Named the "Greatest Rock Star Ever" after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million estate at the time of his death.
Recently, his music catalog sold for a reported $250 million, higher than his initial estate value.
In this episode, David Lenok is joined by Stacie Jacobsen, director of the wealth strategies group at Bernstein Private Wealth Management, diving into the complexity of a music catalog as an asset for both the seller and buyer, along with details of the planning required before and after the transaction.
- The difference between a musician’s catalog and their other traditional assets;
- The impact of interest rate environments on unique investments;
- Why music catalogs are traditionally sold as one unit over individual songs; and
- How artists plan for selling their music catalog after they are gone.
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The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple Podcasts, Android, Stitcher and wherever podcasts are found.