Check out our Sponsor Masterworks - and invest in blue-chip Art pieces! You can skip the waiting period, and get started investing right away with our link --> www.masterworks.art/valuetainment
Mr beast uses his videos to avoid taxes as well. He uses actors in his video which he pays regular wages but makes videos pretending to give them millions. He uses it as a tax deduction and write off. Only the poor who dont know how to fraud the government get punished
You’d be surprised. People buy things all the time purely because they “like it”. The scale is just different for some people. A regular person buying a fancy toyfor a couple hundred dollars to put on their shelf might feel an equal amount of financial pain about it as a billionaire spending millions on a painting.
That first painting is a classic example of how the STORY builds the perceived value of the art. The owner of the piece wants to be able to tell a good story to house guests about the piece and how they acquired it.
Successful people don't just become that way overnight. What most people see as a glance-wealth, a great career, purpose is the result of hardwork and hustle over time.
Worked at Christie's for 10 years. Recognized the dark-haired woman on the podium at the end. Had to help resolve some of the house's tax liability. Many purchasers never picked up their art resulting in pseudo "free" storage. Would resell it in a few years for a profit never having collected the art; no tax, shipping, insurance paid. Was a whole thing.
so if I understood correct, people bought the art but they never went there to get the art, and the house has put the item for auction again having profiting again?
@@emarciobdirector no the owner never calls irl after winning to pick up and contract didn't have specifics i am assuming. So they had to hold said art insured for free until they pick up or as mentioned most just reauction meaning its a pawn in the money movement game
@@rexibro1 the auction house collects the fee; the auctioneers don't make any money. Auctioneers are carefully selected and trained. It used to be a department head, but they may have altered the selection process. It was practically impossible to become one. It'd be easier to run for president
As a wildlife artist (painter) myself I have always found this topic extremely interesting. More and more I am finding that who knows of you, and who has owned your art, almost at times seems to mean more than the (perceived) quality of the art itself. As a traditional painter I find myself astonished at the price that some seemingly random smudges of paint sell for. But I say good for them! Though I find it puzzling, I continue to paint in this way because I am obsessed with it! Your insight is always valued and appreciated. Wishing you all the best, Sean P. Rademaker
In the art world (as in all things) value is about scarcity. Since there is an abundance of talent in the world , but a scarcity of access to capital, the latter holds more value. Therefore , if a billionaire buys your art, there is an exchange of social capital , which results in your art now being more valuable. The world is made of real capital, and social capital. Between the two , is how art is valued. In most cases.
The Financial market is still a fantastic way for building wealth, however, it's wise to consider investing even if you don't have much money to spare.
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. Trade with (Williams T. Kevin) and watch things turn around for good. I've learnt so much while investing with him.
Be careful. As an artist I assure you most of the gains you’ve heard about involve only the top.1% of art. Don’t think your $5,000 painting is going to appreciate the same way.
PBD at its finest ,he tells you it's basically a tax scam engaged in by the rich,and rather than avoid it, he tells you that you should become another lamb to the slaughter
Pat, you got this all wrong. You got sold the simple man's story as to how art is valued and why, what looks like painings children can paint, goes for millions. Let me explain the game. Let's say I am a businessman who owns a relatively unknown, or under-appreciated work of art. And let's say I have an investment project that needs a large capital infusion. What do I do? I open up a seperate company (maybe with a trusted partner who is willing to earn a commission for putting his name on the business, but, maybe on my own). I talk to Soethby's and say 'I have a piece of art I would like to put up for auction. Soetheby's says 'ok, it will go under the gavel next week'. When it goes up for auction I get a few of my employees to act as fake 'bidders' on the end of a telephone and they start bidding against ome another for my painting. When the gavel strikes, my under-appreciated piece just went for 8 figures, bought by the company I set up a week earlier. Soethby's is happy because they made their commission on an 8 figure sum.. The 8 figure sum obviously never trades hands because it is my own company that bought it. Now, I can go to the bank and put the painting that is now 'worth 8 figures' up as collateral for the loan that I need to invest in my project. The bank gives me the loan so long as, on paper, its ass is covered by the collateral. Auction houses like Soethby's and Christies close their eyes to this con because they are making their commissions. But both Soethby's and Christies were charged and convicted decades ago with price rigging. This is how obscure and unknown artists become famous. The greater the exhibition and media exposure when the art gets 'auctioned' the greater the effect of the con.
This is why publically-held companies do not partake in this game (despite the owners of said companies might) - they would be required, accordimg to accounting standards, to account for the purchase price that never gets paid. But once an artist gets established via this con, then the market gets legitimitized and trading becomes 'safe'.
The price of collectors art is a clear example of how much FIAT currency has been pumped into the system by the Federal / Central banks around the world. Paper currency has become unimaginably WORTHLESS in the past two decades.
Well yes Japan's central bank is the biggest investor in the Japanese stock market and swiss central bank ownes large numbers of US companies dx stocks like apple and tesla the reason is money printing or typing digits in computers have to be used for investment to play derivatives and speculation game to dumpe the newly printed money in circulation so the rich who owns such assets where Central banks invest grow in tremendous value thus create the rich and poor gap divide more wider and wider holding on to a currency note is now worth less in value in comparison when its likned with gold to maintain its purchasing price ability, Due to the rising inflation people have started to blame concept of capitalism for the same but its an effect of fragile monetory system which can be used for more infinite money printing when required to pump in the economy to make it run and perform smoothly short term. With providing long term inflationary consicuences to the common people.
Thanks for Valuetainment and special thanks for Patrick to all the valuable information on the channel. after following valuetainment contents and read several recommended books. my friends and I own 3 companies , and 2 real estates
great video on this ! I am an artist and work at Christies in NYC for 10 years, handled the da Vinci n picassos daily. you summarized it all really well !
Hi , May I have a contact where I can reach out to you ? I'd like to talk about it more and eventually having business together . It's a serious inquiry . Feel free to let me know . Best regards ,
Thank you for talking about the business side of art. Very interesting and informative. As an artist myself, it can be frustrating sometimes, to say the least. Maybe sometime in the future you could give advice or a presentation of your viewpoint directed at the artists. If you were the artist, what would concern you business wise? What advice might you have for the artist? Many of us lack business savvy and expertise.
There are books out there that explain the business side of art to artists. Although you have to be making art that's competitive in style with the contemporary art world. What type of art do you like to make?
8:53 Heritage? Norman Rockwell!. I passed on buying an $1,800 print of his back in 1985. Was a merchant Seaman at the time, couldn't fit it in my seabag.
I am researching Masterworks, and would love an update on how the portfolios are doing in the current market, and do you have any perspective on the current contemporary space?
I'm was disappointed by this video. I am a huge PBD fan and consume your content regularly. Was looking forward to this one because of the mystique around the Art industry. Watching it however, left me with the same questions that I had prior to watching it. I want to know about the black market and money laundering side of the Art industry. Keep up the great work. Your awesome. Cheers.
I've been a struggling artist for over a decade after which I decided to simply keep an average day job. Watching this video makes me want to look in a mirror and say......
All art is not the same, it's the best art's returns that outpace the s&p500. Masterworks and other use the numbers game where they pick a basket of the best performing art and calculate their returns and then say art is outpacing the s&p500. Felix Salmon is a respected financejournalist and he has talk and written about just the art world and have people cherry pick numbers and the amount of scams there are in the artworld.
Patrick, you should look into interviewing Robert Rivani, 31 years old, Persian, self made commercial real estate mogul in south Florida. I’d love to hear his full story of how he did it, start to finish, he doesn’t have many interviews.
Never thought Pat would jump on board with masterworks. Seems like a huge cash grab which could end terribly. Fractional shares of art?? C'mon now this is ridiculous.
rich people recently lost a meaningful % of their net worth in the market downturn, everyone owned fb or netflix stock (-50% ytd), you will see a lot of cashing out levrage audiance in the next few month ie : Jerry Seinfeld
Wait until you investigate his main company selling insurance. Its a total MLM scam pushing people who are desperate and likely dont have money into signing up for a $1500 program to sell insurance. I only researched this because I often wondered how the H did he make his money? Now I know and he has lost all credibility to me. Good talker tho, good motivator for what its worth.
@@gnome2024 he's worth 160 million which is wild. All these guys like graham Stephan and meetkevin have super expensive programs too. I'm sure they're educational as they all seem like decent guys but their prices are crazy. I agree he's a good motivator. Probably owes >90% of his bet worth to RUclips exposure. Same with a ton of other multimillionaires with large RUclips subscribers.
@@gnome2024 I just wonder how many of these RUclipsrs who are sponsored by masterworks actually heavily invest in art at all, much less fractional shares of it lmao. The only way I'd promote something is if I really believed it would work. Or else it's just lying to yourself and the public.
well done video, glad u on this level/position put 0 negative thoughts on NFT or also known as digital art which is future, that's for sure. + in NFTs u can invest in small cash, depends on coin/blockchain u want to use. but I wish I could go with normal art world.
The Exponential Consolidation of Wealth Globally by very few and the Sky Rocketing Inflation of Toys for those Rich People will, very soon, resolve in a Global Financial Collapse unimaginable and comprehensive.
Man I'm an artist. How do you get into reach with these buyers? I been searching and searching. When you coming up it's super hard to get notice. It's crazy talent, gifted and working hard isn't enough at all. Smh
a big reason why the art market exists is to store value anonymously.. perfect for laundering or hiding wealth... if not for this the valuation would be much lower.. you didn't talk about this very important point in your video.
How do these artists display their work in galleries? Do they pay the galleries? Do the galleries pay them? Do they sell online to customers directly? Do they sell through some clubs?
This is where crypto or rather nft's come in handy because with that type of technology the artist can keep receiving royalties when the artist artpiece gets resold and rebought over and over again so the initial profits of 10k would've grown to 45 million years later.
Thank you, thank you, thank you! I'm an artist & if one person sees this & learns something, the world is a better place! I'm sending Joey a piece I did & if you like it, you can buy it from him. Thanks, Sir!
@Valuetainment Pat, Nice video! Please do more on art, but, the artist Edvard Munch (The Scream) is not pronounced «Munic»🤣 And besides The Scream, he also sold «Vampire» and «Girls on The Bridge» for roughly 38 and 54 million dollars. You should check him out😎
Of course, arts pays "dividend". Art owners will rent their art out to museums or exhibition for ticket sales. Art owners will receive a percentage from the ticket sales. Investing in Masterworks only help these rich people to liquidate their art investment but still own them. There are no regulators to monitor the extra income they get. They get cash from the liquidation. They still own the art. They collect the ticket sales income. YOU HOLD THE BAGS FOR THEM. Total SCAM!!!!
Try to avoid buying from artists who come out of nowhere and yet are selling for a lot of money. Art is a great way to launder money in the drug and human trafficking businesses, and the art is worth bupkis in reality. It's not just the Big Buck items, it could be the five to ten thousand dollar paintings, and even less than that. Some artists are not even the artists, as they have people they extort and traffic (who show some promise artistically) to copy a theme, especially in abstract art where a style is harder to pinpoint. They make many paintings, and whatever might be left over, they will sell to galleries. Some artists are just the ones who have sold out. An example of this is the booming Chinese market, and I will not list the names of artists I suspect are laundering money for CCP players, because they are just suspect. And I'm not even talking about the already infamous suspect of Hunter Biden, because I do not have enough information about his art and who he sold to. But this is apparently a real thing going on in the industry.
And then there’s the work of Steven D. Kelley who has been exposing the evils of The Getty Museum in Los Angeles, including the tunneling to big homes in the area for their sick purposes. He has made many videos exposing The Getty and other satanic areas (Crestline in Lake Arrowhead, for one).
this video could have been presented in less than 2 min. He is not talking about art, which would have taken many hours to expose, even the tip of that iceberg. All he needed to explain were the mechanisms of promotion that fool or convince people to accept the truth behind a particular assertion, in this case, the value of a widget called art. That's all.
Check out our Sponsor Masterworks - and invest in blue-chip Art pieces! You can skip the waiting period, and get started investing right away with our link --> www.masterworks.art/valuetainment
I would bet you and Dan Price would have a good time.
Never in this video do you explain how billionaires use art to avoid taxes.
Shut up lpl
@@davidhunternyc1 People buy art to support artists, decorate spaces, and also diversify their portfolio.
Valuetainment what a great video!
Its purely about tax evasion and money laundering. Nobody spends 100 million on a painting because they like it.
Mr beast uses his videos to avoid taxes as well. He uses actors in his video which he pays regular wages but makes videos pretending to give them millions. He uses it as a tax deduction and write off.
Only the poor who dont know how to fraud the government get punished
You’d be surprised. People buy things all the time purely because they “like it”. The scale is just different for some people. A regular person buying a fancy toyfor a couple hundred dollars to put on their shelf might feel an equal amount of financial pain about it as a billionaire spending millions on a painting.
Probably mostly true but there are those, many intact who do love it and also want to take advantage of the intrinsic value in subjective value 🎨🙏
I believe your right on point. What better way to hide your wealth and not be taxed on it and make a huge profit over time.
The at the BIG BRAIN ON - stupid
That first painting is a classic example of how the STORY builds the perceived value of the art. The owner of the piece wants to be able to tell a good story to house guests about the piece and how they acquired it.
When you invest you're buying a day you don't have to work
@Clare Smithy You're right, it's obvious a lot of people remain poor due to ignorance
Investments are stepping stone to SUCCESS, Investing is what create wealth
That's very impressive are you giving her your money or does it stays in your trading account? What's really the idea behind the copying trades?
"if you don't find a way to make money while you sleep you will have to work hard until you old".
Successful people don't just become that way overnight. What most people see as a glance-wealth, a great career, purpose is the result of hardwork and hustle over time.
Worked at Christie's for 10 years. Recognized the dark-haired woman on the podium at the end. Had to help resolve some of the house's tax liability. Many purchasers never picked up their art resulting in pseudo "free" storage. Would resell it in a few years for a profit never having collected the art; no tax, shipping, insurance paid. Was a whole thing.
funny hahaha
so if I understood correct, people bought the art but they never went there to get the art, and the house has put the item for auction again having profiting again?
@@emarciobdirector no the owner never calls irl after winning to pick up and contract didn't have specifics i am assuming. So they had to hold said art insured for free until they pick up or as mentioned most just reauction meaning its a pawn in the money movement game
how much do art sales ppl make per sale?
@@rexibro1 the auction house collects the fee; the auctioneers don't make any money. Auctioneers are carefully selected and trained. It used to be a department head, but they may have altered the selection process. It was practically impossible to become one. It'd be easier to run for president
as an emerging artist the art world is both the most exciting and discouraging all at the same time.
Why?
I must admit that Picasso story was pretty slick
I feel like you answered it in the intro: because it's an unregulated market.
Yes so a lot of money laundering in this market
Had to fact check the take a picture part with the inventions of camera and Picasso birth year. Learned something new today 😌
As a wildlife artist (painter) myself I have always found this topic extremely interesting. More and more I am finding that who knows of you, and who has owned your art, almost at times seems to mean more than the (perceived) quality of the art itself. As a traditional painter I find myself astonished at the price that some seemingly random smudges of paint sell for. But I say good for them! Though I find it puzzling, I continue to paint in this way because I am obsessed with it! Your insight is always valued and appreciated. Wishing you all the best, Sean P. Rademaker
Hey Sean, I'd like to look at some work you might have for sale, how can I find some?
In the art world (as in all things) value is about scarcity. Since there is an abundance of talent in the world , but a scarcity of access to capital, the latter holds more value. Therefore , if a billionaire buys your art, there is an exchange of social capital , which results in your art now being more valuable. The world is made of real capital, and social capital. Between the two , is how art is valued. In most cases.
The Financial market is still a fantastic way for building wealth, however, it's wise to consider investing even if you don't have much money to spare.
@Friedrich Hello, what approach do you
invest with ? I'm a newbie here.
@Friedrich I'll like to connect with him. I want to invest my savings, Please can you help me honestly i need this.
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. Trade with (Williams T. Kevin) and watch things turn around for good. I've learnt so much while investing with him.
@Friedrich I'm delighted to engage in
this opportunity, thanks so much for helping me with this information.
@@linsey. boooooooo
I appreciate how informative this was. Thanks Valuetainment
Patrick thank you for this excellent video. I started purchasing art because there is value in it, and its a good hedge against inflation.
Be careful. As an artist I assure you most of the gains you’ve heard about involve only the top.1% of art. Don’t think your $5,000 painting is going to appreciate the same way.
Been creating masterpieces for the past 10 years and now they are really being recognized globally!
PBD at its finest ,he tells you it's basically a tax scam engaged in by the rich,and rather than avoid it, he tells you that you should become another lamb to the slaughter
As an antique dealer in Washington DC I really enjoyed this video.
That Picasso con-man story was genius!!!!
Pat, you got this all wrong. You got sold the simple man's story as to how art is valued and why, what looks like painings children can paint, goes for millions. Let me explain the game.
Let's say I am a businessman who owns a relatively unknown, or under-appreciated work of art. And let's say I have an investment project that needs a large capital infusion. What do I do? I open up a seperate company (maybe with a trusted partner who is willing to earn a commission for putting his name on the business, but, maybe on my own). I talk to Soethby's and say 'I have a piece of art I would like to put up for auction. Soetheby's says 'ok, it will go under the gavel next week'. When it goes up for auction I get a few of my employees to act as fake 'bidders' on the end of a telephone and they start bidding against ome another for my painting. When the gavel strikes, my under-appreciated piece just went for 8 figures, bought by the company I set up a week earlier. Soethby's is happy because they made their commission on an 8 figure sum.. The 8 figure sum obviously never trades hands because it is my own company that bought it. Now, I can go to the bank and put the painting that is now 'worth 8 figures' up as collateral for the loan that I need to invest in my project. The bank gives me the loan so long as, on paper, its ass is covered by the collateral.
Auction houses like Soethby's and Christies close their eyes to this con because they are making their commissions. But both Soethby's and Christies were charged and convicted decades ago with price rigging.
This is how obscure and unknown artists become famous. The greater the exhibition and media exposure when the art gets 'auctioned' the greater the effect of the con.
This is why publically-held companies do not partake in this game (despite the owners of said companies might) - they would be required, accordimg to accounting standards, to account for the purchase price that never gets paid.
But once an artist gets established via this con, then the market gets legitimitized and trading becomes 'safe'.
Bingo. You just nailed it man 👏👏👏👏
The price of collectors art is a clear example of how much FIAT currency has been pumped into the system by the Federal / Central banks around the world. Paper currency has become unimaginably WORTHLESS in the past two decades.
At those prices, that art better have been made by some alien from alien materials.
Well yes Japan's central bank is the biggest investor in the Japanese stock market and swiss central bank ownes large numbers of US companies dx stocks like apple and tesla the reason is money printing or typing digits in computers have to be used for investment to play derivatives and speculation game to dumpe the newly printed money in circulation so the rich who owns such assets where Central banks invest grow in tremendous value thus create the rich and poor gap divide more wider and wider holding on to a currency note is now worth less in value in comparison when its likned with gold to maintain its purchasing price ability, Due to the rising inflation people have started to blame concept of capitalism for the same but its an effect of fragile monetory system which can be used for more infinite money printing when required to pump in the economy to make it run and perform smoothly short term. With providing long term inflationary consicuences to the common people.
Thank you for exposing us to this, art has always been a rich man's side hustle.
Awesome presentation and really says what the Art is...!!!❤❤
I love Banky! A true modern artist
Thanks for Valuetainment and special thanks for Patrick to all the valuable information on the channel.
after following valuetainment contents and read several recommended books. my friends and I own 3 companies , and 2 real estates
Here we go. Great presentation Patrick 🌟
great video on this ! I am an artist and work at Christies in NYC for 10 years, handled the da Vinci n picassos daily. you summarized it all really well !
Hi ,
May I have a contact where I can reach out to you ?
I'd like to talk about it more and eventually having business together .
It's a serious inquiry . Feel free to let me know .
Best regards ,
Jake Tran channel did a great video on this topic, "Fine Art Isn’t About Art. It’s About Evading Taxes.".
Basically you can value art from it's hype.
Thanks Virgil 🕊🙏🏻
Need more art 🖼 content like this.
Thank you for talking about the business side of art. Very interesting and informative. As an artist myself, it can be frustrating sometimes, to say the least. Maybe sometime in the future you could give advice or a presentation of your viewpoint directed at the artists. If you were the artist, what would concern you business wise? What advice might you have for the artist? Many of us lack business savvy and expertise.
Dont be a straight white male and you'll have plenty RFQs work out.
There are books out there that explain the business side of art to artists. Although you have to be making art that's competitive in style with the contemporary art world. What type of art do you like to make?
@Black Lesbian Poet lol
This a voice and person should be on mainstreaming tv,period!
Thank you
Thank you for this video Pat!
Great Video Pat
I get it, I used to work for an Art Publishing Company.
8:53 Heritage? Norman Rockwell!. I passed on buying an $1,800 print of his back in 1985. Was a merchant Seaman at the time, couldn't fit it in my seabag.
I’ve been investing in comic book art for a few years now. I definitely have some pieces that have done very well.
Great video, I felt the last few videos sucked. But this is valuetainment
“This is a portrait of Patrick Bet Ta Sexy”
ILL TAKE IT FOR 10 GAZILLION DOLLARS 💵
Just watched your card collection show. Toll Jr high - Hoover! Hello brother👋🏼
I am researching Masterworks, and would love an update on how the portfolios are doing in the current market, and do you have any perspective on the current contemporary space?
I bought art from park west gallery. I'm a first timer
Video title ".....Why Billionaires Use It To Avoid Taxes" you forgot to include that part
this is a very elaborate ad.
thanks for those great explanation
This is great Brother, I'm still into classic cars but I can dig this concept..Thanks Very Much👏😎💪👍
And think about the memorabilia and various types of advertising that are synonymous with classic/antique/muscle cars.
Brilliant . Thankyou !! I am an artist but also work in galleries so I know what I'm doing
.
Thank you for broading my interests. I like & respect your family values. Keep on keeping on. B
Trying to text but an old dog trying to use new technology.
Spot on analysis
I'm was disappointed by this video. I am a huge PBD fan and consume your content regularly. Was looking forward to this one because of the mystique around the Art industry. Watching it however, left me with the same questions that I had prior to watching it. I want to know about the black market and money laundering side of the Art industry. Keep up the great work. Your awesome. Cheers.
Check out Steven D. Kelley’s exposées of what is going on at The Getty Museum in L.A. Unbelievable!!
Solid convo
_I love art and i invest in art_
At the very core of this all, Pat is an excellent salesperson.
I've been a struggling artist for over a decade after which I decided to simply keep an average day job.
Watching this video makes me want to look in a mirror and say......
Great video! Value added for sure!
great channel. super
Hi Patrick, absolutely loved watching this video and understanding how art is valued, great explanation👍
All art is not the same, it's the best art's returns that outpace the s&p500. Masterworks and other use the numbers game where they pick a basket of the best performing art and calculate their returns and then say art is outpacing the s&p500. Felix Salmon is a respected financejournalist and he has talk and written about just the art world and have people cherry pick numbers and the amount of scams there are in the artworld.
This is cool stuff !!!
Art is a great investment to hedge against inflation. Better than gold.
You should talk to Jake Tran. He made a very good video related to this.
amazing video
Very Cool insights thanks Patrick
Patrick, you should look into interviewing Robert Rivani, 31 years old, Persian, self made commercial real estate mogul in south Florida.
I’d love to hear his full story of how he did it, start to finish, he doesn’t have many interviews.
It takes money to make money
Never thought Pat would jump on board with masterworks. Seems like a huge cash grab which could end terribly. Fractional shares of art?? C'mon now this is ridiculous.
rich people recently lost a meaningful % of their net worth in the market downturn, everyone owned fb or netflix stock (-50% ytd), you will see a lot of cashing out levrage audiance in the next few month ie : Jerry Seinfeld
Wait until you investigate his main company selling insurance. Its a total MLM scam pushing people who are desperate and likely dont have money into signing up for a $1500 program to sell insurance. I only researched this because I often wondered how the H did he make his money? Now I know and he has lost all credibility to me. Good talker tho, good motivator for what its worth.
@@gnome2024 he's worth 160 million which is wild. All these guys like graham Stephan and meetkevin have super expensive programs too. I'm sure they're educational as they all seem like decent guys but their prices are crazy. I agree he's a good motivator. Probably owes >90% of his bet worth to RUclips exposure. Same with a ton of other multimillionaires with large RUclips subscribers.
@@gnome2024 I just wonder how many of these RUclipsrs who are sponsored by masterworks actually heavily invest in art at all, much less fractional shares of it lmao. The only way I'd promote something is if I really believed it would work. Or else it's just lying to yourself and the public.
It is basically a REIT but for art. I don't think it is a scam per say.
My family new Picasso and we have a couple of pieces from him he was from Spain but he came a lot to Latín America...
I'd like to see more videos on art. And your art that you collect.
well done video, glad u on this level/position put 0 negative thoughts on NFT or also known as digital art which is future, that's for sure.
+ in NFTs u can invest in small cash, depends on coin/blockchain u want to use. but I wish I could go with normal art world.
Nice video.
love banksy
The Exponential Consolidation of Wealth Globally by very few and the Sky Rocketing Inflation of Toys for those Rich People will, very soon, resolve in a Global Financial Collapse unimaginable and comprehensive.
Man I'm an artist. How do you get into reach with these buyers? I been searching and searching. When you coming up it's super hard to get notice. It's crazy talent, gifted and working hard isn't enough at all. Smh
a big reason why the art market exists is to store value anonymously.. perfect for laundering or hiding wealth... if not for this the valuation would be much lower.. you didn't talk about this very important point in your video.
Been daying this
How do these artists display their work in galleries? Do they pay the galleries? Do the galleries pay them? Do they sell online to customers directly? Do they sell through some clubs?
See Steven D. Kelley’s videos about The Getty in Los Angeles - mind blowing !!
Too much Cash register "Cha-ching" sound effect. We get it, it's alot of 💰
This is where crypto or rather nft's come in handy because with that type of technology the artist can keep receiving royalties when the artist artpiece gets resold and rebought over and over again so the initial profits of 10k would've grown to 45 million years later.
Interesting insight...thank you. Wondering if rare musical instrument values may not be increasing faster now for some of the same reasons...hmmm.
Thank you, thank you, thank you! I'm an artist & if one person sees this & learns something, the world is a better place! I'm sending Joey a piece I did & if you like it, you can buy it from him. Thanks, Sir!
I don’t know if I would buy in like that. It seems to Me that, it is like buying gold on paper.
@Valuetainment Pat, Nice video! Please do more on art, but, the artist Edvard Munch (The Scream) is not pronounced «Munic»🤣 And besides The Scream, he also sold «Vampire» and «Girls on The Bridge» for roughly 38 and 54 million dollars. You should check him out😎
Great content as ever.
You have to invest in emerging artists. One artist to pay attention to is Dimitri Likissas with his dot paintings.
It's a gamble on demand but what you're really betting is currency devaluation. That's a Great bet.
There can be dividens with NFTs
The SABER Flag piece!!!!!
Investing has to do with time, earning money has to do with the present trends😏
I recommend to read Fernand LeGros, biography
Problem with art its like real estate it doesn't make you anything while you hold it.
Of course, arts pays "dividend". Art owners will rent their art out to museums or exhibition for ticket sales. Art owners will receive a percentage from the ticket sales. Investing in Masterworks only help these rich people to liquidate their art investment but still own them. There are no regulators to monitor the extra income they get.
They get cash from the liquidation.
They still own the art.
They collect the ticket sales income.
YOU HOLD THE BAGS FOR THEM. Total SCAM!!!!
Poor = *Live to Flex*
Rich = *Live to Invest*
E X P O S E D !!!!
I can't sell a horror ghost story for $80,000, or set up a book contract in America. 😂 Hahaha.
It's used as payments for child trafficking as well you should cover that
What about watches?
any idea that can create value into the market place, will make money and grow in the market. a fellow creator ..
Try to avoid buying from artists who come out of nowhere and yet are selling for a lot of money. Art is a great way to launder money in the drug and human trafficking businesses, and the art is worth bupkis in reality. It's not just the Big Buck items, it could be the five to ten thousand dollar paintings, and even less than that. Some artists are not even the artists, as they have people they extort and traffic (who show some promise artistically) to copy a theme, especially in abstract art where a style is harder to pinpoint. They make many paintings, and whatever might be left over, they will sell to galleries. Some artists are just the ones who have sold out. An example of this is the booming Chinese market, and I will not list the names of artists I suspect are laundering money for CCP players, because they are just suspect. And I'm not even talking about the already infamous suspect of Hunter Biden, because I do not have enough information about his art and who he sold to. But this is apparently a real thing going on in the industry.
And then there’s the work of Steven D. Kelley who has been exposing the evils of The Getty Museum in Los Angeles, including the tunneling to big homes in the area for their sick purposes. He has made many videos exposing The Getty and other satanic areas (Crestline in Lake Arrowhead, for one).
ALWAYS........... know the rules. ALWAYS.
He doesn’t break things down all that well
Sometimes he has good content sometimes I barely understand what he’s saying
Common sense is a fantastic gift from God if only folks would rely on it more
this video could have been presented in less than 2 min.
He is not talking about art, which would have taken many hours to expose, even the tip of that iceberg.
All he needed to explain were the mechanisms of promotion that fool or convince people to accept the truth behind a particular assertion, in this case, the value of a widget called art. That's all.
You gonna be ok? Lol