Auction
topic on 5 shows · 6 statements across 6 episodes
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the Knowledge Project 
Capital Allocators 
How I Built This
6 statements about Auction, every show
Parrish: Warren Buffett avoids auctions entirely to dodge psychological bias
“Warren Buffett's solution to this was very practical. Don't go to auctions.”
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.”
Porsche 356 Models Regularly Fetch $300,000 at Auction
“Three 50 sixes regularly sell for about 300,000 dollars at auction, and special ones go for well, well, well above a million.”
Toomey: PE Managers Will Face Broken Auctions and Hold Assets
“I think you'll see broken auctions. So managers will bring an asset to market, you know, when they're holding it at a certain multiple and they have certain price expectations. When those price expectations aren't met, they'll sit on it.”
Barton: Auctions Are an Interesting Price Discovery Mechanism for Real Estate
“We thought auctioning was quite interesting as a price discovery mechanism. Basically, it's pretty hard to figure out what a house was worth.”
Mestel: Primary Wave avoids auctions to focus on artist partnerships
“Frankly, we do not like to buy at auction. We almost never Participated in auction every once in a while. If the assets unique, we will, but we are really focused on artists that want the service that we have because we like to partner with the artist.”