Art, Risk, and Why Business Isn’t as Rational as We Think, with Joey Hovsepyan

Carlos and Joey Hovsepyan explore the intersection of art and business, discussing Joey's journey from the steel industry to becoming an art collector. They delve into the importance of innovation in both fields, the influence of living in artistic cities like Los Angeles, and the evolving nature of artistic taste. Joey shares insights on the economics of art, the significance of personal connections to artwork, and offers valuable advice for aspiring collectors. The discussion highlights the subjective nature of art and the importance of supporting emerging artists and institutions.TakeawaysJoey's artistic journey began in Montreal and evolved through various cities.The steel industry is outdated and ripe for innovation.Art can soothe and challenge viewers simultaneously.Collecting art is a reflection of personal identity and values.Art should bring joy, regardless of its monetary value.The art world can be unwelcoming, but efforts are being made to change that.Legacy in art involves supporting artists and institutions.Aspiring collectors should learn and develop their taste over time.Avoid speculative trends in the art market. Collect what you love.Chapters00:00 Introduction to Vita Brevis02:50 Merging Art and Business05:50 Joey's Journey in the Steel Industry09:00 The Intersection of Art and Steel11:52 Living in Los Angeles: An Artistic Hub14:53 The Emotional Connection to Art17:45 Art as a Daily Practice20:10 Innovation in Business and Art23:08 The Economics of Art25:59 Conclusion and Reflections26:06 The Economics of Art Investment29:04 Developing Taste in Art30:40 The Context of Art Display32:31 Subjectivity in Art Appreciation36:00 Raising a Child in an Artistic Environment39:06 Legacy and Cultural Impact41:14 Advice for Future CollectorsEpisode recorded on November 20, 2025