The Wisdom Wall
5 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“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.”
“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 chip.”
“the emerging artists have the capability of increasing their value five, 10, even 20 X. Absolutely. Quickly. Not all of them, but they can. Uh, whereas, um, the more stable blue chip artists, you know, they increase every year, five, 10%, it keeps going up, slowly but surely, and you know, ten million dollar artwork…”
“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.”
“some of the clients are extremely intimidated, especially the young wealthy clients, you know, YouTubers, uh, that are 25 years old and they want to have art. It's, it's like, it's, it's, uh, it's a bling if you want. It's, it's a buzzword that they all want. They want to have the nice car. They want to have the nice…”