Yeah, we all know someone who's more into making money than creating Art for its own sake. There are also buyers who are only investing in artworks for the possible future returns. I've seen people buy something they would never hang in their homes because they thought they could turn a profit off of it.
But, that guy was in it for the Art. He was thoroughly disgusted by the whole episode. He took the money… I mean, he was still a starving art student. But, he had bet money that canvas wouldn't sell.