Confirmation that investors are seeking other safe havens for their capital was bourne out yesterday when an unknown investor paid £41,000,000 for Monet's Waterlilies. The painting which was estimated to fetch only half that price was bid on by 11 prospective buyers - that's 11 people willing to pay in the region of $80m for a painting!
This just shows that although the capital markets are struggling there are investors with liquidity and there are alternative markets for that cash.
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