Artists can breathe more easily today after the London auctions. I see a Francis Bacon triptych sold for $52M and a Franz Marc for $24.3M. Unfortunately all the buyers seemed to be Russians. One would have to assume that not only are our companies being bought up by outsiders but also the art that we bought up from Europe and Asia in the good times past. It reminds me of my old friend, Vojtec Blau, a Czechoslovakian Jew, who came to the US in the late 60's with $500 in his pocket and a knowledge of Oriental rugs. I loaned him some money from the bank I worked at in NYCity and he went to Europe and bought rugs from estates and "poor rich-folk". He made a fortune here. I wonder if he is buying them up now and taking them to Moscow and Shanghai?
Interesting article in the NYTimes today about Silicone Valley in Seattle. Actually it is in Fremont, a community just north of Lake Union where the statue of Lenin resides. The new start-ups are being called "Little Bills", after Bill Gates, "Little Jeffs" after Jeff Bezos of Amazon and "Little Sergeys", after Sergey Brin of Google. It seems to be thriving. We used to like this former sleepy community for the coffee shops and a couple restaurants.
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