Wednesday, February 8, 2017
Thank You Janet Yellen: Oprah Sells Ugly Painting for $150 Million
Oprah Winfrey sold a Gustav Klimt painting for $150 million in one of the biggest private art deals of 2016, reports Bloomberg.
She bought the painting “Portrait of Adele Bloch-Bauer II,” for $87.9 million in 2006 at a Christie’s auction in New York,
There is no way Oprah would have been able to lay the painting off for a $62.1 million profit without the help of Ben Bernanke and Janet Yellen money printing.
At the end of 2006, M2 money supply stood at $7.0 trillion. It increased to $13.2 trillion by the end of 2016.
That is the money supply increased by 89% during the period Oprah held the painting and she sold it for a gain of 71%.
at 12:37:00 PM