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So Money with Farnoosh Torabi

1345: Simple Ways to Invest in Art on a Budget with Liz Lidgett

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 18 April 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

Guest Liz Lidgett is an art advisor, writer and gallery owner. As Founder of Liz Lidgett Gallery and Design, she works with people to find the perfect piece of art for their style, space, and budget. Farnoosh and Liz discuss ways to spot worthwhile art "investments" on a budget, how to build a successful business as an emerging artist right now, NFTs and more. Plus: Details on Farnoosh's recent art purchase that 10x'd in value in one year. This episode is a replay from February 14, 2022. Artists mentioned in our conversation: Betsy Enzensberger, Hunt Slonem, Damien Hirst and Elisa Sheehan. Learn more about them and many more artists at www.lizlidgett.com. Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney. Subscribe to her weekly So Money newsletter for the latest updates and advice. Catch her weekly money videos on YouTube. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So money is brought to you by CNET, the site that shows how to navigate change all around us.

0:06.3

So money episode 1345, how to invest in art with art gallery owner Liz Leget.

0:14.1

You're listening to So Money, with award-winning money guru Farneesh Karabi.

0:18.7

Each day in a 30-minute dose of financial inspiration from the world's top business minds,

0:23.9

authors, influencers, and from Farneesh herself.

0:27.9

Looking for ways to save on gas or double your double coupons?

0:31.6

Sorry, you're in the wrong place.

0:33.9

Seeking profound ways to live a richer, happier life.

0:37.2

Welcome to So Money.

0:40.4

I think that having art on your walls truly makes your home a happier place and really like affects you in so many ways.

0:48.0

Welcome to So Money, everybody. I'm Farneesh Karabi. Happy Monday.

0:52.2

I'm revisiting some of my favorite conversations from the year today and all week,

0:57.2

starting with a conversation with Liz Leget, which happened back in February of this year.

1:02.6

If you recall, Liz is an art advisor. She's a gallery owner. Her gallery is called Liz Leget

1:08.6

Gallery and Design in Des Moines, Iowa. I discovered her in the thick of the pandemic while scrolling

1:15.1

on Instagram, looking for art for our new home. I have to say, I have sourced so much inspiration

1:22.3

and actual art from her collections. She represents some of the most, but I think the most talented

1:28.7

artists, women artists in particular, but why I really wanted to have her on So Money was to talk

1:34.2

about the finances, the money behind buying art. How to start a art collection, even if you are on a

1:42.3

budget, how to identify a piece of art that may end up being a smart, long-term investment. I

1:49.1

talk a little bit about one of my experiences. I bought this piece of art and it has 10x in value,

1:57.6

according to what the internet, what I see it now listed for online. I think there was a strategy

...

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