Ronald Lauder: Billionaire Art Collector

Imagine spending half your fortune on art. Few have the resources or the stomach for such an investment, but billionaire Ronald Lauder has turned it into a life long career. The son of Estee Lauder was the former Chairman of MOMA and co-founder of the Neue Galerie. Lauder famously plunked down $135 million for Gustav Klimt's Adele Bloch-Bauer I in 2006. We met up with Lauder at the Neue Galerie to simply ask him: "Why?"