Art Market
topic on 4 shows · 5 statements across 5 episodes
the Y Combinator Startup Podcast 
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5 statements about Art Market, every show
Naimi: Artworks bottom in value at 20 years before surging at 30-40 years
“If you look at all the data in the art world, it tends to work like this cycle continuously where things that were iconic 20 years ago tend to be undervalued 20 years later, then get very highly valued 30 to 40 years later.”
Public auctions account for less than 20% of the global art market
“Most publicly reported prices come from auctions, but auctions Are estimated to account for less than 20% of the market.”
Friedberg: ICOs and NFTs are unproductive, speculative assets
“Every ICO, every NFT and the art market, right? These are examples of unproductive assets.”
Friedberg: Deflationary environments will drain capital from nonproductive assets and NFTs
“As soon as the market starts shrinking, as soon as you know, you start having effects that are deflationary, you know, money will pour out of that market in general. That's always what happens with the art market and has for hundreds of years.”
Consensus pricing makes the traditional art market hostile to digital art
“I think part of the difficulty comes out of just, like, the market around buying and selling art is very conservative, because you're agreeing that this particular object has this value that, you know, and it's all kind of consensus-based, so there, it's very …”