It was an ambiguous statement; the implication was the loss of value for that venture was a million, with the only benefit being 2 chairs. I don't think a floor in Manhattan + retail cost of furniture + a decorator is going to be cheap even if you sublet the space and sell the furniture. (Then again subletting might have been a net gain.)
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If he sold the rest of the furniture he bought with the million, then presumably he has/had that money too.
It was an ambiguous statement; the implication was the loss of value for that venture was a million, with the only benefit being 2 chairs. I don't think a floor in Manhattan + retail cost of furniture + a decorator is going to be cheap even if you sublet the space and sell the furniture. (Then again subletting might have been a net gain.)