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10 Friday AM Reads - The Big Picture

10 Friday AM Reads My end of week morning train WFH reads: WeWork’s Mad Messiah Billion Dollar Loser tells the tale of the rise and quasi-fall of Adam Neumann, founder and erstwhile CEO of WeWork, the real estate leasing firm that somehow managed to pass itself off as a startup unicorn to rival the likes of Uber, and which by early 2019 was valued at $47 billion, despite never having made a profit, and having no proprietary technology of any significance. It is rich in high grade weirdness. (UnHerd) • What a $32 Million Dinosaur Can Tell Us About This Year’s Art Auctions The top of the auction market is never a great indicator of how the art market is doing; it’s like trying to gauge the strength of the U.S. car market by looking at Bugatti sales. This has always been true, and it’s particularly salient during the pandemic as jittery sellers turn to pre-arranged (and publicly untraceable) private sales instead of riskier public auctions. Still,

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