The Limits of Auction Houses

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The reserve price is basically its auction house Buying They're all buying but they're guaranteeing you so if you do they don't sell that place. And so they'll put a number above the reserve price and typically It's something extra which is called a buyer's premium. Exactly very different to eBay, which is my experience of auctions Well, I think I know it's really interesting right but it's like what's actually happened in recent years is People with a super expensive or work are being sold for much lower prices than before.

The NIA boys discuss Sotheby’s vs. Christie’s, Twitter new CEO, & Google’s AI Play, and much more.

Timestamps:

(00:00:00) - Intro
(00:00:39) - Jack's Christie's Auction
(00:04:31) - Christie's vs Sotheby's
(00:08:13) - How Auction Houses make money
(00:10:59) - Why invest in art?
(00:18:07) - Twitter’s new CEO
(00:23:23) - Advertising Sales Explained
(00:30:38) - Twitter's Accelerated Product Innovation
(00:34:17) - Google's AI Announcements
(00:36:01) - Why Google IO is a big deal
(00:39:19) - Google and Generative AI Tools

What Is Not Investment Advice?

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