Assets of ultrarich come closer to earth
A slowing global economy and growing uncertainty spoil the voracious spending appetite of the world's billionaires.
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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 sold for US$13.2 million.
For the ultrawealthy, 2015 was an embarrassment of riches.
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