Comment by braza

At least in some sort, this new venture market dynamics in those private markets is looking more similar with the Art market. I remember that J used to follow several private auctions where most of the auctioneers had some sort of ring where in time to time someone needed some liquidity.

Even in some situations where some artworks could have way less value at the public auction houses (Christie’s, Phillips, Sotheby's) their preference was to market between in this circuit of private auctions.