Billionaire Joe Lewis Scores 3,500% Return on ‘Masterpieces’ Art
Source: Sotheby’s
Joe Lewis once turbocharged his multi-billion-dollar fortune taking big swings in the currency markets. Now, the British investor and his family are cashing in on lucrative bets made in another sector: art.
The Tavistock Group founder notched gains of more than 3,500% through offloading long-held parts of his art collection from UK painters Lucian Freud, Francis Bacon and Leon Kossoff at a Sotheby’s auction in London this week, according to data compiled by Bloomberg.