The only thing that really seems to impact the artist rmance in the market, beyond scarcity of resource, is news articles that come out that could be defamatory about the artists. When you're looking at a living artist, you have no control over what their future work is. And so i think that the difference really is between a living artist and a deceased artist is doyoue ceased artist pretty much know wha you're working with? I mean, if i had a million dollars, personally, to throw into a chile drawing at this point, i would have."
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/ .