Fine Art
topic on 1 show · 4 statements across 2 episodes
4 statements about Fine Art, every show
Baucom: Fine art values are completely uncorrelated with public markets
“Not at all correlated. So it is your alpha.”
Baucom: Fine art has beaten the S&P 500 over 25 years
“So with me, I found art is the safest way to do that because as you know, art has beat the S and P 500 for the last 25 years as well.”
Unauthenticated fine art is either worth millions or effectively worthless
“Unfortunately, your artwork is either worth all the money, four or five million, Or it's just a very nice decoration for your bathroom. There is no in between. There is no gray area in this. From my world.”
Serious art investors sometimes send purchases directly to storage without unwrapping them
“Those clients already have a collection of art. They don't even hang the art. They buy the art. Sometimes they don't pick it up for months or they get it goes right into their storage and never even unwrap it. They know what they have. They consider it just li…”