes you wonder if the original buyer had anything to do with Michael Jackson’s death… would make a good murder mystery plot, anyway.