COLLECT ART

“AI, I think, is going to be tremendously deflationary. It's going to drive the cost of goods down, the cost of service down. I actually think that AI will potentially drive interest rates negative. Whereas if you have $100 in a bank account, you will be paying 1% to the bank to keep that money in the bank account.”

“I actually think that the bottleneck will be the production of humanoid robots. It won't be the fact that plumbing is too difficult, because if you think about it, there's 5,000 humanoid robots, and they all plumb for one year. Instead of having one year of experience of plumbing, they're all going to have 5,000 years of experience because they're all going to know everything that every other humanoid robot knows.”

“Many artists price per square inch. So that really, if you're doing like $1.50 per square inch, it really just is a great way to understand how that price is going to balloon as you keep getting bigger. Now, a lot goes into pricing and figuring out that what that price per square inches—are they an emerging artist? Are they a little more established?”

“There's lots of key words that I want you to be able to be like, I just heard this. Is this something I should know? You know, like the common language. And that's I do think that that jargon and that common language is often a barrier to entry to a lot of different worlds. But for the art world, there's a lot of things... I want to take away all of the guesswork.”

“It's very reminiscent of the Manhattan Project. If it was just America that was a hegemonic power and there was no Germany during World War II, maybe we would have taken more time and been a little bit more thoughtful from a philosophical moral perspective. But we didn't. It was a race. We were racing full steam ahead because we don't want China to get there before us.”

“The art world at a certain level just exploded. And people were inside their homes looking at their blank walls. They, I think the interior design, art world, all of that really just had this interesting moment of people thinking so much more about their own spaces because they weren't going out. And they wanted to be able to make their own space reflect them and how they wanted to live.”

“I think Tesla is the best positioned to dominate AI and robotics. But I still also believe that those types of things that are human in nature and that can't be produced by artificial intelligence will be what's valuable. The flex might be a Honus Wagner card or human art because rarity will come down to human culture.”

“There's a 10 to 30 percent chance it kills us all, but there's a 70 percent chance that we live in an age of abundance that you couldn't even have contemplated 10 years ago. I'm incredibly optimistic about AI, but I'm being kind when I say it is a one in three chance of being wiped out by the end of the century.”

“I wouldn't be surprised if we see within 10 years, 50 percent of the jobs in America gone. AI will replace all intellectual capital. Robotics combined with AI will replace all human physical labor. Within 20 years, it is probably 90 percent.”

“If you are a poor seven-year-old in Peru, milking your cows on your dad's farm, AI is going to change your life so much for the better. That boy is going to have access to an education level greater than a Harvard PhD can now experience. He'll have access to that free education, a free AI tutor, and internet via satellite for near free.”

“I may get some pushback from this, but I don't think that MFAs are really necessary anymore. I think they're incredibly expensive, and if you want to go get a master's, go get a business degree. Because the amount that is expected from artists, Farnoosh right before we were talking about as an author, you have to have so many skill sets... part of that is marketing, understanding your financials.”

“As we get more and more in the world of AI and all of that digital age, there are people that are coming to me and saying, I'm so excited about things that are made by hand, that are made by a person that I can connect with. And so we talk so much about who the artist is, as much of what the artwork is, because I think that is where people are connecting.”