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Against the Rules with Michael Lewis

The Hand of Leonardo

Against the Rules with Michael Lewis

Pushkin Industries

Sports, Business, Society & Culture

4.49.9K Ratings

🗓️ 23 April 2019

⏱️ 44 minutes

🧾️ Download transcript

Summary

The authenticator ref absolves everyone of blame. And sometimes generates money out of thin air.

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Transcript

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0:00.0

Here at Planet Money, we bring complex economic ideas down to Earth.

0:14.6

We find weird, fun, interesting stories that explain the way money shapes our lives.

0:19.5

Inflation, recessions, the price of gas we've got you.

0:22.9

Listen now to the Planet Money Podcast from NPR.

0:30.0

And so, ladies and gentlemen, we move to the Leonardo da Vinci, the Sabata Mundi,

0:34.6

the masterpiece by Leonardo of Christosavia,

0:37.1

previously in the collections of three kings of England.

0:39.6

Art.

0:40.4

At 90 million.

0:41.7

Being auctioned.

0:43.5

The parting of rich people from their money.

0:45.7

95 and I go, one cent over here.

0:48.8

It takes me back to the early 1980s and my first job after college.

0:54.6

I was the stock boy for a New York art dealer called Wildenstein.

0:58.8

Just about everything about the place felt like a secret, except for how it had started.

1:03.2

At the end of the 19th century, a Jewish street peddler in Paris named Nathan Wildenstein

1:07.8

traded rags for paintings with some oddball artists.

1:11.6

They called themselves the Impressionists.

1:15.2

He did this so well that by the time I got to the Wildensteens,

1:19.0

the family had the most valuable private collection of art in the world.

1:23.0

Huge vaults lined with racks of moneys and renwars and pizarros that

1:28.6

no one had ever seen.

...

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