i'm a big collector of art, and we went in with our eyes wide open. We get a lot of corporate collections that are offered to us when they're being liquidated. But i think that collecting and investing should be looked at as two completely different activities. If you want to buy something because you love it, then you should absolutely buy it. And if you're looking at it as an investible asset, you should look at it from completely different ones.
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/ .