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Michael Ovitz

πŸ‘€ Speaker
440 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Let's take MoMA because it's right here in town, down the street. And it's... phenomenal institution. I mean, it's a place I've been on the board for 35 years. I go there sometimes to just unwind, believe it or not. There were two places I went to in the last 40 years in New York City to unwind. One was MoMA.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Let's take MoMA because it's right here in town, down the street. And it's... phenomenal institution. I mean, it's a place I've been on the board for 35 years. I go there sometimes to just unwind, believe it or not. There were two places I went to in the last 40 years in New York City to unwind. One was MoMA.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

When I had an hour between meetings or even a half hour, I'd fly in there and just sit in one of the galleries and take in the just extraordinary stimuli of creativity and say to myself, you know, what were these people thinking? When did they do this? What influenced them? How did they come up with this idea? Why is it different?

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

When I had an hour between meetings or even a half hour, I'd fly in there and just sit in one of the galleries and take in the just extraordinary stimuli of creativity and say to myself, you know, what were these people thinking? When did they do this? What influenced them? How did they come up with this idea? Why is it different?

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Better than anything else in its genre, which when you look at MoMA, they have the best of the best, which is as an art collector, almost impossible to do. The second place I went was I had a very close friend in New York who I saw talk to three, four times a week named Roy Lichtenstein. And I used to go to his studio, which is where he lived, in Washington in the village.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Better than anything else in its genre, which when you look at MoMA, they have the best of the best, which is as an art collector, almost impossible to do. The second place I went was I had a very close friend in New York who I saw talk to three, four times a week named Roy Lichtenstein. And I used to go to his studio, which is where he lived, in Washington in the village.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And I'd walk in, his wife Dorothy would take my cell phone, and Roy would let me sit there and watch him paint. And we'd talk. And I wasn't allowed to do business. And it gave me a great sense of grounding, frankly. At MoMA, I was very lucky enough to be asked by David Rockefeller at a very young age to get involved in the museum.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And I'd walk in, his wife Dorothy would take my cell phone, and Roy would let me sit there and watch him paint. And we'd talk. And I wasn't allowed to do business. And it gave me a great sense of grounding, frankly. At MoMA, I was very lucky enough to be asked by David Rockefeller at a very young age to get involved in the museum.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

If you ask me why David did this, my guess is he wanted someone from the West Coast. He wanted someone that was involved in the media business, and he wanted to bring the mean age of the trustees down a bit and have someone with a culturally contemporary background

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

If you ask me why David did this, my guess is he wanted someone from the West Coast. He wanted someone that was involved in the media business, and he wanted to bring the mean age of the trustees down a bit and have someone with a culturally contemporary background

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

point of view that wasn't necessarily just fine art, but I was in a rather unique position in that I not only represented most of the major working directors in the business, filmmakers who made art, but a different kind, but I was an avid, rabid art collector. So it was a twofer, I think, for David. It was the best thing I ever did. And I was fortunate enough

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

point of view that wasn't necessarily just fine art, but I was in a rather unique position in that I not only represented most of the major working directors in the business, filmmakers who made art, but a different kind, but I was an avid, rabid art collector. So it was a twofer, I think, for David. It was the best thing I ever did. And I was fortunate enough

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

to be asked to be on the recruit committee for the new director. And this has got to be, this is over 30 years ago. And MoMA was always amazing, back to the days of Blanchette Rockefeller and all the wonderful women in New York that put the early collection together. As a matter of fact, there's a phenomenal book out right now that tells not just the history of MoMA, but explainsβ€”

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

to be asked to be on the recruit committee for the new director. And this has got to be, this is over 30 years ago. And MoMA was always amazing, back to the days of Blanchette Rockefeller and all the wonderful women in New York that put the early collection together. As a matter of fact, there's a phenomenal book out right now that tells not just the history of MoMA, but explainsβ€”

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

how European art was rejected in the United States and never made it here till the 40s. And remember, in the 1906, 7, 8, 9, 10, some of Picasso, Braque, Clay, some of the greatest work being done was done in that time frame, completely rejected by the United States. Crazy. And at MoMA, they started collecting at Adelaide. So MoMA always has been on the cutting edge.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

how European art was rejected in the United States and never made it here till the 40s. And remember, in the 1906, 7, 8, 9, 10, some of Picasso, Braque, Clay, some of the greatest work being done was done in that time frame, completely rejected by the United States. Crazy. And at MoMA, they started collecting at Adelaide. So MoMA always has been on the cutting edge.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

But at the time when we were doing the recruit, we needed someone that could make a dynamic turn in the museum. Because the one thing about an art museum is at the end of the day, It's entertainment for different stratas of social culture. It's not just the elite that look at art or can afford art. There are many people that aren't in that financial category that love art.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

But at the time when we were doing the recruit, we needed someone that could make a dynamic turn in the museum. Because the one thing about an art museum is at the end of the day, It's entertainment for different stratas of social culture. It's not just the elite that look at art or can afford art. There are many people that aren't in that financial category that love art.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And they can buy posters. They can buy prints. There's a lot of ways to skin that cat. And MoMA basically was a commercial showplace for people that were tourists to come and look. I remember I had a meeting years ago with the mayor of Rio de Janeiro. A friend of mine asked me to meet with him. And the purpose of the meeting, this is 30 years ago, how do they make Rio a great city?

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And they can buy posters. They can buy prints. There's a lot of ways to skin that cat. And MoMA basically was a commercial showplace for people that were tourists to come and look. I remember I had a meeting years ago with the mayor of Rio de Janeiro. A friend of mine asked me to meet with him. And the purpose of the meeting, this is 30 years ago, how do they make Rio a great city?

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