Sunday, 14 February 2016

Is Mr. Low selling art works by famous painters at loss?

Interesting news from the land of the very rich and the very famous:

From Bloomberg:

Flashy Malaysia Financier Said to Sell Picasso at Loss

Apparently that flashy Malaysia Financier is Mr. Low Taek Low or better known as Jho Low among his friends. Jho Low is said to be involved in the 1MDB scandal but his name is never acknowledged within the 1MDB circle in Malaysia. Read here and here.

All I can say is that these pictures by those famous artists such as Picasso, Monet etc. are worth millions of USD and you will really have to have loads of cash to play-play with these art form which would normally increase in value over time. 

Surely if you have to sell the pictures at a loss, then surely you needed the money quite fast right? 

In any case it would be interesting to follow the news on this one.

1 comment:

Anonymous said...

The trend follows.....all are sold at loss. Why must they care? The money does not belong to their bloody father and grandfather.