Would You Pay $450 Million For A Piece Of Art

Leonardo da Vinci’s painting, “Saviour of the World,” sold for $450,312,500 Wednesday at auction, Christie’s said. The price, which includes a buyer’s premium, makes it “the most expensive painting ever sold at auction,” the auction house said in a recent statement. The previous record for the most expensive painting sold at auction was $179,364,992 for Picasso’s “Les Femmes d’Alger” (“Women of Algiers”), according to Christie’s. The highest price previously paid at auction for a da Vinci was in 2001 for his “Horse and Rider,” a work on paper, which went for $11,481,865.  This begs the question about whether or not it is a good idea to add collectibles into your overall portfolio and which collectibles may make sense if you have no real interest in collecting anything at all. With all of the hoopla going on this year in California, one might stop and think that fine wine could be a good collectible as part of your overall holdings. In fact ...

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