Episode 67 / VOICES ON ART – The VAN HORN Gallery Podcast / Art and the market | MAGNUS RESCH, Professor, Entrepreneur, Author, New York City
Recorded 13 September, 2022, 46 min., language english
Dr. Magnus Resch is passionate about the economics of the art market. He studied at Harvard, the London School of Economics and the University of St. Gallen, holds a Ph.D. in economics and was awarded scholarships by both the Konrad Adenauer Foundation and the Swiss National Foundation. He is Professor at Yale University and one of the world’s leading art market economists. He is also a bestselling book author and serial entrepreneur. Magnus published in Science, the world’s leading academic journal, and has written seven books on the art market, including three bestsellers. In this Episode Magnus talks his personal background and his take on buying art as a monetary investment vs. buying art as investment into ones emotional wellbeing vs. buying art to support a community of artists and galleries. His school days in Düsseldorf, which he spent opposite the world famous Kunstakademie, gave him the opportunity to meet a group of young art students that became his friends and later on well known artists themselves. Meeting these artists made him realize how hard it is to be successful as an artist and let him develop the ideas that led to his books, lectures and courses. He finds very clear words on what works – and what doesn’t – in an art market that includes (and excludes) many different players and how those different players have to develop their own strategies to achieve success.
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