The View from 5th Avenue

The View from 5th Avenue – 9 May 2022

Last week’s annual Met Gala was themed the Gilded Age. Tonight Christie’s will hold an auction for Andy Warhol’s iconic silk-screen of Marilyn Monroe with estimates suggesting it could go for a record $200mm. And this past Saturday, the owners of Rich Strike struck it rich after their 80-1 longshot had one of the great races/upsets in the long illustrious history of the Derby. So it seems there are asset classes doing just fine these days, just not the ones we traffic in on a daily basis.

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