Jimmy Basile
Representative, Beverly Hills Art Exchange. On 1 show, 1 appearance. The Shows tab opens the full record on each.
Jimmy Bassal is an art investment professional associated with the Beverly Hills Art Exchange. He specializes in fine art investing and portfolio diversification strategies.
1shows
1appearances
13statements
3resolved
0supported
2contradicted
0%fully supported
Everything Jimmy Basile said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Art stored in international freeports like Geneva avoids capital gains tax
“Artists considered immune from capital gains tax, okay? If you sell your shares in, in a stock, you're taxed. Sell your Picasso, untouchable. You go into another country, now you put it into Geneva into a Freeport, you're not taxed, and that's legit.”
Artists starting their careers after age 50 are unlikely to achieve success
“The artist that's already 50, 60, 70, that's just starting their career or has done nothing for 2030 years, they're probably never going to make it. That's just the reality. But no matter how fantastic they are, the techniques could be great.”
Shepard Fairey is not a blue-chip artist because auction prices remain low
“Not yet in my opinion, but my opinion doesn't mean anything. I'm not an expert. I just know kind of what I like and what I can sell and what I put my clients into. Because his artworks don't go for enough money yet. And because he's, I just mentioned that, tha…”
Only a few global representatives have retail access to Kehinde Wiley artworks
“It's only a couple of reps around the world that have direct access and that sell them at retail.”
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…”
Any artwork selling for over $1 million qualifies as blue-chip art
“Blue chip can be really taken into two things. One, it's probably a million dollars and up is a blue chip artwork. Because if you're even a modern art or present day contemporary artists, but your artworks are selling for over a million, you're considered blue…”
Emerging art can quickly 20x, while blue-chip art appreciates 5-10% annually
“The emerging artists have the capability of increasing their value five, 10, even 20 X. Absolutely. Quickly. Not all of them, but they can. Whereas the more stable blue chip artists, you know, they increase every year, five, 10%, it keeps going up, slowly but …”
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.”
Young creators view fine art as a status symbol but feel intimidated
“Some of the clients are extremely intimidated, especially the young wealthy clients, you know, YouTubers that are 25 years old and they want to have art. It's like, it's a bling if you want. It's a buzzword that they all want. They want to have the nice car. T…”
Basile recently sold a difficult-to-acquire Kehinde Wiley artwork for $175,000
“The example I was going to talk about is I recently sold magnificent 175,000 dollar Kehinde Wiley, which is very difficult to get.”
Basile manages a Canadian fund pooling capital to buy $25K-$250K artworks
“I just started managing a fund out of Canada. Where they pool investor income in, and they put them towards different artworks of different calibers, artworks of 25,000, artworks of 250,000. And I'm managing that fund and so far it's doing really well”
The Andy Warhol Foundation stopped authenticating artworks years ago due to fakes
“Well, lo and behold, the Andy Warhol Foundation stopped authenticating artworks years ago because of so many fakes that were out there.”
One line per show, most statements first. The link opens Jimmy's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 PAUL MORRISLEDGER | Representative, Beverly Hills Art Exchange | 1 | 13 | 0% 0/3 | full record on the Paul Morris Podcast → |