#record bid

[portalofrealneeds]

Chinese Developer pour in S$1B bid for Queenstown GLS site

Chinese Developer pour in S$1B bid for Queenstown GLS site

A huge residential plot at Stirling Road launched by the government drew a record price of over S$1 billion in a joint bid from Logan Property Holdings (LPH)and Chinese conglomerate Nanshan Group. LPH is a new Hong Kong-listed entrant to Singapore market, originating from China’s Guangdong province

The bid of S$1,050.7 per square foot per plot ratio (psf ppr) on gross floor area is very bullish…

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[bargaingingerkitty]

Basquiat painting fetches record price at auction

Joining the rarefied $100 million-plus club in a sales room punctuated by periodic gasps from the crowd, Jean-Michel Basquiat’s powerful 1982 painting of a skull brought $110.5 million at Sotheby’s, to become the sixth most expensive work ever sold at auction. Only 10 other works have broken the $100 million mark. - The New York Times

Sadly, Jean-Michel Basquiat didn’t live to see this mind-blowing sale. In August 1988, the gifted, young artist overdosed on heroin and died in his NYC art studio at the age of 27.