The Khanversation with Imran Khan Tad Smith on Scarcity and Stores of Value
8 snips
Jul 21, 2025 
Join former Sotheby's and Madison Square Garden CEO Tad Smith, now a partner at 1RoundTable Partners and 10T Holdings, as he dives into the complexities of value in art and sports. He discusses how scarcity drives sports valuations and the economic implications of money printing on assets like Bitcoin. Tad sheds light on the commoditization of knowledge in the AI era, drawing parallels to historical shifts. His reflections on financial literacy and the importance of continuous learning provide insightful takeaways for today's digital economy.
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Career At The Intersection Of Tech And Media
- Tad recounts a career from J.P. Morgan to Harvard, government, McKinsey and diverse media roles.
- He describes repeatedly landing at intersections where technology disrupted industries.
Art Is A Quirky Store Of Value
- Tad Smith argues art is financializing but remains a quirky, inefficient asset class with high transaction costs.
- He views art as a valid store of value with unique characteristics and limited market efficiency.
Move Auctions Online To Scale Demand
- Prepare legacy auction houses for online transformation to scale demand.
- Expect the art market to change and position firms to adapt to digital shifts.
