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Speaker 1: Ridiculous History is a production of iHeartRadio. Welcome back to

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Speaker 1: the show, Ridiculous Historians. Thank you, as always so much

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Speaker 1: for tuning in, Going once, going twice sold. That's our

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Speaker 1: super producer, mister Max Williams.

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Speaker 2: Hey, Max Williams ones, I'm sorry, boy man, those felt

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Speaker 2: those folks, those auctioneerss they they've got they they've got

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Speaker 2: the gift a gap.

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Speaker 1: You know, I'm a I'm a hip hop guy, so

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Speaker 1: I study the auctioneer.

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Speaker 3: There's a cadence to it.

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Speaker 1: Ill you we are also uh we are Ben Poland

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Speaker 1: and mister Noel Brown and an early episode previously on

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Speaker 1: Ridiculous History, we decided on the fly to engage in

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Speaker 1: our longgoing fascination about a thing called auction houses.

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Speaker 3: Do we all know?

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Speaker 1: We all know it an auction houses?

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Speaker 3: Right?

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Speaker 2: Yeah? I mean, you know, like Sodabi's and Christie's and

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Speaker 2: I guess there's more niche ones, but those are the

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Speaker 2: ones that have I guess the longest sort of history.

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Speaker 2: But I got to ask you guys before we jump

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Speaker 2: more into the top. Have either of y'all ever been

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Speaker 2: to an auction?

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Speaker 3: Yes? I honestly have not.

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Speaker 2: Okay, well, then Max you're out of this one, Ben,

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Speaker 2: What kind of auction did you go to?

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Speaker 1: H I've been to several. I've been to some art

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Speaker 1: auctions or what you would also antiquity auctions you'd call it.

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Speaker 1: And car auctions there are a lot of There are

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Speaker 1: a lot of car auctions around every year, even every

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Speaker 1: month and summer bigger than others. But they're a great

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Speaker 1: way to get a deal. However, especially in those auctions

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Speaker 1: NOL caveats in tour the buyer must be.

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Speaker 3: Ware well, yes, as is y'all.

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Speaker 2: And also you never know whose car you're buying exactly.

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Speaker 2: The providence of the of the item might be a

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Speaker 2: little obscure. But maybe I'm also thinking of, like you know,

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Speaker 2: buying things at auction on courthouse steps like allys gone

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Speaker 2: into foreclosure.

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Speaker 3: That's the type of auction as we pay for.

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Speaker 1: A while, was the most common auction situation for a

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Speaker 1: lot of people, right like why should I pay ten

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Speaker 1: dollars for something if I could maybe pay seven or

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Speaker 1: twenty five?

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Speaker 2: And unfortunately eBay with everyone kind of knowing how to

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Speaker 2: use the internet and kind of knowing how much things

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Speaker 2: are going for, very hard to get those deals. You

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Speaker 2: used to be able to get and that's sort of

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Speaker 2: the point of an auction in a way, is to

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Speaker 2: be a part of the like the economics of it all,

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Speaker 2: whether it be driving the price up or whether it's

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Speaker 2: kind of figuring out what the market will allow. And

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Speaker 2: sometimes that market is just a room of very wealthy people,

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Speaker 2: and that is what the market will sustain. I've been

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Speaker 2: to one auction in my life and it was back

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Speaker 2: in my days as a reporter in Augusta, Georgia for

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Speaker 2: public radio. And we have this thing called the Futurity,

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Speaker 2: which is a big horse show, and I think there's

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Speaker 2: events that kind of rodeo type events that go into

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Speaker 2: some show aspects, but a big part of it is

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Speaker 2: the buying and selling of fancy horses, and that doesn't

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Speaker 2: always happen with the fully formed horse.

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Speaker 3: The sperm.

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Speaker 2: Right, I went to a horse sperm auction, big business.

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Speaker 2: I haven't been back. I'm doing a move right now

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Speaker 2: that I'm not loving, but well I'm trying to.

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Speaker 4: I think it's season six of Rick and Morty or

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Speaker 4: Morty's at his mom, Beth's job, and she's a vet

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Speaker 4: and there is this machine there that is designed to

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Speaker 4: get this thing from.

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Speaker 1: Horse to automate the process of extracting.

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Speaker 3: And Mary takes a lot of curiosity in the machine.

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Speaker 1: Sure. Yeah, we've all been kids around a vacuum cleaner.

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Speaker 3: You get it.

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Speaker 1: The uh but Noel, tell us about this. Was it

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Speaker 1: a surprising thing to you that such a price point

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Speaker 1: would be put on, like thoroughbred champion reproductive material.

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Speaker 3: If I'm not mistaken.

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Speaker 2: It got up into the thousands, and I believe there

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Speaker 2: were some that were even in the tens of thousands. Yeah, real,

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Speaker 2: you know, purebreads or whatever, thoroughbreds rather, But no, I

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Speaker 2: was it was of course, the little child in me

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Speaker 2: was giggling the whole time. And they really these types

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Speaker 2: of auctioneers do use that very quick old timy You

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Speaker 2: gotta pay attention or else you'll miss it, kind of

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Speaker 2: like uh, you know, very quick hit cadence of that,

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Speaker 2: almost like you said, Ben, like almost.

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Speaker 3: Like a hip hop delivery.

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Speaker 2: It's auctions are weird and they have obviously anyone thinking

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Speaker 2: about history and auctions will remember the very difficult and

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Speaker 2: nasty and problematic roots of auction.

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Speaker 1: Yeah, so let's go to the history of auctions and

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Speaker 1: auction houses from art Decks, which is a great resource

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Speaker 1: we're going to lean on here. It goes back into

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Speaker 1: five hundred BCE, before the Common era. A Greek historian,

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Speaker 1: probably most famous for being in Assassin's Creed Odyssey, named Herodotus.

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Speaker 1: He also wrote a book called Histories. He is one

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Speaker 1: of the first to mention what we call the antecedent

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Speaker 1: of the auction procedure. And it was used in slavery

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Speaker 1: basically to auction off women in the Empire Babylon for marriage.

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Speaker 2: And this isn't you know, I mean, you can tell

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Speaker 2: by just the fact that these are being treated as

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Speaker 2: you know, property. This was very much marriage as property

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Speaker 2: type arrangements.

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Speaker 3: You know, with very little no, not very little.

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Speaker 2: Let's just go ahead and say zero agency on the

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Speaker 2: part of the person being auction sure.

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Speaker 1: And this was also surprised just like a cherry on

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Speaker 1: top of the evil Sunday. Here, the auctioneer was the

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Speaker 1: subjective arbiter of price. So the auctioneer would check out

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Speaker 1: the person that they were putting up as an object

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Speaker 1: for bidding and.

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Speaker 3: Sake sure, looking at teeth, yeah, like a horse, you

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Speaker 3: know what.

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Speaker 1: I mean, asking age, et cetera, and would judge on

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Speaker 1: what the auctioneer saw as their attractiveness. Yes, the auctioneer

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Speaker 1: was usually a dude, and then also determine the order

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Speaker 1: in which these people would be put up for bid.

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Speaker 1: And the only way this was normalized this was to

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Speaker 1: a degree institutionalized. If you were doing an arranged marriage,

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Speaker 1: then the winning bid is let's think of that kind

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Speaker 1: of as the dowry. So a guy would say, a

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Speaker 1: father would sell his child to another man and conspire

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Speaker 1: to arrive at a certain price. And often, if we

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Speaker 1: are to believe Herodotus here, often the price was pre

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Speaker 1: arranged with the chance that someone would outbid. And you

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Speaker 1: know less we cast these guys entirely as villains, which

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Speaker 1: they kind of were. There was a return policy. Oh good, Yeah,

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Speaker 1: but it wasn't for the woman. Is the thing that

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Speaker 1: people skip over in the history of the research. I

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Speaker 1: figured it was for if the dude was unhappy. And

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Speaker 1: of course the Romans had a similar arrangement. From that

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Speaker 1: piece that I mentioned history of auctions and auction houses

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Speaker 1: the Roman Empires, auctions used to dispose of property and

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Speaker 1: products were known as the atrium auctionarium. Roman troops also

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Speaker 1: employed the approach to distribute the spoils of war, which

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Speaker 1: would have suited their triumphant sentiments. Nothing even individual was

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Speaker 1: off limits. Yeah, slaves of course seized from their enemies.

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Speaker 1: And then of course a lot of this money I

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Speaker 1: believe didn't go to the individual soldiers. This was more

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Speaker 1: of a booster kind of effort, right to put money

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Speaker 1: back into future conquest, state supported war machine. You can

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Speaker 1: see things like that in the modern day, which we'll

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Speaker 1: talk about the future, I imagine. But you could also

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Speaker 1: if you were in debt, because our concept of bankruptcy

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Speaker 1: law works very differently here in twenty twenty four in

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Speaker 1: the US, if you were in debt as a Roman,

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Speaker 1: and you were one of the relatively small portion of

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Speaker 1: the population that qualified as a citizen, you could avoid slavery,

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Speaker 1: which was like the end result of bankruptcy. You could

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Speaker 1: avoid that by selling your assets in the atrium auctionarium.

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Speaker 1: And the word since we're all etymology nerds here, the

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Speaker 1: word auction derives from this point in time, derives from

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Speaker 1: the Latin word octus, which means increasing, so you can

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Speaker 1: always the thing is usually the person who is placing

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Speaker 1: their possession, their property up forbid. The auction is kind

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Speaker 1: of on their side because humans will tend to compete.

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Speaker 1: We'll see we see shadows of this in the modern

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Speaker 1: day auctions, which are usually stuff like sothabes, right, very

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Speaker 1: very rare items, historical items of note, or perhaps most

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Speaker 1: successfully for the auction houses, I would posit they make

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Speaker 1: the most money off of things that are one of

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Speaker 1: a kind but of interest to very few well moneyed people,

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Speaker 1: like celebrity items and so.

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Speaker 2: Yeah, as we were talking about earlier, where it's like

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Speaker 2: it's this microcosm of economics where the whole driver of

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Speaker 2: it is who who's in the room, you know, and

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Speaker 2: who's being sent to bid on this very bespoke item,

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Speaker 2: and that is what determines kind of like the jockeying

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Speaker 2: for a for a price, and then one's a thing

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Speaker 2: is paid for a certain price is paid for a thing.

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Speaker 3: That then kind of becomes the value of the thing.

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Speaker 2: Right, Yes, it's an interesting way of assigning value to

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Speaker 2: things that are quote unquote priceless.

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Speaker 3: Right.

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Speaker 1: Oh yeah, look into the recent Saudi Arabian auction and purchases,

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Speaker 1: and also check out our earlier episode on stuff they

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Speaker 1: Don't want you to know about Fine art as a

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Speaker 1: beautiful avenue for money laundry. If you're in you know,

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Speaker 1: I can't give you, I can't give you sixty million

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Speaker 1: dollars whatever directly. However you can, you know, have your

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Speaker 1: kid draw something and put that up for auction. I'll

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Speaker 1: pay sixty million for that. And we're square because we're

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Speaker 1: not criminals. We just like fine art.

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Speaker 3: That's right.

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Speaker 2: We are what's the word ben patrons, that's right, or

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Speaker 2: the arts. And as you can imagine, there are some

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Speaker 2: interesting terms that maybe haven't stuck around, but the magister

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Speaker 2: or master auctionarium was back in the Roman days, a

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Speaker 2: licensed auctioneer. There were procedures involved, like to get things started,

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Speaker 2: you would you know, these would often be done in

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Speaker 2: like a town square, a public gathering place. The majister

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Speaker 2: auctionarium would drive a spear into the ground, letting folks

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Speaker 2: know it was time to begin. And then the seller

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Speaker 2: is known as the dominance, which makes sense.

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Speaker 3: That's a person kind of with the upper.

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Speaker 1: Hands though because a lot of these folks, again were

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Speaker 1: in debt.

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Speaker 2: That's a good point, man, that's a good point. Then

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Speaker 2: we had the argentarius, who is the person who organized

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Speaker 2: the auction, and then there was an prey co who

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Speaker 2: was sort of the promoter, right like almost like because

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Speaker 2: these are in a way, you know, auctions are kind

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Speaker 2: of fun. It's like watching a horse race or something.

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Speaker 2: You know, you want to see who quote unquote wins

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Speaker 2: the art.

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Speaker 1: So let's think of the Argentarius as sort of the producer,

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Speaker 1: and the preco is sort of the marketing, but also

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Speaker 1: the person who conducts the auction itself. And at this

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Speaker 1: time they didn't have the sort of can't that we

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Speaker 1: recognize today, which is called the auction chant, the cry yeah,

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Speaker 1: that sort of stuff, right, that's not a thing yet

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Speaker 1: about whatever they did was still interesting in its own right.

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Speaker 2: I don't know that we have exact obviously there were

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Speaker 2: no recordings of it, but do we have any sense

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Speaker 2: of how these were carried out, like if it was

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Speaker 2: just a little bit more maybe by signals.

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Speaker 1: Or probably a town hall vibe, you know, that makes

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Speaker 1: sense as far as the etymology. One last thing we

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Speaker 1: should mention is the name of the buyer, Emptour, which

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Speaker 1: leads us to the phrase caveat Emptour, buy the tire. Yeah.

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Speaker 1: I like to say that just a casual speech, you

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Speaker 1: know what it's.

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Speaker 2: Of these terms, that's probably the most recognizable today and

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Speaker 2: it's used you know, if you are buying something or auctioning.

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Speaker 2: Paying for something an auction usually that that is sort

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Speaker 2: of implied that like you're you get what you get.

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Speaker 2: And there are situations where you are bidding on something

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Speaker 2: with the understanding that it is in fact entirely authentic.

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Speaker 2: There will be certificates of authenticity. There will be again

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Speaker 2: like with a horse, where you check out the teeth

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Speaker 2: and you've got someone out there showing you their giant whatever.

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Speaker 2: You know, they're breeding equipments. Yeah, ohs exactly, So you

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Speaker 2: know you you I don't know that if you if

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Speaker 2: you bought something like that at auction and then it

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Speaker 2: was a lemon, surely you would have some recourse if

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Speaker 2: it was like part of the understanding that you were

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Speaker 2: buying something that was you know, functional.

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Speaker 3: But there are situations where when you.

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Speaker 2: Have as is in the in the in the you know,

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Speaker 2: the description of the item that is when caveat emptur

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Speaker 2: surely applies absolute.

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Speaker 1: And we also see the precedent from what we would

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Speaker 1: call a state sales today.

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Speaker 3: Did I tell you.

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Speaker 1: Guys, one of my friends took me to an estate

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Speaker 1: sale recently to several we made a.

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Speaker 3: Day of it.

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Speaker 2: I know people that make a it's they make their

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Speaker 2: living doing that, you know, and that's honestly a place

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Speaker 2: where you can get the deals. Yes, because a lot

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Speaker 2: of times people are i would maybe not under duress,

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Speaker 2: but they're they're trying to get rid of some stuff.

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Speaker 3: They don't want to prolong this.

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Speaker 2: So you're more likely to get a deal and in

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Speaker 2: a state sale than at an actual auction.

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Speaker 3: Where everything's kind of understood exactly.

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Speaker 1: It's a fascinating anthropological investigation. You know, you learn about

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Speaker 1: the dead person kind of the same way you learn

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Speaker 1: about the life of a tree through dendo crytology, which

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Speaker 1: is like reading the rings of what they were interested in.

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Speaker 1: But also, arguably it could be a bit coolish thing

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Speaker 1: is it's not a new practice. We know that for

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Speaker 1: like twelve hundred years. Fast forward auctions still are a thing.

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Speaker 1: They're a very practical way to redistribute resources and property,

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Speaker 1: and they were often used to monetize the possessions of

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Speaker 1: those who had recently passed on, as r. Pal Doyle says,

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Speaker 1: as early as the seventh century Common Era, when a

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Speaker 1: monk died, what possessions they had were sold at auction,

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Speaker 1: and then if you fast forward to the thirteenth century

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Speaker 1: King Henry the seventh would issue these royal licenses to auctioneers,

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Speaker 1: so you could say, I'm legit, you can trust me.

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Speaker 1: I came by this dead person's stuff through legal means.

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Speaker 3: That's a good point, ben.

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Speaker 2: It is sort of a way of absolving, you know,

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Speaker 2: a situation that might be considered theft, or it might

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Speaker 2: be considered problematic, sort of pillaging of someone's earthly possessions.

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Speaker 3: You know, it's a bit of a loophole. Feel for

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Speaker 3: this way, right, nol Is.

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Speaker 1: It not kind of a loophole? Yeah, it's sort of

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Speaker 1: like tagging bureaucratic base.

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Speaker 3: I think that's right.

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Speaker 2: And then in fifteen fifty six, the French government had

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Speaker 2: what they called bailiff auctioneers, and they would sell items

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Speaker 2: for the government from folks who died in battle perhaps

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Speaker 2: or were executed. So again they're selling this stuff. They're

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Speaker 2: making money back for the Crown off of people who

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Speaker 2: were potentially killed.

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Speaker 3: Under suspicious and or unfair circumstances. I mean, let's be honest.

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Speaker 2: You know a lot of times these were political dissidents,

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Speaker 2: you know, who were perhaps pillaried in that way and

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Speaker 2: maybe had actually not done anything wrong, per se but

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Speaker 2: we're just enemies of the state. And then this is

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Speaker 2: a great quote unquote legal way of taking all of

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Speaker 2: their stuff and selling it to make money.

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Speaker 1: Kill a couple of Cathers, kill a couple other religious heretics,

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Speaker 1: you know, make some coin on the other side.

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Speaker 4: This reminds me.

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Speaker 3: I don't know why.

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Speaker 4: It reminded me of this guy in particular, but remember

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Speaker 4: but signedist we did who just kept on getting in

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Speaker 4: trouble for like yelling about like how we didn't think

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Speaker 4: the Holy Trinity was right.

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Speaker 3: Oh yeah, yeah, yeah, yeah, I don't know.

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Speaker 4: Just this section r here remind me of that guy,

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Speaker 4: because that guy was like, man, he just couldn't let

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Speaker 4: it go.

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Speaker 1: We also echoes of this in the ongoing debate, at

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Speaker 1: least in the West, about who should profit from the

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Speaker 1: sale of serial killer paraphernalia.

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Speaker 2: Oh it's a really good point, Ben, check out the

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Speaker 2: episode on that subject and stuff. They don't want you

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Speaker 2: to know, the other show that Ben and I do

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Speaker 2: with our buddy Matt Frederick.

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Speaker 3: But English auctioneers.

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Speaker 1: All right, now, we're getting to like modern.

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Speaker 3: Kind of so yeah.

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Speaker 2: Sixteen seventy four was the first recorded auction of a

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Speaker 2: painting in England and it took place at the Somerset House.

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Speaker 3: Then in the late sixteen hundreds a lot of rare books.

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Speaker 2: Were being auctions in London as well, and then you

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Speaker 2: started to see real estate, like we're talking about sort

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Speaker 2: of things that might have been seized being auctioned in England.

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Speaker 2: That was announced officially in the newspaper with a notice

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Speaker 2: in the London Evening Post on March eighth, seventeen thirty nine.

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Speaker 3: This also is taking place elsewhere in Europe, right.

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Speaker 1: Yeah, yeah, there is an interesting i would say cross

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Speaker 1: wave or differing interpretation of auctions in Holland around the

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Speaker 1: same time. In Holland, the bidding system was called.

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Speaker 3: Mine, that's mine, that's.

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Speaker 1: Mine, did mine, did tips, and they would start at

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Speaker 1: a pre deter so like a lot of auctions have

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Speaker 1: a minimum bid now, but these guys would start at

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Speaker 1: the highest optimal bid and if someone said yes, great,

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Speaker 1: If no one spoke up, they would keep dropping the

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Speaker 1: price until someone said yes, which is I think a

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Speaker 1: little more reasonable for those of us who are not

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Speaker 1: crazy aristocrats.

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Speaker 3: Anyway.

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Speaker 1: Well, these are the bones of the modern precedent. But

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Speaker 1: it wasn't until around the seventeenth century that today's some

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Speaker 1: of today's most popular auctions, art auctions are creating this

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Speaker 1: kind of collector base for the emergent middle class of Flanders,

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Speaker 1: Holland and some i would say, some parts of Italy

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Speaker 1: where there's already flourishing international trade and discourse. Oh a,

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Speaker 1: newspapers start advertising auctions at this point.

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Speaker 3: Yeah, yeah.

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Speaker 2: That English real estate auction I think was one of

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Speaker 2: the first public notices that we were saying.

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Speaker 3: So, of course, as.

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Speaker 2: As you pointed out in Guys, we've already described, there's

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Speaker 2: some serious evolution of the processes from back with the

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Speaker 2: Greeks and the Romans to relatively modern day.

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Speaker 1: Also, as we mentioned we talked about this off air,

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Speaker 1: there are some incredibly unclean things about auctions. The shadows

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Speaker 1: of the Babylonian trafficking, which is really what we call

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Speaker 1: it today, continued well into the modern era with things

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Speaker 1: like slave auctions.

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Speaker 2: That's right, Yeah, And I think when we were talking

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Speaker 2: about the troubled history of auctions, more so than the Babylonians,

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Speaker 2: the mind tends to jump to auctioning of human beings

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Speaker 2: for the purposes of conducting you know, backbreaking labor for

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Speaker 2: zero money aka slavery, and of course that is thank god,

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Speaker 2: no longer legal. Still to your point, though, ben was

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Speaker 2: something that was much more modern than a lot of

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Speaker 2: people would like to like to accept. And of course

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Speaker 2: there are still snippets and pieces of attitudes associated with

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Speaker 2: that time that have not.

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Speaker 3: Entirely gone away.

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Speaker 1: The consequences remain. Yeah, for anybody who wants to learn

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Speaker 1: more about that, look into events like the Great slave

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Speaker 1: Auction of Savannah, Georgia, which occurred in March of eighteen

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Speaker 1: fifty nine, or look into the even larger mass auction

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Speaker 1: of enslaved people in Charleston, South Carolina. I mean, history

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Speaker 1: is always closer than we like to think it is

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Speaker 1: in the rear view mirror. Obviously, if you go to

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Speaker 1: the fancy auction houses today, they are not going to

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Speaker 1: be selling people. However, there are still rumors, and I

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Speaker 1: would argue proven instances of human beings being auctioned, sometimes

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Speaker 1: in sex trafficking cases, sometimes still in slavery cases, in

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Speaker 1: particularly in the Middle Middle Eastern sphere, parts of Eurasia

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Speaker 1: and on parts of the African continent. So this is

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Speaker 1: a dangerous thing. But to be clear, Sotha Bees and

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Speaker 1: Christie's the big fancy cravat wearing auction houses.

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Speaker 2: They have no truck with this no now. The oldest

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Speaker 2: auction house, however, was in Sweden and Stockholm was known

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Speaker 2: as the Auctions Vesque Auctions oxyon Zvek I believe love It,

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Speaker 2: which I think just kind of means auction works, and

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Speaker 2: it was founded around sixteen seventy four, I believe, and Sotherby's,

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Speaker 2: the world's second largest auction house currently started in around

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Speaker 2: seventeen forty I believe seventeen forty four, precisely. Christie's being

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Speaker 2: the number one largest auction house in the world was

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Speaker 2: founded in seventeen sixty six. So once again you have

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Speaker 2: an example of being first to market and a lot

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Speaker 2: of these legacy companies that kind of were had the

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Speaker 2: wherewithal in the resources to be the names in this

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Speaker 2: and to this day they're still the name because these

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Speaker 2: are some very tightly knit, very moneyed circles, and a

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Speaker 2: lot of the things that pass through these houses are

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Speaker 2: old and our legacy items. And there's just a good

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Speaker 2: example of you know, someone kind of like being the

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Speaker 2: first one to the table and they continue to be

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Speaker 2: the most powerful force in that world today.

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Speaker 1: Yeah, well said, let's dive into their history. So the

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Speaker 1: story of Christie starts with a guy named James Christie.

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Speaker 1: He's born, He's a Scot by birth. He is working

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Speaker 1: as an auctioneer in the United Kingdom and he founds

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Speaker 1: the Christie's auction House on December fifth, seventeen sixty six

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Speaker 1: in Old London. This starts as a studio to connect

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Speaker 1: really successful artist visual artists with very well moneyed aristocrats.

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Speaker 1: But it evolves past this into something bigger. There's what happens.

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Speaker 1: James Christine co. They handle a couple of prominent art auctions.

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Speaker 1: They sell things like Sir Robert Walpole's painting collections, They

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Speaker 1: sell them to Russians, they sell them to Catherine to

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Speaker 1: Great in seventeen seventy eight. And now all of a

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Speaker 1: sudden they have the eyes of the nobles upon them.

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Speaker 1: You know, at first you have my attention, Now you

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Speaker 1: have my interest.

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Speaker 3: Kind of thing, boy, do you ever?

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Speaker 2: And this was of course also like the earliest days

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Speaker 2: of kind of art as currency too in a way,

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Speaker 2: and as a very interesting form of kind of cultural exchange.

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Speaker 1: Right, that's a really good point. And this led to

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Speaker 1: the establishment of London as a major hub of the

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Speaker 1: international art trade. When the chaos of the French Revolution occurs,

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Speaker 1: a lot of aristocrats who don't want to lose their

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Speaker 1: heads are selling off assets left and right to give

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Speaker 1: themselves a new life in a different, less guillotine forward

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Speaker 1: environment exactly.

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Speaker 2: And following his father's death in eighteen oh three, James

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Speaker 2: Christi the second, who had a background in ancient Greek

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Speaker 2: and Italian art, he took over the business and pushed

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Speaker 2: it even more in that direction. It remained a private

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Speaker 2: company until nineteen seventy three when it went public and

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Speaker 2: then was bought by a French businessman and again massive

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Speaker 2: art collector named Francois Pinol in nineteen ninety nine, and

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Speaker 2: then backtracking a couple decades handful into the late fifties,

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Speaker 2: they moved out and branched out beyond London and had

439
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Speaker 2: kind of satellite locations in Rome and in Geneva, separated

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00:25:55,480 --> 00:25:57,920
Speaker 2: by about ten years, so fifty eight you had Rome,

441
00:25:58,160 --> 00:26:00,520
Speaker 2: Geneva in nineteen sixty eight and then and only a

442
00:26:00,600 --> 00:26:03,199
Speaker 2: year later for Tokyo. So those are kind of the

443
00:26:03,240 --> 00:26:06,239
Speaker 2: main hubs now at the time, and then now they

444
00:26:06,280 --> 00:26:09,360
Speaker 2: have little various kind of you know, outlets all over

445
00:26:09,400 --> 00:26:13,320
Speaker 2: the world, including Singapore, and of course in the United States.

446
00:26:13,440 --> 00:26:17,280
Speaker 1: And Singapore makes sense as does the United States, because

447
00:26:17,320 --> 00:26:24,080
Speaker 1: Singapore is already such a crossroads of all sorts of money, right,

448
00:26:24,240 --> 00:26:27,480
Speaker 1: all sorts of trade, some of it much of it legal.

449
00:26:27,800 --> 00:26:30,920
Speaker 2: And if I'm not mistaken, it's either Southeby's or Christie's.

450
00:26:30,960 --> 00:26:35,160
Speaker 2: You'll sometimes, even here in Atlanta see really fancy houses

451
00:26:35,400 --> 00:26:39,240
Speaker 2: or historical houses. I guess that the for sale sign

452
00:26:39,400 --> 00:26:42,800
Speaker 2: it's being handled by one of these auction houses. So

453
00:26:42,880 --> 00:26:45,120
Speaker 2: I don't know if that's a newer development, but maybe

454
00:26:45,119 --> 00:26:46,760
Speaker 2: they just have like a real estate wing.

455
00:26:47,119 --> 00:26:49,320
Speaker 4: I'm glad you said that, Noel, because I was sitting

456
00:26:49,359 --> 00:26:51,480
Speaker 4: over here, like I swear I've seen souther Bees on

457
00:26:51,600 --> 00:26:53,640
Speaker 4: like real estate signs. But I'm like, I must be going,

458
00:26:53,640 --> 00:26:54,200
Speaker 4: I must be going.

459
00:26:55,200 --> 00:26:57,600
Speaker 3: It's totally that logo. It's it's that you know, it's

460
00:26:57,680 --> 00:27:00,200
Speaker 3: that company. There's no question. I'm almost positive.

461
00:26:59,880 --> 00:27:01,680
Speaker 1: You what you guys are right. It may have been

462
00:27:01,720 --> 00:27:05,960
Speaker 1: licensed out. But also when you see a when you

463
00:27:06,000 --> 00:27:12,120
Speaker 1: see Southeby's handling a real estate sale, the implication is

464
00:27:12,520 --> 00:27:14,480
Speaker 1: that if you have to ask how much it is,

465
00:27:15,680 --> 00:27:18,120
Speaker 1: you can't afford it, and you can kind of tell

466
00:27:18,160 --> 00:27:19,600
Speaker 1: by the house. You know what I'm seeing. You know,

467
00:27:19,800 --> 00:27:22,960
Speaker 1: you don't see a Southeby's sign outside of a trailer park.

468
00:27:23,400 --> 00:27:24,800
Speaker 3: I'm just making sure it is.

469
00:27:24,880 --> 00:27:28,480
Speaker 2: It definitely is Southeby's Reality. It's it's connected, Yeah, it

470
00:27:28,560 --> 00:27:30,080
Speaker 2: sure is. It's the same logo.

471
00:27:30,119 --> 00:27:32,520
Speaker 3: Maybe license everything's like over five million.

472
00:27:32,680 --> 00:27:34,119
Speaker 1: There are a lot of There are a lot of

473
00:27:34,160 --> 00:27:38,120
Speaker 1: Southeby's homes for sale in my neighborhood, in my neck

474
00:27:38,160 --> 00:27:41,520
Speaker 1: of the woods, and I like to walk past them

475
00:27:42,240 --> 00:27:45,920
Speaker 1: during the day so that I don't get arrested for

476
00:27:47,040 --> 00:27:50,880
Speaker 1: being for being not an aristocrat looking at them. But yes, yeah,

477
00:27:51,160 --> 00:27:55,919
Speaker 1: they They also offer an interesting value proposition to the

478
00:27:56,040 --> 00:28:01,119
Speaker 1: property owner, right, which is someone will see the Southeby's logo,

479
00:28:01,520 --> 00:28:04,880
Speaker 1: you know the house is up for I would say,

480
00:28:05,119 --> 00:28:08,800
Speaker 1: not even sale, but more up for conversation, right, like

481
00:28:09,080 --> 00:28:13,439
Speaker 1: how much can you offer? And then blind box it

482
00:28:13,440 --> 00:28:16,240
Speaker 1: and only let people know whether the offer works if

483
00:28:16,240 --> 00:28:18,879
Speaker 1: they have been outbid. It's a very clever system.

484
00:28:19,160 --> 00:28:21,200
Speaker 2: Well, just to read a tiny little snippet from the

485
00:28:21,240 --> 00:28:23,240
Speaker 2: Southeby's Reality website, I think it speaks to all this.

486
00:28:23,720 --> 00:28:27,520
Speaker 2: Only one network of agents represents the longest standing taste

487
00:28:27,560 --> 00:28:30,480
Speaker 2: maker in the world. In the spirit of innovation, an

488
00:28:30,520 --> 00:28:35,360
Speaker 2: exceptional luxury real estate company bearing Southeby's name was launched

489
00:28:35,359 --> 00:28:38,800
Speaker 2: in nineteen seventy six, and if you go to the website,

490
00:28:39,160 --> 00:28:44,120
Speaker 2: it's like here's here's today's special Piedmont, California. Fourteen point

491
00:28:44,200 --> 00:28:48,560
Speaker 2: five million dollars for just the most ostentatious but also

492
00:28:48,640 --> 00:28:54,120
Speaker 2: tasteful or best. Oh bo for sure, so glad. I'm

493
00:28:54,160 --> 00:28:57,600
Speaker 2: thanks Max for China on license. I'm saying they must

494
00:28:57,600 --> 00:28:59,240
Speaker 2: have in seventy six.

495
00:28:59,760 --> 00:29:00,760
Speaker 3: I'm I'm digging around.

496
00:29:00,760 --> 00:29:03,520
Speaker 4: You can get actually like I had like under three

497
00:29:03,560 --> 00:29:04,880
Speaker 4: hundred thousand, and I'm like, oh wow.

498
00:29:04,720 --> 00:29:07,920
Speaker 1: That's not impossible because they again they licensed it out.

499
00:29:07,960 --> 00:29:10,240
Speaker 1: It's brand recognition, you know what I mean.

500
00:29:10,440 --> 00:29:12,720
Speaker 2: That is interesting to know that they and you know

501
00:29:12,840 --> 00:29:16,719
Speaker 2: you will find it's not like Southeby's and Christie's only

502
00:29:17,000 --> 00:29:20,040
Speaker 2: auctions things in the gazillions of dollars range. I mean,

503
00:29:20,240 --> 00:29:23,120
Speaker 2: there will be like memorabilia that sure get let go

504
00:29:23,280 --> 00:29:26,440
Speaker 2: for a reasonable amount depending on you know, what your

505
00:29:26,480 --> 00:29:29,239
Speaker 2: tastes are. And a lot of times it's less about them.

506
00:29:29,440 --> 00:29:31,280
Speaker 2: It's not less about the money, but it's just also

507
00:29:31,320 --> 00:29:35,240
Speaker 2: about the cultural cachet of that whole tastemaker aspect that

508
00:29:35,240 --> 00:29:35,720
Speaker 2: they're talking.

509
00:29:35,760 --> 00:29:38,760
Speaker 1: And I like that we're shifting to Southeby's because they

510
00:29:38,760 --> 00:29:42,160
Speaker 1: are also British and their provenance. But currently they are

511
00:29:42,200 --> 00:29:45,720
Speaker 1: headquartered in the Big Apple, which is what nerds call

512
00:29:45,840 --> 00:29:49,960
Speaker 1: New York City. So all right, So Southeby's has a

513
00:29:50,120 --> 00:29:52,840
Speaker 1: very different origin story. It's founded by a guy named

514
00:29:52,880 --> 00:29:58,440
Speaker 1: Samuel Baker, and Samuel is a publisher and a bookseller.

515
00:29:58,880 --> 00:30:02,280
Speaker 1: He founds this on March seventeen forty four because he

516
00:30:02,320 --> 00:30:04,480
Speaker 1: gets a crazy job. And I actually I wrote a

517
00:30:04,520 --> 00:30:06,600
Speaker 1: cool horror story about this, which I'll send you guys

518
00:30:06,640 --> 00:30:09,960
Speaker 1: if you're interested. But sure, so, okay, so this part

519
00:30:10,040 --> 00:30:12,719
Speaker 1: is true. This is not the horror story the you know,

520
00:30:12,960 --> 00:30:18,000
Speaker 1: auctionalities have some horrible past our buddy Sammy Bee is

521
00:30:18,160 --> 00:30:22,200
Speaker 1: given a weird job. He has to sell the library

522
00:30:22,360 --> 00:30:24,760
Speaker 1: of a guy named Sir John Stanley, who is the

523
00:30:24,760 --> 00:30:28,720
Speaker 1: first Baron Stanley of Alderly, which is very important in

524
00:30:28,800 --> 00:30:32,719
Speaker 1: places like Alderly. Anyway, you have to learn too much

525
00:30:32,760 --> 00:30:38,520
Speaker 1: about that name recognition. So Southeb's he goes back and

526
00:30:38,560 --> 00:30:43,600
Speaker 1: forth with a guy named George Lee and Southereb's becomes

527
00:30:43,760 --> 00:30:47,680
Speaker 1: the Southerebes we know today in seventeen seventy eight, because

528
00:30:47,720 --> 00:30:52,600
Speaker 1: Samuel Baker passes away and his business partner, George Lee

529
00:30:52,800 --> 00:30:59,000
Speaker 1: retains ownership, and then they also tap in Samuel Baker's nephew,

530
00:30:59,280 --> 00:31:02,680
Speaker 1: John Southern. This is where they start calling it Sotherby.

531
00:31:03,040 --> 00:31:06,080
Speaker 1: And at first they're just selling books, and they're very

532
00:31:06,080 --> 00:31:10,480
Speaker 1: famous for selling books of historical note and also books

533
00:31:10,560 --> 00:31:13,719
Speaker 1: that are kind of controversial in society. I'm talking like

534
00:31:13,760 --> 00:31:18,960
Speaker 1: occult works. I'm talking about stuff owned by Napoleon. They

535
00:31:19,000 --> 00:31:22,320
Speaker 1: were the true bibliophiles of their day.

536
00:31:22,840 --> 00:31:25,400
Speaker 3: That's right. They were experts.

537
00:31:25,440 --> 00:31:28,440
Speaker 2: This is absolutely was their background, and they knew how

538
00:31:28,480 --> 00:31:32,480
Speaker 2: to nose out very rare books and manuscripts. They were

539
00:31:32,480 --> 00:31:36,560
Speaker 2: often consulted Samuel Baker and George Lee, you know, before

540
00:31:36,680 --> 00:31:39,040
Speaker 2: some of these auctions would take place. So this led

541
00:31:39,040 --> 00:31:41,640
Speaker 2: to that reputation you're talking about ben in terms of

542
00:31:42,040 --> 00:31:46,080
Speaker 2: their knowledge around rare books and things from antiquity and

543
00:31:46,080 --> 00:31:50,360
Speaker 2: that sort of thing. But also they were experts on

544
00:31:50,840 --> 00:31:54,400
Speaker 2: the scholarly pursuits of art and art history.

545
00:31:54,760 --> 00:31:59,840
Speaker 1: And at this point it's not all money laundry. I've

546
00:31:59,880 --> 00:32:01,400
Speaker 1: just walking down the street for that one.

547
00:32:01,520 --> 00:32:04,440
Speaker 3: I know, yeah, that's right outside the door. Yes.

548
00:32:05,160 --> 00:32:07,400
Speaker 2: Peter Wilson is a guy who is the chairman of

549
00:32:07,400 --> 00:32:11,000
Speaker 2: southby'st from nineteen fifty eight to nineteen eighty. He also

550
00:32:11,440 --> 00:32:15,560
Speaker 2: was a huge force in the houses relationship with art

551
00:32:16,240 --> 00:32:19,240
Speaker 2: and that art as currency kind of vibe. And this

552
00:32:19,520 --> 00:32:24,600
Speaker 2: definitely became a global interest, right because to your point, Ben,

553
00:32:24,840 --> 00:32:27,160
Speaker 2: I mean, it's not all money laundering, but it's certainly

554
00:32:27,240 --> 00:32:31,120
Speaker 2: an interesting way to hide liquid assets.

555
00:32:31,840 --> 00:32:33,560
Speaker 3: In the title work of art.

556
00:32:33,480 --> 00:32:36,920
Speaker 1: That's the title for this episode, auction Houses. It's not

557
00:32:37,160 --> 00:32:42,000
Speaker 1: all money laundry, not all of it, all right, We're

558
00:32:42,000 --> 00:32:43,640
Speaker 1: just gonna leave that there, Max.

559
00:32:43,560 --> 00:32:45,480
Speaker 3: I think we should whatever sound you you wish.

560
00:32:45,840 --> 00:32:49,520
Speaker 2: Then we have things like World War Two that really

561
00:32:49,560 --> 00:32:52,360
Speaker 2: shake things up, much like the French Revolution did in

562
00:32:52,440 --> 00:32:56,720
Speaker 2: terms of kind of you know, causing some very culturally

563
00:32:56,760 --> 00:33:00,440
Speaker 2: important works to change hands, and all of that was

564
00:33:00,480 --> 00:33:03,840
Speaker 2: assisted by these legacy auction house.

565
00:33:03,720 --> 00:33:05,280
Speaker 3: And let me point this out too.

566
00:33:05,280 --> 00:33:07,760
Speaker 1: I know it's something on all three of our minds

567
00:33:07,800 --> 00:33:10,600
Speaker 1: as well as many of us listening today, to be

568
00:33:10,880 --> 00:33:15,719
Speaker 1: very clear, in the wake of World War two, to

569
00:33:15,800 --> 00:33:17,640
Speaker 1: a lesser degree in the wake of World War One,

570
00:33:17,640 --> 00:33:22,120
Speaker 1: but in World War Two. Specifically, a lot of that

571
00:33:22,280 --> 00:33:29,080
Speaker 1: stuff was stolen from victims of aggression, victims of things

572
00:33:29,240 --> 00:33:33,840
Speaker 1: like the Holocaust, and stolen artwork from World War Two

573
00:33:34,480 --> 00:33:38,360
Speaker 1: remains an issue of international concern in the modern day.

574
00:33:38,800 --> 00:33:41,600
Speaker 2: Well, and we know that these companies now are very

575
00:33:41,720 --> 00:33:45,640
Speaker 2: much modern companies with pr teams and folks that are

576
00:33:45,680 --> 00:33:48,240
Speaker 2: making sure that they don't get a bad rap for

577
00:33:48,440 --> 00:33:51,520
Speaker 2: doing that kind of thing, So there is optics around it.

578
00:33:51,720 --> 00:33:54,280
Speaker 2: But we do know that that's where a lot of

579
00:33:54,280 --> 00:33:58,120
Speaker 2: this stuff came from, was the unfair redistribution of wealth

580
00:33:58,760 --> 00:34:03,400
Speaker 2: gained from the pillaging of other cultures and individuals who

581
00:34:03,400 --> 00:34:05,800
Speaker 2: did not have the ability to defend themselves.

582
00:34:05,880 --> 00:34:07,800
Speaker 1: I like the way you're putting it there, Nola, because

583
00:34:07,800 --> 00:34:11,000
Speaker 1: we also know, if we go to Benedetta Ricci writing

584
00:34:11,040 --> 00:34:15,400
Speaker 1: for Artland magazine, we also know that as global trade

585
00:34:15,520 --> 00:34:20,040
Speaker 1: networks increased, there was a lot of plunder from Indigenous

586
00:34:20,080 --> 00:34:26,839
Speaker 1: African Asian, South American Native American First nation countries. All

587
00:34:26,880 --> 00:34:30,759
Speaker 1: this stuff got a lot of it got stolen, auctioned off,

588
00:34:30,920 --> 00:34:35,360
Speaker 1: or excavated, whatever you want to call it. And after

589
00:34:36,480 --> 00:34:40,719
Speaker 1: the Civil War we also see an arms race amongst

590
00:34:40,760 --> 00:34:43,760
Speaker 1: the halves to get the coolest collection.

591
00:34:44,040 --> 00:34:44,640
Speaker 3: We see the.

592
00:34:44,800 --> 00:34:48,280
Speaker 1: Emergence or I would say, dare I say the demo

593
00:34:48,719 --> 00:34:53,920
Speaker 1: democratization amid the wealthy, the mercantile class of art collection

594
00:34:54,160 --> 00:35:00,400
Speaker 1: as creative act or pursuit. So the business tycoons United

595
00:35:00,400 --> 00:35:05,120
Speaker 1: States are saying, Hey, European aristocrats, you're not such a

596
00:35:05,120 --> 00:35:08,440
Speaker 1: big deal. I can beat me here, Max, I can

597
00:35:08,480 --> 00:35:13,359
Speaker 1: buy shit too, And so they start racing, thank you, sir.

598
00:35:13,600 --> 00:35:16,920
Speaker 1: They start racing for the highest bids on all these things.

599
00:35:17,000 --> 00:35:23,160
Speaker 1: And like several other several other characters that we've explored

600
00:35:23,320 --> 00:35:27,000
Speaker 1: of late, they did not know the Great Depression was

601
00:35:27,160 --> 00:35:28,920
Speaker 1: coming and they.

602
00:35:28,440 --> 00:35:31,359
Speaker 2: Will never see it coming. It's the Spanish acquisition. It's

603
00:35:31,560 --> 00:35:34,480
Speaker 2: there were signs though, let's be fair, there were clear.

604
00:35:34,360 --> 00:35:36,840
Speaker 1: Signs and uh, and we see them with the benefit

605
00:35:36,880 --> 00:35:40,280
Speaker 1: of retrospect. But then that alu goes to the slam

606
00:35:40,400 --> 00:35:44,080
Speaker 1: dunk of World War two and it makes a huge

607
00:35:44,440 --> 00:35:48,520
Speaker 1: impact on what we'll call the global art market.

608
00:35:48,680 --> 00:35:50,439
Speaker 3: Now, we have to be clear.

609
00:35:50,600 --> 00:35:53,279
Speaker 1: We've been talking about the West a lot, because that is,

610
00:35:54,280 --> 00:35:57,239
Speaker 1: you know, the Mediterranean, the Middle East, that's kind of

611
00:35:57,239 --> 00:36:01,440
Speaker 1: the origin point of what we recognize as auction houses today.

612
00:36:01,920 --> 00:36:06,160
Speaker 1: But there were other countries obviously in play. You know,

613
00:36:06,200 --> 00:36:09,480
Speaker 1: in the wake of World War Two, China, Japan, Korea,

614
00:36:09,920 --> 00:36:14,880
Speaker 1: they start to have their own local autonomous art markets.

615
00:36:15,280 --> 00:36:20,120
Speaker 1: The European art market is still really slow to recover

616
00:36:20,560 --> 00:36:26,560
Speaker 1: because you know, Europe was absolutely wrecked and rocked by

617
00:36:26,600 --> 00:36:29,560
Speaker 1: World War two, and that's you know, the fact that

618
00:36:29,640 --> 00:36:34,319
Speaker 1: European industrial and financial bases were destroyed is a big

619
00:36:34,520 --> 00:36:38,040
Speaker 1: reason why the United States is in its current position.

620
00:36:38,360 --> 00:36:40,720
Speaker 2: Well, you can argue that, like Southeby's, you know, and

621
00:36:40,800 --> 00:36:42,719
Speaker 2: we talked too about in the early days in the

622
00:36:42,840 --> 00:36:46,719
Speaker 2: Roman time, there was like a marketing angle to these auctions.

623
00:36:46,760 --> 00:36:49,239
Speaker 2: So with Southeby's they obviously took that more in the

624
00:36:49,239 --> 00:36:51,480
Speaker 2: modern time. And so you could argue that through their

625
00:36:51,560 --> 00:36:54,680
Speaker 2: marketing efforts and the types of buyers they could attract,

626
00:36:55,400 --> 00:37:01,000
Speaker 2: they were largely responsible for creating the kind of movement

627
00:37:01,120 --> 00:37:03,640
Speaker 2: in the market of like how much these things are

628
00:37:03,680 --> 00:37:07,200
Speaker 2: worth and like driving the prices up, you know, and

629
00:37:07,239 --> 00:37:11,080
Speaker 2: creating that like art as economy of scale in its

630
00:37:11,080 --> 00:37:13,319
Speaker 2: own right, you know, I mean there were not that

631
00:37:13,400 --> 00:37:16,399
Speaker 2: many players. It was really like again these like old

632
00:37:16,440 --> 00:37:18,960
Speaker 2: timey legacy auction houses.

633
00:37:19,120 --> 00:37:21,799
Speaker 1: Yeah, and they are very clever about it. I love

634
00:37:21,880 --> 00:37:24,960
Speaker 1: you're bringing up this point because what they did is

635
00:37:25,040 --> 00:37:31,160
Speaker 1: they transformed the idea of an auction from uh, stuffy,

636
00:37:31,320 --> 00:37:34,320
Speaker 1: from stuffy your granddad would want to go to to

637
00:37:34,520 --> 00:37:36,880
Speaker 1: Now it's a C and B seen thing, you know

638
00:37:36,880 --> 00:37:39,000
Speaker 1: what I mean. Now it's going. Now, it's going like

639
00:37:39,080 --> 00:37:42,440
Speaker 1: going to the coolest restaurant in Los Angeles or Rome,

640
00:37:42,640 --> 00:37:42,920
Speaker 1: you know.

641
00:37:43,360 --> 00:37:47,720
Speaker 2: Celebrity Vegas. You know seen it, like the high Rollers table.

642
00:37:48,080 --> 00:37:50,759
Speaker 2: You know, it's like it really is as optics thing,

643
00:37:50,880 --> 00:37:51,959
Speaker 2: even just for being there.

644
00:37:52,040 --> 00:37:54,680
Speaker 1: I didn't buy anything, but I sat next to Carrot

645
00:37:54,760 --> 00:37:56,920
Speaker 1: Top and George Clooney was in the building.

646
00:37:57,200 --> 00:37:58,840
Speaker 3: That guy really loves human skulls.

647
00:37:58,880 --> 00:38:01,279
Speaker 1: It's his main thing, always saying that.

648
00:38:03,120 --> 00:38:05,200
Speaker 3: Sorry, if Keratop.

649
00:38:04,840 --> 00:38:07,160
Speaker 1: Is actually really it seems to be really cool, dude,

650
00:38:07,160 --> 00:38:07,839
Speaker 1: we haven't met him.

651
00:38:07,920 --> 00:38:17,120
Speaker 3: Yeah, no, it's.

652
00:38:15,880 --> 00:38:20,759
Speaker 1: So now there is a social competition, right. There is

653
00:38:20,800 --> 00:38:24,439
Speaker 1: a rhythm to the auction chant that we mentioned, right,

654
00:38:24,520 --> 00:38:27,919
Speaker 1: the uh do I hear forty forty five? Going? Once?

655
00:38:27,960 --> 00:38:28,120
Speaker 2: Going?

656
00:38:28,200 --> 00:38:29,320
Speaker 1: Do I hear fifty to fifty?

657
00:38:29,360 --> 00:38:29,400
Speaker 2: What?

658
00:38:29,680 --> 00:38:34,480
Speaker 1: You know what I mean? Go on? Yeah, mom spaghetti? Right,

659
00:38:34,560 --> 00:38:40,640
Speaker 1: And so the auction room. The auction room also benefits

660
00:38:40,680 --> 00:38:44,960
Speaker 1: from Sotha Bees again because they're very market forward. They

661
00:38:45,920 --> 00:38:52,000
Speaker 1: they do adopt communication strategies aggressively. And this is one

662
00:38:52,040 --> 00:38:55,680
Speaker 1: of the first places where you could have, right, you

663
00:38:55,760 --> 00:39:00,839
Speaker 1: could have an anonymous emperor or a chikh orme ever, right,

664
00:39:01,719 --> 00:39:05,000
Speaker 1: you could have them just bid through a proxy over

665
00:39:05,040 --> 00:39:07,400
Speaker 1: telephone and then later over satellite, you know.

666
00:39:07,719 --> 00:39:11,600
Speaker 2: And that's when you start to see, uh, the kind

667
00:39:11,600 --> 00:39:17,160
Speaker 2: of posthumous celebrity artists, right like that really started getting

668
00:39:17,200 --> 00:39:20,359
Speaker 2: known because of not because of how beautiful they are

669
00:39:20,960 --> 00:39:26,319
Speaker 2: these pieces, but for how sickeningly valuable they are.

670
00:39:24,800 --> 00:39:27,200
Speaker 3: And they're great.

671
00:39:27,280 --> 00:39:30,640
Speaker 2: Everybody loves a Monet or a Vngal or a Picasso,

672
00:39:30,800 --> 00:39:33,640
Speaker 2: you know. And then in more modern times you start

673
00:39:33,680 --> 00:39:36,520
Speaker 2: to see this stuff happening around, folks like Andy Warhol

674
00:39:36,560 --> 00:39:41,120
Speaker 2: and Jackson Pollock setting these insane prices as things became

675
00:39:41,239 --> 00:39:45,040
Speaker 2: kind of this new trendy New York elite, you know,

676
00:39:45,160 --> 00:39:48,759
Speaker 2: creating these stars, even folks like Jean Michel Basquiat, you

677
00:39:48,760 --> 00:39:50,880
Speaker 2: know who. You know, if you go to modern art

678
00:39:50,960 --> 00:39:54,239
Speaker 2: museums or even just art museums, you're gonna see some

679
00:39:54,320 --> 00:39:59,200
Speaker 2: of these these newer names next to the wings that

680
00:39:59,239 --> 00:40:01,880
Speaker 2: contain all of the old masters and classics.

681
00:40:01,960 --> 00:40:05,560
Speaker 1: Right, yeah, one hundred percent, you know. And in step

682
00:40:05,640 --> 00:40:06,240
Speaker 1: with this.

683
00:40:06,320 --> 00:40:09,440
Speaker 3: We see the.

684
00:40:08,360 --> 00:40:14,000
Speaker 1: Historical auction houses kind of reinterpreting or reframing themselves as

685
00:40:14,360 --> 00:40:19,400
Speaker 1: luxury good companies, you know, and they start shaping the market,

686
00:40:19,600 --> 00:40:23,640
Speaker 1: the auction market do. In reaction to broader economic trends,

687
00:40:24,120 --> 00:40:29,200
Speaker 1: investors start looking at looking at art as not just

688
00:40:29,239 --> 00:40:33,120
Speaker 1: a social flex but a legit investment. Right, if I

689
00:40:33,400 --> 00:40:38,560
Speaker 1: pay X amount of million dollars for a you know,

690
00:40:38,680 --> 00:40:41,720
Speaker 1: for like a dollar or something, then I can later

691
00:40:42,719 --> 00:40:46,960
Speaker 1: sell that or flip that, possibly for double the price.

692
00:40:47,000 --> 00:40:50,560
Speaker 1: Because what we're doing then, since there is no real

693
00:40:50,800 --> 00:40:54,439
Speaker 1: objective way to say one piece of art is better

694
00:40:54,600 --> 00:40:59,560
Speaker 1: worse than another, we are establishing precedent with every purchase.

695
00:41:00,239 --> 00:41:02,640
Speaker 2: What's it worth? What's someone willing to pay for it?

696
00:41:02,760 --> 00:41:02,920
Speaker 1: Right?

697
00:41:02,920 --> 00:41:06,960
Speaker 2: And we know this can manifest itself in hilarious and

698
00:41:07,040 --> 00:41:10,480
Speaker 2: alarmingly disgusting displays of wealth, like in terms of like

699
00:41:10,960 --> 00:41:13,719
Speaker 2: art basal type things, and like the banana taped to

700
00:41:13,800 --> 00:41:15,239
Speaker 2: a wall that like sold for.

701
00:41:15,280 --> 00:41:16,840
Speaker 3: Like a million bucks or whatever.

702
00:41:16,920 --> 00:41:19,680
Speaker 2: You know, it's about the flex of it all, you

703
00:41:19,719 --> 00:41:23,520
Speaker 2: know about Yeah I bought I bought that. I think

704
00:41:23,560 --> 00:41:26,719
Speaker 2: it's brilliant outwardly, but maybe you know, it's sort of

705
00:41:26,760 --> 00:41:29,840
Speaker 2: like it's more about the investment of it for a

706
00:41:29,880 --> 00:41:32,080
Speaker 2: lot of these folks than it is about the You

707
00:41:32,080 --> 00:41:34,000
Speaker 2: know what, how does it make me.

708
00:41:33,920 --> 00:41:36,920
Speaker 3: Feel the money makes me feel rich. It's kind of

709
00:41:36,960 --> 00:41:37,839
Speaker 3: the thing.

710
00:41:38,000 --> 00:41:43,240
Speaker 4: Yeah, yeah, yeah, exactly exactly. I couldn't wrap my head around,

711
00:41:43,280 --> 00:41:46,400
Speaker 4: like why would you want to own this? Like this

712
00:41:46,560 --> 00:41:49,600
Speaker 4: gift is really famous, and it's like I still am

713
00:41:49,640 --> 00:41:51,160
Speaker 4: not getting it to that point.

714
00:41:51,280 --> 00:41:56,320
Speaker 1: You know, some some of the most notable art investors,

715
00:41:56,920 --> 00:41:59,879
Speaker 1: I'll be uh courteous and describe you them as such,

716
00:42:00,680 --> 00:42:04,319
Speaker 1: may never actually see the pieces they own, and when

717
00:42:04,320 --> 00:42:07,120
Speaker 1: they sell stockpiled they sell them to someone else who

718
00:42:07,200 --> 00:42:11,719
Speaker 1: never sees it. The painting or sculpture whatever itself, never

719
00:42:11,880 --> 00:42:14,160
Speaker 1: moves from the freeport in which it's held.

720
00:42:14,960 --> 00:42:17,080
Speaker 3: Shout out to several.

721
00:42:17,400 --> 00:42:20,000
Speaker 1: Several sketchy people who are friends, who are friends.

722
00:42:20,040 --> 00:42:21,440
Speaker 3: I get it. It's a good business.

723
00:42:21,760 --> 00:42:23,600
Speaker 2: I think we talked off air about the idea of

724
00:42:23,640 --> 00:42:26,000
Speaker 2: doing an episode on freeport, and it's not something that

725
00:42:26,040 --> 00:42:28,920
Speaker 2: I am intimately familiar with at all. And I know

726
00:42:28,960 --> 00:42:30,400
Speaker 2: there's a lot of stuff they don't want you to

727
00:42:30,440 --> 00:42:32,759
Speaker 2: know about that topic too, So you might see a

728
00:42:32,840 --> 00:42:34,920
Speaker 2: version of that topic on both of the shows.

729
00:42:34,920 --> 00:42:37,080
Speaker 1: Who knows, because we do these pretty often.

730
00:42:37,600 --> 00:42:38,600
Speaker 3: Oh yeah we do.

731
00:42:39,400 --> 00:42:43,360
Speaker 2: But yeah, you know, it really did become this luxury

732
00:42:43,719 --> 00:42:47,040
Speaker 2: kind of brand. Again, now that you see what it

733
00:42:47,080 --> 00:42:51,160
Speaker 2: means when someone has that Sotheby's logo on their home listing,

734
00:42:51,520 --> 00:42:55,040
Speaker 2: your mind immediately adds a couple of cachet points to,

735
00:42:55,320 --> 00:42:58,960
Speaker 2: you know, whatever the luxury aspect of this property might be.

736
00:42:59,080 --> 00:43:03,759
Speaker 1: Yeah, and arguably that's because we the Americans, still have

737
00:43:03,920 --> 00:43:08,359
Speaker 1: a subconscious bias toward British things, you know what I mean?

738
00:43:08,800 --> 00:43:09,719
Speaker 3: Like, that's a good point.

739
00:43:09,800 --> 00:43:13,359
Speaker 1: It's true, it's kind of true. And so with this

740
00:43:13,719 --> 00:43:17,000
Speaker 1: we see the ancient past, the present, and indeed the

741
00:43:17,080 --> 00:43:20,480
Speaker 1: continuing future of auction houses, which will not go away.

742
00:43:20,520 --> 00:43:25,200
Speaker 1: They will continue to evolve. To date, as we record

743
00:43:25,360 --> 00:43:30,440
Speaker 1: on May second, Thursday, the most expensive item sold at

744
00:43:30,520 --> 00:43:35,360
Speaker 1: any auction is Salvador Monday by Leonardo da Vinci. It

745
00:43:35,640 --> 00:43:40,279
Speaker 1: was four hundred and fifty point three million dollars in

746
00:43:40,440 --> 00:43:45,000
Speaker 1: twenty seventeen, a record that would surely be broken. No,

747
00:43:45,320 --> 00:43:46,600
Speaker 1: maybe we end by.

748
00:43:47,000 --> 00:43:48,920
Speaker 2: I was just trying to see what that piece was

749
00:43:49,600 --> 00:43:53,000
Speaker 2: Salvador money. Oh gosh, it's not even that famous. It's

750
00:43:53,480 --> 00:43:56,640
Speaker 2: Mona Lisa esque looking, but it's Jesus and he's just

751
00:43:56,680 --> 00:43:59,800
Speaker 2: holding up it. I don't even know this painting. Frankly,

752
00:44:00,160 --> 00:44:01,160
Speaker 2: that's fascinating.

753
00:44:01,320 --> 00:44:06,160
Speaker 1: Well, all we need is four hundred and fifty point

754
00:44:06,280 --> 00:44:11,440
Speaker 1: three million and one dollar prices, right, you know what

755
00:44:11,480 --> 00:44:11,759
Speaker 1: I mean?

756
00:44:12,120 --> 00:44:14,000
Speaker 2: You know, we talked a little bit about this off air,

757
00:44:14,200 --> 00:44:18,200
Speaker 2: just about how obviously for museums, you know, there's a

758
00:44:18,280 --> 00:44:22,040
Speaker 2: budget and stuff, but museums aren't out of their operating

759
00:44:22,080 --> 00:44:25,440
Speaker 2: costs shelling out these millions and millions of dollars. A

760
00:44:25,440 --> 00:44:27,600
Speaker 2: lot of their wings, like you know, the Tate Modern

761
00:44:27,719 --> 00:44:31,160
Speaker 2: or the MoMA in New York or whatever. They are

762
00:44:31,280 --> 00:44:35,399
Speaker 2: named after very wealthy benefactors who donate stuff to them

763
00:44:35,440 --> 00:44:38,160
Speaker 2: that they buy at auction and that you know, with

764
00:44:38,400 --> 00:44:41,120
Speaker 2: art where there isn't a problematic how did they get this?

765
00:44:41,280 --> 00:44:43,479
Speaker 2: You know, with modern art especially, it is more about

766
00:44:43,520 --> 00:44:47,560
Speaker 2: who was there, who was hipped to this stuff early

767
00:44:47,640 --> 00:44:51,520
Speaker 2: on early, you know, and became the tastemakers. David Geffen,

768
00:44:51,600 --> 00:44:54,480
Speaker 2: for example, like has a really cool wing at the MoMA.

769
00:44:55,280 --> 00:44:57,160
Speaker 2: That's the person that was very interested is a very

770
00:44:57,200 --> 00:44:59,759
Speaker 2: problematic business person, as a lot of these folks are

771
00:45:00,040 --> 00:45:04,200
Speaker 2: I think there's still a wing of the Harvard Art

772
00:45:04,320 --> 00:45:07,680
Speaker 2: Museum named after the Sackler family, which I think is

773
00:45:07,719 --> 00:45:11,560
Speaker 2: a little tout touch off touch, But it's not the

774
00:45:11,640 --> 00:45:15,680
Speaker 2: same as the provenance of antiquity and artifacts and all

775
00:45:15,719 --> 00:45:17,440
Speaker 2: of this stuff. Like a lot of that stuff does

776
00:45:17,560 --> 00:45:20,719
Speaker 2: go for auction, but in general it's more about being

777
00:45:20,800 --> 00:45:23,560
Speaker 2: donated or on loan from right.

778
00:45:23,440 --> 00:45:25,359
Speaker 3: And that's how we're able to see a lot of these.

779
00:45:25,600 --> 00:45:26,880
Speaker 2: Then there's going to be things that we're never going

780
00:45:26,960 --> 00:45:28,560
Speaker 2: to be able to see, or it might go on

781
00:45:28,640 --> 00:45:31,440
Speaker 2: tour from a private collection and then get you know,

782
00:45:31,719 --> 00:45:34,120
Speaker 2: housed back up in that warehouse or whatever.

783
00:45:34,160 --> 00:45:38,399
Speaker 1: And the government of China still technically owns all the pandas.

784
00:45:38,760 --> 00:45:39,840
Speaker 3: They are all on loan.

785
00:45:40,440 --> 00:45:43,480
Speaker 1: Yeah, and museums have had a great reckoning or what

786
00:45:43,600 --> 00:45:45,759
Speaker 1: some in the southern US would call it come to

787
00:45:45,840 --> 00:45:49,319
Speaker 1: Jesus moment about the providence of their exhibitions. I do

788
00:45:49,440 --> 00:45:51,640
Speaker 1: want to say before we get to a fun little

789
00:45:51,680 --> 00:45:55,520
Speaker 1: cavalcade of weird things auctioned. It was a mystery for

790
00:45:55,560 --> 00:45:59,160
Speaker 1: a long time the person who made the world's largest

791
00:45:59,200 --> 00:46:02,560
Speaker 1: single art auction purchase. It's mystery for a long time,

792
00:46:02,640 --> 00:46:06,120
Speaker 1: and it took the work of the US intelligence community

793
00:46:06,400 --> 00:46:10,640
Speaker 1: to figure out who bought this. It was the Crown

794
00:46:10,760 --> 00:46:17,080
Speaker 1: Prince of Saudi Arabia, Mohammed Ben Solomon. He won this

795
00:46:17,160 --> 00:46:20,919
Speaker 1: auction in twenty seventeen and was kept super secret, and

796
00:46:21,040 --> 00:46:24,720
Speaker 1: I am one hundred percent convinced to his money laundering. Okay,

797
00:46:25,040 --> 00:46:27,400
Speaker 1: you heard it here, folks, because like you said, is

798
00:46:27,440 --> 00:46:28,719
Speaker 1: that painting that impressive?

799
00:46:28,840 --> 00:46:29,240
Speaker 3: Dude?

800
00:46:29,520 --> 00:46:32,920
Speaker 2: No, I mean it's a Da Vinci, I guess, but no,

801
00:46:33,160 --> 00:46:35,399
Speaker 2: that's a lot. That's insane. I think that's the thing too.

802
00:46:35,440 --> 00:46:40,719
Speaker 2: It's like a small painting. When UH invested in, it's

803
00:46:40,760 --> 00:46:44,040
Speaker 2: almost like a monetary dark matter, you know what I mean.

804
00:46:44,160 --> 00:46:46,560
Speaker 3: Like it's just so dense.

805
00:46:46,360 --> 00:46:49,480
Speaker 2: With value, and you know, and you can store it,

806
00:46:49,640 --> 00:46:52,640
Speaker 2: you know, in a in a very secure location and

807
00:46:52,719 --> 00:46:55,359
Speaker 2: it holds the value, right, but you don't actually have

808
00:46:55,440 --> 00:46:56,320
Speaker 2: to have the money.

809
00:46:56,640 --> 00:46:59,239
Speaker 1: And also, maybe I'm being unfair you guys calling it

810
00:46:59,680 --> 00:47:05,439
Speaker 1: money laundring because they are opening a loove franchise in

811
00:47:05,560 --> 00:47:08,320
Speaker 1: the United Arab Emirates. So maybe it's part of the

812
00:47:08,360 --> 00:47:12,919
Speaker 1: soft power of diplomacy and culture becoming international.

813
00:47:13,000 --> 00:47:17,920
Speaker 2: But that's we can certainly call it money like transaction obscuring.

814
00:47:18,440 --> 00:47:20,319
Speaker 3: Oh yeah, thank you.

815
00:47:20,360 --> 00:47:21,959
Speaker 1: That's a good way to say it, nol And maybe

816
00:47:22,000 --> 00:47:24,640
Speaker 1: that's a maybe that's an episode for stuff they want

817
00:47:24,719 --> 00:47:26,719
Speaker 1: you to know. But we were thinking with thanks to

818
00:47:26,760 --> 00:47:30,080
Speaker 1: our research associate with mister Max Williams, we might end

819
00:47:30,120 --> 00:47:33,520
Speaker 1: today's episode by giving you some of.

820
00:47:33,280 --> 00:47:33,919
Speaker 3: The uh.

821
00:47:35,600 --> 00:47:41,279
Speaker 1: Weirdly hot, the weirdest, highly priced items sold at auctions.

822
00:47:41,320 --> 00:47:45,640
Speaker 1: And this isn't even counting. This is a small list.

823
00:47:45,960 --> 00:47:50,640
Speaker 1: There's a lot of weird stuff, especially historical figures, memorabilia

824
00:47:50,800 --> 00:47:53,759
Speaker 1: or celebrity memorabilia. A lot of that stuff sells for

825
00:47:53,840 --> 00:47:58,239
Speaker 1: crazy prices. One that doesn't surprise me they're any comic fan.

826
00:47:58,680 --> 00:48:02,000
Speaker 1: The first Superman cop make was sold for three point

827
00:48:02,000 --> 00:48:03,360
Speaker 1: two million dollars.

828
00:48:03,640 --> 00:48:06,960
Speaker 2: Yeah, and shout out to Great Expectations Auction and Estate

829
00:48:07,040 --> 00:48:10,920
Speaker 2: Services for this blog post about twenty one craziest items ever.

830
00:48:10,760 --> 00:48:11,480
Speaker 3: Sold at auction.

831
00:48:11,960 --> 00:48:16,400
Speaker 2: Uh yeah, that Action Comics is famously valuable. There are

832
00:48:16,440 --> 00:48:18,120
Speaker 2: a couple of items in the here and the Theoretically,

833
00:48:18,160 --> 00:48:20,960
Speaker 2: if we pooled our ducats, we could afford if what

834
00:48:21,000 --> 00:48:23,200
Speaker 2: we wanted was a sixty five year old slice of

835
00:48:23,480 --> 00:48:24,359
Speaker 2: royal wedding cake.

836
00:48:24,480 --> 00:48:26,879
Speaker 3: Yeah, we could also just Bill shatters canney Stone.

837
00:48:26,920 --> 00:48:29,840
Speaker 1: We could also just know I think he can just

838
00:48:30,120 --> 00:48:32,359
Speaker 1: jol Willie and ask him for some of his hair.

839
00:48:32,680 --> 00:48:34,920
Speaker 2: Well, it's less than a grand for the cake, you know,

840
00:48:34,960 --> 00:48:36,719
Speaker 2: the sixty five year old slice of Royal Weddy cake

841
00:48:36,760 --> 00:48:37,960
Speaker 2: nine undred and twenty five dollars.

842
00:48:38,160 --> 00:48:40,400
Speaker 3: Shatner's kidney stone. I don't know.

843
00:48:40,440 --> 00:48:42,480
Speaker 2: We really have to pool our resources and maybe bring

844
00:48:42,480 --> 00:48:44,400
Speaker 2: some other folks in on it. That's twenty five k.

845
00:48:45,840 --> 00:48:48,600
Speaker 2: We talked off air about what would someone want with William?

846
00:48:48,960 --> 00:48:51,560
Speaker 2: This is a real treky. But then that's what you

847
00:48:51,560 --> 00:48:53,640
Speaker 2: pointed out, Ben, and I think you're not wrong. But

848
00:48:53,680 --> 00:48:56,320
Speaker 2: then I to that, I ask, what is the value

849
00:48:56,320 --> 00:48:57,759
Speaker 2: of William Shatner's d to day?

850
00:48:57,760 --> 00:49:00,920
Speaker 3: Do we really we need thousand dollars? I would stop

851
00:49:00,960 --> 00:49:01,319
Speaker 3: at Max.

852
00:49:01,400 --> 00:49:03,880
Speaker 1: You know we also we also know I'm making the

853
00:49:03,920 --> 00:49:08,279
Speaker 1: Willie Nelson reference because for less than forty grand, we

854
00:49:08,360 --> 00:49:11,600
Speaker 1: can get Willie Nelson's braids, or again.

855
00:49:11,520 --> 00:49:16,440
Speaker 3: Willie braids, not brains. You'll just braid. Just we single

856
00:49:17,040 --> 00:49:18,840
Speaker 3: we can all know. I guess it was this. It

857
00:49:18,880 --> 00:49:19,759
Speaker 3: was the Duel braids.

858
00:49:19,840 --> 00:49:23,000
Speaker 1: Yeah, we could also just ask him, he seems chill.

859
00:49:23,680 --> 00:49:25,239
Speaker 1: Just get him on air and be like, hey man,

860
00:49:25,880 --> 00:49:27,600
Speaker 1: what's the going price on some of your hair.

861
00:49:28,360 --> 00:49:30,440
Speaker 3: He'll probably think he would give it willingly if he

862
00:49:30,520 --> 00:49:33,040
Speaker 3: was getting willingly. Yeah, yeah, jeez.

863
00:49:33,840 --> 00:49:36,920
Speaker 2: Roger Banister, who I'm guessing is a famous athlete.

864
00:49:36,960 --> 00:49:40,879
Speaker 3: I'm familiar with Roger He Yeah, that's right.

865
00:49:40,920 --> 00:49:44,680
Speaker 2: He did a four minute mile famously, and his running

866
00:49:44,719 --> 00:49:48,640
Speaker 2: shoes went for four hundred and eleven thousand, four hundred

867
00:49:48,680 --> 00:49:52,320
Speaker 2: and ninety three dollars. Surely we have some nerdier stuff

868
00:49:52,360 --> 00:49:54,880
Speaker 2: on this list that we can wrap our heads around, right.

869
00:49:54,800 --> 00:50:00,800
Speaker 1: Yeah, sure, hands Solos blaster gun. That prop was auction

870
00:50:01,040 --> 00:50:04,880
Speaker 1: for two hundred thousand dollars. You know. Also, just to

871
00:50:04,880 --> 00:50:07,040
Speaker 1: be clear, it doesn't shoot lasers.

872
00:50:08,520 --> 00:50:10,400
Speaker 2: Yeah, he this is the one where he'd be he

873
00:50:10,600 --> 00:50:12,920
Speaker 2: shot first at the gredo.

874
00:50:13,200 --> 00:50:13,839
Speaker 3: This is the one.

875
00:50:13,880 --> 00:50:15,680
Speaker 2: This is this is a murder weapon, or at least

876
00:50:15,680 --> 00:50:19,200
Speaker 2: you know in theory, you know, within the cannon. You know,

877
00:50:19,200 --> 00:50:22,040
Speaker 2: we said Star Trek, part of the spiral staircase of

878
00:50:22,080 --> 00:50:25,120
Speaker 2: the Eiffel Tower sold for ninety k at auction. And

879
00:50:25,280 --> 00:50:29,520
Speaker 2: if we're talking about bonkers, arn't money. You gotta talk

880
00:50:29,520 --> 00:50:32,480
Speaker 2: about mister Jeff Coons, you know, the guy that does

881
00:50:32,520 --> 00:50:33,800
Speaker 2: the big.

882
00:50:33,600 --> 00:50:35,520
Speaker 3: Balloon animal dog things.

883
00:50:37,040 --> 00:50:40,040
Speaker 2: Yeah, one of his pieces, it was an orange one

884
00:50:40,719 --> 00:50:44,600
Speaker 2: sold for a fifty eight point four million dollars.

885
00:50:44,600 --> 00:50:47,440
Speaker 3: How does that even happen? Think about how many kidney

886
00:50:47,520 --> 00:50:49,480
Speaker 3: stones can get with that money. Think about how a

887
00:50:49,480 --> 00:50:50,719
Speaker 3: whole thing up with kidney stone.

888
00:50:50,760 --> 00:50:54,600
Speaker 1: Think about how many systemic illnesses you could prevent with

889
00:50:54,719 --> 00:50:57,680
Speaker 1: that money. All right, I brought the mood down.

890
00:50:57,880 --> 00:51:01,120
Speaker 3: I brought these stones, right? Yeah?

891
00:51:01,200 --> 00:51:03,160
Speaker 2: Oh well, well, I guess the ones to take us

892
00:51:03,160 --> 00:51:06,759
Speaker 2: out with, guys is the one that took out of

893
00:51:07,120 --> 00:51:09,319
Speaker 2: all of the folks as the Titanic sank to it

894
00:51:09,600 --> 00:51:13,880
Speaker 2: to its doom. The violin that played as the Titanic

895
00:51:14,000 --> 00:51:16,560
Speaker 2: sank famously was auction.

896
00:51:16,440 --> 00:51:20,360
Speaker 3: For only one point seven mil. That seems reasonable. Was

897
00:51:20,360 --> 00:51:21,440
Speaker 3: it a really I wonder.

898
00:51:21,200 --> 00:51:23,239
Speaker 2: If it was like a really nice make too, like

899
00:51:23,320 --> 00:51:26,760
Speaker 2: you know oftentimes like Strata varius is and sure fancy

900
00:51:26,840 --> 00:51:28,480
Speaker 2: instruments w auction for a lot of.

901
00:51:30,680 --> 00:51:33,640
Speaker 3: Oh that's probably true, Max, What was I thinking? It was? Probably?

902
00:51:34,320 --> 00:51:34,480
Speaker 1: Well?

903
00:51:34,520 --> 00:51:35,640
Speaker 3: Holog does all hell?

904
00:51:35,880 --> 00:51:38,399
Speaker 1: Well, who are we to judge art and.

905
00:51:38,360 --> 00:51:42,160
Speaker 3: The clearly not authorities?

906
00:51:42,640 --> 00:51:45,480
Speaker 1: Oh we could be maybe we would start an auction,

907
00:51:45,719 --> 00:51:48,240
Speaker 1: but we're such softies. We would give all the stuff

908
00:51:48,239 --> 00:51:52,719
Speaker 1: away for free. Yeah, folks, we hope you enjoyed this exploration.

909
00:51:52,840 --> 00:51:55,840
Speaker 1: We've got more on the way, thanks as always to

910
00:51:56,040 --> 00:52:00,640
Speaker 1: super producer mister Max Williams. Thanks to Jonathan Strickland who

911
00:52:00,840 --> 00:52:03,680
Speaker 1: assured me earlier this morning he's having a great hair

912
00:52:03,800 --> 00:52:06,000
Speaker 1: day on the inside. I know.

913
00:52:06,120 --> 00:52:09,279
Speaker 2: We had a call this morning where there was a

914
00:52:09,280 --> 00:52:11,080
Speaker 2: bunch of different folks in the company and we were

915
00:52:11,080 --> 00:52:11,720
Speaker 2: talking about.

916
00:52:11,600 --> 00:52:14,279
Speaker 3: Various things and lovely group of people, and it came

917
00:52:14,360 --> 00:52:15,120
Speaker 3: up that certain of.

918
00:52:15,160 --> 00:52:17,400
Speaker 2: Us were having nice hair days, and it was pointed

919
00:52:17,400 --> 00:52:20,000
Speaker 2: out that Jonathan Strickland is always having a good hair

920
00:52:20,080 --> 00:52:22,400
Speaker 2: day and the point inside and the inside.

921
00:52:22,400 --> 00:52:25,759
Speaker 1: Thanks also to aj Bahamas, jacobs Ak the Puzzler.

922
00:52:25,920 --> 00:52:28,360
Speaker 3: He's Jeff. We're going to see him next week. I'm excited.

923
00:52:28,880 --> 00:52:32,759
Speaker 1: Christopher hasse otis h Let's see who else? Oh, Ben

924
00:52:32,800 --> 00:52:35,600
Speaker 1: Thompson Badass of the week.

925
00:52:34,800 --> 00:52:38,279
Speaker 3: It's right, yeah, And of course he's Jeff. Coach. Ris

926
00:52:38,320 --> 00:52:41,920
Speaker 3: frosciotis here in spirit. Let's thank you Alex who composed

927
00:52:41,960 --> 00:52:46,640
Speaker 3: our felling on twice. Yeah, we'll see you next time, folks.

928
00:52:53,440 --> 00:52:57,279
Speaker 2: For more podcasts from iHeartRadio, visit the iHeartRadio app, Apple Podcasts,

929
00:52:57,320 --> 00:52:59,480
Speaker 2: or wherever you listen to your favorite shows.