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Thursday, April 30, 2015

$100 million for a home? Luxury buyers reach a new threshold

WASHINGTON (AP) - The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.

Rather than settle for garages of antique cars or a museum's worth of paintings, billionaires are increasingly willing to pay $100 million for homes that can serve as showcases for their fortunes, according to an analysis issued Tuesday by Christie's International Real Estate.

Read more... http://www.kpic.com/news/national/100-million-for-a-home-Luxury-buyers-reach-a-new-threshold-301826771.html?mobile=y

Reuters: Business News

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