Art and Investing, Never Finished
On this episode of The Yield, Noah Kupferman, Head of Business Development for Yieldstreet x Athena Art Finance sits down with Jacqueline Towers-Perkins — Auctioneer & VP, Director of Post-War & Contemporary Art, Bonhams to discuss the rapidly changing art investment landscape and the areas of growth currently reshaping it. Since joining Bonhams in 2017, Jacqueline has been involved in many important sales and events, most recently the previously unseen single-owner sale ‘Kusama: The Collection of the late Dr. Teruo Hirose’. In their conversation, Noah and Jacqueline dive into the latest art market trends that are making it a more desirable- and accessible- place for investors to focus their attention than ever before.Click here to subscribe and listen: https://podcasts.apple.com/us/podcast/the-yield/id1527659260Key Takeaways:[3:57] Bonhams’ strategic approach to the art market is paying off in a big way.[8:29] The impact of Covid on Bonhams’ 400+ annual sales.[9:11] Distinguishing characteristics of Bonham’s up to $10 million art pieces.[15:25] Bonhams’ unique approach to sales is paving a new path in the art market.[20:54] Reflections on the post-pandemic middle art market by the numbers.[24:44] Assumptions about the connection between the top and the middle of the art market.[26:50] Finding the balance between supply and demand of the art market.[32:44] NFT strategies for entry into the art market.[39:29] Tax advantages that accompany art transactions in times of inflation.[42:15] Shifting demographics within the art market.[47:20] The prep work that goes into such high sell-through rates.[51:21] How to get the art in your garage or attic appraised.[52:10] Jacqueline’s post-pandemic market predictions.Mentioned in This Episode:YieldstreetAthena Art Finance