The Mirror reports that in the past month, George Michael has spent $40 million on artwork by Damien Hirst, taking the value of his personal collection up to $160 million. “George is hugely into his art. He made a lot of money from his 53-date tour last year and he thought this would be a good way to invest it,” a source close to the singer explained. “He’s chosen pieces by Damien, photographer David LaChapelle and Tracey Emin. They wouldn’t be to everyone’s taste but they’re hugely collectible and are certain to go up in value.” Read more.