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  • How to invest like a young Warren Buffett
  • Post author
    Paul Fraser
  • Howinvestliketo

How to invest like a young Warren Buffett

We've got a bit more news for you following the $43.8 million sale of the Andy Warhol masterpiece 200 One Dollar Bills, last week.

A Sotheby's representative confirms, "Auctioneer Tobias Meyer opened the bidding at $6 million and was immediately met with an almost unheard of response — a bid of $12 million, twice his opening bid.

"Five more bidders raised their paddles before the winning bid was cast by an anonymous purchaser bidding on the telephone."

As the world's leading collectibles news service we have done our research and can tell you 200 One Dollar Bills last sold in 1986 - for just $385,000.

Remember... it just sold for $43.8 million.

That's a return of almost 23% per annum for the last 23 years.

To put that into perspective...

Warren Buffett's Berkshire Hathaway group has managed 18.83% per annum over the last 20 years.

Contact us for more details on investing in Luxury Collectibles.

+44 (0) 117 933 9503

info@paulfrasercollectibles.com

  • More news on Art
  • Post author
    Paul Fraser
  • Howinvestliketo