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Tuesday, June 2nd, 2020 MST

Wealthy bailing out of dollars

A long-time client, who is a financial advisor, sent this:

I thought it was interesting that the Christie’s Art Auction brought in a record 745 Million yesterday.  A Francis Bacon piece sold for 80.8 Million and keep in mind that same piece sold for 15 Million 10 years ago.  Looks like the uber wealthy wants anything but cash.

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