Billionaire Ken Griffin just paid $500 million for two paintings by Abstract Expressionist masters in one of the largest private art deals ever. For most of the people on earth, it is just a waste of money to spend on paintings. Indeed, beauty is in the eye of the beholder. With $500 million, instead of spending on paintings, he can get 71,429 wells to serve about 143 million people in Africa through Water Wells for Africa, or he can get 100 Lamborghini Veneno Roadsters. (bloomberg.com)
Billionaire Wastes $500 Million for Two Paintings
Source: Art Institute of Chicago