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In 2017, Leonardo da Vinci’s Salvator Mundi sold at auction for $450 million. Meanwhile, a poster reprint would have set you back $10. Why are a small number of super-wealthy buyers willing to pay such huge sums for the right pieces? It’s a question that is becoming more widely relevant, as new art investment funds seek to open this murky and unregulated market up to the broader public. So how much does the value of your investment depend on the whims of a handful of galleries and collectors? And how can you even be sure what you’re buying is authentic?
Hosts: Tom Lee-Devlin, Alice Fulwood, and Mike Bird. Guests: Noah Horowitz, CEO of the Art Basel international art fair; Lars Nittve, investment committee chair at Arte Collectum; Orlando Whitfield, an art dealer, author, and former friend of Inigo Philbrick, who committed the biggest art fraud in history; and The Economist’s Jon Fasman.
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