Top Links #53: Blue Boy, Larry Summers, Paul Krugman and the housing theory of everything
Great links from Chartbook newsletter by Adam Tooze
Thank you for supporting Chartbook Newsletter.
Railroad tycoon Henry Huntington was over 70 when he acquired “The Blue Boy” from the Duke of Westminster for $728,000 (equivalent to $11.3m today) in 1921 then the highest price ever fetched by a painting. The broker was dealer Joseph Duveen, who recognised in American new money and European Old Masters a …