I collect for both reasons, to diversify my portfolio, but also just because i love art. And it just seems to me that so many people are so misled. If you live in saint paul, min Minnesota, find a real artist who's working there and go to their gallery. They'd be delighted to show you their work, and you'll pay a fraction of what you're going to pay here. It might actually be worth something at some point. Probably not, but i can pretty much guarantee this is not going to be.
Our guest this week is Madelaine D’Angelo, Co-founder and CEO of Arthena, the first quantitative investment firm for art assets. The firm uses hundreds of thousands of data points to identify the factors (artist, year of creation, gallery displays, etc.) that are predictive of future returns. In this wide-ranging conversation, Jim, Jamie, and Madelaine discuss:
- Value & Momentum factors in the art market.
- Arthena’s models.
- The problems with repeat sales data.
- Portfolio construction and exit strategy.
- The nuances of investing in art assets.
- Biggest misconceptions about art investing.
For more information, check out https://arthena.com/ .