Pieces of Eight: $19m Buffet Lunch, A Nobel Cause and A Plan To Fail.
Our Take: Watch the momenthistory was made with a bid in excess of $103m for Dmitry Muratov's Nobel Peace Prize. The auction received a vast amount of coverage across the globe, and with good reason. The journalist's elevation to an international hero ensured bidders from across the globe were prepared to pay an enormous premium compared to the previous record of $4.6m, but this was still exceptionally high in comparison to early estimates. The audible gasps in the 90 second video capture that surprise beautifully.
Our Take: The Titanic continues to entrance collectors due to the combination of anincredible story and romanticism of the event by Hollywood. These rudimentary plans held particular interest due to the close ties it has with Robert Falconer Keith, the man who launched the doomed liner. Recent lots of note include a selection of memorabilia featuring a badge given to a female friend aboard the ship shortly before it sank which fetched £68,000 and a letter written by passenger Oscar Holverson which achieved £126,000 in 2017.
Our Take: Buffett once said that the best way to combat inflation is to “be exceptionally good at something”. He has expanded on this point several times and gave the example that “the best brain surgeon, or even the best lawyer in town, will retain their purchasing power”. Well Buffett is clearly following his own advice as lunch with the world’s greatest investor has increased from $25k at the start of the millennium to $19 million today. Of course, it has been possible to fractionally own Buffett’s investment decisions at any time since 1965 by buying shares in Berkshire Hathaway, the company he manages.
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🖌 Showpiece number three Andy Warhol's 'Reigning Queens' is launching next week but it's not too late to sign up for early access!
That's it for this week, thanks as always for reading and if you have any comments please get in touch via firstname.lastname@example.org.
The Showpiece Team
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