u/Sherbert-Broad

GC market victim

GC market victim

Ouch! Nearly 20% loss so potentially all equity gone.

Edit - There is a bit more context to consider after looking into the transaction history. The $5.2m purchase was by RSL Art union for their flagship Christmas Raffle. They paid overs but probably weren’t too concerned given their model. So probably not a good example of a marker transaction. So excluding this sale it’s come back from $4.4m to $4.25m. Noting the seller won it via a raffle they probably just wanted the cash out before it drops further.

u/Sherbert-Broad — 6 days ago