As a postscript to our last post (and in the meantime a Francis Bacon has been knocked down for $US86 million) the Kaufmann house we posted on when we were in Palm Springs last year, was sold at the same auction for $US15 million. That’s nearly six of Richard Neutra’s masterpieces for one painting. The warning? Get out of real estate.
Friday, May 16, 2008
Warning to collectors
Posted by jim and Mary at 1:38 PM
Labels: architecture, auction, warning to collectors