The actor's interview with correspondent Rita Braver will be followed by a sold-out live Q&A with Martin in the "Sunday Morning" studio in New York. Fans can also watch a live webcast of the interview on CBSNews.com at 12 p.m. EDT.
Martin told Braver about how his love of art inspired his new novel, "An Object of Beauty," which is set in New York's high-flying art scene in the 1990s.
When asked why art is a good subject for a novel, he responded, "People get to talk about important things. There's a lot of sex, you know in art. There's a lot of naked women and men…and there's intrigue…there's fakery."
Martin is also an art collector himself.
"I first started buying little antique store paintings and then hung a light over it in my apartment, and I thought 'Wow, that looks great.'…Sometimes I liked the frames more than the paintings," he told Braver.
The actor and author also discussed whether he would rather win a Pulitzer or an Oscar.
"Well, since the odds of either are almost zero, I would… I'm trying to think what would hurt my friends more," he laughed. "I think a Pulitzer would hurt people more."
"Sunday Morning" airs from 9-10:30 a.m. EDT on CBS.