Why Do Billionaires Buy Art? (June 2026) The Real Reasons
When Saudi Arabia’s Crown Prince Mohammed bin Salman purchased Leonardo da Vinci’s “Salvator Mundi” for $450 million in 2017, the art world gasped. But the real question on everyone’s mind was simpler: why do billionaires buy art? Why would anyone spend nearly half a billion dollars on a 500-year-old painting when they could fund hospitals, … Read more