Art Squeeze

Bloomberg Businessweek (North America) - - Markets/ Finance - �Katya Kaza­k­ina

Malaysian fi­nancier Low Taek Jho, known for big spend­ing, sold three art­works for about $54 mil­lion in early Fe­bru­ary, ac­cord­ing to peo­ple fa­mil­iar with the mat­ter. The pieces, the sources say, were part of the col­lat­eral for a $100 mil­lion loan from Sotheby's Fi­nan­cial Ser­vices. Two went for much less than the prices Low paid. It's un­known whether he made or lost money on the third, a Monet.

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