I was with a billionaire once (18B at the time) who impulse bought a jumbo jet for 40M - so he wouldn’t miss a meeting - and said “I’m gonna expense it and I’ll just sell it later”. He didn’t even bat an eye, just started walking up the steps.Heuerville wrote:Who knows!
I know that I, and most of you see shit like this, and are guilty as seeing it as utter frivolous dick swinging and a waste of $, but to be honest.. If I was a (1bn) billionaire, and my wealth was going up my 5% per annum for doing fuck all (that's approx 1 million a week), then I'd probably buy it, in the same way I might buy a g-shock or Seiko now.
Different rules I guess.
Nick - auction buyers premiums vary from auction house to auction house, but it's typically 20% with all costs added up.( This is based on regular priced watches, not multi-million stuff!!)
I did another deal with one who made 30M a year in interest off of one investment, and he would spend it each year on “things”. He was the same guy who flew his jumbo jet to Augusta to watch the Master’s but hopped the fence each day to get in because “ticket prices are way too high”.
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