Wintrust Business Lunch 5/20/25: Credit downgrade, recession probability, Unicorn Auctions

Segment 1: Jack Ablin, Chief Investment Officer and Founding Partner, Cresset Capital, talks to John about the big takeaways from Moody’s credit downgrade, the trade agreement between China and the U.S., and the likelihood of a recession in 2025.

Segment 2: Phil Mikhaylov, Founder / CEO, Unicorn Auctions, talks to John about their auction platform for spirits and wine. Phil explains how the auctions work, the logistics involved in delivering product across the globe, who owns the bottles, how many bottles they sell during a year, how many customers they serve, how they acquire the bottles that go up for auction, the price range of the bottles that you can buy, and how often the auctions take place.