Sotheby’s says the 1562 picture of the fourth Duke of Norfolk set a record for an Elizabethan work.
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How is that good news? The record prices only shows that the rich got too much money and don’t know what else to do with it. 3 Million is rather pocket change in this regard but the 50 and 110 Million paintings which were auctioned in the last weeks show that way too clearly.
