Fascinating. I have so many questions. Like how many of the paintings just sit in a dark vault vs. being loaned to a museum? What about climate control for shipping, forgeries, security? How to sell a million dollar painting, in terms of photography, or do investors insist to see them in person? Does a buyer ever agree to just leave it in your vault (after it changes hands) and it just stays in there motionless like a bar of gold?
How are conflicts of interest managed between the private accounts and the fund? Ex. When you have a great acquisition opportunity, do you offer it to a private account or do you acquire for the fund? What about selling a piece from the fund to a private account? It would be great if someone from the Fine Art Fund could answer, thanks
