This year the Marlins’ total payroll was approximately $39 million.
This week Marlins owner Jeffrey Loria sold a painting for $32.6 million.
Katya Kazakina of Bloomberg has some details following a high-profile Christie’s auction:
Alberto Giacometti’s portrait of his brother Diego, estimated at $30 million to $50 million, didn’t attract a bid in the room or on phone banks. The painting was guaranteed by an undisclosed third party before the sale and the guarantor took it home for $32.6 million, a record for a Giacometti painting. … The 1954 piece was sold by Jeffrey Loria, an art dealer and owner of the Miami Marlins baseball team, according to a state regulatory filing.
Cool, cool. I’m certain he’ll invest that money back into the team, like, right away.