What is ‘profitable art’?
Might be the rapid cycle time. Capital tends to like parking at lower return for more time over higher return for short time. Less tax, less management work to redeploy.
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Hmm. I keep cycling back to - why has nobody created a managed arts investment fund where people can park their money and an arts fund manager cycles it out to production companies/producers?
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It’s not a bad idea. Just that there have been better investment opportunities for a long time. Without looking at returns and spread numbers, I’d guess that they are net low (flops cost money too) and high management load. I’d guess broadway plays would be a good set to study.
End of conversation
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