Bloomberg Businessweek (North America)
Art Squeeze
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.