#325 Larry Gagosian (Billionaire Art Dealer)
Podcast: FoundersPublished On: Sun Oct 29 2023
Description: What I learned from reading How Larry Gagosian Reshaped The Art World by Patrick Radden Keefe. ----Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----(4:00) The dealer has been so successful selling art to masters of the universe that he has become one of them.(5:45) We think of genius as being complicated, but geniuses have the fewest moving parts. Gagosian is simple. He's basically a shark, a feeding machine.(6:00) A novice is easily spotted because they do too much. Too many ingredients, too many movements. Too much explanation. A master uses the fewest motions required to fulfill their intention.(10:00) His own publicist described him as “A Real Killer”(12:00) The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)(17:30) There is always a blueprint. Joseph Duveen was the art dealer to the Robber Barons. Biographies of Duveen:Duveen: A Life in ArtSecrets Of An Art DealerDuveenThe Artful Partners: The Secret Association of Bernard Berenson and Joseph Duveen(18:00) Numerous friends of Gagosian caution me not to mistake this merry-go-round of parties and galas and super yacht cruises for a life of leisure. This guy is always working. This motherfucker works 24/7. The parties are marketing showcases in disguise.(19:00) The Taste of Luxury: Bernard Arnault and the Moet-Hennessy Louis Vuitton Story by Nadege Forestier and Nazanine Ravai. (Founders #296)(19:30) The best way to raise the price of something is to say that you would never sell it.(23:00) If Gagosian possesses one secret weapon that has equipped him for success it might be his disinhibition.(33:00) The niche Gagosian pursued was seen —at the time —as low status. The secondary business was perceived as a backwater by dealers. It was considered a bit distasteful.(42:00) He disdains formal meetings. He finds bureaucracy and protocol dull. There is no hierarchy. There is Larry and then everyone else.(44:00) Gagosian reaps huge profits from asymmetries of information.(51:00) Art is just money on the walls.(54:00) David Geffen is still as liquid as the day is long.(56:00) The competitive drive of self-made billionaires does not go into remission once they’ve made their fortune.----Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast
The note was deleted
The note was saved
Your message was sent