University of Cambridge Risk Event in association with Sotheby's Institute of Art
Exploring Risk and Uncertainty: Metaphors from the Art Market
Friday 23 September 2011 at Sotheby's Institute of Art - London
This research-based conference investigated the nature of risk and uncertainty using metaphors from the art market with an aim to draw novel inferences and develop insights relevant to both the art world and other fields. In particular, the conference investigated dominant models in the art world and the lessons which can be learned from them.
In recent years, art has become big business in way not seen since the Dutch golden age. Once the preserve of a small elite, the explosive growth of the art world has brought it to international attention and created opportunities for incumbents and new entrants. The market for art has increased in both size and scope with the expansion of emerging economies and the global widening of income distributions. The parallel growth of the financial markets has driven the evolution of art as an asset class and an investment option. As well as challenges, the growth of the art market has offered exciting opportunities for the creation of both economic wealth and symbolic and cultural capital. These changes have also introduced new forms of uncertainty, volatility and risk to the art world and its participants.
Download the flyer for this seminar (pdf, 1.26MB)
Download the programme for this seminar (pdf, 38KB)
Meeting Convenors
Dr Anna M. Dempster, Senior Lecturer, Sotheby's Institute of Art
Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
Click here for meeting abstracts
Click here for conference spealers's bios.
Professor Jos Hackforth-Jones, Director, Sotheby's Institute of Art - London welcomes conference participants.
Tom Christopherson, Senior Director of Sotheby's and European General Counsel.
Richard Bronk, writer and Visiting Fellow at the European Institute, London School of Economics.
Margaret Iversen, Professor in the School of Philosophy and Art History, University of Essex.
Filip Vermeylen, Associate Professor at Erasmus University Rotterdam.
Payal Arora, Assistant Professor in the Department of Media and Communication at Erasmus University Rotterdam.
Mary Rozell, Programme Director, MA Art Business, Sotheby's Institute of Art - New York.
Anna Dempster, Senior Lecturer in Art Business, Sotheby's institute of Art, London.
Anders Petterson, Founder and Managing Director - ArtTactic, London.
Stephen Satchell, teaching fellow at Trinity College, Cambridge University and a Visiting Professor in Finance at Sydney University.
Phanish Puranam, Professor of Strategy and Entrepreneurship at the London Business School.
Michael G. Jacobides holds the Sir Donald Gordon Chair for Entrepreneurship & Innovation at London Business School, where he is Associate Professor of Strategic and International Management.
Danny Ralph, Founder and Director of the Centre for Risk Studies, Professor of Operations Research at Cambridge Judge Business School, and a Fellow of Churchill College.
Clare McAndrew, cultural economist, investment analyst and author, and founder of Arts Economics in 2005.
Joseph Lampel, Professor of Strategy at Cass Business School, City University London.
Tom Flynn, London-based art historian, critic and journalist.
Rachel Campbell-Pownall, Associate Professor of Finance at Tilburg University and at the University of Maastricht.
Christophe Spaenjers is an Assistant Professor of Finance at HEC Paris.
Laurent Noel, Assistant Professor and heads the Major in "Cultural institutions and multimedia industries management" at Audencia Nantes School of Management.
Arjo Klamer, professor of cultural economics at the Erasmus University.
