Sotheby’s announced they were taking a one time charge to pay off Dan Loeb’s legal expenses. For those of you who are unfamiliar, Dan tried to wrest control of BID from the current management team, most likely because it’s a super cool thing to have–the famed auction house and all. I am sure Dan spends plenty of money at the house, and his friends, and his wife’s friends, his neighbors etc. I believe a soup cup just sold for $36 million. How fantastic!
But, as fate would have it, Dan’s billions meant nothing to the blue bloods at Sotheby’s, aside from jacking them for 3 seats (count em’) on their board. They dialed up their noses real high, after surrendering the seats, and paid for Mr. Loeb’s legal expenses, chartered flights, and whatever gratuitous expenses that might have occurred over the past 6 months.
Tough guys.
Back in Brooklyn, we’d call this extortion or under kinder circumstances “go away money.”
It’s good to be King.
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After you have a certain amount of money, there is very little else to do or buy. And it really doesn’t take that much. I’d say after about ten million, all you have to aim for is enough to have a boat or a plane. And then once you’ve got your 100million, you really get bored. You gotta try to but expensive art cups or what not.
soup cups are awesome, especially one’s the cost more than 35 million.
If you have a few billion, what are you supposed to do — go to crate and barrel and have the same damned soup cups everyone else has?
And by the way, where are you supposed to spend that money. There literally aren’t enough things to spend it on.
You can buy properties and houses around the world, but that begins to be a big headache and now you need a big staff and then you never use the properties anyway.
Instead, you buy a *very nice* soup cup, no one else has one like it, and you use it a few times per week….all the while keep your weight down through a soup diet.
Money well spent.
Nonsense.
Money shouldn’t make you spend money on idiotic things.
Listen, and I’m only going to say this once….
HORSEBALLS.
Go suck on them.
What about 3 Cherried Cokes/day?
Though I’m not sure if this is in support of or opposition to your statement (which I happen to agree with)…
Whores, cocaine and ecstasy. I could easily spend millions on those.
Philanthropy perhaps
I’m reading up on him now. He seems like a conflicted individual… http://www.rollingstone.com/politics/blogs/taibblog/dan-loeb-simultaneously-solicits-betrays-pension-funds-20130411
At least he has a sense of humor: [quote] Loeb being Loeb, he could not resist adding salt to Ackman’s wounds. In July, after Icahn made his big investment in Herbalife, he wrote on his Bloomberg terminal, which allows communication among traders, about a “New HLF product: The Herbalife enema administered by Uncle Carl.” Then, in August, as Ackman’s investment in the retailer J. C. Penney was blowing up—he lost $500 million on his $1 billion bet—Loeb again took to his Bloomberg terminal, to paraphrase Napoleon: “Never interfere with an enemy when he is in the process of destroying himself.” http://www.vanityfair.com/business/2013/12/dan-loeb-cuba-car-accident
Money is interesting. It gives a person a bigger canvas on which to display their characteristics. If a zillionaire is a neurotic nutcase, it is painted up there in technicolor for all the world to see. If they are sane or generous, they can do more with that too.
That Chinese man who purchased the $36MM 500 year old chicken cup was most likely a buyer on behalf of The Barry Rosenstein. The vessel will hold his soy sauce for his poolside sushi and General Tso’s on the deck of his $147MM piece of America in quaint little Connecticut.
If I had that kind of money I’d open up a golf course where there is free daycare for bastard children and the caddy walks your dog with you while you play.
I would play there….in fact I would become a member.
+1
You would do nothing of the sort. I am sure you’re spend all of it on hookers and cocaine.
Is that not included with membership??
+1
I wouldn’t join any club that had me as a member — Grouch Marx
My golf course would punish the losers with water board torture. The course would resemble a battle stricken city, e.g. Dresden circa 1945, Nagasaki etc.
You grew up on asphalt jungle, I can not blame you for these perverted thoughts.
Touché
Fly 402 halgbloodpope 1
Most of my money I spent on beer and wimmen.
The rest of it I just wasted.
fly, your misgivings against the midwest should now multiple: http://www.forbes.com/sites/danalexander/2014/05/07/top-venture-capitalists-leave-silicon-valley-bet-their-careers-on-midwest/
my current company, which we formed right here in columbus:
http://www.forbes.com/sites/brucerogers/2014/01/07/is-veeam-the-next-billion-virtualization-and-cloud-software-company/
.
….. OPPORTUNITY …..
Opportunity…
Came to my door…
When I was down…on my luck.
In the shape…of an old friend…
With a plan…
Guaranteed!
Showed me the papers…
As he walked me to the car.
His shoes…finest leather.
He said…
You could wear this style…
Follow my advice!
He owned a gun…
The calibre escaped me.
But I noticed…straight away…it made me itch!
Carried an address…
With numbers on the back.
And an L-shaped…
Bar of iron!
What’s that for?
I asked my man…
With eyes…wide opened…and the knowledge in my head!
And he said…
Opportunity…
World wide adventure…
Money in the bank!
We did the job…the work was so well done…
No one saw us coming…much less leave!
But what I dropped…
Carried my credentials…
And a black and white…shot of you and me!
What’s that for?
I asked the cop.
With eyes of innocence…the knowledge in my head…
And he said…
Opportunity !!!!
World wide adventure !!!
Let me have your hand !!!
~ Joan Armatrading ~
.
Indeed. The highborn have never had it better.
This is the FUNNIEST thing you will ever see. You MUST watch this (and no it was NOT staged):
https://www.youtube.com/watch?v=R2tzx9sd6vc
That looked to be the middle eastern version of the Jim Rome and Jim/Chris Everett interview….https://www.youtube.com/watch?v=hjgpo3_SF7M
HaHaHa …. Took me a minute to remember Chris Everett… Super funny shit
I’m pissing myself with the jokes the comedian Furman is telling.
I love the “we’ve been growing things for 50 months” and the ever popular “we still have a lot more to do” which is always told in conjunction with how well things are. Hahahaha