Talk Your Book: Buying a Picasso

Today’s Animal Spirits is sponsored by Masterworks:

Go to to learn more about investing in contemporary art.

We discuss:

  • The process of becoming a unicorn company
  • The importance of partnering with the right investors for a private company
  • How big is the art market?
  • How securitization is impacting the art market for investors
  • How often do people sell a painting at a loss?
  • How liquid is the secondary art market?
  • Why art prices are like the housing market
  • Are NFTs a threat to contemporary art?
  • Thinking long-term with illiquid investments
  • Investing in a diversified fund of contemporary art

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