18 min listen
The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million
The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million
ratings:
Length:
19 minutes
Released:
Feb 14, 2023
Format:
Podcast episode
Description
In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a painting by the legendary Leonardo da Vinci. News of the staggering purchase price sent shockwaves throughout the entire art market (which, interestingly, has been a reliable indicator of impending market bubbles for decades). What drives the high-end #ArtMarket? How can art be used to move money in creative ways and get around taxes? And perhaps above all, why would anyone park so much money in a picture when there are other asset classes that actually generate cash, like real estate rentals or dividend-paying stocks? … all this and more in today’s episode!
Released:
Feb 14, 2023
Format:
Podcast episode
Titles in the series (100)
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