A Warhol For $63 Million? We Don’t Think So

“It was widely reported that on Monday night, at Phillips de Pury auction house, Andy Warhol’s 1962 portrait of Elizabeth Taylor and her lovers, Men in Her Life, sold for $63 million. Problem is, it’s not quite true. Because of a type of (legal) insider deals, the winning bidder may have written a check for less, even a chunk less, than $63 million to take the picture home.”