TIP240: Investing in Fine Art Like a Stock w/ Scott Lynn (Business Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 28 April 2019
⏱️ 29 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:30.0 | You're listening to the Investors Podcast. |
| 0:56.0 | Where we study the financial markets and read the books that influence self-made billionaires the most. |
| 1:02.0 | We keep you informed and prepared for the unexpected. |
| 1:14.0 | Hey everyone, welcome to the Investors Podcast. I'm your host Preston Pish and as usual I'm accompanied by my cohost, Stig Broderson. |
| 1:20.0 | All right guys, we are super excited to be here with Scott Lenn and Scott thank you so much for taking the time to chat with us today. |
| 1:28.0 | Thanks, Stig. |
| 1:30.0 | So Scott, we've covered many types of investments here on the Investors Podcast but art is clearly a new frontier for all of our listeners. |
| 1:38.0 | I personally know so little about this topic and I find it quite fascinating. |
| 1:44.0 | So talk to us about how you got started in this sector of investing. I am super pumped to hear how you respond to this. |
| 1:51.0 | I think like many collectors I first started collecting art really out of passion. |
| 1:55.0 | But you know like many collectors have made a lot of mistakes along the way and then eventually learn that art could also be an investment. |
| 2:01.0 | From our perspective we see this asset class which is really enormous. |
| 2:05.0 | If you listen to read any of the statistics on art as an asset class, the Lloyd estimates that there's $1.7 trillion in fine art in between ultra high net worth. |
| 2:13.0 | Collectors home there's 50 to 60 billion dollars a year themselves in terms of volume 2 to 3% turnover. |
| 2:20.0 | So this very interesting investment but the problem with that and we hear this all the time is that the only way to participate is if you have a couple million dollars by a painting. |
| 2:29.0 | So it's this really unique outperforming asset class that really nobody can afford unless you have a lot of money to acquire the art. |
| 2:36.0 | We think it's a natural asset class to be secured. |
| 2:39.0 | You made such an interesting leap right you so you collected art, clear to very interested in art. |
| 2:44.0 | You could say that about a lot of people how would say you took it just not one step further. |
| 2:49.0 | I guess you took it like a mile more than anyone else could you talk to us some about that thought process. |
| 2:54.0 | You know how it did become an idea and how do you turn into what it is today. |
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