I found this amusing: http://www.thesmokinggun.com/archive/years/2007/0111072wynn1.html
Steve Wynn purchased a Picasso painting for $48.4million, accidentally poked a hole in it, and is trying to get $54million from his insurance company. Plus he still gets to keep the painting... which he can probably still sell for at least $48.4million...
Now, to find a way to capitalize on this plan without having $48.4million in initial capital... (Something that appreciates rather than depreciating like cars. What would an insurance company pay 111.5% of the purchase price for that I can afford that would still be usable after the damages? Hmmm.)
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment