Unless Apple has done some unannounced venture investing before this is the first one of this type done by the company and is the second largest investment it has ever made in another company after $3 billion for Beats (excluding buying machinery and inventory to make Apple products).
The Chamber went as far as lobbying to exclude "Buy American" provisions in economic stimulus programs.
For example, only criminals convicted of felonies are currently excluded from buying handguns.
"Consumers looking to protect themselves from H.I.V. transmission should not be excluded from buying insurance," Maura Healey, the attorney general of Massachusetts, said in a prepared statement.
As a comparatively small collector, he said, if he did not buy a work early, he could be priced out or excluded from buying a work even if he could afford it.
In the United States today, a 25-year-old freelance writer with a "pre-existing condition" is excluded from buying insurance in the private market.
It excludes shares bought or sold during that period.
The FHFA index is a narrower measurement than the Case-Shiller index, as it excludes homes bought with riskier mortgages or all cash, as well as many high-end properties.
One bill, sponsored by Senator Daniel Patrick Moynihan of New York, proposes a technical way of affording such protection by applying a special definition of the verb "to steal" that would exclude articles bought by American collectors that are said to have been stolen only because they fall within a foreign country's blanket declaration of ownership (for example, Mexico's pre-Columbian art).
According to investment firm London Central Portfolio, there have only been nine properties sold for more than £20m in London so far this year, although these figures exclude those bought in the name of a company, a technique used by many overseas buyers.
