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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.
Famous, unique pieces of art are inherently illiquid. They don't sell very often, and pricing is inherently difficult to estimate. Nonetheless, it's a huge business, and investors have been attempting for a long time to turn art into a proper asset class. On this week's podcast, we speak to Margaret Carrigan, an editor at The Art Newspaper, about how investors are attempting to financialize the art world via the use of guaranteed prices at auction.
To contact the editor responsible for this story: Laura Carlson at lcarlson21@bloomberg.net
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