Nick Martell
👤 SpeakerAppearances Over Time
Podcast Appearances
Become the essential place where people buy stuff so sellers have no choice but to be there.
And then make that moolah through advertising.
The online store basically breaks even.
It's the advertising that makes all the money.
Besties, Amazon doesn't sell things to people.
It sells access to people.
For our second story, Sotheby's, a worldwide luxury brand, is doing the least luxurious thing possible, begging for money.
We'll explain how this famous auction house committed financial sins and end up with a B-minus credit rating.
by Yeti's Sotheby's.
If you've ever used them to buy something, congrats.
Next round's on you.
Founded in 1744, they originally sold rare books.
That first edition of Tolstoy's War and Peace.
You didn't buy it at Barnes and Noble.
Nope.
You bought it at Sotheby's.
Yes, you picked it up at Sotheby's.
And they're auctioneers.
They talk faster than a woodpecker.
If