Does Picasso Sale Signal a Top for Stocks?

Art auction records say more about billionaires than markets.

Don't invest based on prices for this man's paintings.

Photographer: Ralph Gatti/AFP/Getty Images

The headlines screamed across the Web yesterday: Picasso's Women of Algiers smashes auction record. Two Artworks Top $100 Million Each at Christie’s Sale. Picasso Painting Sells for $179.4 Million; Sets Auction Record.

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