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Wednesday, December 31, 2014

Spend, Spend, Spend

We are constantly being reminded that the UK is going through an economic recession, but dire as these times might be it would seem that the owning class can still spend millions in the auction houses. 'A £40m van Gogh, £15m Patek Philippe watch and a £5m Stamp: How 2014 saw super-rich investors make series of world record purchases at auction houses. Very rare 19th century stamp from British Guiana sold for £5.6m in June . 114 bottles of Romanee-Conti Superlot sold  for £1m  - £1,100 per glass.' (Daily Mail, 30 December) People starving while some parasite spends over £1,000 for a glass of wine. Capitalism is crazy. RD

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