• 13 Nov 2008 at 1:42 PM

Sell On The Dips

By Equity Private

You would think that the world class experts in getting you coming and going (I mean auction houses of course) would be clever enough not to offer minimums on such fickle assets as art collections in this environment. You would think. But, then, perhaps even the formidable power of spells listed on the Ancient Christie’s Scroll of Skimming were no match for the +3 Lube-less Fucking spell wielded by Dick Fuld. So, when you read that Fuld managed to jam Christie’s for $6.5 million when the Fulds’ collection of drawings only netted $13.5 million (and Christie’s had promised them at least $20 million) do you attribute the loss to the weak Skim-Fu of Christie’s, or the potent Wallet Vacuum style of Dick Fuld?
The Fulds’ Collection Fetches a Mere $13.5 Million [Cityfile New York]

Comments (13)

  1. 1
    Posted by guest | November 13, 2008 at 1:49 PM

    what’s happening at MS today?

  2. 2
    Posted by guest | November 13, 2008 at 1:52 PM

    you are asking if Dick Fuld sucks, answer: you betcha, from every orifice of his body.

  3. 3
    Posted by guest | November 13, 2008 at 1:56 PM

    Add 20 years to Erin Callan and she’ll look like Cathy Fuld. Coincidence? I think not!

  4. 4
    Posted by guest | November 13, 2008 at 1:57 PM

    Who guarantees assets at any price in this market? Christies = Treasury?

  5. 5
    Posted by guest | November 13, 2008 at 2:09 PM

    While the potent Failure Aura of the Fuldinator didn’t help, the problem is mostly with Christie’s. Christie’s is to the art world what the ratings agencies were to the whole CDO system. Art could be structured by cows and Christies’ would appraise it. And, like a certain model mentioned in that “End of Wall Street” article, their system doesn’t even have the capability to accept a negative increase input.

  6. 6
    Posted by guest | November 13, 2008 at 2:15 PM

    Looks like Christies was Dick-ed over just like Lehman shareholders.

  7. 7
    Posted by guest | November 13, 2008 at 2:16 PM

    Prsident Bush is speaking on CNBC and he is “talking up” capitalism.

  8. 8
    Posted by VOL IS KING | November 13, 2008 at 2:24 PM

    looks like Fuld was hedged after all… puts on the art market

  9. 9
    Posted by guest | November 13, 2008 at 2:37 PM

    Was recently reading that the art market was good and holding up well. Was suggested that the art market was a way of preserving wealth.

  10. 10
    Posted by guest | November 13, 2008 at 2:49 PM

    Today was the bottom!! Yarr!

  11. 11
    Posted by guest | November 13, 2008 at 2:56 PM

    “+3 Lube-less Fucking spell” ??
    EP you are a big giant nerd…you are the Anthony Edwards to Bess’ Curtis Armstrong

  12. 12
    Posted by ep | November 13, 2008 at 3:29 PM

    “Posted by guest, Nov 13, 2008 2:56PM
    “+3 Lube-less Fucking spell” ??
    EP you are a big giant nerd…you are the Anthony Edwards to Bess’ Curtis Armstrong”
    That sucks. I was aiming for Michelle Meyrink as Jordan Cochran.

  13. 13
    Posted by guest | November 13, 2008 at 3:58 PM

    @ ep
    Point taken. Girls can be nerds too
    -12

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