Can You Spot Talent Before Your Competitors?

Can you imagine amassing a multi-million dollar art collection while making less than $40K per year and storing it in a 450-square-foot apartment in New York City?

Well, Dorothy and Herbert Vogel were always adept at discovering the finest minimalist and contemporary work. They accumulated nearly 5,000 pieces of art.

But the Vogels were never famed painters, nor did they have remarkable art history pedigrees. Rather, Herb worked for the U.S. Postal Service in Manhattan and Dorothy as a librarian in Brooklyn. They enjoyed painting, but gave it up to focus on their true passion: Collection. The Vogels didn’t do it for money. They simply accumulated piece after piece because they were in love with what they saw.

Spotting fine art is not nearly as easy as outsiders assume. But the couple had an uncanny ability to recognize up-and-coming artists and purchase their first or second paintings at a bargain price. Then, once the world recognized what they already knew, their investments skyrocketed.

How valuable would it be to have the Vogels’ unique ability to spot talent before anyone else?

Here’s part of what set them apart:

1. While they were open-minded in learning about art, they were narrow-minded in what they purchased. They had routines and discipline that they never deviated from.

2. They became specialists in their area. They knew what they wanted and most importantly, they could care less what everyone else thought. They were never swayed by peer pressure.

3. They were consistent with their procedures and methodology. They were not going to alter their ways to make money. They chased happiness, not fortune.

4. They were willing to say NO. The Vogels were not afraid to walk away. They would pass on items that were not financially practical and would keep searching.

The Vogels’ formula is completely applicable to our lives as well. When we know what we want, become specialists and do not allow outside forces to influence our decisions, while maintaining the ability to simply say “No,” we can accomplish just about anything!

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