â€śIn the end, we will remember not the words of our enemies, but the silence of our friends.â€ť Martin Luther King Jr.
You can lose a lot of money with the wrong art buy — especially if you’re young, naive, and really, really rich.
According to Bloomberg, Citigroup is hoping to prevent such losses by teaching the heirs of its wealthiest bank customers how to invest in art. “You don’t have the birthright to the next generation’s wealth,” Citi Private Bank Managing Director Money Kanagasabapathy explained. “We want to continue to have the relationship with the family.”