My First Million
01:10:42 · Sam Parr, Bill Perkins
[01:10:42] S2: That's so awesome. It's it's also awesome to... Like, I think it's cool to be, like, this kinda like madman and also, like, be into some of the other shit. It's like this... It's a very eclectic person. Did you guys see that story about Sylvester Stallone? Apparently in the eighties, he'd bought this Monet. I think it was called Haystacks. I think he bought it for a $110,000 in the nineteen eighties. Years later, he had some bills to pay or something like that, and he sold it for 3,000,000. And then like five or ten years later, that same painting sold for $130,000,000 [01:11:15] S0: Yeah. [01:11:16] S2: Yeah. And he was telling the story and he was like, I was so foolish to sell. He's like, because art, it doesn't require upkeep. Like, don't have to like move it or fix it or repair it. He's like, I was foolish. Why did I why did I sell this? And it was a really cool story to see. But but also it's like Sylvester Stallone, you know, he's supposed to be this like guy's guy. Yet he writes this badass movie by himself. So he's clearly has an artistic side and he spots a Monet before the world does, and it's just kind of cool to see like an eclectic human being.
01:11:16 · Sam Parr, Bill Perkins
[01:11:16] S2: Yeah. And he was telling the story and he was like, I was so foolish to sell. He's like, because art, it doesn't require upkeep. Like, don't have to like move it or fix it or repair it. He's like, I was foolish. Why did I why did I sell this? And it was a really cool story to see. But but also it's like Sylvester Stallone, you know, he's supposed to be this like guy's guy. Yet he writes this badass movie by himself. So he's clearly has an artistic side and he spots a Monet before the world does, and it's just kind of cool to see like an eclectic human being. [01:11:43] S0: Oh, you should watch the... There's an interview with him about Rocky and the characters and him writing the characters. He is an artist. He wrote that, and it's like, when he talks about the development of the characters and what it's about, it's it's it's an amazing thing. Like, the sequel's all about the boxing and the clever lang or whatever, but, like... And he he became an action star, but, like, he's an artist. Like, people are multifaceted. So you look at the highlight of my life on Instagram, or you look at whatever, and you might have an idea or a good view into certain facets of people's lives. But everybody's a multi cut diamond, and some of those facets that you don't see are actually a bigger part of their lives.
01:11:43 · Bill Perkins, Shaan Puri
[01:11:43] S0: Oh, you should watch the... There's an interview with him about Rocky and the characters and him writing the characters. He is an artist. He wrote that, and it's like, when he talks about the development of the characters and what it's about, it's it's it's an amazing thing. Like, the sequel's all about the boxing and the clever lang or whatever, but, like... And he he became an action star, but, like, he's an artist. Like, people are multifaceted. So you look at the highlight of my life on Instagram, or you look at whatever, and you might have an idea or a good view into certain facets of people's lives. But everybody's a multi cut diamond, and some of those facets that you don't see are actually a bigger part of their lives. [01:12:26] S1: In a strange way, by having that bidding war, telling this story, buying it at the price you did, you increased the value of the art. Right? So it's like... It's kind of reflexive in that way where the art actually increases in value because you paid more and because of the way it went down in in a strange way.
01:12:26 · Shaan Puri, Bill Perkins, Sam Parr
[01:12:26] S1: In a strange way, by having that bidding war, telling this story, buying it at the price you did, you increased the value of the art. Right? So it's like... It's kind of reflexive in that way where the art actually increases in value because you paid more and because of the way it went down in in a strange way. [01:12:46] S0: Yeah. I I mean, I signaled to the market Barnes' works are important, at least his a grade works. Right? Like, every Arctic has their a work, their b work, their c work, their d work, and, you know, etcetera. And so the market got a signal, and there was another piece at auction that I wanted to buy, and then I couldn't afford it because, that was a piece that had I bought that first, I probably would have bought it for a couple $100. Went for like 2,000,000 to some Asian buyers or something like that, And this was the day auction, right? This is the cheaper stuff, right? And so I completely reset the Barnes market, you know, and it wasn't me, it's just the market became aware, right? Like, you know, when people like, well, why did you pay this much and why is this significant? You know, I had like three, you know, Artnet interviews, and Wall Street Journal interviews, and I went over the thesis, and everybody's like, you're absolutely right. [01:13:39] S2: There's this photo of you like holding up your arms. [01:13:41] S0: Yeah. [01:13:41] S2: It's a great photo.
01:13:41 · Sam Parr, Shaan Puri, Bill Perkins
[01:13:41] S2: It's a great photo. [01:13:43] S1: Yeah, I would have held up my arms when the guy turned around and said, I'm not gonna stop, and then you had a cool thing to say back. You know how hard it is to have a cool thing to say back in the moment? Like, I I would have already been celebrating the victory of having the cool shade... The cool one liner ready ready to lock, stock, and barrel. Right? Then not, like, ten minutes later thinking of what I should have [01:14:01] S0: No. I don't know. It's just it just flowed. You know? It it was it was a... You know, some people, it's like, I gotta have this car, or I I made it when this this this was the thing, you know? And I'd I'd become a peon minor art collector, thief of collecting black works, and my friend John Arnold was helping me. He's a extremely astute collector. He saw it first. He's like, what'd you... I said, what do you think? He goes, it's exquisite. And and he's the one who notified me because I was after it, and he and and kind of guide me on, like, collecting, like, collect what you like, you know, collect A Works, etcetera. And so, anyway, yeah, it it does help, but I don't expect to close the arbitrage collab in my lifetime. I'm just... You know, I get to show people and carry it. [01:14:52] S2: Where's it now? [01:14:53] S0: Oh, right now, it's on loan in a museum. I think it's in in Ohio, and then it's going to Art Basel on loan, and then it's on it's on loan. It's on a lot of loans. Like, people borrow it. It's on total.
01:14:53 · Bill Perkins, Shaan Puri, Sam Parr
[01:14:53] S0: Oh, right now, it's on loan in a museum. I think it's in in Ohio, and then it's going to Art Basel on loan, and then it's on it's on loan. It's on a lot of loans. Like, people borrow it. It's on total. [01:15:05] S1: How does that work? So they're paying you to be able to exhibit it? [01:15:08] S0: They don't pay. They take... They pay the insurance, and they carry it, etcetera. When I first got it, my kids were like, don't you dare bring that to the house. You can't have $15,000,000 hanging on the wall. We're gonna get robbed. And so then, like, they were all scared. Like, somebody... You know, people know who you are, and they're gonna come come take the painting. So it so it's it's on tour right now. [01:15:27] S2: Man, thank you so much for coming on. You and I, I don't know if you noticed, we've been training DMs back and forth like four years now trying to get you on. You know, we we've have all types of amazing people come on. I think We don't look up to everyone. We like most of them. We don't look up to everyone, but I think you're one of the handful that you really have some parts of your life that we really, really, really admire. And, you know, we ask ourselves like this flavor of advice, what would they advise that we do in this period of our life? And so you're definitely in the mix, so we appreciate you.