"As the credit crisis lightens middle-class wallets, the super-rich are continuing to buy the finest art, antiques and wine, according to the Royal Institution of Chartered Surveyors (RICS). Bordeaux Index, the wine merchants, says that Russian, Latin American and Asian buyers are helping to prop up the high-end art and antique market. Roman Abramovich, the Russian owner of Chelsea Football Club, is believed to have spent £17.2 million on Lucian Freud's painting Benefits Supervisor Sleeping - a record price for a living artist."
(Times, 8 July) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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