The Ledger
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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.”
Baucom: Fine art values are completely uncorrelated with public markets
“Not at all correlated. So it is your alpha.”
Baucom: Art fund sees immediate 20-30% value bumps before capital deployment
“A lot of the pieces when we buy them, we immediately, because we have that information, They'll immediately be bumped up by 20, 30%. And that's just even before we've even deployed the capital out to whoever we're buying it from. So we usually will buy in that…”
Baucom: Clear Art Reserve targets $10M to $100M monthly capital inflows
“Because we're having these conversations now, 10 and a hundred million dollars a month.”
Baucom: Clear Art Reserve Is Not Registered with the SEC
“So we don't call it fund because we're not, the way we've structured it is we are not registered with in the States as SEC, the Ontario, like Ontario and Canadian securities commissions.”
Baucom: Clear Art Reserve portfolio currently valued at $1.5M to $2M
“I believe we're in the 1.5 to two million at least present day.”
Baucom: Clear Art Reserve takes approximately 10% of artwork sale upside
“Yeah, it'll be about 10% of the upside depending on the piece. Yeah. But yeah, call it 10. So, and I know hedge funds a lot of times, again, because I come from the hedge fund world, they'll take a 22, right? So, it could go to 20, but more likely on, it'll mo…”
Baucom: Hugh Grant Sold an Andy Warhol Painting for $28 Million
“Hugh Grant bought a, he had a big regret. He bought a 2.5 million dollar Andy Warhol. And he said, I just, I didn't know what I was doing. I think he felt sick about it, he said in his interview. And, but five years later, that Warhol sold for twenty eight mil…”
Baucom: Clear Art Reserve has not yet sold any artwork
“No. I'm not, I don't want to yet. We're too new and I, and they're honestly every piece that people want is because they're so desirable.”