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I have written about Sotheby’s many times in the past, because it has the curious role of being basically the company catering specifically to Very Rich People. Let’s face it, folks like you and me aren’t bidding tens (or hundreds) of millions of dollars on pieces of art. In the past, Sotheby’s has been an interesting harbinger of psychological shifts in the market, but I must say, I’m not seeing it here. It just keeps blasting to lifetime highs. All that central bank money has to flow somewhere, I guess……..might as well be a $150 million painting.

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