Today's animal spirits is brought to you by Masterworks, Michael.

You and I don't know a lot about the art world, besides the art that we've purchased,

but Masterworks has done a ton of research on this, and actually, if you go to their website,

you can click on the price database. You can search any artist. So if there's an artist that comes

along and you want to invest in it, you can kind of look at their history. So let's just pull up

Pablo Picasso, which overrated. What percentage of the population do you think assumes Picasso was

alive in like the 15th century and didn't die in like 1973? He wasn't the Godfather too. Did you

know that? He had a camera. Oh really? I didn't know that. I made that up. When I was younger,

you could have talked to me into I thought it was like a Leonardo type era. It seems like it,

isn't it? A BC guy. I'm not quite BC, but you know. So if you want to just pull up Picasso on

their price database, you can look at the different metrics and like the turnover by year, the average.

So in 2021, Picasso had nearly $300 million worth of paintings turnover in terms of auction sales.

Wait, how many millions? 293 million change in 2021 alone. All time a record for a Picasso painting.

What do you guess? 46 million. 179 million. Just a bit outside. Do you know I own a

Pablo Picasso not to brag? You know which one I own? That's right. I own the same one as you,

right? The homie assets. Yeah, your favorite one. So you can look at all the different paintings

from Picasso that have sold what the purchase price was, how much appreciation it had. Some of these

have like 20 times appreciation over 20-year periods. It's pretty crazy. Anyway, so if you want

to learn more, actually understand the old before you buy something, you can actually look at

masterworks database. My Picasso is not for sale. I'm diamond in handing about thing.

Okay, there you go. Go to masterworks.com to learn more and then masterworks.com slash

disclaimer for more. Welcome to Animal Spirits, a show about markets, life and investing.

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