According to ArtWorld Salon contributor Alexandra Peers, in an article for Vanity Fair online, the Royal Family of Qatar has celebrated a decade of high profile Art buying by spending that amount on the last of Cezanne’s Card Players. (The painting was purchased from the estate of the late Greek shipping magnate George Embiricos.) That is quite a number, and a new record for the highest price paid for a single work of Art. You could pay for the entire budget of the Museum Of Modern Art in New York for almost two years with that sum.
And what else? I started to wonder. Here is my quick list. In January 2012, US$ 250 million buys:-
10 decent sized mansions in the Hamptons
100 upper-middle class family homes in Beijing
1000 Ferrari 458 Italia Coupes in Rome
10,000 Ducati 1199S motorcycles in Paris
100,000 complete (3 yr) high school educations including accommodation, food and healthcare in Lhasa, Tibet
5,000,000 milking goats in Dar es Salaam, Tanzania
50,000,000 egg-laying chickens in Dhaka, Bangladesh
Interesting, no? So let me ask you again. What would you do with $250 million?