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Jho Low selling prized art pieces at a loss

Three pieces of artwork fetch about US$54m; they were pledged as collateral for a loan with Sotheby's
Saturday, February 13, 2016 - 05:50
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PABLO PICASSO'S TETE DE FEMME: This painting of Picasso's lover put up by the Malaysian financier fetched £18.9 million at a Sotheby's auction, 45 per cent lower than its November 2013 listed price.
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MR LOW: He is said to have been selling off art for at least a year

New York

MALAYSIAN financier Low Taek Jho has attracted attention for his flashy lifestyle and real estate deals, as well as his connections to the prime minister's family and the government's troubled investment fund.

Now he is creating buzz in the art world. Since Feb 3, he has