Monet Painting for 80 Million Dollars: An Investment Vehicle?

I heard the sale of Claude Monet "Le bassin aux nympheas" characterized as an investment vehicle.
It fetched around 80 Million Dollars at the Christie's sale in London.

The Independent shares the details in Monet masterpiece sells for nearly £41m (June 25, 2008).
Do you collect Art for Art's sake or as an hedge against market turbulence?
Is is wise or plain wishful thinking?

Related: Milles Sabords...1932 Tintin Cover Original Painting fetches $1.2 Million

Previous Post

Wind and Solar Powered 'Charge Station' for your Mobile at Glastonbury Festival

Jun 25
For the second year in a row, Gotwind will provide a solar and wind powered Recharge Station for your mobile devices (commissioned by Orange) at the Glastonbury Festival (UK) on June 27 to 29. The station generates enough power to charge as many as 100 phones per hour. And it glows in the dark as their illustration shows. As for the music, Johnny Sharp says I still love Glastonbury. Here's why. The Guardian site also...
Next Post

'Japan Cuts', Not Sandwiches, New Japanese Films Festival, New York, July 2-13

Jun 26
Tired of the same old film talent, want fresh cuts instead of stale ones, the Japan Society brings new celluloid heroes to New York with Japan Cuts. From July 2 to July 13, Japan Cuts presents 18 feature films getting their U.S and/or NY premiere plus a sidebar tribute to late filmmaker Kon Ichikawa. They run the gamut from Sukiyaki Western Django (on July 5th) an homage to spaghetti western by Takashi Miike, featuring you...