ArtTactic

In this week's edition of the ArtTactic Podcast, Mary McCauley, arts report for The Baltimore Sun, joins us to discuss the Baltimore Museum of Art's controversial attempt to deaccession three paintings from the museum's permanent collection. First, Mary tells us about the paintings by Andy Warhol, Brice Marden and Clyfford Still and their history with the museum's collection. Then, she reveals what the museum's motivation was to sell the paintings and why they ultimately decided against it. Also, she speculates why the museum received such intense scrutiny while other museums haven't. Lastly, Mary tells us how the residents of Baltimore felt about the museum's controversial decision.

In this week's episode of the ArtTactic Podcast, we chat with Susan J. Mumford, CEO and co-founder of ArtAML, a technology company that provides anti-money laundering checks and expertise for the art market. First, Susan explains what anti-money laundering is and details the new major AML regulation in Europe that is starting to impact the art world. Then, she walk us through how art transactions are changing as a result of the new regulations. Also, Susan explains how ArtAML's tools make it easier for businesses to comply with AML regulations. Further, Susan tells us about the extent of regulations outside of Europe and art markets in other regions are following certain AML practices.

In this week's episode of the ArtTactic Podcast, Reena Davi, arts journalist and critic, joins us to discuss her recent article in CoBo Social about the lack of innovation in the art fair experience. First, Reena recaps the online art fair experience since the pandemic started and details how different fairs are approaching their online platforms. Then, she shares what motivated her to write an article on the lack of evolution of the art fair experience. Also, Reena explains why she believes the online art fairs actually reveal a larger problem pertaining to art fairs. Further, Reena identifies some of the reasons why we haven't seen major progress in the art fair experience in a long time. Lastly, she looks ahead to the future of art fairs and if she expects more of the same or real innovation.

In this edition of Behind The Report, Adam Green previews our brand new series of reports, Then & Now, that will explore how different artist groups or movements from the past are faring in today’s auction market. In this first edition of the series, we look at the group of Young British Artists (YBAs) who emerged during the 1990s and in particular, those artists that participated in the infamous Sensation exhibition at the Royal Academy of Arts in 1997. This includes Damien Hirst, Jenny Saville, Chris Ofili, Tracey Emin, Glenn Brown, Marc Quinn, Sarah Lucas and many others.

In this week's edition of the ArtTactic Podcast, Laura Hoptman, executive director at The Drawing Center, joins us to discuss how she has managed the museum throughout the pandemic. First, Laura introduces us to The Drawing Center, including the museum's history and mission. Then, she describes what it was like to have the museum close abruptly due to the pandemic and how she managed the museum throughout COVID. Also, Laura explains how the museum was able to continue to interact with visitors despite being physically closed. Further, Laura addresses how The Drawing Center has and is continuing to address the racial inequality discussions that have dominated society. Lastly, Laura previews their current exhibition, 100 Drawings from Now, a large group exhibition featuring drawings available for sale to raise funds for the museum.

In this week's edition of the ArtTactic Podcast, Michael Klein, head of Sotheby's Mei Moses, joins us to discuss how the art market is performing during the COVID-19 pandemic according to Sotheby's Mei Moses index. First, Michael familiarizes us with the history Mei Moses index and explains how it works. Then, he reveals that while total auction sales are down significantly during the pandemic, the art market is actually performing better than it did last year. Michael also explains why the supply of art is down more than demand for art and the ramifications of that in the short-term and long-term. Finally, Michael tells us the truth about the trend of new millennial art collectors.

In this week's edition of the ArtTactic Podcast we chat with Thomas Girst, global head of BMW Group Cultural Engagement. First, Thomas discusses the history of BMW's extensive cultural engagement in the visual arts. Then, he shares how BMW Group Cultural Engagement has been impacted by the COVID pandemic. Also, Thomas reveals why we will unfortunately see less support of the visual arts from companies as a result of this crisis. Additionally, Thomas explains how he measures the success of the initiatives he spearheads at BMW. Finally, he offers advice for cultural organizations seeking corporate engagement.

In this edition of Behind The Report, Adam Green previews our Artist Market Report on George Condo in which we take a look at different aspects of his market and career including the term he coined Artificial Realism, his exhibition and institutional history, as well as an in-depth look at every aspect of his auction market.

In this week's episode of the ArtTactic Podcast, Evan Beard, National Art Service Executive at Bank of America Private Bank, updates us on the art lending space. First, Evan categorizes the different types of lenders in the art financing industry and reveals which bucket Bank of America Private Bank falls in. Then, Evan shares how the COVID-19 pandemic along with the associated economic swings have impacted art lending activities. Also, he explains why art financing is no longer a niche practice within the art world. Lastly, Evan identifies a few key challenges facing the growth of the art lending industry in the medium to long term.

In this edition of Behind The Report, Adam Green previews our RawFacts Online-Only Auction Review in which we investigate online-only auction sale trends at Sotheby's, Christie's and Phillips during the COVID pandemic and how they compare to 2019.

In this week's episode of the ArtTactic Podcast, we chat with Tomasz Imieliński, founder and developer of Articker, a technology that aggregates open-source data on artists and artworks, providing unique insights into emerging market trends, and Jean-Paul Engelen, co-head of 20th Century and Contemporary Art and Global Chairman at Phillips. Last week it was announced that Articker and Phillips have formed an exclusive partnership so we wanted to have them on to chat about the tool and how the auction house plans on utilizing the technology. First, Tomasz tells us about the history Articker and how it works. Then, Jean-Paul shares how the insights Articker offers have helped him and his colleagues, while revealing some real life examples. Also, Tomasz answers if he has measured if there is a correlation between art market trends and the media trends. Lastly, Jean-Paul explains how his clients can take advantage of Articker and how the tool is beneficial to collectors.

In this week's edition of the ArtTactic Podcast, we chat with Ronnie Pirovino, contemporary art collector, curator, appraiser and recognized as one of the early and most prolific collectors of KAWS' work and Lindsay Griffith, Head of Department for Prints & Multiples in New York at Christie's about the intersection between urban art and contemporary art as well as their co-curated upcoming auction Trespassing. First, Ronnie tells us about his collecting background and how he became one of the most widely recognized collectors of KAWS' work. Then, Lindsay, explains why it is the right time for Christie's to embrace the urban art collecting category with this sale with Ronnie. Also, Ronnie discusses the significant number of urban art collectors who have expanded their collecting interests to these more mainstream contemporary artists and why this evolution is occurring now. Further, Lindsay, reveals to what extent her regular clients are showing interest in this collecting category. Finally, they share a few of their favorite works in the sale which occurs from August 5-19.

In this week's edition of the ArtTactic Podcast, we're joined by Christian Huhnt, co-founder of Glass, a tool that allows you to instantly look up catalogue raisonné information and the most recent auction results just by texting an image on WhatsApp. First, Christian walks us through the process of how Glass works. Then, he tells us about the robotic machines they use to digitize catalogue raisonnés, page by page. Also, Christian explains why it's so important as a matter of due diligence for those in the art world to search artworks in catalogue raisonnés before buying or selling an artwork. Lastly, Christian shares exactly what artwork details are revealed in a catalogue raisonné.

In this week's episode of the ArtTactic Podcast, we speak with Mike Steib, CEO of Artsy, the leading online platform for discovering, buying and selling fine art. First, Mike shares what happened on Artsy's platform during the pandemic, including how it impacted the behavior of collectors and galleries. Also, he reveals what specific actions the company took to help galleries during this difficult period. Then, Mike tells us what he thought of select galleries, such as David Zwirner Gallery, establishing online platforms that hosted other galleries' exhibitions. Additionally, he answers if we really witnessed a transformation of the online art space during the pandemic.

In this week's episode of the ArtTactic Podcast we chat with Rachael White, a specialist at Christie's and also the Head of their Post-War & Contemporary Morning Sale in New York. Rachel joins us ahead of Christie's ONE auction taking place on July 10th. First, Rachael discusses how the auction house transitioned from live auctions to online auctions and private sales during the COVID pandemic. Then, she touches on the potential for online auctions in the future when live auctions return on a regular basis. Further, Rachael details the resiliency of the art market and the extent to which it was impacted by the pandemic. Also, Rachael helps us preview Christie's ONE, including what the auction experience will be like, if the quality of the material was impacted by the pandemic and what are a few of her favorite lots in the sale.

In this edition of Behind The Report, Adam Green previews our Artist Market Report on Rashid Johnson in which we take a look at different aspects of his market and career including the meaning behind his conceptual and figurative art, experts’ market confidence, exhibition and institutional history, as well as an in-depth look at every aspect of his auction market.

In this week's edition of the ArtTactic Podcast, we are joined by Astrid Hill, vice president and curator of emerging artists at the Hill Art Foundation. First, Astrid tells us about the history of her family's collection and what motivated them to establish the foundation in 2019. Then, she shares with us what the foundation been doing while being closed during the COVID pandemic and how the foundation is approaching reopening. Also, she discusses how young collectors are growing the online art marketplace.

In the inaugural edition of our podcast series Behind The Report, Adam Green previews our Wet Paint 2015 - 2019, in which we deep-dive into more than 2,700 lots that were offered at Christie’s, Sotheby’s and Phillips within 3 years or less of their creation date, hence the title ‘wet paint’. Adam discusses the highlights from the report and shares his personal commentary on flipping artworks at auction and its impact on an artist's career and a collector's relationship with the artist's galleries.

In this week's episode of the ArtTactic Podcast, we chat with Pari Ehsan, founder and creative director of Pari Dust, an online platform focused on the intersection between art, fashion and design. First, Pari tells us about Pari Dust's platform and her journey to found the company. Then, she explains why she is focused on art, fashion and design. Also, she shares stories from over the years from her interactions with art galleries, both positive and negative. Finally, Pari offers advice on how to successfully engage with your social media audience.

In this week's episode of the ArtTactic Podcast, we're joined by our founder Anders Petterson, to discuss our brand new Contemporary Art Market Confidence Report. First, Anders share the history and background of ArtTactic's Art Market Confidence Report. Then, he shares some of the key findings from the report including an 85% decline in market confidence since our previous report in September 2019. On a more uplifting note, Anders and Adam discuss some of the positive developments that have occurred in the art world over the past few months during the pandemic.

In this week's edition of the ArtTactic Podcast, Loring Randolph, director of Frieze in New York, joins us to recap this past week's online version of Frieze New York. First, Loring shares galleries' reactions when it was announced the fair would shift online. Then, she tells us why the online platform will continue to be utilized by the fair in the future. Also, Lorin reports on the level of sales at this year's fair. Further, she touches on the artist gender filter, tells us if they will add a feature in the future to enable visitors and galleries to interact during the online fair and provides an update on Frieze London.

In this week's episode of the ArtTactic Podcast, we're joined by Quang Bao, owner of 1969 Gallery, a New York based gallery. First, Quang tells us how the gallery continues to operate despite being physically closed. Then, we ask him about demand for younger, emerging artists during the pandemic. Quang also discusses the role of Instagram in the art market, the economics behind a small gallery and online art exhibitions. Lastly, he shares the gallery's upcoming exhibition calendar with us.

In this week's edition of the ArtTactic Podcast, we are joined by Carolyn Ramo, executive director of Artadia, a non-profit organization that provides grants to visual artists. First, Carolyn tells us about Artadia, its purpose and who decides who receives grants that the organization allocates to artists. Then, she shares from her perspective how artists are being impacted financially, creatively and in other ways by the current COVID-19 pandemic. Also, Carolyn tells us about Artist Relief, which is providing financial assistance to artists impacted financially by the pandemic, and Artadia's involvement with this effort. Lastly, she instructs how our listeners can contribute to these causes or apply for assistance.

In this week's episode of the ArtTactic Podcast, Robin Pogrebin, culture report for The New York Times, joins us to discuss how art auction houses are shifting online in response to the COVID-19 pandemic. First, Robin provides us with the latest update on when the major May and June auctions will be taking place at Christie's, Sotheby's and Phillips. Then, she discusses the intricacies of their online platforms and how the auctions may be presented to the public. Also, Robin explains why the biggest concern on the mind of auction house executives and specialists is prospective bidders not being able to preview the artworks in person. Finally, Robin tells us how the pandemic may serve as a catalyst for auction houses to embrace technology moving forward and also how the online auction platforms are attracting a younger generation of collectors.

In this week's edition of the ArtTactic Podcast, we're joined by Friedrich Petzel, founder of Petzel Gallery, to discuss how the gallery is adapting in light of the COVID-19 pandemic. First, Friedrich details the gallery's digital strategy and how important it is during this time when the physical gallery is closed. Then, he shares to what extent the pandemic has slowed sales. Also, Friedrich reveals if previous experiences have any similarity to the current pandemic's impact on the art world. Further, he tells us what his conversations have been like with the gallery's artists and when he tentatively plans on reopening.

In this week's episode of the ArtTactic Podcast, Ian Turetsky, associate in Reed Smith's Global Commercial Dispute group, and Casey Laffey, vice chair of Reed Smith's Global Commercial Dispute group, join us to discuss force majeure and other legal issues impacting the art world during the coronavirus pandemic. First, Ian and Casey tell us about force majeure, a clause in contracts that frees parties from liability or obligation when an extraordinary event beyond their control occurs, and why the coronavirus pandemic has made it the hottest topic in the legal world. Then, they explain when force majeure may apply to certain issues in the art world at this time. Also, we speak about certain collectors trying to back out of their invoices at this time and explore to what extent invoices are legally binding. Then, Ian and Casey reveals what parties should be considering if they are entering into contracts in the midst of the pandemic. Lastly, they share some lessons learned from this pandemic that can be used moving forward.

In this week's episode of the ArtTactic Podcast, Adam Fields, founder and CEO of ARTA, the fine art shipping and logistics marketplace, returns to the podcast to update us on the latest during the coronavirus pandemic. First, Adam shares some data regarding the fine art shipping activity on ARTA to illuminate the extent to which the art market has slowed down during the coronavirus pandemic. Then, Adam discusses how several facets of the art world are shifting to the digital space during this time. Also, he provides us with guidance on what to consider if trying to ship artworks during this time.

In this week's episode of the ArtTactic Podcast, Pontus Silfverstolpe, co-founder of Barnebys, a search engine for art, antiques and collectibles from more than 3,000 auction houses and galleries around the world, joins us to talk about the online art market during the coronavirus pandemic. First, Pontus discusses how the art world has been able to shift to the online space during the pandemic. Then, he identifies trends regarding which types of galleries and auction houses possess digital strategies necessary to succeed during this time. Also, Pontus tells us how Barnebys is trying to achieve their goal of becoming a search engine for the art marketplace.

In this week's edition of the ArtTactic Podcast, Richard Polsky, author, dealer and founder of Richard Polsky Art Authentication joins us to discuss the coronavirus and how it is impacting the art market. First, Richard speaks about the impact the virus has had on the art market, including pushing back the major May auctions. Richard also recalls how the art market responded to the tragic events on 9/11. Then, he identifies some artists he believes are still worth acquiring even during this difficult economic environment. Also, Richard speculates that certain galleries may move to an exclusive online model after they will be forced to not have physical gallery spaces during the next few months due to the virus.

In this week's edition of the ArtTactic Podcast, Anders Petterson, founder of ArtTactic, joins us to breakdown the recently released TEFAF Art Market Report on art patronage in the 21st century. First, Anders explains why this year's report focuses on art patronage. Then, he shares the history and importance of private art patronage in US and Europe. as public funding diminishes. Also, Anders identifies some of the new models of philanthropy that are being explored in Asia, Africa, the Middle East and Latin America. Additionally, Anders touches on how millennials are approaching philanthropy in the arts and to what extent technology is playing a role.

In this week's edition of the ArtTactic Podcast, we speak with Lisa Movius, a Shanghai based journalist who is the Asia correspondent for The Art Newspaper, about the coronavirus and its impact on the Chinese art scene. First, Lisa provides us with an update on the virus and what the mood is like in China both from a social and economic perspective. Then, she details the lack of activity going on regarding fairs, galleries and museums in China at the moment. Also, Lisa tells us if she is hearing if Chinese collectors will be active or will be sitting out of the art market in the short term. Lastly, she reveals if there is a sense in China as to how things may play out with the virus over the next few months.

In this week's episode of the ArtTactic Podcast, Margaret Carrigan, deputy art market editor at The Art Newspaper, joins us to help recap and dissect the art fair week in LA, which included Frieze and Felix. First, Margaret identifies some of the major differences in the Los Angeles art fair week between this year and last year's inaugural edition. Then, she explains the uniqueness of Frieze LA and how it compares to other major art fairs. Also, Margaret shares some of the sales highlights from the fairs. Additionally, Margaret tells us what art world insiders were discussing during the fair week. Lastly, Margaret provides a recap of the second edition of Felix and reveals why the hotel fair is garnering so much attention.

In this week's episode of the ArtTactic Podcast, we're joined by Mills Moran, owner of Moran Moran and founder of Felix, which occurs Feb 13-16 at The Hollywood Roosevelt. First, Mills describes the uniqueness of Felix compared to a typical art fair, in particular being held in a hotel. Then, he shares some of the major changes coming to the fair in 2020. Also, Mills explains the unique economic opportunity Felix provides exhibiting galleries. Lastly, Mills reveals how difficult it is to pick galleries to include in the fair.

In this week's episode of the ArtTactic Podcast, Christina Binkley, a freelance journalist who writes about the business of culture, joins us to discuss the growing sneaker market and how and why major auction houses are targeting it. First, Christina reveals how big the sneaker market is at the moment and how collectors currently buy and sell sneakers on the primary and secondary market. Then, she identifies some of the most highly coveted brands and shoes on the market. Also, Christina explains why major traditional auction houses are determined to become involved in the sneaker market and to what extent they have participated already. Additionally, she shares how certain fine artists are garnering appeal from sneaker collectors.

In this week's episode of the ArtTactic Podcast, we're joined by Mike Steib, CEO of Artsy, the online platform for collecting and discovering art. Previously CEO of XO Group, the parent company of The Knot, Mike shares with us a few of the most surprising things he discovered about the art market and the online art space. Then, Mike reveals some interesting insights about trends in the marketplace based on the data they have gathered on their platform. Also, he gives his thoughts on Instagram's role in the art market and if he considers them to be a competitor. Finally, Mike identifies some of the biggest challenges for Artsy and the entire online art space moving forward.

In this week's episode of the ArtTactic Podcast, we're joined by freelance journalist Deirdra Funcheon, who wrote an article in the Washington Post magazine detailing Purvis Young's career and the conflict surrounding his estate. First, Deirdra introduces us to Purvis' career and explains why he is considered an outsider artist. Then, she identifies some of the key turning points in his career. Also, Deirdra, details the complexity of the artist's estate and reveals how his paintings were allocated following his death.

In our end of year 2019 episode, Judd Tully, veteran art market reporter and frequent contributor to ARTnews, joins us to recap the art market in 2019. First, Judd identifies some of the top storylines of 2019 for the art market. Then, he reveals who were some of the biggest winners of the year when we think about artists and their markets. Also, he shares what trends in art defined the year. Additionally, Judd tells us his favorite exhibition of 2019. And lastly, Judd gives us a few bold predictions of the art market in 2020.

In this week's episode of the ArtTactic Podcast, Mark Rappolt, editor-in-chief of ArtReview and ArtReview Asia, joins us to review their recently published Power 100 rankings, listing the year's most influential people in the contemporary art world. First, Mark tells us about the history of the list and how it is compiled each year. Then, he explains why Glenn Lowry, the director of MoMA, tops the list this in 2019. Also, Mark discusses some of the new entrants on the list as well as some unexpected names, including Banksy. Finally, Mark shares broader trends in the contemporary art world regarding what positions are gaining or losing influence.

In this week's episode of the ArtTactic Podcast, Nate Freeman, senior art business reporter for Artnet News, joins us to recap this year's edition of Art Basel Miami Beach. First, Nate discusses how Maurizio Cattelan's $120,000 banana took over the fair and why this fair will forever be known as "Banana Basel". Then, Nate shares his thoughts on the overall fair and how the strong the art and market was during the week. Also, he identifies artists, besides Cattelan, who had important weeks at the fair. Further, Nate explains how successful the inaugural exhibition was at the new Rubell Family Collection museum.

In this week's edition of the ArtTactic Podcast, Kelly Crow, art market reporter for The Wall Street Journal, joins us to recap last week's major Post-War and Contemporary auctions in New York. First, Kelly addresses the fact that there were few trophy pieces up for auction this season and she speculates if this was due to a lack of estates or if this is a reflection on market sentiment. Then, Kelly identifies some bargain shopping that occurred in the evening sales. Also, she explains why we witnessed several auction records for an older generation of African American artists who are finally being recognized by collectors and museums. Further, Kelly reveals if there is concern about the very quick spike in prices for younger artists at auction and to what extent Asia is pushing up prices for these artists. Lastly, Kelly addresses an unfortunate situation that she is currently reporting on regarding famed collector Donald Bryant.

In this week's edition of the ArtTactic Podcast, we speak with Danny First, collector, artist and founder of The Cabin, a small exhibition space in his LA backyard, and La Brea Studio Artist Residency, an artist residency program in LA. First, Danny tells us about the process of an artist moving to LA for a month, living and working in the residency studio and ultimately having a show at The Cabin. Then, he discusses the importance and power of Instagram for discovering and connecting with artists to consider for his residency program. Also, Danny shares what motivated him to launch his residency and exhibition space as well as what distinguishes his from others in the art world. Lastly, Danny discusses some of the artists who have participated in his residency and exhibition space, such as Tschabalala Self, Devan Shimoyama and Amoako Boafo.

In this week's episode of the ArtTactic Podcast, we're joined by Noah Wunsch, global head of e-commerce at Sotheby's. First, Noah discusses the importance of brand innovation and how he has worked to bring that to Sotheby's, a firm that already possesses such a valuable and established brand. Then, he shares how much growth Sotheby's has had on the e-commerce platform over the past few years. Also, Noah touches on what it was like to incorporate such a large e-commerce platform to such a historic business like Sotheby's. Then, he identifies the top performing categories on the e-commerce platform and he reveals what he would say to a potential consignor who is reluctant to sell their art in an e-commerce sale.

In this week's edition of the ArtTactic Podcast, Andy Ellis, director of Art UK, joins us to discuss the online home for every public art collection in the UK. First, Andy explains how visitors on the site can explore public art collections in the UK. Then, he shares the mission behind Art UK which is to democratize art so it is accessible to the masses. Also, Andy shares how they are able to catalogue and digitize so many artworks, how they address copyright issues and how Art UK is funded.

In this week's episode of the ArtTactic Podcast, Susie Goodman, executive director at Strauss & Co, a leading auction house in South Africa, joins us to discuss the African art market. First, Susie tells us about the evolution of the African art market over the past 10 years and what role South African has played as the most established art market. Then, she tells us to what extent renowned African contemporary artists, such as Julie Mehretu, Marlene Dumas and Njideka Akunyili Crosby, are collected by African collectors and she also identifies lesser known African artists worthy of consideration by global collectors. Susie also touches on the success of female artists in Africa as well as how the politics of the continent has influenced the kind of art being made by contemporary artists.

In this week's episode of the ArtTactic Podcast, Anders Petterson, founder of ArtTactic, joins us to discuss the art market in 2019 as well as highlight a few recently released ArtTactic reports. First, recaps the art market's performance in the first half of 2019 and shares ArtTactic's outlook for the autumn season. Then, he identifies some of the key findings from ArtTactic's inaugural Auction Guarantee report and explains what role guarantees have been playing in the market so far this year. Finally, Anders updates us on the ArtTactic Forecaster auction prediction platform, which has now recorded over 1.2 million forecasts.

In this week's episode of the ArtTactic Podcast, Freya Simms, CEO of LAPADA, joins us to recap last week's annual LAPADA Art & Antiques Fair in London. First, Freya tells us how the fair went and identifies some highlights that were for sale. Then, she gives her thoughts on the state of the broader antiques market and how the market has shifted over the past decade. Also, Freya discusses an interesting trend that has led eco-conscious shoppers to acquiring antiques over new furniture. Finally, Freya reveals how often people actually find hidden antique gems in their attics!

In this week's episode of the ArtTactic Podcast, Anne Rappa, senior vice president at Huntington T. Block, joins us to answer our questions on art insurance. First, Anne identifies and corrects some of the most common misconceptions about art insurance. Then, she reveals how climate change has impacted art insurance and if there has been a recent uptick in claims as a result of severe weather. Also, Anne explains the difference between blanket and itemized art insurance. Lastly, Anne offers advice to collectors who are trying to make sure they aren't over or under insured, especially considering the frequent changes in values in the contemporary art market.

In this week's edition of the ArtTactic Podcast, Victoria Stapley-Brown, former deputy museums editor at The Art Newspaper, joins us to discuss the state of museums in the US following the controversy surrounding Warren Kanders' resignation from the Whitney Museum board. First, Victoria shares if there is any consensus or even guidance regarding what is deemed acceptable sources of funding in 2019 for museums. Then, she touches on the level of nervousness museums are feeling on if these high-profile incidents may discourage philanthropy moving forward. Also, Victoria tells us if she expects the museum industry to make any drastic changes moving forward because of these controversies.

In this week's edition of the ArtTactic Podcast, Hannah Elliott, staff writer at Bloomberg News covering the luxury sector, joins us to recap the Monterey classic car auctions. First, Hannah breaks down the unfathomable auction blunder at Sotheby's for the Porsche Type 64. Then, she recaps the overall performance of the classic car market during the week and explains why some referred to it as a bloodbath. Hannah also reveals which carmaker is frequently dominating the market and explains why Asian car collectors haven't had an impact on the market yet.

In this week's episode, we're joined by professor Jerry Wind, the Lauder Professor Emeritus and Professor of Marketing at The Wharton School of the University of Pennsylvania and co-author of Can Art Aid in Resolving Conflicts. First, we discuss the recent news of Sotheby's being purchased and transforming from a publicly traded auction house to a privately owned business. Jerry explains some of the ways being a public company may have been prohibitive for Sotheby's. Also, he shares how he envisions their business evolving. Further, Jerry tells us how Sotheby's and its rival Christie's may compete against each other now that both are private firms. Then, we discuss Jerry's new book, Can Art Aid in Resolving Conflicts and he identifies some of the most notable examples of when art played a role in resolving conflicts or building bridges among opposing groups.