Leaving an actual material legacy is not easy. This man spent 27 years and +$1M building the world's best stereo system & listening room. After his death the room was taken apart and the pieces were sold for $158k.
Leaving an actual material legacy is not easy. This man spent 27 years and +$1M building the world's best stereo system & listening room. After his death the room was taken apart and the pieces were sold for $158k.
Massive cost of intermediation. Think about it: when you buy a multi-million dollar artwork at an auction house, the average commission is 15%. On top of that goes expenses like loss and damage insurance policies, high-end shipping and other ancillary fees that can drive up the intermediation costs upwards of 25% of the price paid
Ulysse Laroche • Art Tech
Imagine spending $11 million on a watch that only people you interact with in person can even see.
Jesper Kouthoofd envisioned living in a one-room apartment without any money. But life wanted something different for the Swedish ad-man and founder of music-tech company Teenage Engineering. We were granted an exclusive audience in Kouthoofd’s 18th-century house in Stockholm.
ILENIA MARTINI • Scandinavian MIND | The founder of Teenage Engineering opens up to his creative space
The lender kept the biggest piece, the stock. After all, he was the stockholder.