By The Numbers

There’s wine in them thar hills

Marketplace Staff Nov 10, 2015
$170 million

That’s about how much ‘Nu couche,’ a painting of a nude reclining figure by early 20th artist Amedeo Modigliani went for at Christie’s auction house on Monday night. The high price tag is a little surprising given that Modigliani was fairly prolific. But in the art world, where collectors like to have the ability to amass a fair amount of works by an artist, having a healthy supply can actually lead to a hike in price.

$1.5 billion

That’s the worth of all of the wine stored at Octavian’s 93,000 square meter Corsham Cellars, a giant storage facility 30 meters underground. With clients including Christie’s and Sotheby’s, the cellar is located just outside Bath, England. As Bloomberg writes, the space used to be a stone quarry in the 1800s. Around 25 years ago, they started using it to store wine. But you still have to wear a gas mask.

13

That’s how many so-called “jumbo deals,” bond offerings with more than $10 billion dollars in proceeds, have been carried out this year. As much as people complain about the Fed waiting so long to raise rates, clearly some companies are taking advantage.

$1000

That’s the worth of gift cards being offered to owners of diesel-powered cars by VW. As the Associated Press writes, it’s an act of goodwill, considering the owners of the 482,000 cars in question paid extra for environmentally-friendly vehicles only to find the numbers had been fudged.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.