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Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha's text-based paintings, stands as a signature piece in Bezos' collection. As concerns over stock market volatility persist, the world's wealthiest individuals, including not only Bezos but media mogul Oprah Winfrey and acclaimed actor Leonardo DiCaprio, are increasingly turning to art as a strategic investment avenue. Art investment, often viewed as exclusive to the ultrawealthy, offers a unique combination of cultural prestige and financial resilience. It has demonstrated remarkable stability, serving as a hedge against economic downturns, inflation, and currency devaluation. For billionaires like Bezos, art represents not just diversification, but a sophisticated approach to wealth preservation and capital growth. Don't Miss: With returns soaring as high as 300%, it's no surprise that this asset has becom
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