So far, the Panama Papers from Mossack Fonseca have not implicated U.S. politicians or other wealthy people. Those names may yet emerge, but there is a reason for their absence: People in the U.S. don't need to go to Panama.
They buy 10 Porsches a day and travel the world by private jet, toting their Louis Vuitton bags and leaving behind a faint scent of Chanel. They are Latin America's super-rich, and they are multiplying faster than anywhere in the world.
Christie's sold a painting by Pablo Picasso Monday night for $179.4 million, far exceeding both the firm's expectations and the previous record for the most expensive work of art ever sold at auction.
