Current Conditions have that 1929 Feel
A week of historic desperation on Wall Street
Commentary: Current conditions have that 1929 feel
SPX) is down 10% since Buffett’s recommendation.
fuld is selling part of his art collection. the sale is thru christie’s. it was arranged in july and he is guaranteed 20 million no matter what they sell for. the auction house will have to make up the difference in any bid lower than 20 mil.
there are apparently only about 30 or so folks in that rarified air of art buyers. some of whom are russians who are not likely to show up.
lesson: fuld is a good negotiator ………………..when it comes to his own deals. so what else is new.