Someone paid just $450 million for a da Vinci painting. OK, in principle it’s an investment. But basically it’s dramatic conspicuous consumption by some oligarch or mogul who could have done something fundamentally more worthy with this money. That same $450 million could have covered the World Health Organization’s TB, malaria, and reproductive maternal, newborn, child and adolescent programs for an entire year.
The only bright spot is that the payment is a pure transfer. I hope the seller picks this up.
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