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Why This Fund Manager Paid $15 Million for a Painting Estimated at $200,000

By May 20, 2022No Comments

Bill Perkins came to Christie’s and sparked an epic bidding war. He says it was worth it.

The Houston-based hedge fund manager Bill Perkins walked into Christie’s on Thursday night, May 12, planning to spend $2 million. An hour or so later, he left having spent $15,275,000.

“The plans went awry, to put it mildly,” he says, speaking the next day. “I was shocked, but I knew it was a possibility.”

Read the full article by Forbes’ James Tarmy HERE.

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