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Assets of ultrarich come closer to earth

A slowing global economy and growing uncertainty spoil the voracious spending appetite of the world's billionaires.
Saturday, March 12, 2016 - 05:50

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DOWNTREND: Prices for central London luxury properties dropped overall in 2015, with the steepest declines in two of the city's wealthiest neighbourhoods: Belgravia (above) and Knightsbridge.

New York

LAST year, a New York City penthouse sold for US$100 million and another went into contract for US$200 million. Christie's auctioned Picasso's Women of Algiers for US$179 million, and Sotheby's sold the 12-carat Blue Moon of Josephine diamond for US$48.4 million. A vintage Jaguar

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