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Originally Posted by bcbgcbrcb
You got it, Al. Kinda takes the challenge out of collecting when you can just buy everything that you want, no matter what the cost.
Based on what I read in the news before the first Christie's auction, the items were owned and consigned by a not-for-profit museum. It wasn't mentioned, and I truly wonder, how much of those funds that were spent accumulating that collection were grants from Major League Baseball and the like. That would make it all the more troubling, especially for those bidders competing against the whale and always coming up on the short end of the stick.
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The collector behind the sale is the son of George Roberts, the co-founder of Kohlberg Kravis Roberts (KKR). The father is worth over $5 billion. I doubt any outside funds were raised. Christie's relationship with George Roberts is the only reason it took the consignment.