Suzanne Gyorgy is a partner at Emigrant Bank Fine Art Finance. Prior to joining Emigrant in 2023, Suzanne was a Managing Director and Global Head of Citi Private Bank Art Advisory & Finance for more than two decades where she had a bird’s eye view on the art buying patterns of some of Americas most active and passionate collectors. Earlier in her career, Suzanne served as the Director of PaineWebber (UBS) Art Gallery in New York where she worked closely with Don Marron, one of the most dedicated and admired art collectors of his era. In this episode Suzanne and Michael discusses the following:

• Reports in the press of a slowing art market tend to affect more collectors on the margins rather than those in the mainstream with long term visions of filling gaps in their collections.
• The downside of the increasing financialization of the art market is that “sometimes people are following the numbers and not the art.” The upside, however, is the creation of art indexes like Mei Moses, and other financial analysis of the art market, have made bankers more comfortable lending against art.
• Suzanne shares her impressions of Art Basel Miami Beach 2023, and how it felt like a return to better days in terms of a more deliberative and collaborative art buying and a lessened presence of smart phones, allowing dealers to reprise their traditional role as educators.
• Now that the Pandemic has passed, collectors have become focused again on seeing the art in person, newly aware of what can get lost when seeing a work only from a computer screen.
• In the private banking world, art is generally considered a more stable asset to lend against when compared  to the daily volatility of equity markets. But in art market downturns, press reports of falling auction prices, sometimes overstated, can disrupt that thinking. 
• Michael and Suzanne discuss when buying art as an investment, an investor must think like a connoisseur, buying with her eyes and not with her ears.
• Suzanne addresses the impact of higher interest rates on art collectors, and the current level of buying from both the Chinese and Baby Boomer segments post Pandemic.
• In the process of answering the Jetstreams Grab and Run Question, Suzanne also explains what it was like to have been working as a Registrar at MoMA preparing Picasso’s Guernica for its historic return to Spain.

Find Suzanne Gyorgy at:

www.emigrantbankfineart.com

X: @sg07928

IG: @suzannegyorgy

LinkedIn: Suzanne Gyorgy


Find Michael Plummer at:

IG: @michaeljplummer

LinkedIn: Michael Plummer


Find Christie’s Education at:

www.Education.Christies.com

IG: @Education.Christies

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Recorded at The Newsstand Studios in Rockefeller Center.

Thank you for listening.