The Exchanges

Q I'll bet, I might, I'm not gonna assume, I'll ask the question, but I would want something that, that I love, and then I would say, okay, Jimmy, I love this artist, I saw them, or I love this piece, you know. Is it valuable? What's a good price? Where can we get it? I would want your knowledge way before access in that instance. Am I wrong there or?

A No, that's a, that's a great question. The analogy of the car dealership is actually perfect because if you go to a gallery, prominent gallery, um, that is representing a specific artist and you've gone to an opening or just walked into the gallery without the opening and You see this artist that they're representing, and you love it, and everything's sold out already, and you ask them, well, I'd love one of these artworks. Well, okay, well, we'll take your name, and next show, or next availability, um, or you can try to seek it elsewhere, right? Which is what you kind of alluded to. So now, call up Jimmy Basile, and tell him about this artist that you saw, and like, and what are, what are the thoughts? So the first thing is, if I know about the artist, Hopefully I do. I think I do. Um, I'll try to pull up some analytics and kind of know where it's at with value. Uh, and then I'll source it through my network or if I already know exactly where to get it. And I'll give you an example in a second. Um, And then we can have a conversation about this artwork that you, that you like at the gallery was 20,000. I think I can get it for maybe 30,000 for you. And I think it's worth 30,000 easily. And I think it's a good deal. You should, because for me, it's a little different than some other, um, let's call it the Ferrari dealership or buying a ten million dollar mega house. Uh, how oft…

AI assessment note: “I'll try to pull up some analytics and kind of know where it's at with value.”

Q to a company through your work as you're working, right? Um, if you want to be paid 500,000 dollars a year, you've got to be adding two million dollars worth of value to the company. I think about that across any career, across any transaction. What value, uh, are you bringing to the table? So where do you, uh, where do you add value, uh, to, to an art transaction?

A Okay, so that's a great question, and art can be had and looked at in a couple of different ways. It can be looked at as a casual collector, somebody that sees something they like, oh, they like the way it looks, and while I, I never say, or I always say, you don't match Art to the drapes. Right. Some people will like something, and they'll, they want it, and that's one way of looking at art. Another way is, uh, you, you become a serious collector, and you kind of know what you want, and you know what makes you happy, and you know what's a good investment. Thirdly, is the investment factor that I just talked about, which is art as an asset. So, you know, in a, in a complex and opaque, um, market that the art world is, you can either find a way to buy things. I'm going to use the word at retail or things off retail. And the best way that I can relate to it, which will kind of answer your question is, um, the hype and fashion, the Birkin bag, the hype and jewelry, the Rolex Daytona.

AI assessment note: “the best way that I can relate to it, which will kind of answer your question”