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Sotheby's Art Auctions โข NEW YORK ๐บ๐ฒ, by Daniel Silk on Nov 14, 2022 0:45:52 GMT 1, Anyone fancy buying a Picasso? ๐ Coming up for auction today at Sotheby's in New York.
https://www.instagram.com/p/Ck58iB0jjOw
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Sotheby's Art Auctions โข NEW YORK ๐บ๐ฒ, by Daniel Silk on Nov 15, 2022 2:11:07 GMT 1, $8.5Million for this Alexander Calder piece at Sotheby's in New York, more than 2x the high estimate.
https://www.instagram.com/reel/Ck9khMQI9nW
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Sotheby's Art Auctions โข NEW YORK ๐บ๐ฒ, by Daniel Silk on Nov 15, 2022 7:29:23 GMT 1, Amazing watching these clips of the auction in New York ๐ณ looks like plenty of money still sloshing around. Maybe investors are nervous of money in banks, so are happier putting money into high end art that in the long-term will surely rise?
https://www.instagram.com/p/Ck987pIolMY
Amazing watching these clips of the auction in New York ๐ณ looks like plenty of money still sloshing around. Maybe investors are nervous of money in banks, so are happier putting money into high end art that in the long-term will surely rise? https://www.instagram.com/p/Ck987pIolMY |
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Sotheby's Art Auctions โข NEW YORK ๐บ๐ฒ, by Jules Leotard on Nov 15, 2022 7:54:43 GMT 1, When a guy who is really bright and his entire fortune relies on people spending every penny they have to stockpile his coffers tells everyone to stop spending money and hoard some cash to get through what is coming, I tend to listen:
I hope Bezos is wrong, but 'normal' people should try to bolster their liquid assets in the near-term.
A slew of negative feedback cycles are getting ready to kick-off. One of the most important, in my opinion, which ties into recent yield-curve inversions is the amount of money wasted by governments in 2022 (compared to any year in recent history) on interest on their national debts. Money that was filtering into the economy via spending will now be going into bondholders pockets and just sitting there. Off the top of my head, interest on debt will cost 3-4 times what it did in 2021 when it is tallied for 2022.
When a guy who is really bright and his entire fortune relies on people spending every penny they have to stockpile his coffers tells everyone to stop spending money and hoard some cash to get through what is coming, I tend to listen:
I hope Bezos is wrong, but 'normal' people should try to bolster their liquid assets in the near-term.
A slew of negative feedback cycles are getting ready to kick-off. One of the most important, in my opinion, which ties into recent yield-curve inversions is the amount of money wasted by governments in 2022 (compared to any year in recent history) on interest on their national debts. Money that was filtering into the economy via spending will now be going into bondholders pockets and just sitting there. Off the top of my head, interest on debt will cost 3-4 times what it did in 2021 when it is tallied for 2022.
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