On Wednesday night, well-known diamond cutter Isaac Wolf purchased the most expensive diamond ever bought at auction — the 59.60-carat pink diamond known as a "The Pink Star." Wolf, who has over 50 years of experience in his field, spent $83 million on the gem at Sotheby's last night, eclipsing the previous record set by the $45.6 million, 24.78-carat "Graff Pink" diamond.
"The stone is fancy vivid pink, the highest grade for the color of diamonds, and the purity of its crystals ranks among the top 2 percent in the world," Bloomberg reported.
People were expecting the Pink Star to only fetch somewhere over $60 million, but it quickly surpassed that. "The bidding opened above $52 million, and it closed with the playing of the Pink Panther movie's theme music," the AP reported, explaining that filthy rich people can be a little cheesy at times. According to Bloomberg, the price of polished diamond has climbed 39 percent in the past decade, suggesting Wolf bought the diamond as a shrewd investment and not because he plans to use it build a giant laser.
While we're on the topic of ridiculously expensive things regular humans will never ever get to buy, the Pink Star actually pales in comparison to some of the art pieces sold in the last two days. On the same night Isaac was buying the Pink Star, a Warhol painting sold for $105.4 million. And on Tuesday night, Christie's sold a Francis Bacon work for $142.4 million — the most expensive piece of artwork ever sold. At the same auction on Tuesday night, a rich person also bought Jeff Koons's orange Balloon Dog (yes, it's a sculpture shaped like a balloon animal) for $58.4 million — clearly the rich person we want to hang out with among this garden of rich people.
This article is from the archive of our partner The Wire.