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Billionaire Calls $70 Million Holbein Oil a Good Buy: Interview

Billionaire Reinhold Wuerth, who has collected art for more than 40 years, last year spent about $70 million for a Holbein painting of the Madonna. It was the highest price ever paid for an artwork in Germany.

The entrepreneur, who made his fortune transforming a family-run screw wholesaler into a global company, is sure she’s worth it. The 1525-8 “Madonna With the Family of Mayor Meyer” by Hans Holbein the Younger, will go on display starting Jan. 20 in Wuerth’s museum for late medieval art -- a 12th-century church in the pretty cobbled town of Schwaebisch Hall, 70 kilometers northwest of Stuttgart.