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  • Billionaires are storing hundreds of millions of dollars' worth of art on superyachts

    02/04/2019 2:54:08 PM PST · by Jyotishi · 70 replies
    Vox ^ | Monday, February 4, 2019 | Gaby Del Valle
    An article about the practice sparked outrage over income inequality. Luxury yachts in St. Tropez. Frédéric Soltan/Corbis via Getty Images People who own yachts have lots of things to worry about. Is a yacht a good financial investment? (Usually not.) Will a group of class-warfare-waging rascals untie the boat from its dock, causing thousands of dollars in damage? (If you're Betsy DeVos, yes.) And then there's the latest concern plaguing superyacht owners: Is a yacht really a good place to store an art collection, which is worth more than the yacht itself? A growing number of billionaires -- at least...