May 12

Picasso Painting Sells For Record $180 Million In Christie’s Auction (ZeroHedge, May 11, 2015):

If the Fed’s bubble busting team led by Stanley Fischer was looking for runaway inflation, it could have easily found it earlier today without any particular effort, only not in the usual CPI place, but in the price of Women of Algiers (Version O), a “vibrant, multi-hued painting” from Pablo Picasso which moments ago became the world’s most expensive artwork, selling for $179,365,000, included the house’s premium in a Christie’s auction.

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