The Financialization of Art with Philip Hoffman


Katie and Steve speak with Philip Hoffman, founder and CEO of The Fine Art Group, about art funds, art financing, and financial guarantees of auctions sales.  They also explore how art is performing as an asset class.  Philip started the first “art fund” in 2002, and he is one of the world’s leading experts on the financialization of art.

Resources:

The Fine Art Group – https://www.fineartgroup.com/en/

http://www.artfundassociation.com/index.html

https://www.nytimes.com/2018/06/08/arts/art-financialization-blockchain.html

https://www2.deloitte.com/us/en/pages/financial-services/articles/art-and-finance-report.html

https://www.ft.com/content/0d4a50f0-cbff-11e5-a8ef-ea66e967dd44

https://www.artsy.net/article/artsy-editorial-art-loans-popular-ultra-wealthy-good-economic-times-bad

https://www.theartnewspaper.com/news/guarantees-the-next-big-art-market-scandal