Matty Mo
๐ค PersonAppearances Over Time
Podcast Appearances
Yeah. If I was in a tier one city, I'd be doing that again, but, uh, I'm in a, not a tier one city anymore.
Exactly. Um, we'll go, we'll go with this art rentals business and we're going to do three art businesses. And then one that's kind of like, um, close to my heart, given the thing I'm doing out in Tucumcari, New Mexico. Um, so art rentals, there's this art dealer called Stefan Simkowitz, um,
Exactly. Um, we'll go, we'll go with this art rentals business and we're going to do three art businesses. And then one that's kind of like, um, close to my heart, given the thing I'm doing out in Tucumcari, New Mexico. Um, so art rentals, there's this art dealer called Stefan Simkowitz, um,
Exactly. Um, we'll go, we'll go with this art rentals business and we're going to do three art businesses. And then one that's kind of like, um, close to my heart, given the thing I'm doing out in Tucumcari, New Mexico. Um, so art rentals, there's this art dealer called Stefan Simkowitz, um,
who was referred to by the New York Times as the patron Satan for his art collecting practices and the way he views the art world. I think he's a genius. And he does a couple things. One is he goes to artists and says, hey, I'll pay for all of your production and your studio, and I'll pay you a living wage, but all the work you create, I get to own and sell.
who was referred to by the New York Times as the patron Satan for his art collecting practices and the way he views the art world. I think he's a genius. And he does a couple things. One is he goes to artists and says, hey, I'll pay for all of your production and your studio, and I'll pay you a living wage, but all the work you create, I get to own and sell.
who was referred to by the New York Times as the patron Satan for his art collecting practices and the way he views the art world. I think he's a genius. And he does a couple things. One is he goes to artists and says, hey, I'll pay for all of your production and your studio, and I'll pay you a living wage, but all the work you create, I get to own and sell.
And in some cases, you get a rev share on. And what that does is it enables him to amass a massive inventory of art at a relatively low cost per unit. It also allows him to control the supply of a particular artist's ove or production, which can influence prices down the line. And in some cases, if the artist blows up, you've got all this inventory that's super valuable.
And in some cases, you get a rev share on. And what that does is it enables him to amass a massive inventory of art at a relatively low cost per unit. It also allows him to control the supply of a particular artist's ove or production, which can influence prices down the line. And in some cases, if the artist blows up, you've got all this inventory that's super valuable.
And in some cases, you get a rev share on. And what that does is it enables him to amass a massive inventory of art at a relatively low cost per unit. It also allows him to control the supply of a particular artist's ove or production, which can influence prices down the line. And in some cases, if the artist blows up, you've got all this inventory that's super valuable.
And that's happened to him for a couple of times. This other thing that has happened is he's got this massive inventory of art and he was trying to think about what to do with it. And so he started to rent it out to interior decorators and tier one cities. Um, people that kind of like stage homes, like 10, 20, $50 million homes in LA put really good art up.
And that's happened to him for a couple of times. This other thing that has happened is he's got this massive inventory of art and he was trying to think about what to do with it. And so he started to rent it out to interior decorators and tier one cities. Um, people that kind of like stage homes, like 10, 20, $50 million homes in LA put really good art up.
And that's happened to him for a couple of times. This other thing that has happened is he's got this massive inventory of art and he was trying to think about what to do with it. And so he started to rent it out to interior decorators and tier one cities. Um, people that kind of like stage homes, like 10, 20, $50 million homes in LA put really good art up.
And oftentimes, uh, the house just gets bought with the art in it if it's well-placed. And so he liquidates his inventory. He's getting a rental fee and he's getting a services fee to transport the work from his warehouse and install it. Now that works really good for high-end art in tier one cities.
And oftentimes, uh, the house just gets bought with the art in it if it's well-placed. And so he liquidates his inventory. He's getting a rental fee and he's getting a services fee to transport the work from his warehouse and install it. Now that works really good for high-end art in tier one cities.
And oftentimes, uh, the house just gets bought with the art in it if it's well-placed. And so he liquidates his inventory. He's getting a rental fee and he's getting a services fee to transport the work from his warehouse and install it. Now that works really good for high-end art in tier one cities.
But the thinking is if you're in a small town or let's call it a tier two city, not a small town, and you can go network in with the art community, I'm willing to bet there's a lot of inventory just sitting around with nothing to do. Artists make work. They don't know how to sell it yet. Their demand hasn't caught up with their production. They're not at where they want to be just yet.
But the thinking is if you're in a small town or let's call it a tier two city, not a small town, and you can go network in with the art community, I'm willing to bet there's a lot of inventory just sitting around with nothing to do. Artists make work. They don't know how to sell it yet. Their demand hasn't caught up with their production. They're not at where they want to be just yet.
But the thinking is if you're in a small town or let's call it a tier two city, not a small town, and you can go network in with the art community, I'm willing to bet there's a lot of inventory just sitting around with nothing to do. Artists make work. They don't know how to sell it yet. Their demand hasn't caught up with their production. They're not at where they want to be just yet.
So you say it to them, let me consign this work, which effectively means let me take the art, place it, sell it, and take a percentage of the sale in order to do that work for you. And for many artists, that's awesome because they don't want to be sales agents.