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May 1, 2015

What's new for zillionaires? $100M homes

  • Five homes sold around the world for more than $100 million in 2014, and a record 18 were listed for sale at that level, according to Christie's.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — 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 Thursday by Christie's International Real Estate.


     
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